Global Systemic Banking Risk Specialist
Federal Reserve Bank of Minneapolis
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
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 Supervisory Coordinating Committee (LISCC) Supervision Program is the Federal Reserve’s national supervisory program for the largest and most systemically important financial institutions. The LISCC Dedicated Supervisory Team (DST) executes firm-specific examinations and monitoring in coordination with the national programs, maintains a broad-based understanding of the safety and soundness of their assigned firm, and recommends supervisory plans and ratings. Each DST partners with national programs (Capital, Governance and Controls, Liquidity, Resolution and Recovery Planning) to plan and execute on monitoring and assessments of their supervised firm.
Your role as Institutional Supervision Supervising Examiner:
Lead or participate in firm-specific reviews with LISCC program partners, providing DST insights in advance and throughout the examination, and presenting examination results to both internal and external stakeholders.
Drive continuous monitoring activities across businesses, legal entities, and risk or control functions, including leading meetings with management, reviewing relevant firm documents, and analyzing and sharing key takeaways, themes and trends.
Collaborate and build relationships with DST function, LISCC program partners, other Federal Reserve management and other supervisory authorities.
Develop and maintain productive engagement with key contacts at the firm to discuss, investigate, understand and influence various topics relevant to the DST and LISCC Program.
Contribute to the assessment of the firm’s annual assessment and ratings by:
Leveraging information gathered over the supervisory cycle from firm-specific examinations and/or horizontal reviews, and other monitoring activities
Identifying the main ratings drivers of risk and performance, and the firm’s resilience to risk taking activities
Drafting language to help build a comprehensive vertical view of the supervised firm’s progress over the year.
Contribute to cross-firm perspectives in conjunction with DST peers as well as LISCC program partners.
What we are looking for:
Ability to lead or participate in firm specific and horizontal examinations and develop clear and well supported supervisory assessments.
Supervisory or industry experience in investment banking and/or global markets trading businesses including experience in financial and/or non-financial risks, such as market risk, credit risk, operational risk, compliance risk, internal audit and IT/Cyber.
Working knowledge of relevant supervisory standards pertaining to financial risks and non-financial risk management practices at large financial institutions.
Excellent project management, communication, interpersonal, and collaboration skills.
Commissioned examiner or willingness to enroll in examiner commissioning training upon acceptance of the position.
Limited travel may be required for examinations, training, and meetings.
Salary Range: $159400-$235200 / 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 timeRegular / Temporary
RegularJob Exempt (Yes / No)
YesJob Category
Supervisory/ManagementWork 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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