Account Coordination Associate

Company

Federal Reserve Bank of New York

Working 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:

As part of the Operations and Resiliency Group, the Reserve Bank Accounts and Services (RBAS) is responsible for the adminstrative, business, risk and compliance activities related to the provision of master accounts and Federal Reserve Financial Services (FRFS) for secound district customers.

The RBAS team functions as the central communication and coordination liaison between the Bank's internal and external customers, with respect to account opening, involuntary closing, and related matters. The team is also responsible for ongoing account administration activates.

Your role as Account Coordination Associate:

Reporting to the Account Coordination Manager, your role is to coordinate and execute account related activities and establish Federal Reserve System relationships to effectively execute these activities.

Work includes engagement with customers and cross Bank colleagues and stakeholders– (e.g. Legal, Credit, Compliance, and Policy areas).

• Perform the Account Operations Owner (AOO) role for account opening/creation access requests and related on-going account maintenance activities. This includes serving as point of contact with prospective and existing customers as well as internal stakeholders on account matters.
• Administers Account Request Tool (ART) to facilitate requests for accounts and financial services.
• Manage projects within the role.
• Coordinate customer account involuntary closures.
• Operationalize account and financial services related activities.
• Demonstrated an on-going awareness of relevant customer issues.
• Perform relevant updates to risk controls in systems.
• Provide peer reviews and resolve account discrepancies.
• Prepare relevant materials to support financial controls testing.
• Coordinate work with other stakeholders to drive outcomes.
  
  

What we are looking for:

• Strong ability to quickly learn business and related process.
• Goal-drive, determined, able to meet stringent deadlines and work well under pressure, with demonstrated ability to work independently to deliver outcomes.
• Knowledge of project management methodologies and tools. Ability to work independently on larger, complex projects/assignments.
• Strong understanding of internal controls and risk management.
• Strong attention to detail, and good organization skills.
• Strong analytical, quantitative skills, including ability to interpret financial statements and capital adequacy/risk reports of banking and other financial institutions as well as policy requirements.
• Advanced collaboration, written and verbal communication skills, with the ability to synthesize information effectively.
• Excellent PC and technical proficiency (Word, Visio, PowerPoint, Excel pivot table, SharePoint Online, Tableau, and Salesforce.)
  
  

Salary Range: $96100 - $165300 / 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. 

 

Benefits: 

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 [email protected] and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.  

 

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. 

 

This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C.

• 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.  
  
  

 

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Banking Services

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.

Privacy Notice