Risk & Compliance Analyst

Depends on Experience

Full Time

    Job Description

    As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.

    This job is eligible for a hybrid schedule with some on-site work expected.

    This position is responsible for supporting key activities of the Bank's Compliance and Data Privacy function. The Risk and Compliance Analyst will interact with people across the organization; gather, analyze, monitor and track risk and compliance information and data; and contribute to assessments and the preparation of reports and presentations. This role will help to advance important activities and priorities related to compliance, data privacy, records & information management (RIM), and risk management. This position resides within the Compliance and Data Privacy function of the Corporate Strategy & Risk department and reports to the Director, Compliance and Data Privacy.

    Principal Accountabilities:
    • Support the execution of an enterprise compliance framework and program.
    • Perform compliance testing and validation for select control activities.
    • Perform data analysis and assist with the development of key metrics and reports.
    • Engage with and support business areas with the completion of various compliance activities.
    • Support the completion of compliance reviews, PII data inventories, vendor privacy risk assessments, records retention schedules, and similar activities.
    • Consult with business areas on PII collection, use, sharing, and minimization.
    • Contribute to and create training presentations, online forums, articles, and other tools to create awareness of the program and compliance obligations.
    • Organize and maintain the program's internal web presence and related resources/communications.
    • Assist with the preparation of risk and compliance reporting for business leaders, senior management, and Federal Reserve governance groups.
    • Support tactical event and project initiatives, including coordination and implementation.
    • Perform department operational responsibilities, including administrative activities.
    • Perform other duties as assigned.

    Other Accountabilities:

    Perform other duties as assigned.


    This position does not directly supervise others.

    Knowledge & Experience:
    • Knowledge and experience normally acquired through, or equivalent to, the completion of a Bachelor's degree and a minimum of 3 years related job experience.
    • Highly effective written and oral communication skills.
    • Strong organization skills and the ability to manage multiple priorities in a fast-paced, changing environment.
    • Self-starter with good problem-solving skills, curious-minded, and comfortable asking questions.
    • Effective time-management and project management skills.
    • The drive to play a key role in the development and growth of a new compliance program for the Bank.
    • Strong business acumen and interpersonal skills, with an ability to excel in working with a diverse group of colleagues and stakeholders.
    • Strong working knowledge of MS Office including Word, Excel and PowerPoint; SharePoint knowledge is a plus.

    The Federal Reserve Bank of Boston is committed to a diverse and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

    All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.

    The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

    Full Time / Part Time
    Full time

    Regular / Temporary

    Job Exempt (Yes / No)

    Job Category

    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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