Supervisory Risk Specialist - Part Time - Temporary

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.
SRC is responsible for the supervision and regulation of state member banks (SMBs), bank holding companies (BHCs), savings and loan holding companies (SLHCs), financial holding companies (FHCs), data service providers, trust companies and large and foreign banking organizations (LFBOs). Supervised financial organizations are located across the District and range in size and complexity from small community organizations to some of the largest banking organizations in the country.
A Risk Specialist serves as a technical subject matter expert on a dedicated supervisory team or partners with a supervisory event team to develop supervisory strategies, participate on supervisory events, and provide expertise to support the supervision of District organizations. The individual maintains advanced skills in a specific risk specialty area including Bank-Secrecy/Anti-money Laundering, Information Technology, Credit and Asset/Liability Management, as well as other risk areas, as determined. A Supervising Risk Specialist generally performs the duties below for highly complex situations or financial organizations.
Bank Secrecy/Anti-money Laundering (BSA/AML) Principal Duties and Responsibilities:

• Conducts the assessments of Third District Financial institution BSA/AML programs including areas such as customer due diligence, Office of Foreign Assets Control (OFAC), suspicious account monitoring, and all other components of an effective BSA/AML program.
• Develops examination/project plans, timeliness and milestones for supervisory events/projects of moderate complexity and acts to ensure plan goals are achieved.
• Demonstrates highly advanced analytical and problem-solving skills, independent and critical thinking, and decision-making abilities.
• Conveys opinions, draws conclusions and offers persuasive arguments in a written format that is clear, concise, and appropriate to the information needs of the audience; prepares well-supported, written reports that reflect highly advanced critical and independent thinking.
• Participates in or conducts meetings with bank management or boards of directors and conducts briefings on a regular and ad hoc basis for internal and external stakeholders involving highly complex issues or situations.
• Develops relationships with Supervisory Risk Specialist personnel across the Federal Reserve System, as well as with senior management and directors of supervised financial organizations.

Education and Experience:

• Bachelor's degree is required; major in business, economics, finance, accounting, law or a related field is preferred.
• Advanced degree strongly preferred.
• Minimum of 10 years of direct or comparable banking, financial industry, or banking supervision experience with a focus on BSA/AML is required. CAMS certification required.
• Active commission issued by the Board of Governors of the Federal Reserve System is a plus.

Information Technology Principal Duties and Responsibilities:

• Assists in all phases of bank examinations for information technology issues, including risk management techniques, management information systems, audit, business continuity practices, acquisition and development practices and internal controls associated with IT related activities.
• Assists with and may also lead the preparation of the supervisory strategy and risk assessment for IT related activities and participate in the vetting of examination findings and preparing examination or inspection reports.
• Develops examination/project plans, timelines and milestones for supervisory events/projects of high complexity and acts to ensure plan goals are achieved.
• Demonstrates highly advanced analytical and problem-solving skills, independent and critical thinking, and decision-making abilities.
• Conveys opinions, draws conclusions and offers persuasive arguments in a written format that is clear, concise, and appropriate to the information needs of the audience; prepares written well-supported examination reports, reflecting highly advanced critical and independent thinking.
• Participates in or conducts meeting with bank management or boards of directors and conducts briefings on a regular and ad hoc basis for internal and external stakeholders involving highly complex issues or situations.
• Develops relationships with Supervisory Risk Specialist personnel across the System, as well as with senior management and directors of supervised financial organizations.

Education and Experience:

• Bachelors' degree is required. Major in MIS, Information Systems and Technology, Computer Science, or related fields is preferred.
• Minimum 10 years bank examination, internal/external IT audit, or financial institution IT experience is required. CISA and/or CISSP certification required.
• Additional certification strongly preferred. Working knowledge of core IT infrastructure components, such as operating systems, network, databases or banking software such as online banking and core banking processing applications required.

Credit Risk

• Conducts credit reviews and assesses credit risk management practices at community and regional banks.
• Develops examination/project plans, timelines and milestones for supervisory events/projects of high complexity and acts to ensure plan goals are achieved.
• Demonstrates highly advanced analytical and problem-solving skills, independent and critical thinking, and decision-making abilities in area of expertise. Conveys opinions, draws conclusions and offers persuasive arguments in a written format that is clear concise, and appropriate to the information needs of the audience; prepares well-supported examination reports, reflecting highly advanced critical and independent thinking.
• Participates in or conducts meetings with bank management or boards of directors and conducts briefings on a regular, and ad hoc basis for internal and external stakeholders involving highly complex issues or situations.
• Develops relationships with Supervisory Risk Specialist personnel across the System, as well as with senior management and directors of supervised financial organizations.

Education and Experience:

• Bachelor's degree is required; Advanced degree strongly preferred.
• Regulatory experience (commissioned examiner preferred) or ten or more years of industry experience in a credit risk management or credit audit related field.
• Ability to make independent assessments about commercial credit risk and credit risk management practices, especially in the area of commercial and industrial or commercial real estate lending.

Asset/Liability Management (ALM)Principal Duties and Responsibilities:

• Conduct reviews of interest rate/liquidity risk positions, investment portfolios, and risk management practices at examinations of regional and community banks.
• Conducts credit reviews and assesses credit risk management practices at community and regional banks.
• Develops examination/project plans, timelines and milestones for supervisory events/projects of high complexity and acts to ensure plan goals are achieved.
• Demonstrates highly advanced analytical and problem-solving skills, independent and critical thinking, and decision-making abilities in area of expertise. Conveys opinions, draws conclusions and offers persuasive arguments in a written format that is clear concise, and appropriate to the information needs of the audience; prepares well-supported examination reports, reflecting highly advanced critical and independent thinking.
• Participates in or conducts meetings with bank management or boards of directors and conducts briefings on a regular, and ad hoc basis for internal and external stakeholders involving highly complex issues or situations. Develops relationships with Supervisory Risk Specialist personnel across the System, as well as with senior management and directors of supervised financial organizations.

Education and Experience:

• Bachelor's degree is required. Advanced degree strongly preferred.
• Regulatory experience (commissioned examiner preferred) or ten or more years of industry experience in asset/liability management, specifically interest rate and liquidity risk and investment management.

Subordinates: None.
Perform other duties as assigned:

• Participates in department and System-wide initiatives, including, but not limited to, working with staff from other Reserve Banks, the Board of Governors' and other regulatory agencies.
• Prepare and present materials to support staff training and outreach in area of expertise; may serve in a formal training capacity, as applicable.
• Serves as a mentor and coach, providing constructive feedback to staff at all levels.
• Maintains current knowledge of industry developments and banking regulations, and the supervisory process and technology tools.
• Participates in Federal Reserve System supervisory activities and other resource sharing opportunities.
• Completes other special projects or tasks as assigned.

Other:

• This 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 must sign a declaration of intent to become a U.S. citizen when eligible to do so and pursue a path to citizenship. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a permanent resident and a U.S. citizen and meet other eligibility requirements.In addition, all candidates must undergo an applicable background check and comply with all applicable information handling rules.
• Some travel is required.
• Valid driver's license required.

The salary grade for this position is: 17.
Additional Information:

• The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer eight employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.
• We have eight employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Working Families and Veterans. ERGs are open to all employees.
• We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment.
• All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
• Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation.
• All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.
• The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
• This is not a 100% remote opportunity. You will be available to work on-site in at least a hybrid capacity.
• Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed.

Full Time / Part Time
Part time
Regular / Temporary
Temporary
Job Exempt (Yes / No)
Yes
Job Category
Bank Examination
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...