Senior Risk Specialist, Operational Risk

Company

Federal Reserve Bank of Boston

Senior Risk Specialist, Operational Risk

The Senior Risk Specialist is responsible for leading and/or participating in complex reviews and examinations that evaluate the effectiveness of risk management practices for large financial institutions (LFI) 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 horizontal or coordinated reviews in the LFI portfolio.
 

The successful candidate will have proficient technical knowledge in the areas of non-financial risk, including compliance/legal or operational risk, and may have specific subject matter expertise in specialty areas (corporate compliance, consumer compliance, operational resiliency, enterprise risk management 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. 

The position and job description posted is for a Senior Risk Specialist; however, candidates will be placed in an appropriate level within the Specialist job family based on the extent of their experience.

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, including some out-of-district, is expected for this role.
 

Responsibilities:


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


* Support the assessments of LFI 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 effectiveness of management and influence their actions through satisfactory relationship management and interpersonal skills including effective negotiation and conflict resolution.


* Serve as team and System resource b...