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Senior IT Examiner/IT Examiner at Federal Reserve Bank (FRB) in Philadelphia, Pennsylvania

Posted in General Business 30+ days ago.

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Type: Full-Time

Job Description:

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:

SRC is responsible for the supervision and regulation of state member banks (SMBs), bank holding companies (BHCs), savings and loan holding companies (SLHCs), financial holding companies (FHCs), data service providers, trust companies and large and foreign banking organizations (LFBOs). Supervised financial organizations are located across the District and range in size and complexity from small community organizations to some of the largest banking organizations in the country.

A Senior IT Examiner serves as a technical subject matter expert on a dedicated supervisory team or partners with a supervisory event team to develop supervisory strategies, participate on supervisory events, and provide expertise to support the supervision of District organizations. The individual maintains advanced skills in a specific risk specialty area for Information Technology, as well as other risk areas, as determined. An IT Examiner generally performs the duties below for complex situations or financial organizations.

Principal Duties and Responsibilities:

Information Technology

Principal Duties and Responsibilities:

  • Assists in all phases of bank examinations for information technology issues, including risk management techniques, management information systems, audit, business continuity practices, acquisition and development practices and internal controls associated with IT related activities.
  • Assists with, but may also lead the preparation of the supervisory strategy and risk assessment for IT related activities and participate in the vetting of examination findings and preparing examinations or inspection reports.
  • Develops examination/project plans, timelines and milestones for supervisory events/projects of moderate complexity and acts to ensure plan goals are achieved.
  • Demonstrates intermediate to advanced analytical and problem solving skills, independent and critical thinking, and decision making abilities.
  • Conveys opinions, draws conclusions and offers persuasive arguments in a written format that is clear, concise, and appropriate to the information needs of the audience; prepares written well-supported examination reports reflecting critical and independent thinking.
  • Participates in or conducts meetings with bank management or boards of directors, and conducts briefings on a regular and ad hoc basis for internal and external stakeholders involving moderately complex to complex issues or situations.
  • Develops relationships with supervisory risk specialist personnel across the Federal Reserve System, as well as with senior management and directors of supervised financial organizations.

Education and Experience :

  • Bachelor's degree is required; a major in MIS, Information Systems and Technology, Computer Science, or a related field is preferred.
  • Minimum of 5 years of bank examination, internal/external IT audit, or financial institution IT experience is required.
  • CISA and/or CISSP certification strongly desired.
  • Working knowledge of core IT infrastructure components, such as operating systems, network, databases or banking software such as online banking and core banking processing applications, strongly desired.



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