Easter Seals Jobs

Sr Bank Secrecy Act/Anti-Money Laundering Policy Analyst, BSA/AML Policy - Division of Supervision and Regulation - R024834

Primary Location : DC-Washington

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Employee Status : Regular

Overtime Status : Exempt

Job Type : Standard

Work Shift: : 1st Shift

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Relocation Provided: : Yes

Compensation Grade Low: : FR PAY GRADE 26

Compensation Grade High: : 27

Minimum Salary: : $123,500.00

Maximum Salary: : $231,700.00

Posting Date : Nov 11, 2024

Minimum Education

Bachelor's degree or equivalent experience

Minimum Experience

5

Summary

Senior BSA/AML Policy Analysts work, with oversight, to enhance anti-money laundering (AML) and countering of terrorist financing (CFT) international and domestic policy and supervision for the U.S. and global financial system. Support Federal Reserve System efforts in consolidated supervision and financial regulation and will also perform in-depth analysis involving complex and sensitive Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and Office of Foreign Assets Control (OFAC) issues. May serve as Board liaison or representative in consulting/collaborating with Reserve Banks, domestic agencies, international authorities, and/or standard-setting bodies. Assist with preparing and delivering communications including presentations and recommendations to Board of Governors, others in the Section/Division and/or to external stakeholders. Collaborate with diverse stakeholder groups and assist the development and delivery of solutions to complex policy and implementation issues. Some travel may be required.

Position requirements: 
A bachelor’s degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 5 years of related experience, or a master’s degree in a related field and 3 years of related experience (FR-26) or A bachelor’s degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 6 years of related experience, or a master’s degree in a related field and 4 years of related experience (FR-27).  


REMARKS:

The Federal Reserve Board’s Supervision & Regulation Division is seeking an individual to contribute to the Bank Secrecy Act / Anti-Money Laundering (BSA/AML) section’s policy and guidance initiatives and financial institution supervisory responsibilities.  The position requires experience in developing and implementing rulemakings, policies, and guidance and/or examining for compliance with the BSA/AML and Office Foreign Assets Control (OFAC) sanctions regulations.  Essential competencies include successful collaboration with diverse stakeholder groups as well as strong written and oral communication skills for briefing principals and developing and conveying solutions to complex policy and implementation issues.  

The selected individual will have the opportunity to contribute to international and domestic initiatives to enhance AML and countering of terrorist financing (CFT) related policy and supervision for the U.S. and global financial system.  The successful candidate will be involved in activities that support Federal Reserve efforts in consolidated supervision and financial regulation and will also perform in-depth analysis involving complex and sensitive BSA/AML and OFAC issues.  


Principal Duties and Responsibilities:

•    Participates in or leads and conducts projects with the Treasury Department and the other Federal Banking Agencies regarding the development of interagency guidance and rulemakings.
•    Develops international, interagency, and internal policies and guidance to promote effective and efficient BSA/AML and OFAC compliance.
•    Develops and implements, on an interagency basis, BSA/AML and OFAC examination policies and procedures, including various training and education initiatives.
•    Participates in or leads and conducts projects related to the national coordination and oversight of supervisory initiatives involving BSA/AML and OFAC programs of supervised banking organizations.  
•    Based on technical BSA regulations, designs and implements supervisory strategies, including enforcement actions, to address significant BSA/AML/OFAC deficiencies in collaboration with Federal Reserve attorneys and analysts.  
•    Provides written or oral briefings to keep Board Governors, senior management, and Federal Reserve System groups informed on developing trends and issues pertaining to money laundering and terrorist financing.  
•    Provides subject-matter expertise and support to senior management and principals, including Board Governors, for interagency BSA/AML working groups.
•    Responds to Congressional inquiries and requests from governmental sources, such as Government Accountability Office and Office of the Inspector General, relating to BSA/AML and OFAC compliance.
•    Engages with and provides outreach to private sector, domestic and international bodies on initiatives for innovation with BSA/AML and OFAC compliance. 


A writing sample may be requested.

This position is located in Washington DC and will require on-site presence of 4 days per month and as business needs require. Relocation assistance is available.