Information Technology (IT) Risk Specialist, Senior

Company
Federal Reserve Bank of Boston
When you join the Federal Reserve-the nation's central bank-you'll play a key role, collaborating with leading tech professionals to strengthen and protect our economic, financial and payments systems. We dedicate more than $1 billion to technology each year to support the Federal Reserve and our economy, and we're building a dynamic and diverse team for our future.
Bring your passion and expertise, and we'll provide the opportunities that will challenge you and propel your growth-along with a wide range of benefits and perks that support your health, wealth, and life.
Bank Hybrid - This job is eligible for a hybrid schedule with some on-site work expected.
The Senior Information Technology (IT) Risk Specialist leads reviews and examinations that evaluate the effectiveness of IT risk management practices for a large financial institution under Federal Reserve supervisory authority. As a member of the Dedicated Supervisory Team, you will assess information technology risks and the risk management programs of the institution through participation in on-site examinations and regular monitoring practices of business activities to ensure they operate in a safe and sound manner, and comply with applicable banking laws, regulations, and policy statements.
The Senior IT Risk Specialist will use sound analysis and reason to develop conclusions and recommendations on complex issues including the effectiveness of management and risk management practices under review. Through the recommendations, you will negotiate, influence management's actions, and resolve any conflicts that arise. You will also participate in cross-institutional reviews in your specialty area, provide leadership or coordinate assistance to support national supervision program management.
The position and job description posted is for a Senior Risk Specialist. However, you will be placed into an appropriate level within the Risk Specialist family based on your degree of knowledge and experience.
Responsibilities:

• Leads the oversight of information technology risk at a large complex institution. Maintain liaison with institution management, and with deputy/Central Point of Contact, system risk specialists and other regulatory agencies.
• Leads or participates in complex targeted reviews, examinations, and or/special projects related to information technology risk. Demonstrates strong judgment and well-reasoned decision making in situations that may involve highly complex issues, public scrutiny, market reactions, and potentially adversarial circumstances
• Lead preparation of information technology risk related supervisory strategy and risk assessment and selectively help vet scopes and findings related to their specialty risk area.
• Be a team and System resource by leading or participating on high-level projects, workgroups and strategic projects. Contribute to the understanding of latest risk, risk management practices and changes in supervision policies, procedures, tools or guidance on a System basis.
• Maintain expertise in information technology (including cybersecurity) risk, as well as supervisory expectations and industry practices in those areas.
• Synthesize information from multiple sources to identify industry trends and emerging issues. Identify the implications of these trends, both at the micro and systematic levels and propose approaches to identified issues.
• Develop an understanding of supervisory rating systems applied to large banks (LFI ratings).
• Prepare informative, well-supported supervisory products and work papers, effectively communicating complex and problematic supervisory findings, including required actions to senior management and boards of directors.
• Evaluate developments impacting firms' risk profile through analysis of internal risk management reports and interactions with institution management. Support an overall assessment of a firm's governance and controls-related programs and processes.
• Maintain current awareness of relevant regulations, laws, issues, trends and ongoing developments in risk specialty areas and in the broader financial services industry.
• Provide coaching, training, and mentoring of less experienced colleagues.

Education and Experience:

• A Bachelor's degree is required, with a concentration in computer science, engineering, business management, finance, or accounting preferred.
• Knowledge and experience normally acquired through, or equivalent to, the completion of a Master's degree and 12+ years of commensurate financial industry or regulatory work experience.
• Appropriate industry certifications are preferred. (e.g. CISSP, CISA, CISM, CCSP, etc.)

Desirable Knowledge and Skills:

• Advanced technical knowledge of IT and information security risk management programs, measurement tools, models, control frameworks, and risk indicators used to make decisions on IT/cybersecurity risks for an organization.
• Capabilities to evaluate a broad range of an institutions' IT and information security framework, including, risk management and compliance programs, payment processing activities, investment management and servicing utilities, and resiliency of operations.
• Demonstrated effective written and verbal communication skills, including the ability to communicate technical topics in concise terms that non-technicians can readily understand.
• Domestic travel and overnight stays may be required up to approximately 25 percent, but could be more or less at any given time depending on one's assignment.

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

• Comprehensive healthcare options (Medical, Dental, and Vision)
• 401K match, and a fully funded pension plan
• Paid vacation and holidays; flexible work environment, healthy workflow
• Generously subsidized public transportation
• Annual tuition reimbursement
• Professional development programs, training and conferences
• And more...

The Federal Reserve Bank of Boston is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
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 not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.
All employees assigned to this position 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. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills 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.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
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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