Information Technology (IT) Risk Specialist-Service Provider

Company

Federal Reserve Bank of St.

Louis

The Federal Reserve Bank of St.

Louis is one of 12 Reserve Banks serving all or parts of Missouri, Illinois, Indiana, Kentucky, Tennessee, Mississippi and Arkansas with branches in Little Rock, Louisville and Memphis.

The St.

Louis Fed’s most critical functions include: promoting stable prices and economic growth, fostering a sound financial system, providing payment services to financial institutions, supporting the U.S.

Treasury's financial operations, and advancing economic education, community development and fair access to credit.

Overview

The Federal Reserve Bank of St.

Louis is looking for an Information Technology (IT) Risk Specialist to join our team of IT examiners and risk specialists focused on service provider supervision.

Under the authority provided in the Bank Service Company Act, the Federal Banking Agencies (Federal Reserve, FDIC, and OCC) jointly supervise technology services provided to financial institutions by certain third-party service providers (SPs).

As an IT Risk Specialist, you will be primarily responsible for leading and participating in the supervision of SPs, which includes preparing, reviewing, and executing risk-focused supervisory activities.

Through effective oversight of SPs, you will help ensure that operational and cyber resilience concerns that could impact a broad range of financial institutions are identified and remediated in a timely manner.

You would work in either St.

Louis, Missouri, or Little Rock, Arkansas, and report to a Supervisory Examiner.

Specific grade level will be determined based on the candidate’s experience.

You Will:  


* Plan, participate, and lead supervisory events, which includes target reviews, annual examinations, and continuous monitoring activities, in accordance with Interagency and Reserve Bank guidelines


* Assess the firm’s IT risk management practices related to internal and external audit, board and management oversight, information security, cybersecurity, third-party risk management, development and acquisition, business continuity / disaster recovery, electronic banking, payments, and IT operations


* Develop high quality and timely work products and reports to support your conclusions


* Collaborate with the OCC, FDIC, and State Central Points of Contact (CPCs) to develop and execute supervisory strategies of SPs


* Communicate examination conclusions to the supervised firm’s management team, Reserve Bank management, interagency stakeholders, and Board staff


* Foster strong relationships with the interagency CPC team, Reserve Bank personnel, Board of Governors, supervised firm management, and other federal and state banking regulators


* Travel overnight up to 20-30% of the time


* Work a compressed schedule in a hybrid work environment

You Have: 


* Bachelor’s degree or commensurate industry experience


* Familiarity with common cybersecurity frameworks, informati...