Risk Specialist

Company

Federal Reserve Bank of Boston

As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation.

You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts.

The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.

Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.

This job is eligible for a hybrid schedule with some on-site work expected.

The individual is expected to reside in the 1st District unless you were given an exception.

Travel would be required (up to 25% travel expected) for this role.

The Federal Reserve Bank of Boston has an opening for a team-oriented, experienced Risk Specialist to join the LISCC (Large Institution Supervision Coordinating Committee) Unit as a member of the LISCC Capital team.

The LISCC supervision program is the Federal Reserve’s national supervisory program for the nation’s largest most systemic financial institutions.

The program is implemented by hundreds of staff from multiple Reserve Banks and the Board of Governors.

The LISCC Capital teams oversee supervisory work including the Federal Reserve System’s annual Comprehensive Capital Analysis and Review (CCAR), exams, and monitoring work covering a range of business activity for large and complex banking organizations.

A firm’s processes for managing and allocating its capital resources are critical to its financial strength and resiliency, and to the stability and effective functioning of the U.S.

financial system.

As such, you will be expected to develop and/or maintain a high level of understanding of regulatory capital rules and regulations, including the mandatory elements of the capital plan rule, international capital standards, and applicable supervisory guidance.

You will also be expected to understand firms’ approaches to revenue and expense forecasting process and associated governance and controls.

With some oversight, you will conduct research, maintain and analyze regulatory and other financial data, and evaluate performance trends and developments across the LISCC firms and the banking industry from a variety of sources including published reports, databases, and firms’ management information.

You will participate in examination work which will involve assessing LISCC firms’ capital management strategies and positions, including financial planning and risk management activities that inform key capital decisions at the bank holding company (BHC) level.

You will provide high-quality supervision through ac...