Large Bank Supervisory IT Risk Specialist / Cyber Risk Specialist

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

IT, People & HR, Operations
Philadelphia, PA, USA
Posted on Thursday, July 20, 2023


Federal Reserve Bank of PhiladelphiaJob Description Summary
The Large and Foreign Banking Organizations (LFBO) information technology (IT) risk specialist is a developing subject matter expert in IT and cyber risk governance and controls. The IT risk specialist participates in a variety of supervisory activities for firms generally having an asset size greater than $100 billion with complex operations. The IT risk specialist is also responsible for participating in horizontal review activities relating to cyber risk governance and controls and cyber resiliency exercises for firms supervised by the Federal Reserve System (FRS). Individuals in this role demonstrate developing leadership capabilities and normal supervision.
  • Leads or participates in supervisory events and/or continuous monitoring activities related to IT and cyber risk management within the LFBO portfolio.
  • Works well in teams and collaborates effectively with other risk specialty partners in conducting supervisory activities.
  • Participates in supervisory activities for cyber-related horizontal events conducted for firms supervised by the FRS.
  • Produces strong written products that require minimal editing and adhere to FRS standards and guidelines.
  • Possesses strong presentation skills and can communicate effectively at various levels within an organization.
  • Ensures supervisory activities are completed in accordance with Reserve Bank and Federal Reserve System (FRS) standards.
  • Demonstrates knowledge of IT and cyber-related practices, standards, trends, and issues, and may serve as a resource for examination staff, Reserve Bank management, and management of the supervised institution.
  • Provides expertise to other supervisory portfolios, as well as local and FRS strategic initiatives and projects, as applicable.
  • May coach and mentor less experienced examiners and share knowledge through local and FRS activities.

Additional Responsibilities:

  • Demonstrates developing leadership skills and supports a collaborative and inclusive work environment.
  • Maintains peer networks for horizontal risk comparisons.
  • Manages administrative responsibilities well, including expenses, time keeping, and record retention.
  • Demonstrates effective Core competency skills at related levels, both internally and externally.
  • Accountable for adherence to Custody Control Principles and Standards; the Information Security Manual; and all other Bank/Departmental control procedures to include Committee on Sponsoring Organizations guidelines.
  • Complies with all applicable information security policies, guidelines, and practices.

Subordinates: None

Scope Measurements: None

Education and Experience:

  • Bachelor's degree required. Master's Degree in computer science or related field preferred.
  • Commissioned by the Board of Governors (BOG) or possesses a commission from a federal banking supervision agency, or agreement to pursue a commissioning preferred.
  • Minimum of six years of IT or cyber risk experience. Experienced with auditing or managing IT security and technical controls using industry standard framework. Experienced in regulatory/government agencies, financial services and/or technology service providers preferred.
  • Candidates with information security certification preferred (e.g., CISA, CRISC, CISM, CISSP).

Knowledge and Skills:

  • Excellent interpersonal and organizational skills.
  • Ability to handle multiple assignments and projects in an efficient, effective manner.
  • Strong PC skills, using standard word processing and spreadsheet applications.
  • Ability to analyze financial and business information and to draw conclusions supported by analysis. Strong communication skills, both oral and written.

Other Requirements:

  • Valid Driver's license.
  • U.S. citizenship required.
  • Ability to travel up to 50 percent of the time.

Physical Requirements:

Ability to sit, enter data, and verify data at a personal computer for extended periods of time.

Other Details:

Applicants must be able to provide work authorization to prove their eligibility to work in the United States. An applicant for employment also must be a U.S. Citizen, U.S. National or U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are permanent residents must sign a declaration of intent to become a U.S. citizen when eligible to do so and pursue a path to citizenship.

The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer eight employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Working Families and Veterans. ERGs are open to all employees and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.

We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment.

A requirement of this position is that you will be fully vaccinated against COVID-19 or qualify for a medical or religious accommodation.

All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the Bank's Employee Code of Conduct to ensure compliance with conflict-of-interest rules and personal investment restrictions.

Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as “safety sensitive” will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation.

All employees 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, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities 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.

This is not a 100% remote opportunity. You will be available to work on-site in at least a hybrid capacity.

Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed.

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


Job Category

Bank Examination

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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