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Liquidity and Market Risk Specialist

Federal Reserve Bank of Atlanta

Federal Reserve Bank of Atlanta

New York, NY, USA
Posted on Friday, September 29, 2023


Federal Reserve Bank of New YorkWorking at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.

The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.

What we do:

The Supervision Group of the Federal Reserve Bank of New York (FRBNY) supervises banks in the Second District. The objectives of supervision are to:

  • Evaluate and promote the overall safety and soundness of supervised institutions

  • Ensure supervised institutions’ compliance with relevant laws and regulations, including consumer protection

  • Facilitate the stability of the financial system of the United States

  • Support the growth and stability of the U.S. economy

Supervision is carried out through a combination of methods, including on-site and off-site examinations involving staff dedicated to the supervision of an individual firm and other professionals focused on analytical, policy and risk matters. Supervision is coordinated with other US agencies.

The Regional and Community Financial Institution (RCFI) function is responsible for monitoring and assessing the safety and soundness of state member banks and domestic bank holding companies under $100 billion in the Second District. This includes state member banks and bank holding companies headquartered in Puerto Rico. Within RCFI, regional banking organizations (RBOs) have total assets between $10 billion and $100 billion.

Your role as a Liquidity and Market Risk Specialist, Institutional Supervision Supervising Examiner:

  • Act as a Liquidity and Market Risk Specialist covering examinations for banks under $100 billion.

  • Lead or participate in examinations/inspections to determine the quality of a firm’s liquidity position and the effectiveness of a firm’s liquidity risk management program and validate remediation efforts of identified issues.

  • Lead or participate in examinations to determine the firm’s market risk exposure, balance sheet position and the level of control of market risk compared to the balance sheet risk. Evaluation of the interest rate risk (NII) and equity of value (EVE) models and assumptions.

  • Prepare informative, well supported supervisory products and work papers, effectively communicating supervisory findings, including required actions to senior management and board of directors.

  • Demonstrates interest in expanding their role in certain ways beyond liquidity to help support team in other risk stripes and other priority projects

  • Support central part of contact across a range of requests, such as exam management, meetings with the firm, and interpretation of data screens into exam and other follow-up work

  • Analyze current industry practices, conditions, and trends and identify inherent/emerging risks as financial products/markets evolve.

  • Synthesize and analyze complex financial and risk information and applying that knowledge to a broad range of financial issues.

  • Develop and maintain strong ongoing relationships with relevant stakeholders.

  • Present analytical understanding of supervised institutions to Federal Reserve management, staff, and other supervisory authorities.

  • Actively provide guidance, mentoring, coaching, and training to other employees within the job area.

  • Advance a high standard of operational excellence in executing the supervisory program and associated operational processes.

  • Participate in Federal Reserve System and local liquidity/market risk initiatives and contribute to the development of policies to enhance the supervision of financial firms.

  • Commissioning highly recommended. If not already commissioned, then commitment required to become commissioned while in the role.

What we are looking for:

  • Extensive experience and advanced understanding of financial markets and banking system, bank funding products, Bank Holding Company structures and key liquidity metrics/regulations for liquidity risk management.

  • Strong understanding of market risk and sensitivity modeling.

  • Significant experience in developing and implementing liquidity reporting and analytics.

Salary Range: $183400 - 218600 / year

We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.

Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.


Our organization offers benefits that are the best fit for you at every stage of your career:

  • Fully paid Pension plan and 401k with Generous Match

  • Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)

  • Subsidized Public Transportation Program

  • Tuition Assistance Program

  • Onsite Fitness & Wellness Center

The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.

The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

Please note that the position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements.

In addition, all candidates must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana.

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


Job Category


Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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