hero



Cyber/IT Policy Associate

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

IT
New York, NY, USA
Posted on Friday, May 3, 2024

Company

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; and

  • 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 U.S. agencies.

The Supervisory Policy and Strategy (SPS) function’s responsibilities are concentrated in three areas. First, staff help to set the strategy around and contribute to the development of international and domestic prudential standards for banking organizations, financial market utilities (FMUs), and payment systems. Second, staff assist with policy implementation and supervision through a variety of means, including delivery of cutting-edge analyses and actively engaging with supervisory colleagues. Third, staff lead Federal Reserve System-wide supervisory efforts related to capital stress testing and cyber resilience and contribute to the oversight of systemically important FMUs

Your role as a Cyber/IT Policy Associate:

As a Cyber/IT Policy Associate, you be a part of a dynamic team responsible for cybersecurity supervisory policy and strategy for supervised financial institutions. The team is composed of five subject matter experts. You and the team will work in partnership with key stakeholders and subject matter experts across the Bank, the Federal Reserve System, and domestic and foreign regulatory agencies and central banks.

The Cyber/IT Policy Associate will support international, interagency, FRS, Cross-Bank and cross-Group efforts to identify cyber policy issues and provide recommendations to strengthen the financial sector’s resilience to cyber risks. The selected candidate will support monitoring of cyber events, risks, and policy developments through communication of incident notifications and communication forums. The candidate will be expected to Demonstrate an understanding of cybersecurity risk and policy and apply this expertise to perform the most complex assignments and develop workable supervisory policy responses.

Core Responsibilities include:

  • Conducts analysis that provide insights into the systemic, current, and emerging cybersecurity risks and trends impacting supervised institutions and the financial services sector.

  • Participates in interagency, FRS, cross-Bank, and cross-Group efforts to develop and advance supervisory policy positions; communicates implication of policy changes.

  • Demonstrates a good understanding of subject matter expertise around cybersecurity risk and policy and how this expertise is applied to develop to workable supervisory policy responses.

  • Develops recommendations on areas where supervisory policies are needed, and proposes responses to identified supervisory policy issues.

What we are looking for:

  • Experience in information security, a working knowledge of financial markets and should have or develop proficiency in business continuity and resiliency; especially as it relates to financial institution cybersecurity matters.

  • Ability to collect information, viewpoints, and analyses from individuals of different expertise and backgrounds, and assimilate them to build consensus, analyze basic issues, develop sound conclusions/decisions and recommendation.

  • Ability to recall and apply various policies and concepts and ensure compliance with banking laws and regulations.

  • Strong oral and written communication skills, including ability to write memoranda, prepare speeches and presentations and be an effective communicator.

Salary Range: $116500 - $171900 / 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.

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.

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

Regular

Job Exempt (Yes / No)

Yes

Job Category

Information Technology

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