Technology Business Risk and Control Associate at Federal Reserve Bank (FRB) in New York, New York

Job Description:

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 Technology Risk and Compliance (TRC) team resides within the Oversight and Business Operations (OBO) function within the Chief Operating Office (COO) of the Technology Group (TG).TRC is part of the first line of defense for the Bank and is responsible for supporting the Technology Group in managing technology risks for the Bank. The role will work with a dynamic team environment and play an important role in supporting the Federal Reserve carry out its responsibilities. The Technology Business Risk and Controls Associate will be responsible for performing first line risk management responsibilities such as but not limited to risk identification and monitoring, performing risk assessments, issue management, and metrics reporting. The TRC team works closely with team members within the Technology Group, other first line risk functions, Information Security, National IT, and the Risk Group. Technology Risk Associate will report directly to the Technology Business Risk and Control Manager.

Your role as Technology Business Risk and Control Associate:

• Consult and serve as an initial contact and subject matter expert in relation to the Bank’s information technology risks


• Demonstrated and well versed in technology risk practices with the ability to connect and align with the bank’s technology risk management processes and framework (such as COSO, COBIT, ITIL, NIST etc.)


• Demonstrated experience in identifying, analyzing and managing root cause and impacts of technology risk events and events in collaboration with business and technology subject matter experts


• Support development of risk and control self-assessments


• Analyses information to identify risks, controls, and process improvements opportunities as well as effective mitigation strategies or risk awareness


• Identify, measure, and monitor and report on information technology risks to various stakeholders

What we are looking for:

• Bachelor’s degree or equivalent experience


• Relevant working experience in risk management, testing, or auditing


• Extensive knowledge of technology risk management processes and controls, industry practices, and frameworks


• Strong ability to plan and conduct all phases of information technology reviews independently or as part of a team


• Ability to influence stakeholders, working independently, or collaboratively, as required to assist with managing projects or initiatives


• Agility in adapting to changing work demands


• Strong analytical and problem – solving skills with the ability to independently identify issues and draw conclusions


• Strong written, verbal, and presentations skills including experience providing client service to employees at all levels of an organizations


• Strong interpersonal and collaborations skills with the ability to develop strong relationships and partners with others in pursuit of common goals.

Salary Range: $116500 - $200400 / 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  

  

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.  

 

  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.

  

  

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.

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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