Job Description:

Company

Federal Reserve Bank of St. Louis

The Federal Reserve Bank of St. Louis is looking for an IT Risk Specialist to join our team of IT examiners focused on service provider supervision. Under the authority provided in the Bank Service Company Act, the Federal Banking Agencies (Federal Reserve, FDIC, and OCC) jointly supervise technology services provided to financial institutions by certain third-party providers. This includes Significant Service Providers (SSPs), which are systematically important to the financial industry, as well as smaller Regional Service Providers.

As an IT Risk Specialist, you will be responsible for leading and participating in the supervision of SSPs, which includes preparing, reviewing, and executing risk-focused supervisory activities. Through effective oversight of SSPs, you will help ensure that operational and cyber resilience concerns that could impact a broad range of financial institutions are identified and remediated in a timely manner. You would work in either St. Louis, Missouri, or Little Rock, Arkansas, and report to a Supervisory Examiner. Specific grade level will be determined based on the candidate’s experience.

Travel Requirement
This position requires overnight travel, or if in range, commutable travel. You will travel approximately 50 nights per year, averaging 20-30% of workdays within the Eighth Federal Reserve District. It includes overnight stays (up to five consecutive days), travel mostly by vehicle, but some air travel may be involved as well. The St Louis Fed diligently works to provide a positive Work / Life Balance through flexible on-site work arrangements, a compressed work schedule, and periodic work from home opportunities.

Responsibilities

• Plan, participate, and lead supervisory events, which includes target reviews, annual examinations, and continuous monitoring activities, in accordance with Interagency and Reserve Bank guidelines


• Assess the firm’s IT risk management practices related to internal and external audit, board and management oversight, information security, cybersecurity, third-party risk management, development and acquisition, business continuity / disaster recovery, electronic banking, payments, and IT operations


• Develop high quality and timely work products and reports to support your conclusions


• Collaborate with the OCC, FDIC, and State Central Points of Contact (CPCs) to develop and execute supervisory strategies of SSPs


• Communicate examination conclusions to the supervised firm’s management team, Reserve Bank management, interagency stakeholders, and Board staff


• Foster strong relationships with the interagency CPC team, Reserve Bank personnel, Board of Governors, supervised firm management, and other federal and state banking regulators

Qualifications

• Bachelor’s degree or commensurate experience


• Familiarity with common cybersecurity frameworks, information security practices, network architecture, business continuity / disaster recovery practices, IT risk management, and IT audit


• 7+ years’ experience in a large and complex IT environment, that could include a large financial institution, technology service provider, or an IT audit firm


• Certified Information Security Auditor (CISA), Certified Information Systems Security Professional (CISSP), or similar IT-related certification


• Strong verbal and written communication skills to convey information accurately and concisely to various stakeholders


• Well-developed analytical and organizational skills and demonstrated ability to manage multiple projects and deadlines


• Travel overnight 20-30% of the time


• Overnight travel required 20-30% of the year (approximately 50 nights).


• You must live in, or relocate to, the 8th District and work out of our Little Rock, AR, or St. Louis, MO, offices. Relocation incentives are available.


• Hybrid schedule – Must work in the office 3 days per week, when you’re not traveling.


• Not eligible for remote status.


• Candidates with less experience, including the absence of certifications, may be considered at a lower job grade or salary.

Total Rewards

Bring your passion and expertise, and we'll provide the opportunities to challenge you and propel your growth—along with multiple benefits and perks that support your health, wealth, and life.

Salary: 110,000 - 155,000

In addition to competitive compensation, we offer a comprehensive benefits package all brought together in a flexible work environment where you can find balance:

• 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


• 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, and locker room / shower facilities


• Onsite Cafeteria & Coffee Shop


• Additional Convenience Benefits, Discounts and More…

At the Federal Reserve Bank of St. Louis, we believe the Federal Reserve most effectively serves the American public by building a more diverse and inclusive economy. Our commitment to diversity and inclusion, at all levels of the organization, has been one of our core values for many years and remains strong as we continue enhancing our efforts. Learn more about Bank’s culture.

The Federal Reserve Bank of St Louis is an Equal Opportunity Employer.

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 U.S. citizen when eligible.

All employees who require access to CSI and/or FOMC information are subject to periodic background investigations and must comply with all applicable information handling policies.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Credit Risk Management

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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