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Federal Home Loan Bank of New York · 16 hours ago

Senior Manager, Electronic Payments

New Jersey, United States

Full-time

Onsite

Senior Level, Lead/Staff

$200K/yr - $220K/yr

10+ years exp

The Federal Home Loan Bank of New York is seeking a Senior Manager for Electronic Payments to oversee operations across two locations. This role involves managing compliance with federal regulations and providing leadership to ensure effective departmental operations and risk management.

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Responsibilities

Management of the daily operation across multiple “hot” locations, provide leadership and sets short and long term strategic direction over the EP Department in accordance with Bank policies / procedures, regulatory and compliance i.e. Sarbox 404 controls

Oversee the Bank’s Correspondent services relating to wire transfers, settlement services, and deposit services, as well as ensuring the Bank’s bills for appropriate services

Ensure department’s structure is effective and staffing are sufficient to accomplish the goals and objectives defined, including to recruit, train, manage, develop, coach, and evaluate staff as well as grooming potential successors

Provide oversight to ensure the successful completion of projects that require department involvement, including to ensure that project goals / objectives are met, to support and maintain a low operational risk posture

Lead staff to ensure appropriate controls are developed, implemented, followed and are effective, review and approve departmental Annual Risk Assessment, appropriate issue management / mitigation strategies are implemented and that all management / regulatory reporting are accurate

Manage operational risk to a low level and look to mitigate risks as they may emerge (work with Operational Risk and Compliance when necessary)

Approve and ensure the department’s business and component action plans, strategic direction, initiatives and goals, standards, and procedures are implemented and being executed effectively

Disseminate, oversee and implement EP policies, standards, procedures, guidelines, practices and ensure risk mitigation techniques are followed

Responsible to ensure all departmental applications are current / up to date with latest supported / versions of vendor products utilized and that proper approval is provided prior to implementation to production of new functionality or enhancements to system code

Establish performance indicators, ensure compliance with policies and standards, and assessment of frequency in breached indicators, against standards

Implement the appropriate sections of the Bank Operations Group business and strategic plan in accordance with delegations from the Head of Bank Operations for officers

Contribute to the administration and implementation of the Bank’s Collateral and Credit Policy, Member Product Guide and Correspondent Services Manual in accordance with FHFA Regulations and established credit, market, business, operational and strategic risk parameters, tolerances, and guidelines

Ensure standards of performance for the departments under position leadership are met with regular monitoring reports on department/division performance. Evaluate performance and monitor corrective actions

Responsible for determining department’s budget and managing to such

Approval of disaster recovery and business resumption plans for division based on Bank guidelines and scenarios. Ensure education of staff in these roles; manage testing and ensure plans meet current needs

Provides strategic direction and guidance, from time to time, to project teams and implements solutions based on requirements

Manage the collecting and disseminating of Operational Metrics including KPI(s) and KRI(s)

Recommend changes to and participate in periodic review and revision to Bank’s Guides, Fees, Policies and materials on public website

Responsible for approval, oversight and management of departmental Annual Risk Assessment ensuring a tolerable level of operational risk

Oversee, provide leadership and strategic direction on all projects, upgrade enhancements required (e.g. with the Federal Reserve Bank, Wire Transfer, Deposit and 1Link systems) to ensure adherence to security administration procedures, risk controls and compliance with all required regulations and policies. Including to meet and exceed all FED standards and testing requirements

Approves changes to existing departmental procedures and ensures / reviews new procedures drafted for any new business processes

Provide leadership to staff to analyze existing processes, where applicable, implement improvements to processing resulting in increased productivity, reduction of operational risk, further automation i.e. STP and increased effectiveness of staff

Qualification

Electronic Payments ManagementFederal Reserve ComplianceOperational Risk ManagementBanking Industry ExperienceLeadership SkillsStaff DevelopmentStrategic PlanningRegulatory ReportingPerformance MonitoringProject Management

Required

Ten or more years of managerial experience within the banking industry, financial services or related field

Focus on Federal Reserve functions (i.e. wire transfers), settlement services, and compliance activities including OFAC, fraud, AML, and Bank Secrecy Act

BS/BA in business administration, finance, credit or related field

Comparable work experience in lieu of education will be considered