Accounting Policy & Compliance Associate

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Accounting & Finance, Legal
New York, NY, USA
Posted on Thursday, March 21, 2024


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:

Accounting Policy & Compliance roles are responsible for the adherence and interpterion of local and national policies related to financial and cost accounting along with certain administrative policies related largely to discretionary policy.

Staff consult with business areas to discuss appropriate applications of such policies, lead or participate on efforts to introduce new or update existing policies and lead or consult on compliance activities for such policies. Staff also lead or participate in System-wide and local workgroups related to such topics.

Your role as an Accounting & Policy Compliance Analyst:

  • Lead or participate in the Bank-wide guidance, training, and review of cost accounting (CASPR), FAM Capital, and the Discretionary policy.
  • Perform testing or review where necessary to ensure the Bank's compliance with the policies within the areas of subject expertise as noted above.
  • Research support for policy questions and related matters in the areas of cost accounting (CASPR), Financial Accounting and/or discretionary spending for policy specific to questions, issues, or new activities where the outcome is not clear.
  • Assist in Sarbanes Oxley compliance procedures.
  • Participate in projects to simplify, innovate or lead the activities of the Group, Bank or System.

What we are looking for:

  • Individuals with strong communication skills who will participate in meetings, tasks forces, projects, workgroups, etc., pertaining to issues relevant to the staff`s work.
  • 5+ years foundational experience accounting, controls and or policy

Salary Range: $110000 - $130000 / 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

The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.

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, pregnancy, or military service.

We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.org and we’ll be glad to help.

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


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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