Senior Large Bank Examiner Cybersecurity Risk Management

Company

Federal Reserve Bank of Chicago

The Federal Reserve Bank of Chicago is one of 12 regional reserve banks in the United States, along with the Federal Reserve Board of Governors in Washington, D.C., which make up the nation's central bank. The Bank is committed to adhering to a culture of excellence, respect, integrity and responsibility.

As part of its core mission, the Supervision & Regulation (S&R) Department of the Federal Reserve Bank of Chicago is responsible for supervising and regulating state-chartered banks that are members of the Federal Reserve System, bank holding companies, and financial holding companies. Organizations within the boundaries of the Seventh District are located within Illinois, Indiana, Michigan, Wisconsin, and Iowa. Our duty is to foster the stability, integrity and efficiency of the nation's monetary, financial and payment systems to promote optimal economic performance.

The Federal Reserve Bank of Chicago’s (FRB-C) Large Financial Banking Organizations (LFBO) Division, which sits within the Supervision and Regulation (S&R) Department, is comprised of banking risk specialists who supervise the largest, most complex domestic and foreign banking organizations within the 7th District. Members of the Large Bank Supervision job family provide supervisory oversight through continuous monitoring and examination activity by engaging with institution executives who have a deep knowledge of their functional or risk area.

LFBO is seeking a Senior Large Bank Examiner to work within a dedicated supervisory team responsible for supervising the safety and soundness of a global, complex firm. The position will be responsible for overseeing information technology, information security, and cybersecurity risk at the firm. Knowledge of network controls, logical security, threat and vulnerability management, and resiliency at large, complex financial organizations would be beneficial. The individual will be responsible for supervisory assessments and examinations over these areas as well as lead the team’s involvement in coordinated horizontal examinations across the Federal Reserve System. An ability to effectively coordinate with other domestic and global regulators is a key aspect of this role.

The level of work is considered advanced, and the qualified candidates must be able to work under minimal supervision. This position has no direct reports.

Your Responsibilities

• Consult and serve as an initial contact and subject matter expert in relation to the firm’s information technology and cybersecurity risks.
• Analyze and understand the firm’s information security and cybersecurity risk profile and the firm’s effectiveness in managing the risk environment.
• Assist in developing firm risk assessments and supervisory strategies.
• Prepare and deliver clear, well-supported, and persuasive findings in formal written and verbal presentations on supervisory conclusions and relevant issues to financial institution and senior Reserve Bank management.
• Perform ongoing supervision by leading meetings with firm management and reviewing firm-submitted materials to ensure objective and timely assessment of information technology and cybersecurity risks.
• Consolidate and analyze information from multiple sources to identify industry trends and new issues. Identify the effects of these trends, both at the micro and systematic levels and propose approaches to identified issues.
• Develop and maintain an awareness of potential changes to key rules, laws and regulations, and supervisory policies.
• May lead and/or participate in other supervisory activities across the team or department.
• Build and maintain strategic working relationships and networks with both internal and external stakeholders, such as other Reserve Banks, the Board of Governors, and other domestic and global regulatory agencies. This also includes developing relationships, while maintaining independence, with institution management to further supervisory efforts.

Your Background

• Bachelor's degree or equivalent experience.
• Seven plus years of direct work-related experience
• Certified Information Systems Auditor (CISA) or Certified Information Systems Security Professional (CISSP) is preferred.
• Experience in Large Bank Supervision is preferred.
• Federal Reserve System Examiner Commissioning or progress towards preferred.

• Expertise in information technology, information security and/or cybersecurity within the banking environment is preferred.
• Demonstrate independent and critical thinking and decision-making abilities as well as have strong written and oral communication skills.
• Possess the ability to provide guidance and constructive feedback to less experienced staff.
• Possess strong t