Cyber/IT 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’s flexible work model supports balancing the demands of work and life, while prioritizing the value of connecting and collaborating with our colleagues in person. Employees are expected to live within a commutable distance of their primary work location to support team collaboration.

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 serve as a subject matter expert and lead examinations and contribute to supervisory assessments of FMUs and technology service providers (TSPs), and develop cross-firm analyses of financial stability issues related to cybersecurity risks and resiliency. The role will include to identify and assess the effectiveness of supervised entities’ management of cybersecurity and IT risk management programs and associated management of information systems to ensure they are operating in a safer and sound manner and complying with applicable laws, regulations, and policy statements.

As a member of the FMIF Risk & Analysis team you will work closely with other information technology (IT), cybersecurity, and operational risks specialists to develop cross-institutional perspectives on sound risk management practices in these risk disciplines.

Core responsibilities include:

• Lead cybersecurity/IT risk 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 cyber/IT risk management practices.

• Prepare well-supported supervisory products on firm specific cybersecurity/IT 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 FMUs and TSPs, and present periodic updates to the FMIF management team.

• Investigate, analyze, and respond to cybersecurity incidents impacting supervised entities in accordance with FMIF’s incident communication playbook.

What we are looking for:

• Relevant experience in cybersecurity, management oversight and governance, and/or strategic planning and policy.

• Proven ability to use industry standard cybersecurity/IT frameworks (e.g., FFIEC, NIST, SANS, etc.) and associated controls with payments systems and clearance and settlement activities.

• A strong collaborator and self-starter with experience working with multiple stakeholders.

• Experience working in regulatory/government agencies or financial services is ideal.

• Excellent project management and time management skills, including managing multiple projects with limited oversight while adapting to changing priorities.

Salary Range: $159400-$235200 / year  

We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences