Financial Risk Supervising Examiner

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 Large and Foreign Banking Organization (LFBO) function is responsible for monitoring and assessing the safety and soundness of three large domestic firms and all foreign-owned firms with U.S. operations (FBOs) in the Second District.

Your role as an Institutional Supervision Supervising Examiner:

This role is on the Dedicated Supervisory Team (DST) covering large foreign banks, with a focus on financial risk management, specifically capital management and liquidity risk. As a Supervising Examiner focused on the firm’s financial risk profile, you will assist in executing the assigned elements of the DST’s supervisory plan by participating in and leading examinations and conducting ongoing assessments of the firm; communicating supervisory messages; and developing supervisory assessments. You will contribute to financial risk assessments, and on an ad-hoc basis, may contribute to related coverage areas in governance and controls. You will also partner and work closely with specialists in various risk disciplines and other DST members across the Federal Reserve System (FRS) in a highly collaborative environment.

Core responsibilities include:

• Leading or participating in firm specific and horizontal examinations and monitoring activities that may include, but are not limited to, liquidity risk, capital management, credit risk, market risk and associated business lines, data management, governance, and risk control disciplines.

• Developing well-supported supervisory assessments, and presenting examination results to supervised institutions, Federal Reserve colleagues, and other supervisory authorities.

• Driving continuous monitoring including meetings with management, review and analysis of internal reporting, board of director materials and meeting minutes, and related materials for the supervised institution.

• Building and maintaining relationships with other supervisory teams and risk specialists and proactively collaborating with supervisory colleagues within the FRS and other relevant agencies to arrive at a shared understanding of the firm’s material issues, emerging risks, and remediation progress. Actively providing guidance, mentoring, coaching, and training to other employees when leading examinations or projects, and managing major/complex projects, including delegation of work and review of work products.

• Advancing a high standard of operational excellence in executing the supervisory program and associated operational processes.

What we are looking for:

• Regulatory or industry experience at large complex financial institutions and/or an ability and willingness to learn about complex regulations, including supervisory expectations and findings.

• Expertise in (at least) one area of financial risk management and controls including capital management and liquidity risk management.

• Ability to undertake supervisory activities under limited guidance, prioritize and multi-task, manage and interpret data and quickly assimilate new information, and produce sound analysis.