Job Information
Federal Reserve Bank Senior Risk and Compliance Analyst (HR) in Richmond, Virginia
Company
Federal Reserve Bank of Richmond
When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.
Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance
About the Opportunity
The Federal Reserve Bank of Richmond’s People, Culture +Wellness Department has an immediate opening for a Risk and Compliance Senior to develop and execute a risk-based compliance strategy for Human Resources, Health Services and System Payroll. In this role, under minimal supervision, you will have responsibility for collaborating with business areas to understand their processes, risks, and controls; assess security controls and strategies; develop, test and analyze compliance reviews and audits; create risk and compliance related policies, procedures, guidelines and process documentation, including flow diagrams and process maps to meet business needs; proactively seek opportunities for continuous improvement of risk and quality assessments and compliance practices to drive efficiency; and monitor tasks are compliant with internal and external policies and procedures.
In addition, you will be responsible for developing and implementing business continuity plans to ensure business line readiness during unexpected and challenging situations. You will proactively prepare reports that support the needs of the Bank management, the District and the System; and serve as a Subject Matter Expert (SME) in the fields of compliance, risk, and quality assurance.
You will possess the ability to develop and maintain strong relationships across the Richmond Bank and Federal Reserve System, as well as the ability to consult on and positively influence the identification and resolution of risks and opportunities. You will ensure that activities performed within the department and Bank are performed in compliance with Federal Reserve System and Bank policies and procedures.
What You Will Do:
Develop and implement robust compliance program for Human Resources, Health Services and System Payroll
Coordinate risk assessments and compliance audits; serve as a liaison to auditors, Integrated Risk and Resilience team, workgroups, and other key stakeholders as needed
Identify and evaluate emerging risks, compliance issues, and trends and advise PC+W leadership on strategies to address including development and implementation of mitigation plans
Analyze business processes and controls to identify and assess risk, controls, efficiency, and compliance opportunities while partnering with central risk functions
Manage execution of reporting methods and educate internal stakeholders of business risks and trends
Lead efforts in the development, implementation, testing and monitoring of the business continuity plans; ensure business continuity plans are reviewed, updated and practiced regularly
Actively collaborate with security partners to understand security controls and how to monitor for compliance
Prepare and present to management and executives a quarterly summary of effectiveness and opportunities for key compliance activities
Promote the standardization of practices, and create and execute end-user education and training
Maintain an expert knowledge of internal controls and other applicable state and federal laws and regulations
Participate with cross-functional team initiatives and process improvements
Perform other related duties as assigned
Qualifications:
BA/BS in Business Administration/Finance/Accounting or equivalent experience
5 + years of related experience in compliance, quality assurance, Internal/External Audit and/or relevant professional and functional work experience
Experience designing, developing and implementing a broad-based compliance program
Demonstrated ability to develop and execute program with minimal oversight
Excellent interpersonal and communication skills, and experience and confidence collaborating with internal and external stakeholders to develop productive relationships and achieve positive outcomes
Demonstrated analytical ability, and attention to detail with a high level of data integrity and accuracy
Demonstrated agility and ability to problem-solve and use innovation to transform and impact continuous improvement
Identify problem areas and provide fresh approaches to solving issues
Working knowledge of Workday and Ariba.
Discover the Reason Why So Many People Love It Here!
When you join the Richmond Fed, not only will you find a challenging and purposeful career, you’ll also have access to a wide range of benefits and perks that support your health and wealth, including:
Great medical benefits
Pension and 401(k) with employer match
Paid time off
Tuition reimbursement
Employee resource networks
Paid volunteer leave
Flexible work options
Onsite amenities that make working here fun
Other Requirements and Considerations:
Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict-of-interest rules and personal investment restrictions.
If you need assistance or an accommodation due to a disability, please notify rich.recruitment@rich.frb.org.
Selected candidate is subject to special background check procedures.
Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications/experience.
The Risk and Compliance Senior Analyst hiring range is $83,600 - $104,500 annually
The Fifth District provides a hybrid work environment. This position is required to be onsite on Tuesday, Wednesday, and Thursday each week.
Interested candidates are strongly encouraged to apply by October 24, 2024. Afterwards, applications are reviewed on a rolling basis.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Analytical
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.
Always verify and apply to jobs on Federal Reserve System Careers ( https://rb.wd5.myworkdayjobs.com/FRS ) or through verified Federal Reserve Bank social media channels.
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