Compliance Analyst (Banking) jobs in Richmond, VA

At the Richmond Fed, we're driven by our mission to strengthen the economy and our communities. We take great pride in what we do and it impacts everyday people every day.

When you join our team, you'll become part of a culture that welcomes differences, cares about our communities, and empowers each other to lead from where we are to make things better.

Bring your passion and we'll provide challenging and purposeful careers in a variety of fields, opportunities to grow and a wide range of benefits and perks that support your health and wealth. It's all part of what makes #MyRichmondFed a great place to work!

About the Opportunity

We are looking for a highly motivated Compliance and SOX Analyst to manage, monitor and report on the risk-based compliance efforts in the Corporate Accounting functions as they relate to the internal controls over financial reporting and other compliance activities. In this role you would gather and collate information, perform analysis, and prepare reports that support the needs of Bank management, the District and the System work efforts related to risk management, compliance, and SOX activities. In addition, you will either complete internal control testing or review internal controls testing performed by others to evaluate the operational effectiveness of the controls over financial reporting and/or compliance with applicable policies. As part of the embedded compliance function, you will provide consultative support to Corporate Accounting functions in alignment with our evolving risk environment.

What You Will Do:

• Support the business line with the planning, execution, and review of testing for SOX as well as other compliance activities.
• Manage the development and facilitation of Corporate Accounting risk and fraud assessments, analyzing the results of the assessments, and tracking and reporting on progress of risk mitigation plans.
• Lead and execute compliance testing, process analyses, gap identification and remediation in alignment with organizational compliance framework.
• Maintain and use data in the Bank's Governance, Risk & Compliance (GRC) application to support analyses.
• With minimal supervision, prepares comprehensive written talking notes, presentations, and analyses for functional leadership.
• May be engaged in District and System workgroups, committees, and project teams.
• Be an expert to business lines as a risk and controls specialist for ad hoc projects.
• Perform other related duties as assigned.

Qualifications:

• A Bachelor's degree in accounting or a related discipline, such as finance, mathematics, etc.
• Minimum 3 -5 years of relevant work experience
• Strong knowledge of risk mitigation methodologies, processes, and procedures of related specialty
• Relevant experience working closely with a variety of different levels of constituents, including senior leadership.
• Strong analytical ability and attention to detail
• Strong oral and written communication skills with the ability to provide clear and concise information and/or instruction to key stakeholders.
• Proficient computer skills including Microsoft Outlook, Word, Excel, and PowerPoint along with various other online applications, as needed for the role.
• Strong interpersonal skills and ability to work with internal and external stakeholders including Federal Reserve System staff.

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 .
• Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.).
• Selected candidate is subject to special background check procedures.
• Job title ( Intermediate Analyst or Senior Analyst ) and salary offered will be based on the job responsibilities and the individual's knowledge, skills, and experience as defined in the job qualifications/experience.
  • Intermediate Analyst hiring range: $63,800 - $87,670
  • Senior Analyst hiring range: $83,600 - $114,950
• Applications are reviewed on a rolling basis. Interested candidates are strongly encouraged to apply by April 17, 2024.
• The Fifth District provides a hybrid work environment. This position is required to be onsite on Tuesday, Wednesday, and Thursday each week.

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.

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