Risk Specialist

Company

Federal Reserve Bank of Dallas

We are dedicated to serving the public by promoting a strong financial system and a healthy economy for all.

These efforts take a team of dedicated individuals doing many different jobs.

Together we’re creating a workplace where talented people can thrive, and we welcome your unique background and perspective to help present the best possible solutions for our partners.

Location: #LI-Hybrid

About the Role:

We have an excellent opportunity on a Large and Foreign Banking Organization (LFBO) dedicated supervisory team to serve as the risk specialist responsible for assessing the firm’s enterprise Legal and Compliance risks and related risk management processes from a safety and soundness perspective.

 You will report to the Director of Examinations/Deputy Central Point of Contact and be a part of a team of examiners responsible for assessing Governance and Controls (G&C) under the Federal Reserve’s Large Financial Institution’s (LFI) Rating Framework. 

As a firm within FRBD’s growing LFBO portfolio, the firm is a Category III institution subject to the Dodd-Frank Act Enhanced Prudential Standards and the Capital Plan Rule.

 The successful candidate will have the opportunity to be exposed to the development of, and directly supervise, emerging activities in an assessment of the firm’s continued safety and soundness within the financial industry, across all three lines of defense.

 As such, a working understanding of the Consolidated Supervision Framework for Large Financial Institutions outlined in SR Letter 12-17 is preferred.

 The candidate should also be familiar with the LFI Ratings Framework outlined in SR Letter 19-3.  Finally, the candidate should have experience in Compliance Risk Management Programs and Oversight at Large Banking Organizations with Complex Compliance Profiles outlined in SR Letter 08-08.

You Will:


* Lead the coverage of legal and compliance risk, with a particular focus on enterprise compliance risk management as well as facilitating the assessment of legal and compliance risks across the firm in such areas as corporate operations, consumer banking, and broker/dealer and register investment advisory activities.


* Lead or participate in the supervisory assessments of legal and compliance as well as assist on reviews of enterprise risk management, board effectiveness, independent risk management, operational risk, management of business lines, and internal audit.


* Act as Examiner-in-Charge of related supervisory events, conduct horizontal and coordinated reviews, and routinely interact with internal and Federal Reserve System (FRS)-level colleagues, other regulators, and the firm’s senior management and staff.


* Contribute to the assessment of regulatory ratings for Risk Management, CAMELS, and G&C.


* Develop and implement a strong risk-focused supervisory program in accordance with the LFBO Management Group’s program requirements....