Liquidity and Market Risk Specialist

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 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. economy

Supervision 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 Regional and Community Financial Institution (RCFI) function is responsible for monitoring and assessing the safety and soundness of state member banks and domestic bank holding companies under $100 billion in the Second District.

This includes state member banks and bank holding companies headquartered in Puerto Rico. Within RCFI, regional banking organizations (RBOs) have total assets between $10 billion and $100 billion.

Your role as a Liquidity and Market Risk Specialist, Institutional Supervision Supervising Examiner :

• Act as a Liquidity and Market Risk Specialist covering examinations for banks under $100 billion.
• Lead or participate in examinations / inspections to determine the quality of a firm's liquidity position and the effectiveness of a firm's liquidity risk management program and validate remediation efforts of identified issues.
• Lead or participate in examinations to determine the firm's market risk exposure, balance sheet position and the level of control of market risk compared to the balance sheet risk.

Evaluation of the interest rate risk (NII) and equity of value (EVE) models and assumptions.

Serve as backup to the Central Point of Contact across a range of risks and supervisory analyses when needed, in addition to serving as Liquidity and Market Risk Specialist.

This support can include exam management, meetings with the firm, and interpretation of data screens into exam and other follow-up work.

• Demonstrated ability in risk stripes beyond liquidity to support team.
• Prepare informative, well supported supervisory products and work papers, effectively communicating supervisory findings, including required actions to senior management and board of directors.
• Analyze current industry practices, conditions, and trends and identify inherent / emerging risks as financial products / markets evolve.
• Synthesize and analyze complex financial and risk information and applying that knowledge to a broad range of financial issues.
• Develop and maintain strong ongoing relationships with relevant stakeholders.
• Present analytical understanding of supervised institutions to Federal Reserve management, staff, and other supervisory authorities.
• Actively provide guidance, mentoring, coaching, and training to other employees within the job area.
• Advance a high standard of operational excellence in executing the supervisory program and associated operational processes.
• Participate in Federal Reserve System and local liquidity / market risk initiatives and contribute to the development of policies to enhance the supervision of financial firms.
• Commissioning highly recommended. If not already commissioned, then commitment required to become commissioned while in the role.

What we are looking for :

• Extensive experience and advanced understanding of financial markets and banking system, bank funding products, Bank Holding Company structures and key liquidity metrics / regulations for liquidity risk management.
• Strong understanding of market risk and sensitivity modeling.
• Significant experience in developing and implementing liquidity reporting and analytics.

Salary Range : $155400 - $229300 / 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.

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.

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

This position requires access to confidential supervisory information (CSI) and / or Federal Open Market Committee (FOMC) information.

Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of "protected individual" under 8 U.

S.C. 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and / or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.

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 redacted and we'll be glad to help.

Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process.

All other inquires including the status of applications will not receive a response from this e-mail box.

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)

Job Category

Supervisory / 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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