The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.
Supervision, Regulation & Credit (SRC) unit is responsible for the supervision and regulation of state member banks (SMBs), bank holding companies (BHCs), savings and loan holding companies (SLHCs), financial holding companies (FHCs), data service providers, trust companies and large and foreign banking organizations (LFBOs). Supervised financial organizations are located across the District and range in size and complexity from small community organizations to some of the largest banking organizations in the country.
The IT Examiner role assists in information technology examinations of primarily small/non-complex financial institutions. There is also the potential to participate in examinations of large/complex/problematic financial institutions and technology service providers on occasion. This role assesses information technology operations, electronic banking activities, information security and cyber security risks and management information systems of these companies to ensure the systems are operating in a safe and sound manner and in compliance with applicable banking laws, regulations, and policy statements.
Principal Duties and Responsibilities:
Serves as an information technology (IT) specialist or Examiner-in-Charge (EIC) in examination and inspection activities.
Act as the IT lead and/or assist on information technology examinations of banks and bank holding companies to identify weaknesses and facilitate corrective actions.
Determine implications of new information security and cyber security risks and standards to financial institutions and implement relevant examination procedures during reviews to evaluate company effectiveness in mitigating associated risks.
Maintain awareness of regulations, laws, emerging issues, trends, and ongoing developments in the financial services industry to provide a horizontal perspective.
Plan, prepare, conduct, and communicate (written and verbal) findings of inspections, examinations, and reviews of activities to financial institution and Reserve Bank management.
Prepare periodic written analytical and informational supervisory products as needed or requested.
Determine the effectiveness of management, policies, procedures and compliance with regulations.
Performs other related duties, as assigned.
A bachelor`s degree is required; a major in business, economics, finance, accounting, law or a related field is preferred. A minimum of three years of direct or comparable banking, financial or other industry, or banking supervision experience.
Bank Examiner Commission (preferred)
Certified Information Systems Auditor (CISA) and Certified Information Systems Security Professional (CISSP) designation (preferred). If candidate does not hold either certification, they will be required to obtain one or the other within 5 years of the start of their employment.
2+ year examination related work experience (audit, compliance, or regulatory experience in a variety of business lines.) (preferred)
General knowledge in areas of technology governance, technology risk management/GRC, internal audit, vendor/third party management, business resiliency and fraud.
Banking or financial services industry experience is a plus.
Good organization skills and manages work in such a way that an assignment or supervisory event is completed well and within the defined scope and time constraints.
Demonstrates intermediate analytical and problem solving skills, independent and critical thinking, and decision making abilities, where appropriate...
Must have good time management skills with a demonstrated ability to complete assignments in a timely, high quality manner.
Strong written and oral communication skills. Under general oversight, presents both orally and in written form findings and assessments concerning non-complex supervisory matters or financial organizations to internal and external stakeholders.
Ability to handle multiple priorities and projects simultaneously.
Travel is an expectation for the position, and can range as high as 75% of the time. A valid driver’s license is required.Physical Requirements:Ability to sit, enter data, and verify data at the Personal Computer (PC) for extended periods of time.Other Requirements:Applicants must be able to provide work authorization to prove their eligibility to work in the United States.
The Federal Reserve Bank of Philadelphia believes that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop, and retain the most talented people from a diverse candidate pool. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.
An applicant for employment also must be a U.S. Citizen, U.S. National, or hold a permanent resident/green card with intent to become a U.S. Citizen.
2 openings. Employer does not assist with relocation costs.