Operational Risk Specialist, Senior

Company

Federal Reserve Bank of Boston

Risk Specialist, Senior

The Senior Risk Specialist is responsible for leading and/or participating in the most complex reviews and examinations that evaluate the effectiveness of risk management practices for large, globally systemic financial institutions under Federal Reserve supervisory authority.

As a member of the dedicated supervisory team (DST), this individual will assess risks and the risk management programs of the institution through participation in on-site examinations and regular monitoring practices of business activities to ensure the firm operates in a safe and sound manner, and adhere to applicable banking laws, regulations, and policy statements.

The Senior Risk Specialist may also provide leadership or coordinate assistance in support of national supervision program management.

The successful candidate will have proficient technical knowledge in a specialty area (e.g., custody, payments, clearing and settlements, fund accounting, back/middle office operations, risk management, vendor management, operational resiliency, etc.) and familiarity of management information systems and internal controls that can be applied across a range of business activities.

A Senior Risk Specialist will also possess advanced knowledge of risk management programs, measurement tools, models, control frameworks, and risk indicators utilized to make decisions on business line risks and enterprise risks for an organization.
 

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 is expected for this role (up to 30%).

Responsibilities:



* Successfully lead complex targeted reviews, examinations, or special projects in in their specialty area and oversee assigned resources in meeting project, monitoring, or deliverables and timeframes.


* Demonstrate strong judgment and well-reasoned decision making in situations that may involve highly complex issues, public scrutiny, market reactions, and potentially adversarial circumstances.


* Assist in the preparation of the supervisory strategy and risk assessment for business line related activities and selectively participate in the vetting of scopes and findings related to their particular risk specialty area.


* Support the national supervisory program management’s assessments of Large Institution Supervision Coordinating Committee (LISCC) firms’ board of directors, the strength of risk management executed by the firm’s core business lines, and the adequacy of the firm’s independent risk management and controls.


* Collaborate with DST Lead/Deputy Leads and examiners-in-charge (EICs), lead and/or participate in risk-focused reviews of functional areas, business line activities or special projects, and provide written observations and findings appropriate for inclusion in supervisory reports.


* Evaluate the ef...