Job Description:

Company

Federal Reserve Bank of New York

Working 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, including consumer protection




• 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 Financial Market Infrastructure Function (FMIF) in the Supervision Group supervises systemically important Financial Market Utilities (FMU) and firms providing technology services to banks, as well as leading complex, multi-year cross-portfolio projects related to market infrastructure reform and resilience.

Your role as a Cyber/IT Risk Supervising Examiner:

You will lead examinations and contribute to supervisory assessments of technology service providers (TSPs) to ensure firms are operating in a safe and sound manner, while complying with applicable banking laws, regulations and policy statements. The role will lead a group of field examiners comprising of members from the Federal Reserve Systems (FBS), including the Board of Governors (BoG), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC), to identify and assess the effectiveness of supervised entities’ management of relevant risk programs and associated management of information systems.

Core responsibilities include:

• Lead examinations and contribute to cross-firm horizontal reviews and projects.




• Build inclusive collaborative relationships with different supervisory teams, policy staff and other regulators to inform overall assessment of entities firm-wide risk management practices.




• Prepare well-supported supervisory products on firm specific risks and emerging industry trends.




• Effectively communicate complex supervisory findings, including required actions to various internal and external stakeholders.




• Maintain knowledge of the latest threats/vulnerabilities and risk management practices and its effects on TSPs and present periodic updates to the FMIF management team.




• Investigate, analyze, and respond to cybersecurity incidents impacting supervised entities.

What we are looking for:

• Relevant experience in management oversight and governance, risks, cybersecurity, and strategic planning and policy.




• Strong preference with experience with risks and controls aligned with the financial services industry.




• Proven ability to use industry standard cybersecurity/IT frameworks (e.g., FFIEC, NIST, SANS, etc.).




• A strong collaborator and self-starter with experience working with multiple stakeholders.




• Excellent project management and time management skills, including managing multiple projects with limited oversight while adapting to changing priorities.




• Experience working in regulatory/government agencies ideal.




• Limited travel may be required for examinations, training, and meetings.

Salary Range: $155400- $229300 / 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 time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Information Technology

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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