Federal Reserve IT Risk Specialist
4 weeks ago
As an IT Examiner/Risk Specialist at the Federal Reserve Bank, you will play a critical role in evaluating the effectiveness of IT/cyber risk management practices for community and regional banking organizations, and other supervised entities. Your expertise will be essential in assessing organizations' risk management programs and regular business activity practices through onsite examinations and continuous monitoring efforts to ensure safe and sound operations as well as compliance with applicable banking laws, regulations, and policy statements.
Key Responsibilities- Perform and/or lead supervisory activities for financial institutions or other supervised entities, which are designed to assess key IT and cyber-related risk exposures and corresponding risk management practices.
- Develop and maintain expertise in IT (including cybersecurity) risk, as well as supervisory expectations, industry practices, and emerging financial industry technology, such as Fintech and cloud-based activity.
- Synthesize information from multiple sources to identify industry trends and emerging issues, as well as engage in challenging discussions with executive level management and boards of directors, to evaluate risks and risk management processes within supervised organizations.
- Apply sound supervisory judgment and consider multiple viewpoints to formulate appropriate supervisory conclusions and recommendations based on large amounts of subjective, and potentially conflicting, or sensitive information.
- Assimilate and prioritize supervisory issues from multiple disciplines to support a comprehensive and integrated supervisory assessment by coordinating, collaborating, and building consensus with all stakeholders around the impact of specialized risk areas on the overall assessment of the organization.
- Provide well-supported written conclusions and findings for inclusion in supervisory reports and effectively communicate supervisory findings, including required actions, to organization and Reserve Bank management.
- Knowledge and experience normally acquired through a bachelor's degree and a minimum of two years of financial industry or regulatory work experience, or 10+ years of applicable work experience without a college degree.
- Examiner commission is a plus but not required.
- IT-related certifications such as CISSP, CISA, CISM, and CCSP are strongly desired.
- Proficient technical knowledge of IT and information security risk management programs, measurement tools, models, control frameworks, and risk indicators used to make decisions on IT/cybersecurity risks for an organization.
- Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.
- Must be able to travel.
The Federal Reserve Bank is 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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