Risk Specialist I / II / Senior

Company

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is part of the nation’s central bank, and we’ve provided many opportunities for professional growth during our history.

For twenty-five years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99.

This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Our People Make the Difference! The Federal Reserve Bank of Cleveland is seeking innovative thinkers with vision to build the framework that will carry the Bank into the future.

Follow us on LinkedIn, X, Instagram, and our YouTube channel – Cleveland Fed

Supports the Federal Reserve`s mission of financial system stability.

An individual in this position is as an integral member of the risk discipline team.

Serves as an assisting examiner, and at times, as examiner-in- charge or in-charge lead risk specialists, for supervisory activities at moderate, noncomplex to large/complex supervised bank/financial/savings loan holding companies and their subsidiaries.

Also, may participate on national horizontal reviews.

Assignments include execution of supervisory reviews and continuous monitoring activities focused on the effectiveness of risk identification, risk management and governance practices for risk discipline.

Ensures supervised institutions are in compliance with applicable laws, regulations, and policy statements.

Supports gathering of cross firm and banking industry/system risks and developments to understand and build perspectives on micro (institution -specific), horizontal (industry wide/peer) and macro (financial system supervision) risks and vulnerabilities.

Participates on projects, outreach, and training.

Essential Job Responsibilities


* Leads or participates on cybersecurity and/or financial technology related examinations to determine the effectiveness of a FIs cyber security program and validate their remediation efforts of identified issues.


* Leads or participates on Federal Reserve System and local cybersecurity initiatives related to training, committees and development of policy statements to enhance the supervision of FIs


* Perform continuous monitoring across the FI portfolio to understand micro (institution specific), horizontal (industry wide/peer), and macro (financial system supervision) cybersecurity risks.


* Prepares informative, well supported supervisory products and work papers, effectively communicating complex and problematic supervisory findings and required actions to senior management and board of directors.


* Prepare supervisory plans for relevant and effective risk-based supervision factoring in the size and complexity of the target firm. 


* Prepares and delivers written analyses and presentations on FI specific and industry trends or emerging risk. 
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