Operational Risk & Resilience, Cyber/IT Supervising Examiner

CompanyFederal 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 Supervision Group of the Federal Reserve Bank of New York (FRBNY) supervises banks in the Second District. The objectives of supervision are to:

• Evaluate and promote the overall safety and soundness of supervised institutions

• Ensure supervised institutions’ compliance with relevant laws and regulations

• Facilitate the stability of the financial system of the United States

• Support the growth and stability of the U.S. economy.

Supervision is carried out through a combination of methods, including on-site and off-site examinations involving staff dedicated to the supervision of individual firms and through other professionals focused on analytical, policy and risk matters. Supervision is coordinated with other US agencies.

The Large and Foreign Banking Organization (LFBO) Function is responsible for monitoring and assessing the safety and soundness of two large domestic and all foreign-owned firms with U.S. Operations (FBOs) in the Second District.

Your role as an Operational Risk & Resilience Supervising Examiner for the LCFBO, in the LFB Portfolio:

You will work in a dynamic team environment and play an important role in helping the Federal Reserve carry out its regulatory responsibilities. The Operational Risk & Resilience Supervising Examiner will have primary responsibility for examinations, continuous monitoring, and evaluation of the Operational Risk, Internal Audit, Third Party Risk Management and Resilience control frameworks for two to three complex financial institutions. This also entails leading and/or contributing to firm-specific examination work at multiple firms and horizontal supervisory reviews in the LFBO Portfolio.

Core responsibilities include:

• Providing input to peers and management to drive departmental strategic goals and initiatives.

• Supervising, leading, or participating in firm specific and horizontal examinations; developing well supported supervisory assessments for two to three primary responsibility firms and assisting in examination work at all firms in the LFBO portfolio, as necessary.

• Presenting examination results to supervised institutions, Federal Reserve management, staff, and other supervisory authorities. Working to justify and gain cooperation from other parties on practices, policies, and procedures.

• Driving quarterly continuous monitoring including meetings with management, and review and analysis of internal risk reports, business plans, committee meeting minutes, and other materials for the assigned institution(s).

• Staying abreast of supervisory developments in the areas of operational risk, internal audit, third-party risk management and resilience.

• Advancing a high standard of operational excellence in executing the supervisory program and associated operational processes.

What we are looking for:

• Experience and advanced understanding of financial markets and banking systems with subject matter expertise in one or more areas, such internal audit, operational risk, third party risk management, and information technology. 

• Strong knowledge of bank operations, with the ability to evaluate the quality and effectiveness of firms’ risk management practices, effectiveness of the governance and controls for managing those risks and compliance with relevant laws and regulations.

• Significant thought leadership, strong decision making and execution abilities. Strong analytical skills, and project management skills, including ability to identify complex issues and underlying causes; turn obstacles into opportunities for improvement; and suggest change as warranted. Flexibility to adapt to new situations.

• Ability to contribute to a team culture where learning, experimentation, and innovation are typically a part of high-quality execution.

• Superior written and oral communication skills, including the ability to listen attentively to various viewpoints, with the ability to synthesize complex ideas and perspectives succinctly and communicate them clearly and persuasively to stakeholders.

• Commissioned examiner and/or Examiner-in-Charge experience preferred; candidate must be willing to enroll in examiner commissioning training upon acceptance of the position.

Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.
 

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

• And more

This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.   

Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job CategoryRisk Management

Work ShiftFirst (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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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