LFBO Specialist / Senior Specialist - Examinations

Company

Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides 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 Large and Foreign Banking Organizations (LFBO) risk specialist has strong knowledge of risk management practices related to financial risks and governance and controls at large financial institutions. The risk specialist participates in a variety of supervisory activities for firms generally having an asset size greater than $100 billion with complex operations. Individuals in this role demonstrate strong leadership capabilities and technical skills.

The following job descriptions details the requirements for a LFBO Senior Specialist - Examinations. Applicants with less experience or education may be considered for LFBO Specialist - Examinations position.

What You Will Do:

Operational Principal Duties and Responsibilities:

• Has strong knowledge of operational risk factors, including payments, fraud, vendor risk management, project management, first and second line controls, internal audit, compliance, broker/dealer activities, and common governance, reporting, and monitoring methods employed by large financial organizations.
• Assesses operational risk and governance and controls at financial institutions in the LFBO portfolio.
• Participates in supervisory events and/or continuous monitoring activities related to operational risk and governance and controls, in general.
• Works well in teams and collaborates effectively with other risk specialty partners in conducting supervisory activities.
• Participates in supervisory activities for cross-firm events conducted for firms supervised by the FRS, when applicable.
• Produces strong written products that require minimal editing and adhere to FRS standards and guidelines.
• Possesses strong presentation skills and can communicate effectively at various levels within an organization.
• Ensures supervisory activities are completed in accordance with Reserve Bank and Federal Reserve System (FRS) standards.
• Engages in self-development to grow and enhance technical and leadership skills and abilities.
• Contributes to other supervisory portfolios, as well as local initiatives and projects, as applicable.

Additional Responsibilities:

• Demonstrates leadership skills and supports a collaborative and diverse work environment.
• Manages administrative responsibilities well, including expenses, time keeping, and record retention.
• Demonstrates effective Core competency skills at related levels, both internally and externally.
• Accountable for adherence to Custody Control Principles and Standards; the Information Security Manual; and all other Bank/Departmental control procedures to include Committee on Sponsoring Organizations guidelines.
• Complies with all applicable information security policies, guidelines, and practices.

What You Have:

Education and Experience:

• Bachelor's degree required. Master’s Degree preferred.
• Commissioned by the Board of Governors (BOG), possesses a commission from a federal banking supervision agency, or agreement to pursue a commissioning preferred.
• Ability to make assessments about operational risk management practices and the quality of control environments. 
• Minimum of six years of relevant experience required.

Knowledge and Skills:

• Excellent communication, interpersonal, and organizational skills.
• Ability to handle multiple assignments and projects in an efficient, effective manner.
• Ability to analyze financial and business information and to draw conclusions supported by analysis.

Other Requirements:

• Valid Driver's license required.
• Some travel is required.
• U.S. citizenship required.

Physical Requirements:

• Ability to sit, enter data, and verify data at a personal computer for extended periods of time.

Subordinates:  None

The salary grade for this position is: 15/16. Final salary and offer will be determined by the applicant’s background, experience, and skills