Company

Federal Reserve Bank of ChicagoFederal Reserve Bank
The Federal Reserve Bank of Chicago is one of 12 regional reserve banks in the United States. These banks, along with the Board of Governors in Washington, D.C., make up the nation's central bank, which is dedicated to fostering a sound economy and stable financial system.
The Fed’s culture is defined by passionate, respectful, and diverse voices collaborating toward common goals. We believe inspiration comes from working alongside smart, inventive, and empowered professionals. In fact, some of our most innovative and strategic contributions have come from within our teams, leveraging technology and talent from across the Federal Reserve System. And we’re fostering a culture of curiosity and professional development.

Job Summary:
This position plays a key role in collaborating with technology professionals to fulfill our mission to strengthen and protect our economic, financial and payments systems.
The risk management specialist will be part of a team that examines business operations, governance, risk management, information technology, cyber security and audit program of regional service providers that provide services and products to financial institutions and are regulated by the Federal Reserve System. The risk management specialist will prepare, review, monitor, and execute risk-focused information technology supervisory activities by following the Federal Financial Institutions Examination Council's (FFIEC) booklet, "Supervision of Technology Service Providers". Through oversight of service providers, the team helps ensure that safety and soundness concerns that could impact broad range of financial institutions are identified and remediated on time.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your career growth—along with a wide range of benefits and perks that support your health and financial well-being.

Your Responsibilities:

• Understand the supervision processes, execute risk-focused supervisions, on-time deliver examination products
• Assess the adequacy of risk management framework, systems and procedures, and compliance with laws and regulations
• Conduct critical data analyze, identify potential issues, develop actionable recommendations, deliver important communications to a broad range of stakeholders, and monitor remediation of supervisory issues
• Plan, lead, and coordinate technology examination as Examiner in Charge on the interagency service provider examinations
• Develop relationships within the team, division, department and other federal banking agencies

Your Background:

• Bachelor's degree, relevant accreditation, or equivalent experience
• Four plus years of direct work-related experience in some of the following topical areas: bank examination, risk management framework, IT control assessment, cyber security and IT audit
• Solid written and oral communication abilities
• Ability to work effectively in a team environment across teams and federal banking agencies
• Ability to think strategically, act inclusively and bring a broad perspective
• Ability to travel up to 50%

Location: This position is a Hybrid position located across the 7th District- Chicago, IL; Detroit, MI & Des Moines, IA

What we offer:

• Comprehensive benefits package includes medical, dental, vision, prescription coverage; 401k thrift plan, retirement plan; paid time off, transportation benefit, onsite gym and employee assistance program
• Tuition assistance program, parental leave

Other Requirements:

• Ability and willingness to travel up 50%.
• This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and 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 not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo applicable background checks and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. Citizen and pursue a path to citizenship.
• As a condition of employment, Federal Reserve Bank of Chicago 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 official if necessary.
• This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status

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.

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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