Position Overview Responsible and accountable for managing Electronic Payments, across two locations NY-NJ, and provide for appropriate level of oversight over the department’s operations. Responsible for FED relationship and compliance with all applicable federal regulations / rules including OFAC, fraud, AML and Bank Secrecy Act. Experience 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. Education BS/BA in business administration, finance, credit or related field. MBA or post graduate coursework in business administration or finance preferred. Comparable work experience in lieu of education will be considered. Job Function 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. Approximate Salary Range: $200,000 to $220,000 The Federal Home Loan Bank of New York is committed to recruit, hire, develop, motivate, promote, retain, and compensate all applicants and employees in a nondiscriminatory manner without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a parent, disability, genetic information, military or veteran status, or any other characteristic protected by applicable law (including title VII of the Civil Rights Act of 1964).