Associate Risk Specialist, LISCC Liquidity Program

Company

Federal Reserve Bank of Boston

As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.

This job is eligible for a hybrid schedule with some on-site work expected. The individual is excepted to reside in the 1st District unless you were given an exception. Travel would be required for this role.

The Federal Reserve Bank of Boston has an opening for a team-oriented, experienced Risk Specialist to join the LISCC (Large Institution Supervision Coordinating Committee) Unit as a member of the LISCC Capital team. The LISCC supervision program is the Federal Reserve’s national supervisory program for the nation’s largest most systemic financial institutions. The program is implemented by hundreds of staff from multiple Reserve Banks and the Board of Governors. The LISCC Capital teams oversee the supervisory work including the Federal Reserve System’s annual Comprehensive Capital Analysis and Review (CCAR), exams, and monitoring work covering a range of business activity for large and complex banking organizations.
 

This job is eligible for a hybrid schedule with on-site work and up to 10% travel expected.  
 

The LISCC Liquidity Program (LP) program focuses on evaluating the liquidity risk management practices and liquidity positions of supervised firms. The Liquidity Risk Analytics Supervising Examiner is responsible for developing and executing elements of the program’s supervisory plan. In this role you will report to the Liquidity Program Lead responsible for the independent review of firm’s liquidity profile and positions and participate on the FRS Liquidity Program’s comprehensive liquidity analysis and review, (CLAR). The successful candidate will need to support and collaborate with an extended group of bank examiners to identify and analyze relevant financial trends, developments, or conditions which may require additional supervisory monitoring or supervisory action. You will help to maximize the understanding of LISCC firms’ quantitative liquidity information within examiner teams and synthesize key insights for senior management. To succeed, you will need to demonstrate intellectual curiosity about global banking and finance risks, have a passion for data analysis, a willingness to work independently on projects and the ability to communicate and collaborate effectively. 

LISCC Liquidity Program Analytics Examiner Responsibilities:

• Act as a Liquidity Program Analytics examiner covering firms within the LISCC institution portfolio.
• Lead or participate in firm specific/horizontal examinations or monitoring events, developing well supported supervisory assessments.
• Present analytical analysis of supervised institutions to Federal Reserve management, staff, and other supervisory authorities.
• Develop knowledge of liquidity risk management practices, risk metrics, risk and data definitions, and underlying concepts; engaging with supervised institutions to investigate trends and test analytical hypotheses.
• Deploy routine and advanced data analytics to highlight, measure, and monitor trends and conditions affecting financial institutions.
• Advance a high standard of operational excellence in executing the supervisory program and associated operational processes.

Education and Experience:

• A Bachelor’s degree is required, with a concentration in business management, finance, accounting, economics or a quantitative discipline preferred.
• Knowledge and experience normally acquired through, or equivalent to, the completion of a Master's degree and a minimum of 7-10 years of commensurate financial industry or regulatory work experience.
   

Desirable Knowledge and Skills:

• Advanced analytical skills, including mining databases and developing analytical tools and processes to gain insights from large and complex datasets. Expertise in python and SQL preferred.
• Expertise in data visualization, Tableau is preferred.
• Demonstrated ability to synthesize complex information and clearly communicate analysis, conclusions, and recommendations to non-expert stakeholders.
• Foundational understanding and keen intere