Compliance Risk Lead Examiner

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

New York, NY, USA
Posted on Saturday, August 19, 2023


Federal Reserve Bank of New YorkWorking at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.

The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.

What We Do:

The Supervision Group of the Federal Reserve Bank of New York (FRBNY) supervises banks in the Second District. The objectives of supervision are to:

  • Evaluate and promote the overall safety and soundness of supervised institutions;

  • Ensure supervised institutions’ compliance with relevant laws and regulations, including consumer protection;

  • Facilitate the stability of the financial system of the United States; and

  • Support the growth and stability of the U.S. economy.

Supervision is carried out through a combination of methods, including on-site and off-site examinations involving staff dedicated to the supervision of an individual firm and other professionals focused on analytical, policy and risk matters. Supervision is coordinated with other US agencies.

The Large Institution Supervision Coordinating Committee (LISCC) Program function is responsible for executing the LISCC supervisory program (covering Capital, Governance and Controls, Liquidity, Recovery and Resolution Planning, and Monitoring and Analysis) for domestic global systemically important banks (G-SIBs). This supervision is accomplished through close coordination and in partnership with LISCC Dedicated Supervisory Teams (LISCC - DST) assigned to supervise individual firms, other Group business leaders, as well as LISCC leadership at the Board of Governors and other Federal Reserve Banks.

Within the LISCC Governance and Controls Program, the Compliance Risk horizontal team supervises the legal and compliance infrastructures of the largest financial institutions under the Federal Reserve System’s (FRS) supervision. The Compliance Risk horizontal team evaluates the compliance risks presented by the relevant supervised firm's business models and the adequacy of the compliance control framework for addressing such risks. In addition to participating in and leading compliance examinations of supervised financial institutions, the team contributes to other examination, analytical, and policy work in collaboration with senior supervisors and FRS management, legal staff, and policymakers across agencies.

Your role as Compliance Risk Lead Examiner:

  • Lead or participate in examinations and conduct ongoing monitoring to evaluate the quality and effectiveness of an institution's compliance risk management practices (knowledge of relevant BSA/AML laws and regulations is a plus) in relation to the inherent risks of the institution, supervisory expectations, and industry sound practices;

  • Lead or participate in development and execution of supervisory strategies for oversight of significant and emerging compliance risks;

  • Monitor and assess remediation of supervised institution compliance failures underlying enforcement actions;

  • Support conclusions and communicate results with partners through supervisory products and key meetings;

  • Monitor and document remediation of supervisory issues;

  • Contribute to preparation of supervisory plans for relevant risk-based supervision;

  • Communicate with supervised large financial institutions, regulatory agencies and FRS executive management; and

  • Develop a comprehensive understanding of laws and regulations relevant to corporate compliance expectations of the largest financial institutions.

What we are looking for:

  • Proven track record working in any of the following roles: financial institution legal and/or compliance departments; compliance consultant in the financial services industry; auditor; or bank examiner;

  • Experience with relevant laws and regulations and strong knowledge of compliance risk management programs at large banking organizations with complex compliance profiles, including reporting lines, compliance monitoring and testing, risk assessments and responsibilities of the board of directors and senior management;

  • Strong understanding of laws, rules and regulations, compliance risks and controls specific to particular lines of business, such as investment banking, sales and trading, asset management, or consumer financial services is a plus.

Preferred Skills

  • Strong analytical, written and oral communication skills;

  • Ability to deliver written and oral messages confidently and accurately; and

  • Ability to function effectively and independently in a dynamic work environment

Salary Range: $132800-$154900 / year

We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.

Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.


Our organization offers benefits that are the best fit for you at every stage of your career:

  • Fully paid Pension plan and 401k with Generous Match

  • Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)

  • Subsidized Public Transportation Program

  • Tuition Assistance Program

  • Onsite Fitness & Wellness Center

  • And more

Please note that the position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements.

In addition, all candidates must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana.

The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


Job Category

Legal Family

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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