Risk Specialist, Senior

Company

Federal Reserve Bank of Boston

Risk Specialist, Senior

The Federal Reserve Bank of Boston has an opening for a team-oriented, experienced Senior Risk Specialist to join the LISCC (Large Institution Supervision Coordinating Committee) Unit as a member of the LISCC Capital Program.

The LISCC supervision program is the Federal Reserve’s national supervisory program for the nation’s largest most systemic financial institutions.

The program is implemented by hundreds of staff from multiple Reserve Banks and the Board.

The LISCC Capital teams oversee the supervisory work including the Federal Reserve System’s annual Comprehensive Capital Analysis and Review (CCAR), exams and analytic work covering a range of business activity for large and complex banking organizations.
 

You will be expected to develop and/or maintain an understanding of interest rate risk (IRR) management, securities risk management, and stress testing.

You will analyze regulatory and financial data and evaluate trends and developments across the LISCC firms and the banking industry from a variety of sources, including published reports, databases, and firms’ internal management reports.

You will also participate on bank examinations, including CCAR, which may involve assessing investment securities loss projections and interest rate risk (IRR) management practices.

 
 

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:


* Participate and/or lead in CCAR and other examination efforts.

Prepare clear and concise written conclusions and recommendations concerning highly complex subject matter.


* Analyze trends and new issues related to IRR, securities, and financial risk management practices across LISCC firms.


* Independently create analysis, visualizations, reports, and other correspondence for internal stakeholders.


* Maintain coverage of firms or business areas, as required.


* Develop collaborative working relationships and networks throughout the LISCC Capital Program including with the dedicated supervisory teams, other horizontal evaluation teams and with other Reserve Banks, and the Board of Governors.


* Maintain advanced knowledge of relevant regulations, laws, issues, trends and ongoing developments in the financial services industry.
 

Qualifications:


* Bachelor’s degree required, with a concentration in finance, accounting or economics is preferred.


* Advanced degree and/or relevant industry certifications (CFA, CPA, CIA, or CRMA) are a plus.


* Knowledge and experience normally acquired thr...