Large Bank Examiner/Senior Examiner – Information Technology and Cybersecurity Risk Specialist at Federal Reserve Bank (FRB) in Minneapolis, Minnesota

Job Description:

Company

Federal Reserve Bank of Minneapolis

The Federal Reserve Bank of Minneapolis supports the Federal Reserve System (System) in ensuring a safe, sound, and accessible banking system and stable financial markets through supervision and regulation of the nation's banking, financial and payments systems and through effective implementation of statutes that inform and protect the consumer. This bank also works with other federal and state agencies and regulators to promote safety and soundness in the operation of the financial industry and fair and equitable treatment of consumers in their financial transactions.

We currently have a role open for an IT/Cybersecurity risk specialist in the System Analytics and Support group, participating on cybersecurity examinations of firms in the System’s Large and Foreign Banking Organization (LFBO) portfolio. This role will lead or participate on the LFBO’s annual horizontal cybersecurity examination of firms in the LFBO portfolio, as well as other IT/cybersecurity examinations of firms in the portfolio, as needed. This includes assessing cybersecurity practices, operational resilience programs, and information technology infrastructures to ensure they are operating in a safe and sound manner and complying with applicable banking laws, regulations, and policy statements. The candidate will also lead or participate on other examination activities, as determined by management.

The LFBO portfolio supervises all U.S. institutions with total assets of more than $100 billion and all foreign banking organizations operating in the United States regardless of size that are supervised by the System but not subject to Large Institution Supervision Coordinating Committee (LISCC) portfolio supervision, which is responsible for overseeing the supervision of the largest, most systemically important institutions.

The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position, and you are expected to be in the office 3 days per week for meetings and team collaboration.

Responsibilities:

• Leads and manages supervisory events, including determining scope, rating, resource needs, and work assignments. Alternatively, participates on supervisory events as required during System examinations.


• Drafts, reviews, organizes, verifies, and evaluates supervisory event documents prepared by self and others.


• Communicates, describes, supports, and discusses findings of supervisory events with Reserve Bank and supervised institution management.


• Analyzes supervised institution performance regarding laws, regulations, and regulatory policies and supports conclusions about overall status of supervised institution.


• When in a leadership role on an examination, provides training, work direction, and feedback to assisting examiners.


• Ensures effective supervision of assigned risk areas, including: preparing a comprehensive and independent risk assessment; developing, documenting and implementing a supervisory strategy; following up on examination findings and enforcement actions; and conducting ongoing monitoring.


• Develops and maintains productive working relationships with management at supervised firm(s) through regular and in-depth discussions to understand changes in strategy, issues, and challenges facing the institution.


• Maintains effective communication with the supervised firm(s), the Board of Governors, and Reserve Bank management related to various institution developments, examination findings, changes in major product lines and in risk characteristics.


• Seeks out and participates in opportunities, including assisting with System or Reserve Bank special projects.


• Safeguards equipment, sensitive data, and resources according to the SRC Information Security and Data Handling Handbook.


• Handles records in accordance with the System Records Retention Manual compliance plan.


• Performs other duties as assigned.

Qualifications:

• 
  Bachelor's degree in a related field.


• Commissioned examiner with experience in large financial institution IT/cyber risk management preferred. In lieu of examiner commissioning, specialized expertise in financial services with an emphasis on large financial institution information technology risk management.  


• 
  Examiner: At least four (4) years of experience in financial services, banking regulations, examinations, and/or expertise in a financial services or other relevant specialty.


• 
  Senior Examiner: At least six (6) years of experience in financial services, banking regulations, examinations, and/or a high level of expertise in financial services.


• Knowledgeable in concepts and principles in information technology and cybersecurity functional areas.


• Strong written, verbal, and interpersonal communication skills.


• Strong analytical skills and detail-orientation.


• Ability to travel up to 15%. Examiners generally travel within the 9th District (Montana, North Dakota, South Dakota, Minnesota, and portions of Michigan and Wisconsin). A standard travel week is Monday – Thursday or Friday.


• Valid driver’s license with acceptable driving record.


• Eligible to obtain Examiner or Special Examiner credentials. An acceptable statement of financial interest is required.

Salary Range & Benefits:

Examiner: $99,000 - $122,000 - $147,000

Senior Examiner: $128,000- $160,000 - $191,000

Salary offer will be based on qualifications/experience of the candidate, alignment with market data, the needs of the position, our total compensation package, and internal equity.  

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)


• 401(k) match, and a fully-funded pension plan


• Paid time off and holidays


• Free public transportation passes


• Annual educational assistance


• On-site fitness facility 


• Professional development programs, training and conferences


• And more…

The Minneapolis Fed is committed to developing a diverse workforce and providing an inclusive environment where all employees are respected and valued. We believe that we can foster development opportunities for all and reach our full potential by recognizing the unique experiences and identities of each of our colleagues. From economists to cash specialists, we work together to represent you in our economy.

Additional Information:

*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. In addition, all candidates must undergo applicable background checks and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Bank Examination

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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