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Risk Group Controls Testing Program Specialist

Company: Federal Reserve Bank of New York
Location: New York
Posted on: June 25, 2022

Job Description:

CompanyFederal Reserve Bank of New YorkWorking 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 Risk Group helps the Bank achieve its vision of being on the forefront of anticipating, adapting and acting in a fast-changing world to shape a better economy for all. The Risk Group is responsible for independent risk oversight and actionable risk insight that enables achievement of the Bank's mission outcomes in all environments. The Risk Group Controls Testing Program Specialist will design and lead the execution of the Bank's operational controls testing program using risk management practices that help the Bank more effectively and efficiently manage process-based risks. Key areas of focus include controls testing methodology, prioritization of testing plans, continuous monitoring, and executive level reporting.Your Role as Risk Group Controls Testing Program Specialist:

  • Develop, design, and lead execution of the Risk Group's strategic vision for the operational controls testing program and provide ongoing program oversight.
  • Define and implement standards, policies, associated guidance, and roles and responsibilities for the controls testing program, including reporting, monitoring, and oversight.
  • Formulate an integrated and independent view of the Bank's control environment leveraging, when appropriate, authoritative standards and benchmarks.
  • Facilitate effective communication amongst risk management experts to foster engagement, collaboration, and efficiency.
  • Explore diverse risk perspectives through open dialog and regular interaction across the three lines of defense to promote risk-informed decision making.
  • Champion continuous improvement methodology to assess, monitor, and enhance controls testing program to achieve ultimate outcomes.
  • Inspire, influence, and lead a culture of decision-making through data-driven insights and analytics.
  • Disseminate industry advancements in processes, governance, and frameworks to controls testing practitioners.What we are looking for:
    • Demonstrates proven ability to effectively design, deliver, and oversee successful operational risk programs.
    • Enables controls testing technology capability through the Governance Risk and Compliance tools.
    • Delivers through strong project management skills, including the ability to monitor and report on progress, establish program metrics, and effectively escalate challenges to ensure timely completion and high-quality deliverables.
    • Communicates authentically through direct and transparent dialogue and listens with respect and compassion.
    • Develops others by inspiring and empowering colleagues to achieve goals and by fostering a diverse and inclusive environment that allows everyone to do their best work.
    • Takes ownership by establishing an environment of action and excellence by holding self and others accountable to execute to the highest standard.
    • Collaborates inclusively by empowering others to contribute meaningfully and bringing together diverse perspectives to achieve positive business results.
    • Drives progress by leading change efforts, driving innovation, and navigating through ambiguity.
    • Engages with exceptional interpersonal skills with openness to feedback, strong desire to learn and improve, and ability to develop trusted relationships through demonstration of understanding of other viewpoints.
    • CIA, CPA or SOX experience preferred.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
        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.
        The successful candidate must be fully vaccinated against COVID-19, and receive a booster shot within 30 days of being eligible to do so, unless the Bank grants an exemption based on a medical condition or sincerely held religious belief.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.
        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 TimeFull timeRegular / TemporaryRegularJob Exempt (Yes / No)YesJob CategoryRisk ManagementWork ShiftFirst (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

Keywords: Federal Reserve Bank of New York, New York , Risk Group Controls Testing Program Specialist, Other , New York, New York

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