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Federal Reserve Information Technology Examiner/Risk Specialist

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

IT
Multiple locations
Posted on Friday, January 19, 2024

Company

Federal Reserve Bank of Kansas CityJoining the Federal Reserve Bank of Kansas City means that you’re joining a part of the nation’s central bank and playing a key role in promoting strength and stability in our economy, financial organizations, and payments system. Together, we serve the public and each other in an innovative environment that values the highest ethical standards. Here you’ll find opportunities that challenge you and a path to propel your career, united with a diverse workgroup in a clear and common purpose. We offer a flexible/hybrid work environment and competitive compensation and benefits package to support your health, wealth, and life.

About the Role:

We are looking to fill an Information Technology (IT) Examiner/Risk Specialist position. Our position is open to candidates who can work a hybrid schedule from one of our offices located in Kansas City, Denver, Omaha, or Oklahoma City. The position does require travel for work assignments within the 10th District.

The IT Examiner/Risk Specialist leads and participates in reviews and examinations that evaluate the effectiveness of IT/cyber risk management practices for community and regional banking organizations, and other supervised entities such as service providers. In this position, you will assess organizations’ risk management programs and regular business activity practices through onsite examinations and continuous monitoring efforts to ensure safe and sound operations as well as compliance with applicable banking laws, regulations, and policy statements.

The IT Examiner/Risk Specialist will use sound analysis and reasoning to develop and communicate conclusions and recommendations on complex issues, including evaluating the effectiveness of management oversight and risk management practices. Through the supervisory process, you will influence actions and resolve any conflicts that arise.

Key Activities:

  • Perform and/or lead supervisory activities for financial institutions or other supervised entities, which are designed to assess key IT and cyber-related risk exposures and corresponding risk management practices.

  • Develop and maintain expertise in IT (including cybersecurity) risk, as well as supervisory expectations, industry practices, and emerging financial industry technology, such as Fintech and cloud-based activity.

  • Synthesize information from multiple sources to identify industry trends and emerging issues, as well as engage in challenging discussions with executive level management and boards of directors, to evaluate risks and risk management processes within supervised organizations.

  • Apply sound supervisory judgment and consider multiple viewpoints to formulate appropriate supervisory conclusions and recommendations based on large amounts of subjective, and potentially conflicting, or sensitive information.

  • Assimilate and prioritize supervisory issues from multiple disciplines to support a comprehensive and integrated supervisory assessment by coordinating, collaborating, and building consensus with all stakeholders around the impact of specialized risk areas on the overall assessment of the organization.

  • Provide well-supported written conclusions and findings for inclusion in supervisory reports and effectively communicate supervisory findings, including required actions, to organization and Reserve Bank management.

Qualifications:

  • Knowledge and experience normally acquired through a bachelor’s degree and a minimum of two years of financial industry or regulatory work experience, or 10+ years of applicable work experience without a college degree.

  • Examiner commission is a plus but not required.

  • IT-related certifications such as CISSP, CISA, CISM, and CCSP are strongly desired.

  • Proficient technical knowledge of IT and information security risk management programs, measurement tools, models, control frameworks, and risk indicators used to make decisions on IT/cybersecurity risks for an organization.

  • Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.

  • Must be able to travel.

In some cases, positions require access to confidential supervisory information, access to which is limited to "Protected Individuals" as defined by regulation of the Board of Governors of the Federal Reserve System, 12 CFR 268.205. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and lawful permanent resident aliens (also known as "green card holders") who are eligible for and seeking United States citizenship within the requisite timeframes.

Our Total Rewards program offers benefits that go beyond the basics featuring:

  • Market-leading Medical, Dental, and Vision Insurance

  • Tuition Reimbursement

  • 401k/Thrift Plan

  • Pension Plan

  • Flexible Spending Accounts

  • Life Insurance

  • Vacation & Personal Time

  • Paid Holidays

  • Parental Leave

  • Adoption Assistance

  • Onsite Fitness Center (Kansas City location)

  • Onsite Cafeteria

  • Onsite Garage Parking at No Cost

  • Additional Convenience Benefits, Discounts and More…

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Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

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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