Federal Reserve System Liquidity Risk Lead Examiner at Large and Foreign Banking Organization (LFBO) in New York, New York
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 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
Facilitate the stability of the financial system of the United States
Support the growth and stability of the U.S. economy.
Supervision is carried out through a combination of methods, including on-site and off-site examinations involving staff dedicated to the supervision of individual firms and through other professionals focused on analytical, policy and risk matters. Supervision is coordinated with other US agencies.
The Large and Foreign Banking Organization (LFBO) Function is responsible for monitoring and assessing the safety and soundness of two large domestic and all foreign-owned firms with U.S. Operations (FBOs) in the Second District.
Your role as an LFBO Liquidity Risk Lead Examiner:
As a Liquidity Risk Lead Examiner for the LFBO Portfolio, you will work in a dynamic, team environment and play an important role in helping the Federal Reserve carry out its regulatory responsibilities. The Liquidity Risk Lead Examiner will serve as liquidity risk expert responsible for examinations, continuous monitoring, and evaluation of the liquidity risk management frameworks of complex financial institutions. This entails leading and/or contributing to firm-specific reviews as well as analytical and policy work.
Core responsibilities include:
Leading or participating in firm-specific and horizontal examinations; developing well supported assessments of firms’ liquidity risk management practices; presenting examination results to supervised institutions, Federal Reserve management, staff, and other supervisory authorities.
Conducting continuous monitoring regimes including meetings with management, and review and analysis of internal risk reports, business plans, committee meeting minutes, and other materials for the assigned institution(s).
May be responsible for providing guidance, mentoring, coaching, and training to other employees within the job area.
Supporting a high standard of operational excellence in executing the supervisory program and associated operational processes.
What we are looking for:
Experience and understanding of financial markets, funding products and key liquidity metrics and regulations.
Subject matter expertise in one or more areas, such as liquidity risk, governance, risk assessments, monitoring, and audit.
Thought leadership, decision making and execution skills including ability to undertake supervisory activities under intermittent guidance and with significant autonomy and discretion, prioritize and multi-task under tight time constraints, quickly assimilate new information, produce sound analysis, and invite challenge to ensure all angles of an issue are explored as part of the decision-making process.
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.
Commissioned examiner and/or Examiner-in-Charge (EIC) experience preferred; candidate must be willing to enroll in the large financial institution examiner commissioning program (LFI ECP) upon acceptance of the position.
Salary Range : $132200 - $165300 / 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 .
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.
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 (https://www.newyorkfed.org/careers/benefits_health.html)
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.
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 Time
Regular / Temporary
Job Exempt (Yes / No)
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.
Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)
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 meaningful
We hope that you will be our future colleague.