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. It is a challenge that demands the skills of a financial service professional and the intelligence of an academic—all combined with a passion for public service.
What we do:
The IT Risk Specialist will lead IT risk management assessments and examinations for large/complex systemic financial institutions under Federal Reserve supervisory authority.
This IT Risk Specialist will assess financial institutions’ IT risk management programs and associated management information systems to ensure they are operating in a safe manner and complying with applicable banking laws, regulations, and policy statements. The IT Risk Specialist will lead national examinations for information security and cybersecurity, including assessing business resiliency and vendor risk management from a cybersecurity perspective.
Your role as IT Risk Specialist:
Lead or participate in examinations to determine the effectiveness of a firm’s IT risk management program and validate remediation efforts of identified issues.
Lead or participate in Federal Reserve System and local IT projects related to training, committees and contribute development of policies to enhance the supervision of financial firms.
Perform monitoring activities across the LISCC portfolio to understand micro (institution specific), horizontal (industry wide/peer), and macro (financial system supervision) IT risks.
Prepare supervisory plans factoring in the size and complexity of the target firm.
Prepare informative, well supported supervisory products and work papers, complex and problematic supervisory findings, including required actions to senior management and board of directors.
Prepare and provide written analyses and presentations on firm specific and broader industry trends or new risks.
Analyze information security and risk management programs to determine an estimated risk and potential impact to the financial institutions and financial services industry.
Contribute to and leading System efforts to develop IT supervisory policy and guidance, supervisory activities, and IT analysis.
Provide coaching, training, and mentoring of less experienced colleagues. Review and provide recommendations on supervisory products to ensure that are well-supported and consistent with LISCC program requirements and expectations.
What we are looking for:
8 years of direct work experience with auditing or risk management and controls.
Bachelor’s degree in computer science or related field.
Industry recognized IT certification (e.g., CISA, CRISC, CISM, CISSP) or equivalent certification is desirable.
Experience working in regulatory/government agencies or financial services is ideal.
Commissioned examiner a plus.
Advanced knowledge in IT, risk management, business resiliency, network management/architecture, vendor risk management, vulnerability management, patch management systems, and data center operations and management.
Advanced knowledge of common frameworks such as FFIEC, NIST, and ISO.
Ability to evaluate an institution’s IT/information security program and provide advice on its ability to identify, protect, respond, and recover from business changes.
Ability to analyze threat intelligence reports to identify vulnerabilities, understand how they could be exploited, and the potential impact to the financial services industry.
Ability to understand and translate complex technical issues into business effects for technical and business representatives.
Maintain ongoing awareness of current and new information about security threats, techniques and landscape.
Up to 25% overnight travel during the course of the year. Travel may be to several locations throughout the U.S.
About 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 support the safety, soundness, and vitality of our economic and financial systems. It is a challenge that demands the skills of a financial service professional and the intelligence an academic—all combined with a passion for public service.