S&R Risk Specialist

Overview

Federal Reserve Bank of Atlanta. As an employee of the Atlanta Fed, you will help support our mission of promoting the stability and efficiency of the U.S. economy and financial system. The Bank believes in flexibility to balance the demands of work and life, with onsite work an essential function of this position according to the schedule set by management.

The Federal Banking Agencies (FBAs) jointly conduct the supervision of technology services provided by certain third-party service providers under the Bank Service Company Act (BSCA). The SP Program includes third-party service providers deemed systemically important to the banking system. The SP portfolio is looking for a highly motivated individual to join the Portfolio Coordination Group (PCG), which supports governance and oversight responsibilities of the Federal Reserves SP portfolio.

The PCG team coordinates supervisory program execution to ensure portfolio-wide transparency and consistency in a manner aligned with strategic direction, priorities and plans. The PCG Risk Specialist collaborates with dedicated supervisory teams and SP program leadership to provide firm oversight and will be asked to contribute/lead SP portfolio projects that align with strategic initiatives. The ideal candidate will have prior supervisory experience in operational resiliency, information technology, and/or cybersecurity areas.

This position will report functionally to the PCG Lead, with administrative reporting through the Federal Reserve Bank of Atlanta.

• Contribute to the review of SP examinations and provide feedback to firm Central Points of Contacts (CPCs) and program leadership.
• Support the review of supervisory plans on SPs for effective risk-based supervision factoring in size and complexity of portfolio firms.
• Provide effective challenge of key work products such as supervisory plans/strategies, exam scopes, conclusion memos, and examination deliverables.
• Prepare MIS and deliverables that contribute to portfolio-wide views for key stakeholders.
• Lead or contribute to initiatives to improve SP supervision and assist with the vetting and preparation of supervisory strategies, significant findings, and ratings.
• Work across FBAs to contribute to the identification of common areas of supervisory focus and potentially assist with developing examination scopes and work programs.
• Contribute or lead special projects that could cover cybersecurity, resiliency, quantum computing, artificial intelligence, and/or digital assets.
• Help implement and socialize any SP program enhancements and/or policy changes.
• Help coordinate incident response, threat and vulnerability monitoring.

• Strong knowledge of supervision and the examination process.
• Technical understanding of operational and cyber resilience, cloud security, third-party risk management and legal and policy mandates in the financial sector that pertain to third-party risk management and cybersecurity risks and industry standards and guidance (FFIEC IT Handbook and NIST CSF).
• Previous SP supervision experience is a plus.
• Strong critical thinking, analytical and data analysis skills.
• Proven ability to effectively influence outcomes and build consensus across multiple stakeholders.
• Ability to combine risk analysis with sound judgement in proposing recommendations.
• Ability to engage and influence cross-functional teams and work collaboratively with internal and external teams.

Bachelor's Degree or 4 years equivalent experience;
Bachelor's Degree preferred.

Minimum 5 years of experience in at least some of the following domains:

• Cyber Security and IT Risk management
• Cloud/IT Infrastructure
• IT Audit, IT examination, or supervision
• Artificial Intelligence
• Operational resilience, governance and controls
• Third Party Risk Management
• Payment systems (including digital assets)
• Core banking services

Familiarities with –

• FFIEC, NIST, SANS and ISO standards and frameworks
• Information security, cybersecurity, and risk management principles
• Supervision handbooks

Certified in CISSP, CISA, CISM, and/or industry certification is a plus. Commissioned examiner also a plus.

• Work Location:
  
  Within commuting distance of the Federal Reserve Bank of Atlanta (including branches in Jacksonville, Miami, and Birmingham) or another Federal Reserve Bank.
• Full-time.
• Travel:
  Occasional travel might be expected with an expected range between 10% - 20%.

• Comprehensive healthcare options (Medical, Dental, and Vision)
• 401K match, and a fully funded pension plan
• Paid vacation and holidays; flexible work environment
• Subsidized public transportation
• Education Assistance Program
• Professional development programs, training and conferences
• And more…

The Federal Reserve Bank of Atlanta is an equal opportunity employer.

Full Time / Part Time:
Full time

Regular / Temporary:
Regular

Job Exempt (Yes / No):
Yes

Job Category:
Supervision Family Group

Work Shift:

First (United States of America)

The…