Enterprise Risk Mgmt Lead at Federal Reserve Bank (FRB) in Boston, Massachusetts

Job Description:

Company

Federal Reserve Bank of Boston

All applicants must be a US Citizen or a permanent resident who also resided in the United States for at least the last three (3) years.

This job is based in the Boston office on a hybrid schedule with 50% onsite work expected. The individual is expected to reside in the Boston District.

ERM Lead

Job Summary
The Enterprise Risk Management (ERM) team within the Corporate Strategy and Risk (CSR) Group is responsible for executing the Reserve Bank’s Enterprise Risk Management program. ERM has an opening for an enthusiastic and self-motivated ERM Lead. As an important member of the ERM team, the ERM Lead will report to the Director of Enterprise Risk Management and will lead the development, implementation and execution of the ERM Framework.

The ERM Lead will interact with people across the organization; gather, analyze, monitor, and track risk information and data, develop risk assessments and lead the preparation of risk reports, including presentations for senior leaders. This role will help to advance important ERM framework activities and priorities including Enterprise Risk Profile, Risk Appetite and KRI enhancements and risk reporting.

Principal Accountabilities

• Lead the enhancements and execution of the ERM framework and program buildout.


• Design and facilitate identification and review of current and emerging risks with Bank officers and staff to inform decisions and enhance understanding and awareness.


• Design and develop senior management reports and presentations for Bank leadership groups, the Board of Directors, and System stakeholders.


• Support Bank Departments in the implementation and execution of program risk management standards and provide second line review and challenge.


• Consult on the overall risk management process, including risk assessment workshops and/or sessions with business and functional areas; consult with management and program leads on identified risks, possible action plans, and ongoing monitoring.


• Lead enhancements to the Bank’s Risk Appetite, Tolerance and Key Risk Indicators (KRIs).


• Communicate and escalate areas of heightened risk concern to leaders with targeted risk assessments.  


• Identify and facilitate automation and data analytics processes that support the risk management process.


• Expected to demonstrate sound judgment and well-reasoned decision-making and communications in situations that involve complex issues and analysis. 

Other Accountabilities:

Perform other duties as assigned.

Supervision:

This position may be asked to directly supervise others.

Knowledge and Experience

• Knowledge and experience normally acquired through the completion of a bachelor's degree and a minimum of 7 years of related job experience is required. 


• Highly developed strategic and critical thinking, including the ability to deal with ambiguity, as well as strong analytical, problem-solving, and decision-making capabilities. 


• Strong business acumen and interpersonal skills, with a demonstrated ability to excel in working effectively with a diverse group of senior leaders and other stakeholders. 


• Excellent verbal and written communications skills, including presentation capabilities.


•  Strong attention to detail, high standards of work and professional integrity.


• Demonstrated excellence in team and project management and the ability to work on multiple assignments concurrently.


• Experience in Enterprise Risk Management, Internal Audit, or other assurance functions preferred.


• Strong working knowledge of MS Office including Word, Excel, Power BI, PowerPoint; Tableau knowledge is a plus.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

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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