Capital Markets Risk Lead Examiner (Counterparty Credit Risk)

Company Federal 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 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 Counterparty Credit 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 Counterparty Credit Risk Team within the LISCC Capital program is responsible for monitoring, examining, and assessing the counterparty credit 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 Risk Lead Examiner (Counterparty Credit Risk): As a Capital Markets Risk Lead Examiner within the LISCC Capital Program, you will report to the deputy horizontal team lead and have responsibility for monitoring and leading examinations of counterparty credit risk management practices of LISCC firms. In this role, you will maintain deep subject matter expertise in many facets of counterparty credit risk, including credit underwriting and due diligence, margining, risk measurement and management, and stress testing practices. You will also closely collaborate with LISCC supervisory colleagues including those on the Trading Monitoring Risk & Analytics team, the Market Risk team, dedicated supervisory teams (DST), as well as other LISCC programs to maintain robust knowledge of supervised institutions of evolving industry practices in traded products. Specific responsibilities include: Execute examination work and monitoring events for counterparty credit risk. Cultivate and establish subject matter expertise on the counterparty credit risk team and participate in the drafting of examination scope memos, work programs, conclusion memorandums, supervisory feedback letters, and internal range of practices. Deliver clear written and verbal supervisory feedback to firm senior management in collaboration with other Capital Program participants and the Dedicated Supervisory Teams, and interface directly with supervised institutions and senior management. Develop knowledge and expertise of the counterparty credit risk management practices for covered LISCC firms and monitor and report on changes in risk profile and risk management practices. Analyze trends and developments across LISCC firms using regulatory and financial data from a variety of sources including firm management information systems, cross-firm reports, and internal data sources. Proactively coordinate with colleagues across the LISCC program to incorporate their views into supervisory results and products. Contribute to and periodically lead Federal Reserve System and local department workgroups. Collaborate with Federal Reserve Board of Governors colleagues, LISCC program members, other regulatory colleagues, and peers System-wide. What we are looking for: Experience in financial risk management or large bank supervision, with expertise in counterparty credit risk or related financial risk disciplines (e.g., credit or market risk). A strategic thinker who understands the impact and importance of bank supervision and makes connections and executes supervisory plans based on their assessment of risks in the financial system and the real economy. Demonstrated intellectual curiosity and desire to further deepen subject matter expertise in high priority counterparty credit risk topics. Experience participating in examinations or projects involving multiple stakeholders, including developing risk-focused scopes, producing written assessments that synthesize multiple viewpoints, and presenting complex and technical topics to a wide range of stakeholders. Experience generating written reports and presentations leveraging financial data and analytics is a plus. Proven ability to work effectively and collaborate across a large and complex organization or supervisory authority. Salary Range: $154900 - $177750 / year Touchstone Behaviors set clear expectations for leading with impact at every stage of our careers and aspire to achieve in our continued growth and development. Communicate Authentically: Empathetically engage one another with direct and transparent dialogue and listening. Actively discuss viewpoints with respect and compassion in a timely and candid manner, taking into account verbal and nonverbal cues. Ask questions, learn from each other, and share information widely to move the Bank's work forward. Collaborate Inclusively: Inspire a diverse and inclusive environment that empowers others to contribute meaningfully. Intentionally bring a diverse set of people together to achieve positive business results. Drive Progress: Grow and adapt to changing priorities in the Bank. Experiment with new concepts and take appropriate risk to drive innovation. Remain curious and action oriented, navigating through ambiguity and uncertainty to drive outcomes. Develop Others: Equitably champion, mentor, and develop others to grow professionally. Demonstrate vulnerability and empathy to create a trusted environment. Take Ownership: Establish an environment of action and excellence by holding self and others accountable to execute to the highest standard. 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 Please note that the 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 may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements. In addition, all candidates must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana. 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, or military service. 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. Privacy Notice OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government. OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward. Why Our People Choose Us: Our reputation precedes us There will always be room for personal growth Our people are first You’ll find the right balance Your responsibilities will be meaningful We hope that you will be our future colleague.

Salary : $154,900 - $177,750