What we do:
The overall mission of the Financial Market Utility (FMU) supervisory team is to provide effective supervision and oversight of systemically important financial utilities that provide payment, clearance, and settlement (PCS) services related to US dollar payments, FX, and Securities within the U.S., and that are deemed critical to second district institutions.
Your role as Risk Management, Operations, and Strategy Senior Associate
Develop and implement the supervisory program for the firm’s Real Time Payment activities with responsibility for evaluating governance arrangements, product office initiatives, legal arrangements, vendor dependencies, operational resiliency, risk management and associated controls.
Follow potential changes to the firm’s various product offerings from a business case and risk management perspective and impact on broader financial system stability.
Lead team efforts to review and assess the firm’s real time payment activities with respect to Significant Service Provider (SSP) interagency guidelines.
Contribute to the team’s creation of supervisory products including the annual assessment and supervisory plan, with a particular focus on the firm’s enterprise risk management program.
Lead continuous monitoring meetings with the firm in areas of responsibility, including agenda setting and documentation of supervisory activities.
Evaluate the firm’s progress in MRA remediation for areas of responsibility.
Contribute to other team, function and System wide priorities as needed (e.g. horizontal exams, projects).
Develop and maintain strong ongoing relationships with supervisory personnel at the Board of Governors and at other regulatory agencies.
Provide coaching and mentoring of less experienced colleagues.
This position requires access to confidential supervisory 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, U.S. permanent residents who are not yet eligible to apply for naturalization and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.
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.
Why the Fed:
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'll work in an environment with a diverse group of talented professionals to foster and support the safety, soundness, and vitality of our economic and financial systems. It's a challenge that demands the skills of a financial services professional and the intellectual curiosity of an academic—all combined with a passion for public service.
The Federal Reserve Bank of New York is committed to a work environment that respects and fully values the strengths and differences of its people. Working at the New York Fed provides talented professionals the chance to grow their skills at an institution that has served a critical role in the financial system of the United States and the world for over a century. An important component of the Bank’s diversity effort is our partnership with several professional non-profit organizations, including INROADS, JumpStart Advisory Group, NBDC Emerging Leaders, Seizing Every Opportunity, National Black MBA, Out for Undergrad, Prospanica and Reaching Out MBA. here to learn more.