Business Risk Specialist at Federal Reserve Bank (FRB) in New York, New York

Job Description:

Company

Federal Reserve Bank of New York

Working 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's Mission is to help the Bank achieve its strategic objectives through value-added independent and integrated risk assessments, independent risk oversight, and by providing advice, insight, and tools that enhance resilience and improve business outcomes.  

The Business Risk Advisory & Support function aligns closely with business stakeholders as a strategic partner to proactively address and mitigate potential risks to the Bank. The team accomplishes this by providing strategic guidance and expertise through value-added risk frameworks, tools, processes, training and advisory services to businesses leaders and departments, as well as risk reporting to key stakeholders. 

Your role as a Business Risk Specialist:

• Maintain effective relationships with stakeholders to provide an independent and integrated view of risks across business operations, strategies, programs, and objectives. 




• Utilize domain expertise to offer guidance, analysis, and insights for informed decision making and improved business effectiveness.  




• Facilitates the design and implementation of risk management programs aligned with the most relevant business risks. 




• Provide a portfolio view of risk, encompassing anticipated risk levels, strategies, and mitigation plans for stakeholders, including the Chief Risk Officer and senior business leaders 




• Support the businesses in identifying issues that require remediation. Collaborate with cross-functional teams to understand context of identified issues, conduct root cause analysis, and provide insights to support risk mitigation strategies 




• Collaborates with cross functional teams, risk managers and other stakeholders to understand requirements and incorporate them into risk management programs.  




• Prepare and communicate clear, timely and comprehensive reports highlighting the organization’s exposure to potential risks and providing actionable insights to inform decision making. 




• Develop and deliver training programs to enhance awareness and understanding of domain specific risk topics.  




• Serve as coordinator and integrator for material risk management initiatives across relevant stakeholders, enabling the exchange of risk intelligence to deliver reliable, timely and actionable insights.   

What we are looking for:

• Experience in a consulting or advisory capacity, demonstrating a track record of providing strategic risk management guidance and insights to businesses. 




• Strong knowledge of risk management frameworks and practical approach to implementation of risk management practices. 




• Demonstrated passion and genuine enthusiasm for the field of risk management. 




• Strong knowledge of industry trends and best practices, and a keen understanding of the broader business environment. 




• Demonstrated ability to cultivate and maintain effective relationships with stakeholders

Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.

Salary Range: $155400 - $267300 / year
We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.

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 New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules. 

 

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, pregnancy, or military service. 

 

We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.org and we’ll be glad to help. 

 

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 Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Risk Management

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.

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