Ethics Associate
Federal Reserve Bank of New York
The Federal Reserve Bank of New York works within the Federal Reserve System and with other public and private sector institutions to foster the safety, soundness and vitality of our economic and financial systems. Among its functions the foremost are the implementation of monetary policy, supervision and regulation of depository institutions, international operations and financial services.
The New York Fed oversees the Second Federal Reserve District, which includes New York State, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico and the U.S. Virgin Islands. Though we serve the public interest in a geographically small area, the New York Fed is the largest Reserve Bank in terms of assets and volume of activity. We accomplish this with talented and innovative people working within a collaborative and inclusive culture.
The New York Fed oversees the Second Federal Reserve District, which includes New York State, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico and the U.S. Virgin Islands. Though we serve the public interest in a geographically small area, the New York Fed is the largest Reserve Bank in terms of assets and volume of activity. We accomplish this with talented and innovative people working within a collaborative and inclusive culture.
33 Liberty Street
New York, NY 10045
New York, NY 10045
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:
The Compliance Function is an independent advisory and control function within the Federal Reserve Bank of New York. The mission of the Compliance Function is to protect the Bank and serve the public interest by ensuring that the Bank adopts sound risk-based compliance controls and by promoting a strong ethical mindset.
As part of the Compliance Function, the Ethics Office cultivates the Bank’s ethical culture and ensures that all employees act with honesty, integrity, impartiality, and respect in all dealings with colleagues and the public.
The Office’s core responsibilities include interpreting and ensuring compliance with the Bank’s Code of Conduct, responding to staff ethics questions, vetting pre-employment conflicts of interest, reviewing staff financial disclosure forms and personal trading activity, and considering requests for waivers. The Office develops guidance, policies, and training to minimize reputational risk to the Bank and its employees, monitors its anonymous FRBNY Integrity Hotline, and conducts investigations of suspected ethical misconduct, fraud, waste, or abuse.
Your role as a Compliance and Ethics Associate:
- Providing thoughtful guidance when managing conflicts of interest and ensuring compliance with the federal criminal conflicts of interest statute and the Code of Conduct;
- Working with employees to address and resolve potential conflicts identified through the Personal Trading Application;
- Conducting pre-employment and transfer conflict of interest reviews for potential and existing Bank employees;
- Reviewing employee disclosure forms and following-up with employees to resolve any potential conflicts of interest;
- Answering employee ethics questions, including but not limited to, outside employment, membership, and public speaking requests;
- Summarizing ethics issues and guidance given by ethics staff members in the office guidance database;
- Drafting and revising policies, procedures, and the annual report;
- Participating in the Office’s communication and outreach efforts, including Ethics Awareness Month;
- Assisting with the Office’s training efforts, including tracking employee completion;
- Assisting with other Compliance and Ethics Office work, as needed.
What we are looking for:
- Ability to identify and analyze issues, draw conclusions/propose solutions, and summarize them
- Strong customer service skills with the ability to discreetly handle sensitive and confidential information
- Strong self-management skills including ability to handle multiple assignments at once and produce results under tight time constraints, both independently and as part of a team
- Familiarity with financial products (e.g., stocks, bonds, financial sector funds, IRAs, etc.)
- High degree of attention to detail and organization
- Agility in adapting to changing work demands and business developments
- Motivation to learn and grow in a team environment
Touchstone Behaviors set clear expectations for leading with impact at every stage of our careers and aspire to achieve in our continued growth and development.
Communicate Authentically: Empathetically engage one another with direct and transparent dialogue and listening. Actively discuss viewpoints with respect and compassion in a timely and candid manner, taking into account verbal and nonverbal cues. Ask questions, learn from each other, and share information widely to move the Bank’s work forward.
Collaborate Inclusively: Inspire a diverse and inclusive environment that empowers others to contribute meaningfully. Intentionally bring a diverse set of people together to achieve positive business results.
Drive Progress: Grow and adapt to changing priorities in the Bank. Experiment with new concepts and take appropriate risk to drive innovation. Remain curious and action oriented, navigating through ambiguity and uncertainty to drive outcomes.
Develop Others: Equitably champion, mentor, and develop others to grow professionally. Demonstrate vulnerability and empathy to create a trusted environment.
Take Ownership: Establish an environment of action and excellence by holding self and others accountable to execute to the highest standard.
Communicate Authentically: Empathetically engage one another with direct and transparent dialogue and listening. Actively discuss viewpoints with respect and compassion in a timely and candid manner, taking into account verbal and nonverbal cues. Ask questions, learn from each other, and share information widely to move the Bank’s work forward.
Collaborate Inclusively: Inspire a diverse and inclusive environment that empowers others to contribute meaningfully. Intentionally bring a diverse set of people together to achieve positive business results.
Drive Progress: Grow and adapt to changing priorities in the Bank. Experiment with new concepts and take appropriate risk to drive innovation. Remain curious and action oriented, navigating through ambiguity and uncertainty to drive outcomes.
Develop Others: Equitably champion, mentor, and develop others to grow professionally. Demonstrate vulnerability and empathy to create a trusted environment.
Take Ownership: Establish an environment of action and excellence by holding self and others accountable to execute to the highest standard.
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
- Andmore
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.
The successful candidate must be fully vaccinated against COVID-19, and receive a booster shot within 30 days of being eligible to do so, unless the Bank grants an exemption based on a medical condition or sincerely held religious belief.
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.
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.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
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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