IT Risk Management Associate

2 weeks ago


Butler, Pennsylvania, United States Federal Reserve Bank of Philadelphia Full time

Company:
Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., constitute the Federal Reserve System.

This institution plays a crucial role in shaping and executing monetary policy, overseeing banks and bank holding companies, and delivering financial services to depository institutions and the federal government.

The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

The Supervision, Regulation and Credit (SRC) department of the Federal Reserve Bank of Philadelphia is responsible for overseeing banks in the Third District.


Objectives of Supervision:
Assess and enhance the overall safety and soundness of supervised entities.
Ensure adherence to relevant laws and regulations by supervised institutions.
Promote the stability of the financial system of the United States.
Support the growth and stability of the U.S. economy.

Your Role as IT Risk Specialist:

Lead or engage in examinations and monitoring activities to evaluate the effectiveness of financial institutions' information technology (IT) and cybersecurity frameworks, and validate remediation efforts for identified issues.

Develop supervisory plans that are relevant and effective, taking into account the size and complexity of the financial institution under review.

Create informative and well-supported supervisory documents and work papers, effectively communicating complex supervisory findings and required actions to senior management and boards of directors.

Analyze IT and cybersecurity risk management programs and threat intelligence reports to assess risk and potential impacts on financial institutions and the broader financial services sector.

Contribute to and lead initiatives aimed at developing effective supervisory policies, guidance, and thought leadership.

Provide coaching, training, and mentorship to less experienced colleagues.

What We Are Looking For:
Direct experience in auditing or risk management, particularly in IT/cybersecurity controls. Advanced understanding of common frameworks such as FFIEC, NIST, and ISO.
Industry-recognized information security certifications (e.g., CISA, CRISC, CISM, CISSP) or equivalent credentials are preferred.
Experience in regulatory or governmental agencies or financial services is advantageous.
Strong critical thinking and decision-making capabilities.

Excellent analytical, written, and verbal communication skills, including strong presentation, negotiation, and influencing abilities when interacting with management, boards of directors, and other regulatory bodies.

Ability to collaborate on cross-functional teams with various stakeholders under tight deadlines.
Maintain a continuous awareness of current and emerging technologies.

Additional Responsibilities:
Exhibit developing leadership skills and foster a collaborative and inclusive work environment.
Maintain peer networks for horizontal risk comparisons.
Effectively manage administrative responsibilities, including expenses, timekeeping, and record retention.
Demonstrate effective core competency skills at related levels, both internally and externally.
Adhere to all applicable information security policies, guidelines, and practices.

What You Have:

Education and Experience:
A Bachelor's degree is required. A Master's degree in cybersecurity, information technology, computer science, or a related field is preferred.

Commissioned by the Board of Governors (BOG) or possess a commission from a federal banking supervision agency, or agreement to pursue commissioning is preferred.

A minimum of three years of experience in IT or cyber risk management. Familiarity with auditing or managing IT security and technical controls using industry-standard frameworks is essential.
Experience in regulatory/government agencies, financial services, and/or technology service providers is preferred.

Other Requirements:
A valid driver's license.
U.S. citizenship is required.
Willingness to travel up to 50% of the time, including potential overnight travel.
The grade for this position is: 13/15.

We Offer a Comprehensive Benefits Package That Includes:
Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period.
401k/Thrift Plan with generous employer match.
Employer-funded Pension Plan.
Paid Vacation/Sick Time & Holidays.
Monthly $100 Commuter Allowance.
Flexible Spending Accounts and Healthcare Spending Accounts.
Flexible Work Schedule available in most departments.
Life Insurance and Long Term Disability Insurance.
Tuition Reimbursement (undergraduate and graduate).
Parental Leave.
Free onsite 24/7 Fitness Center including training classes, Peloton bikes, and locker room/shower facilities.
Onsite Cafeteria & Coffee Shop.
Additional Convenience Benefits, Discounts, and More...

Additional Information:


The Federal Reserve Bank of Philadelphia is committed to diversity, equity, and inclusion among our employees, which is essential to our success as an organization. We aim to recruit, develop, and retain the most accomplished individuals from a diverse candidate pool.

To foster a workplace culture of belonging, we offer eight employee resource groups (ERGs) and have achieved a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index.

The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.

We ensure that individuals with disabilities receive reasonable accommodations to participate in the job application or interview process, perform essential job responsibilities, and enjoy other benefits and privileges of employment.

All employees must comply with the Bank's ethics rules, which generally prohibit ownership of securities, such as stock, of banks or savings associations or their affiliates.

Background investigations and drug testing are required for all new hires as a condition of employment, following a job offer.

This position is not fully remote; candidates will be expected to work on-site in at least a hybrid capacity.

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.



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