Technology Service Provider Program Specialist

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 Financial Market Infrastructure Function (FMIF) in the Supervision Group supervises systemically important Financial Market Utilities (FMU) and firms providing technology services to banks, as well as leading complex, multi-year cross-portfolio projects related to market infrastructure reform and resilience.

Your role as a Cyber/IT Risk Supervising Examiner:

You will be responsible for the coordination and execution of activities for the Technology Service Provider Program (SP) to ensure firms are operating in a safe and sound manner and complying with applicable banking laws, regulations and policy statements. The role will provide guidance for field examiners and facilitate communication and collaboration with key stakeholders, such as the Federal Reserve Systems (FBS), including the Board of Governors (BoG), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC), in key SP supervisory activities to assess the effectiveness of supervised entities’ cybersecurity and Information Technology (IT) risk management programs and associated management information systems.

Core responsibilities include:

• Develop and maintain ongoing relationships with supervisory and policy personnel across the Federal Reserve System (FRS) and other regulatory agencies (FDIC, OCC) regarding SP supervision.
• Review and provide guidance on supervisory strategies for SPs.
• Oversee SP administration of supervisory events, which includes scheduling resources, reviewing event deliverables, tracking of supervisory findings, and repository posting of supervisory documents.
• Develop cross-institutional perspectives on sound risk management practices and emerging industry trends and share with FMIF and SP management.
• Document and update local procedures and quality assurance tools for SP Program processes.
• Coordinate distribution of SP Reports of Examination to FRBNY-supervised State Member Banks.
• Facilitate data gathering processes for SP operational and cyber incidents and liaise with appropriate BoG and FRS stakeholders in sharing information/analysis.
• Provide leadership, mentorship, and direction to new examiners, including incoming analysts, regarding SP supervision.
• Maintain knowledge of relevant regulatory developments and assess impact to the SP ecosystem.

What we are looking for:

• Relevant experience in cybersecurity, management oversight and governance, and strategic planning and policy.
• Proven ability to use industry standard cybersecurity/IT frameworks (e.g., FFIEC, NIST, SANS, etc.) and associated controls with payments systems and clearance and settlement activities.
• A strong collaborator and self-starter with experience working with multiple stakeholders.
• Experience working in regulatory/government agencies or financial services is ideal.
• Excellent project management and time management skills, including managing multiple projects with limited oversight while adapting to changing priorities.

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

Information Technology

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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