Cyber/IT Policy Associate

CompanyFederal Reserve Bank of New York

Working 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; and

• 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 U.S. agencies.

The Supervisory Policy and Strategy (SPS) function’s responsibilities are concentrated in three areas. First, staff help to set the strategy around and contribute to the development of international and domestic prudential standards for banking organizations, financial market utilities (FMUs), and payment systems. Second, staff assist with policy implementation and supervision through a variety of means, including delivery of cutting-edge analyses and actively engaging with supervisory colleagues. Third, staff lead Federal Reserve System-wide supervisory efforts related to capital stress testing and cyber resilience and contribute to the oversight of systemically important FMUs.

The Supervision Policy and Strategy (SPS) Cybersecurity Risk and Policy Department guides, influences, and supports the development and implementation of an enhanced cybersecurity supervision program for the Federal Reserve System (FRS). 

Your role as a Cyber/IT Policy Associate:

You will be a part of a dynamic team responsible for cybersecurity supervisory risk and policy for supervised financial institutions. You and the team will work in partnership with key stakeholders and subject matter experts across the Bank, the Federal Reserve System, and domestic and foreign regulatory agencies and central banks.

The Cyber/IT Policy Associate will support international, interagency, FRS, Cross-Bank and cross-Group efforts to identify cyber policy issues and provide recommendations to strengthen the financial sector’s resilience to cyber risks. The selected candidate will support monitoring of cyber events, risks, and policy developments through communication of incident notifications and communication forums. The candidate will be expected to demonstrate an understanding of cybersecurity risk and policy and apply this expertise to perform the most complex assignments and develop workable supervisory policy responses.

Core Responsibilities include:

• Conducts analysis that provide insights into the systemic, current, and emerging cybersecurity risks and trends impacting supervised institutions and the financial services sector.

• Supports the interagency, FRS, cross-Bank, and cross-Group efforts to develop and advance supervisory policy positions; communicates implication of policy changes.

• Demonstrates a good understanding of subject matter expertise around cybersecurity risk and policy and how this expertise is applied to develop to workable supervisory policy responses.

• Develops recommendations on areas where supervisory policies are needed and proposes responses to identified supervisory policy issues.

What we are looking for:

• Expertise in information security, a working knowledge of financial markets and should have or develop proficiency in business continuity and resiliency; especially as it relates to financial institution cybersecurity matters.
• Ability to collect information, viewpoints, and analyses from individuals of different expertise and backgrounds, and assimilate them to build consensus, analyze issues, and develop sound conclusions/decisions and recommendations.
• Ability to apply various policies and risk analysis concepts and identify connections across issues.
• Ability to handle multiple assignments/responsibilities simultaneously and deal with flexible work priorities, work well under pressure, and initiate and complete projects in a timely, thorough, and accurate manner. 
• Ability to work independently, cooperatively, and courteously with peers from different parts of the world, fostering the team effort; and help and support co-workers.
• Apply analytical and problem-solving skills, including the ability to conduct analysis, synthesize information, produce reports, and convey findings.
• Ability to communicate with influence and conduct visual and verbal presentations for large groups, with a wide variety of audiences, and respond to questions from audience members.
• Strong oral and written communication skills, including ability to write memoranda and report comments that are concise, cohesive and persuasive.

Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job CategoryInformation Technology

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.

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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