Enterprise Risk Management Associate at Federal Reserve Bank (FRB) in Philadelphia, Pennsylvania

Job Description:

Company

Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

Job Summary:
Reporting to the Senior Enterprise Risk Manager, you will support and maintain the Enterprise Risk Management (“ERM”) Program and Business Continuity efforts at the Federal Reserve Bank of Philadelphia. This includes working to develop professional relationships with personnel of various levels throughout the local Bank Departments and the wider Federal Reserve System (FRS) to identify, assess, monitor, and report risk.

This description represents the higher level of a dual grade posting. Applicants with slightly less experience are welcome to apply and may be considered for the lower grade.

What You Will Do:

• Contribute to the development, documentation, communication, distribution, and ongoing maintenance of the Bank's business continuity policies, plans, and procedures


• With moderate guidance, assist the ERM Manager and Staff in ensuring the Bank's contingency planning activities comply with FRS mandated policies, timelines, and service level requirements


• Support primary partners (e.g., other Bank Departments) in the coordination of Bank-related business continuity exercises including business continuity testing and training activities that ensure readiness and the ability to recover from events or threats that interrupt the Bank's operations


• Prepare presentations for meetings and training sessions related to the Bank’s Enterprise Risk Management and Business Continuity Programs


• Help implement new Enterprise Risk Management and Business Continuity tools and technology, in addition to other new tools and technology, like AI, as they are made available across the Bank


• Investigate, document, and report risk events in a timely manner


• Support the ERM Manager and Staff in risk identification, risk assessment, risk monitoring, and risk and strategy reporting


• Identify opportunities for process improvements and enhancements

What You Have:

Education and Experience:

• Bachelor's degree or equivalent and a minimum of 1 year of experience in risk management and/or business continuity practices or concepts


• Experience with project management

Knowledge and Skills:

• Strong PC skills, experience with Microsoft suite of office applications


• Strong oral and written communication skills


• Demonstrated analytical, problem-solving, and organizational skills


• Ability to partner with teams in a flexible manner to enhance value, anticipate and resolve challenges, and recognize the value of building, maintaining, and enhancing partner relationships

The salary grade for this position is: 9/10. Final salary and offer will be determined by the applicant’s background, experience, and skills, and internal equity and alignment with market data.

We offer a great benefits package that features:

• Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period


• 401k/Thrift Plan with generous employer match


• Employer-funded Pension Plan


• Paid Vacation/Sick Time & Holidays


• Monthly $100 Commuter Allowance


• Flexible Spending Accounts and Healthcare Spending Accounts


• Flexible Work Schedule available in most departments


• Life Insurance and Long Term Disability Insurance


• Tuition Reimbursement (undergraduate and graduate)


• Parental Leave


• Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities


• Onsite Cafeteria & Coffee Shop


• Additional Convenience Benefits, Discounts and More…

Additional Information:

• The Federal Reserve Bank of Philadelphia takes your information privacy seriously. Federal Reserve Bank of Philadelphia staff will only email you from the “@phil.frb.org” domain or through the Workday system “rb@myworkday.com”.  If you are initially contacted by phone, feel free to request that the caller provide you with their email address to validate their identity.  If you have any questions about the validity of someone who contacts you regarding this position, please email the Talent Acquisition team at TalentAcquisition@phil.frb.org.


• The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer nine employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.


• We have nine employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Latin and Hispanic Heritage, Working Families and Veterans. ERGs are open to all employees.


• We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment. If you need assistance or an accommodation due to a disability, please email us at TalentAcquisition@phil.frb.org.


• All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.


• Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation.


• Due to the nature of the information you will have access to, we require that you also complete a more in-depth enhanced background screening (Peraton moderate or high). 


• All employees 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.


• Certain eligibility rules apply. You will provide work authorization to prove your eligibility to work in the United States.


• The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities 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.


• This is NOT a 100% remote opportunity. You will be available to work on-site in at least a hybrid capacity.


• Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Internal Oversight & Governance Family Group

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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