Risk Management Specialist – IT Examination, Regional Service Provider Team

Company

Federal Reserve Bank of Chicago

Federal Reserve Bank
The Federal Reserve Bank of Chicago is one of 12 regional reserve banks in the United States.

These banks, along with the Board of Governors in Washington, D.C., make up the nation's central bank, which is dedicated to fostering a sound economy and stable financial system.
The Fed’s culture is defined by passionate, respectful, and diverse voices collaborating toward common goals.

We believe inspiration comes from working alongside smart, inventive, and empowered professionals.

In fact, some of our most innovative and strategic contributions have come from within our teams, leveraging technology and talent from across the Federal Reserve System.

And we’re fostering a culture of curiosity and professional development.

Job Summary:
This position plays a key role in collaborating with technology professionals to fulfill our mission to strengthen and protect our economic, financial and payments systems.
The risk management specialist will be part of a team that examines business operations, governance, risk management, information technology, cyber security and audit program of regional service providers that provide services and products to financial institutions and are regulated by the Federal Reserve System.

The risk management specialist will prepare, review, monitor, and execute risk-focused information technology supervisory activities by following the Federal Financial Institutions Examination Council's (FFIEC) booklet, "Supervision of Technology Service Providers".

Through oversight of service providers, the team helps ensure that safety and soundness concerns that could impact broad range of financial institutions are identified and remediated on time.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your career growth—along with a wide range of benefits and perks that support your health and financial well-being.

Your Responsibilities:


* Understand the supervision processes, execute risk-focused supervisions, on-time deliver examination products


* Assess the adequacy of risk management framework, systems and procedures, and compliance with laws and regulations


* Conduct critical data analyze, identify potential issues, develop actionable recommendations, deliver important communications to a broad range of stakeholders, and monitor remediation of supervisory issues


* Plan, lead, and coordinate technology examination as Examiner in Charge on the interagency service provider examinations


* Develop relationships within the team, division, department and other federal banking agencies

Your Background:


* Bachelor's degree, relevant accreditation, or equivalent experience


* Four plus years of direct work-related experience in some of the following topical areas: bank examination, risk management framework, IT control assessment, cyber security and IT audit


* Solid written an...