Capital Markets Risk Supervising Examiner (Wholesale Credit Risk)
Federal Reserve Bank of Atlanta
CompanyFederal 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.
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 through on-site and off-site examinations involving staff dedicated to the supervision of individual firms, and through other professionals focused on analytical, policy and risk matters. Supervision is coordinated with other US agencies.
The Large and Foreign Banking Organization (LFBO) Function is responsible for monitoring and assessing the safety and soundness of all domestic two large domestic and all foreign-owned firms in the Second District.
Your role as a Capital Markets Risk Supervising Examiner:
As an Capital Markets Risk Supervising Examiner in LFBO, you will work in a dynamic, team environment and play an important role in helping the Federal Reserve carry out its regulatory responsibilities. The Capital Markets Risk Supervising Examiner will serve as the wholesale credit risk expert responsible for evaluating the risk management and control frameworks of complex financial institutions with respect to wholesale credit risk. This entails leading and/or contributing to firm-specific and horizontal supervisory reviews in the areas of governance, strategy, financial condition, independent risk management, internal controls (including Credit Review and Internal Audit), and business line management.
Core responsibilities include:
Leading or participating in firm specific and horizontal examinations; developing well supported supervisory assessments.
Presenting examination results to supervised institutions, Federal Reserve management, staff, and other supervisory authorities.
Driving continuous monitoring regimes including meetings with management, and review and analysis of internal risk reports, business plans, committee meeting minutes, and other materials for the assigned institution(s).
Staying abreast of supervisory developments in the area of capital markets and wholesale credit risk management.
Performing work under limited supervision with extensive autonomy and discretion; planning and arranging short- and long-term work.
Actively providing guidance, mentoring, coaching, and training to other employees within the job area. Responsible for managing major/complex projects, including delegation of work and review of work products.
Advancing a high standard of operational excellence in executing the supervisory program and associated operational processes.
What we are looking for:
Extensive experience and advanced understanding of financial markets and banking system, bank and broker dealer funding products, Bank Holding Company structures, key wholesale credit regulations and expectations for wholesale credit risk management.
Ability to undertake supervisory activities under limited guidance and with extensive autonomy and discretion, prioritize and multi-task, quickly assimilate new information, produce sound analysis, and invite challenge to ensure all angles of an issue are explored as part of the decision-making process.
Commissioned examiner and/or Examiner-in-Charge (EIC) experience preferred; candidate must be willing to enroll in examiner commissioning training upon acceptance of the position.
Cover letters preferred highlighting how your background aligns to the role.
Salary Range: $178100 - $207900 / 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
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.
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.
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 TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)Yes
Job CategoryRisk Management
Work ShiftFirst (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.