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Capital Markets Supervising Examiner - Market Risk Specialist

Federal Reserve Bank of Atlanta

Federal Reserve Bank of Atlanta

New York, NY, USA
Posted on Aug 16, 2024

Company

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 Large Institution Supervision Coordinating Committee (LISCC) Program function is responsible for executing the LISCC supervisory program (covering Capital, Governance and Controls, Liquidity, Recovery and Resolution Planning, and Monitoring and Analysis) for domestic global systemically important banks (G-SIBs). This supervision is accomplished through close coordination and in partnership with LISCC Dedicated Supervisory Teams (LISCC - DST) assigned to supervise individual firms, other Group business leaders, as well as LISCC leadership at the Board of Governors and other Federal Reserve Banks.

This role within the Supervision Group supports the LISCC supervision program, specifically within the Capital Program on the Market Risk team. The Capital Program is led by the Capital Steering Committee (SC) and Program Leadership Group (PLG) and is responsible for the execution of all capital-related supervisory activities for the LISCC supervision program. The Market Risk Team within the LISCC Capital program is responsible for monitoring, examining, and assessing the market risk management and measurement capabilities and controls, as well as related capital adequacy and planning processes of the largest bank holding companies.

Your role as a Capital Markets Supervising Examiner - Market Risk Specialist:

As a Market Risk Specialist within the LISCC Capital Program, 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 Supervising Examiner will serve as a market risk expert responsible for evaluating the risk management and control frameworks of complex financial institutions with respect to traded market 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 Internal Audit), and business line management. In this role, you will leverage your subject matter expertise to also monitor firm developments, risk trends and responses to market events.

Core responsibilities include:

  • Lead or participate in firm specific and horizontal examinations; developing well supported supervisory assessments.

  • Present examination results to supervised institutions, Federal Reserve management, staff, and other supervisory authorities.

  • Drive 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).

  • Build and maintain relationships with supervisory teams and other risk specialists and proactively collaborating with internal/external supervisory colleagues to arrive at a shared understanding of supervised firms’ material issues, emerging risks, and remediation progress.

  • Expand and leverage expertise in supervisory, market and industry subject matter for capital markets.

  • Actively provide guidance, mentoring, coaching, and training to other employees within the job area, and managing major/complex projects, including delegation of work and review of work products.

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

What we are looking for:

  • Advanced expertise in capital markets sales and trading industry practices, traded products, market risk management practices, analytics, middle office and valuation controls, statistical methods, or model risk. Broader experience assessing or analyzing financial risks or stress testing, ideally related to market risk.

  • Excellent collaboration skills with an ability to build deep, productive working relationships and promote an inclusive culture that values learning and agility, curiosity, and sharing of diverse perspectives among the supervisory stakeholders to identify optimal outcomes.

  • 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.

  • Excellent communication skills (both written and verbal), including ability to listen attentively to various viewpoints, capacity to synthesize and communicate varying information and perspectives succinctly and persuasively to stakeholders.

Salary Range: $155400 - $229300 / 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.

Benefits:

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

  • And more

This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.

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, pregnancy, or military service.

We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.org and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.

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

Regular

Job Exempt (Yes / No)

Yes

Job Category

Risk Management

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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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