S&R Risk Specialist

Company

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.

Your work will affect the economy of the Southeast, the United States, and the world.

The work we do here is important, and how we do it is just as important as what we do.

We live our values of integrity, excellence, and respect every day.

We do the right thing, we do things right, and we treat people right.

A career at the Federal Reserve Bank of Atlanta gives you the chance to do work that touches lives and helps communities prosper.

The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person.

Onsite work is an essential function of this position, and you are required to be onsite according to the schedule set by your management.

Position Summary:

The Federal Banking Agencies (FBAs) jointly conduct the supervision of technology services provided by certain third-party service providers under the authority provided in the Bank Service Company Act (BSCA).

The SP Program includes third-party service providers that are 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 Reserve’s SP portfolio.

The PCG team coordinates supervisory program execution to ensure portfolio-wide transparency and consistency in a manner aligned with the 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.

Key Responsibilities:


* 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 preparation of supervisory strategies, significant findings, and ratings.


* Work across FBAs to contribute to the identification of common areas of supervisory ...