Senior ERM Specialist/ ERM Specialist

Company

Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System.

It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government.

The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

This posting is a dual grade posting.

Candidates who have a slightly lower level of experience, education, or qualifications may also be considered.

Job Summary:


* Lead and support the development, implementation, and ongoing process of the enterprise risk management (ERM) function.

This function is responsible for risk assessment & monitoring, internal controls over financial reporting, and business continuity (BC) in the Bank and Federal Reserve System.


* Gather and collate information.

Perform analysis and prepare presentations and reports.

These support the Bank's senior management and System work efforts related to enterprise risk management, Sarbanes-Oxley (SOX) compliance, and business continuity.

Embrace a project management mindset and support Bank and System projects and other strategic initiatives.


* Participate as a full member or lead Bank and System work teams.

You will report to the Senior ERM Manager and may


* functionally supervise less experienced analysts by assigning, monitoring, reviewing, and coordinating work needed to complete assigned projects.

What You Will Do:


* Independently, complete risk management activities, including directing and implementing ERM strategies and operations to support adherence to the Federal Reserve System (FRS) ERM framework and BC framework.


* Independently drive the end-to-end business continuity mitigation and preparedness activities including the annual review and update of the Bank’s business impact assessments, planning and executing building exercises and facilitating impactful business area table top exercises.


* Support the end-to-end operations of the ERM function including identifying, assessing, prioritizing, mitigating, monitoring, and reporting on enterprise-wide risks facing the organization.


* Develop, implement, and maintain comprehensive ERM policies, standards and procedures, ensuring alignment with industry best practices, and organizational objectives.


* Partner with all business areas across the Bank to identify risks and monitor action plans through risk assessments, operationalize risk appetite statements, tolerances and measures to ensure they are embedded across the organization.


* Help enhance the Bank's risk function by applying latest technologies and data analytics to ensure the maintenance and implementation of best-in-class risk practices.


* Foster a culture of proa...