Capital Markets Risk Supervising Examiner (Wholesale Credit Risk)

Company: Federal Reserve Bank of New York
Location: New York
Posted on: May 28, 2023

Job Description:

Capital Markets Risk Supervising Examiner (Wholesale Credit Risk) page is loaded Capital Markets Risk Supervising Examiner (Wholesale Credit Risk) Apply locations New York, NY time type Full time posted on Posted 2 Days Ago job requisition id R-0000017198 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 Supervision Group of the Federal Reserve Bank of New York (FRBNY) supervises banks in the Second District. The objectives of supervision are to:

• Evaluate and promote the overall safety and soundness of supervised institutions
• Ensure supervised institutions' compliance with relevant laws and regulations, including consumer protection
• Facilitate the stability of the financial system of the United States
• Support the growth and stability of the U.S. economySupervision is carried out through a combination of methods, including on-site and off-site examinations involving staff dedicated to the supervision of an individual firm and other professionals focused on analytical, policy and risk matters. Supervision is coordinated with other US agencies.The Large Institution Supervision Coordinating Committee (LISCC) Program function is responsible for executing the LISCC supervisory program (covering Capital, Governance and Controls, Liquidity, Recovery and Resolution Planning, and Monitoring and Analysis) for domestic global systemically important banks (G-SIBs). This supervision is accomplished through close coordination and in partnership with LISCC Dedicated Supervisory Teams (LISCC - DST) assigned to supervise individual firms, other Group business leaders, as well as LISCC leadership at the Board of Governors and other Federal Reserve Banks. Your role as Capital Markets Risk Supervising Examiner (Wholesale Credit Risk): As a LISCC Capital Markets Risk Supervising Examiner, you will work in a dynamic, team environment and play an important role in helping the Federal Reserve carry out its regulatory responsibilities.The Capital Markets Risk Supervising Examiner will serve as an expert credit risk examiner responsible for Wholesale Examiner activities to evaluate the risk management and control frameworks of complex financial institutions with respect to wholesale credit risk. This entails leading and/or contributing to firm-specific and horizontal data management and assessment, and supervisory reviews in the areas of governance, strategy, financial condition, independent risk management, internal controls (including Credit Review and Internal Audit), and business line management.Core responsibilities include:
  • Lead or participate in firm specific and horizontal examinations and develop well supported supervisory assessments.
  • Present examination results to supervised institutions, Federal Reserve management, staff, and other supervisory authorities.
  • Drive and execute continuous monitoring regimes including meetings with management, review and analysis of internal risk reports, performance reports, budget projections, business plans, and committee meeting minutes and other materials for assigned institutions.
  • Build and maintain relationships with supervisory teams and other risk specialists and proactively collaborate with internal/external supervisory colleagues to arrive at a shared understanding of supervised firms' material issues, emerging risks, and remediation progress.
  • Analyze current industry practices, conditions and trends to identify inherent/emerging risks as financial products and markets evolve.
  • Stay abreast of supervisory developments in capital markets and wholesale credit risk management.
  • Provide guidance, mentoring, coaching, and training to other employees within the job area, and manage major/complex projects, including delegation of work and review of work products.
  • Advance a high standard of operational excellence in executing the supervisory program and associated operational processes. What we are looking for:
    • Advanced expertise in wholesale credit risk focus areas of credit risk management, loan analysis, loan review, risk management and governance. Broader experience assessing or analyzing financial risks or stress testing, ideally related to wholesale credit risk, preferred.
    • Strong collaboration skills with an ability to build deep, productive working relationships and promote an inclusive culture that values learning and agility, curiosity, and sharing of diverse perspectives among the supervisory stakeholders to identify optimal outcomes.
    • Ability to undertake supervisory activities under limited guidance and with autonomy and discretion, prioritize and multi-task, quickly assimilate new information, produce sound analysis.
    • Excellent communication skills (both written and verbal), including ability to listen attentively to various viewpoints, capacity to synthesize and communicate varying information and perspectives succinctly and persuasively to stakeholders. Salary Range: $178100 - $207900 / year 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 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. 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. 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 Similar Jobs (2) Capital Markets Risk Supervising Examiner (Wholesale Credit Risk) locations New York, NY time type Full time posted on Posted Yesterday Capital Markets Risk Supervising Examiner (Retail Credit Risk) locations New York, NY time type Full time posted on Posted 3 Days Ago About Us OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States-one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.Why Our People Choose Us: Our reputation precedes us
        There will always be room for personal growth
        Our people are first
        You'll find the right balance
        Your responsibilities will be meaningfulWe hope that you will be our future colleague.

Keywords: Federal Reserve Bank of New York, New York , Capital Markets Risk Supervising Examiner (Wholesale Credit Risk), Other , New York, New York