Capital Markets Risk Supervising Examiner

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

New York, NY, USA
Posted on Thursday, April 11, 2024


Federal Reserve Bank of New YorkWorking 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, including consumer protection

  • 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 an individual firm and other professionals focused on analytical, policy and risk matters. Supervision is coordinated with other US agencies.

The Large Institution Supervision Coordinating Committee (LISCC) Program function is responsible for executing the LISCC supervisory program (covering Capital, Governance and Controls, Liquidity, Recovery and Resolution Planning, and Monitoring and Analysis) for domestic global systemically important banks (G-SIBs). This supervision is accomplished through close coordination and in partnership with LISCC Dedicated Supervisory Teams (LISCC - DST) assigned to supervise individual firms, other Group business leaders, as well as LISCC leadership at the Board of Governors and other Federal Reserve Banks.

The LISCC Capital Program is the Federal Reserve’s national supervisory program for the nation’s largest most systemic financial institutions. The Program is overseen by the LISCC Operating Committee (OC) and is executed by hundreds of staff from Reserve Banks and the Board. The LISCC Capital Program is the component that assesses the capital adequacy, capital planning, and financial risk management and controls of the largest bank holding companies on a forward-looking basis. The Capital Program is led by the Capital Steering Committee (SC) and Program Leadership Group (PLG).

Your role as a LISCC Capital Markets Risk Supervising Examiner:

As a LISCC Capital Markets Risk Supervising Examiner, you will work in a dynamic, team environment and play an important role in helping the Federal Reserve carry out its regulatory responsibilities. The Capital Markets Risk Supervising Examiner will serve as the market and counterparty credit risk expert responsible for evaluating and monitoring the inherent risk level and risk management/control frameworks of complex financial institutions with respect to trading activities. Team Member will also collaborate with LISCC firms’ dedicated supervisory teams (DST) and other LISCC programs to ensure that planned examination activities are reflected in supervisory plans for the year.

Team Members are responsible for monitoring and examining specific areas of risk in the day-to-day execution of the LISCC Capital Program, a year-round supervisory program that assesses the capital adequacy, capital planning, and financial risks and controls of the largest bank holding companies on a forward-looking basis, and identifies areas that warrant further supervisory attention.

  • Examination entails leading and/or contributing to firm-specific and horizontal supervisory reviews in the areas of governance, strategy, financial condition, independent risk management, internal controls (including Internal Audit), and business line management.

  • Monitoring requires team members to identify and explore emerging risk topics and conduct in-depth reviews of key risks areas, providing timely insights about material risk developments in counterparty credit and market risks to Federal Reserve System stakeholders, based on deep subject-matter expertise in key traded products and businesses.

Core responsibilities include:

  • Leading or participating in firm specific and horizontal examinations; developing well supported supervisory assessments. Presenting examination results to supervised institutions, Federal Reserve management, staff, and other supervisory authorities.

  • Developing well written and synthesized monitoring reports, conclusion memos, and presentations for senior stakeholders, with minimal oversight.

  • Driving monitoring regimes 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 area of capital markets and counterparty credit risk management and proactively monitor market in key risk areas via a range of external (e.g., firm MIS, news, etc.) and internal information sources to identify and monitor emerging risk topics for further exploration.

  • Building and maintaining relationships with supervisory teams and other risk specialists and proactively collaborating with internal/external supervisory colleagues to arrive at a shared understanding of supervised firms’ material issues, emerging risks, and remediation progress.

  • Actively providing guidance, mentoring, coaching, and training to other employees within the job area, and managing major/complex projects, including delegation of work and review of work products.

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

What we are looking for:

  • Advanced expertise in capital markets and traded products risk management, particularly related to market and counterparty credit risk.

  • Excellent collaboration skills with an ability to build deep, productive working relationships and promote an inclusive culture that values learning and agility, curiosity, and sharing of diverse perspectives among the supervisory stakeholders to identify optimal outcomes.

  • Excellent written and verbal communication skills and ability to listen attentively to various viewpoints, synthesize varying perspectives and communicate highly complex issues to a wide range of audiences. Ability to apply, explain, summarize, and synthesize complex regulatory, financial and analytical concepts, to communicate clearly key issues and priorities and persuasively to stakeholders.

  • Ability to undertake supervisory activities under limited guidance and with extensive autonomy and discretion, prioritize and multi-task, quickly assimilate new information, produce sound analysis, and invite challenge to ensure all angles of an issue are explored as part of the decision-making process.

Salary Range: $155400 - $229300 / year

We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.

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.


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.

The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.

The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, pregnancy, or military service.

We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.org and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


Job Category

Risk Management

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.

Privacy Notice