Technology Service Provider 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 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 contri