Information Technology Risk Advisor

2 weeks ago

Dorchester Center, United States Federal Reserve Bank of Cleveland Full time
Company
Federal Reserve Bank of Cleveland

As a member of the Cleveland Fed team, you will play a vital role in fostering sound economic growth and financial stability across the region and the nation. Your contributions will extend to conducting economic research, engaging in monetary policy development, supervising financial institutions, and enhancing community economic well-being through various initiatives. The Cleveland Fed is one of 12 Reserve Banks, serving parts of the Midwest, and our mission is driven by our core values: diversity, equity and inclusion, innovation, integrity, and leadership.

This position offers a hybrid work schedule, requiring some on-site presence. The selected candidate is expected to reside within the district unless otherwise specified. Travel may be necessary for this role.

The Information Technology (IT) Risk Management Analyst will participate in evaluations and assessments that measure the effectiveness of IT risk management strategies primarily for significant financial institutions within the large and foreign banking organization (LFBO) portfolio overseen by the Federal Reserve System. As part of a dedicated supervisory team, you will analyze information technology risk exposures and the risk management frameworks of the institution through on-site assessments and ongoing monitoring of business operations to ensure compliance with relevant banking laws, regulations, and policy guidelines.

The IT Risk Management Analyst will employ sound analytical skills to formulate conclusions and recommendations on intricate issues, enhancing the effectiveness of management and risk management protocols. Through these recommendations, you will negotiate and influence actions while resolving any conflicts that may arise. You may also engage in cross-institutional reviews in your area of expertise, providing leadership or coordinating support for national supervisory program management. Additionally, you will share knowledge with local and System peers, demonstrating accountability and openness to performance feedback and diverse perspectives.

Key Responsibilities:
  • Oversee and support the management of information technology risk at a large, complex institution. Maintain communication with Dedicated Supervisory Team staff, institution management, other regulatory bodies, and System risk specialists.
  • Lead or participate in targeted assessments, evaluations, and special projects related to information technology risk. Exhibit strong judgment and well-reasoned decision-making in complex situations that may involve public scrutiny and market reactions.
  • Assist in the development of comprehensive risk assessments and supervisory strategies, including the evaluation of examination scopes and findings. Provide briefings to senior Federal Reserve personnel and others in the supervisory community.
  • Prepare detailed, well-supported supervisory documents and work papers addressing complex supervisory findings, including necessary actions for senior management and boards of directors.
  • Deliver written analyses and presentations on institution-specific and broader industry trends or emerging risks.
  • Assess developments affecting the institution's risk profile through analysis of internal risk management reports and interactions with institution management.
  • Maintain expertise in information technology (including cybersecurity) risk. Identify emerging institutional, regional, economic, and industry issues and their potential implications.
  • Stay informed about relevant regulations, laws, trends, and ongoing developments in information technology and the broader financial services sector.
  • Contribute as a team player by leading or participating in high-level projects, workgroups, and strategic initiatives. Enhance understanding of the latest risk management practices and changes in policies, procedures, tools, or guidance on a System-wide basis.
  • Demonstrate personal accountability and receptiveness to constructive feedback to foster a positive work environment.
Education and Experience:
  • A Bachelor's degree is required.
  • A minimum of 10 years of relevant experience in the financial industry or regulatory environment.
  • Preferred industry certifications include CISSP, CISA, CISM, CCSP, etc.
Desirable Knowledge and Skills:
  • Advanced technical knowledge of IT and information security risk management programs, measurement tools, models, control frameworks, and risk indicators utilized for decision-making on IT/cybersecurity risks.
  • Ability to evaluate a wide range of an institution's IT and information security framework, including risk management and compliance programs, payment processing activities, custody services, investment management, and operational resilience.
  • Proven effective written and verbal communication skills, with the ability to convey technical topics in clear terms that non-technical stakeholders can easily understand.
Our total rewards program offers benefits that cater to your needs at every stage of your career:
  • Comprehensive healthcare options (Medical, Dental, and Vision)
  • 401K match and a fully funded pension plan
  • Paid vacation and holidays; flexible work environment
  • Generously subsidized public transportation
  • Annual tuition reimbursement
  • Professional development programs, training, and conferences
  • And more...
The Federal Reserve Bank is dedicated to fostering a diverse, equitable, and inclusive workplace, providing equal employment opportunities to all individuals without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

This position requires access to confidential supervisory information, which is limited to "Protected Individuals" as defined in U.S. federal immigration law. Protected Individuals include U.S. citizens, U.S. nationals, and U.S. permanent residents who meet specific eligibility criteria. Candidates who are not U.S. citizens or permanent residents may be eligible for the required information access and sponsorship for a work visa, provided they meet other eligibility requirements.

All employees assigned to this position will undergo background checks at regular intervals. All candidates must comply with applicable information handling rules.

The above statements aim to describe the general nature and level of work required for this position. They are not exhaustive lists of all duties, responsibilities, or skills associated with this role. Management reserves the right to revise this or any job description at its discretion at any time.

Full Time / Part Time
Full time

Regular / Temporary
Regular

Job Exempt (Yes / No)
Yes

Job Category

Work Shift
First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees are critical to our success as an organization, and we seek to recruit, develop, and retain the most talented individuals 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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