Risk Management Specialist

Company

Federal Reserve Bank of St.

Louis

The St Louis Fed is one of 12 Reserve Banks serving all or parts of Missouri, Illinois, Indiana, Kentucky, Tennessee, Mississippi and Arkansas.

The St.

Louis Fed’s responsibilities include promoting stable prices, economic growth and a sound financial system, providing payment services to financial institutions, supporting the U.S.

Treasury's financial operations, and advancing economic education, community development and fair access to credit.

We are looking for a Risk Management Specialist to fill an important position – who can support departments across the Bank by identifying risks, evaluating controls, and recommending process enhancements.

The Risk Management Consulting team provides expertise and guidance to our partners throughout the organization to help identify and assess risks while adding value to the Bank.

As our Risk Management Specialist, you will be part of a team to provide support to the department's main functions – Bank-wide Strategic Planning and Performance Monitoring, Enterprise Risk Management, Risk Event Reporting, Business Continuity, Sarbanes-Oxley (SOX)/COSO/Financial Reporting Process, and Data Privacy.

Responsibilities


* Identify, evaluate, mitigate, monitor, and report risks to the Bank's strategy, projects, and ongoing operations.

Artifacts include items such as a risk management framework, department risk assessments, and top risk reporting to senior management and the Board of Directors.

Also, participate in the Bank's cross-divisional Enterprise Risk Management Advisory Committee and various risk information sharing groups.


* Support business areas in maintaining their Business Continuity Plans and Business Impact Analysis, help coordinate Business Resumption Tests and various readiness event exercises and provide reporting to senior management.


* Coordinate the annual SOX/COSO/financial reporting process with in-scope departments, central service providers, and the Bank's external auditor, including the review of department risk, control, and testing documentation.

Organize the Bank's annual external audit process and manage the relationship with the Bank's external auditor.


* Aggregate and report Bank-wide risk-related information to provide a comprehensive view to senior management and the Board of Directors strengthening leadership decisions.


* Support various projects to create efficiencies for the department, expand services offered to business partners, and/or improve Risk Management Consulting’s capabilities.


* Maintain knowledge of department processes and excellent working relationships with Bank management and staff, Internal Audit, and the Bank's external auditor.


* Work with System-level workgroups and peer groups to enhance overall risk processes and reporting.

Qualifications


* Bachelor's degree in business administration, accounting or similar field of study, or commensurate experience.


* 3 ye...