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. It is a challenge that demands the skills of a financial service professional and the intelligence of an academic-all combined with a passion for public service.

What we do:
The Financial Market Infrastructure Function in the Supervision Group examines systemically important Financial Market Utilities (FMU) and Significant Service Providers (SSP) domiciled in the Tri-state region. The FMU supervisory team is one of five teams in the Function; its core mission is to identify, understand and assess the effectiveness of supervised entities' management of information technology, cybersecurity, and operational risks for payment, clearance and settlement (PCS) services.

Your role as Cyber & IT Risk Specialist:
As a Cybersecurity & IT Risk Specialist, you will conduct technology and operations examinations for a systemically important payment system under our supervisory authority, and serve as a Federal Reserve System (FRS) IT subject matter expert . Given the complexity and systemic importance of the institutions we supervise , this position entails close attention to firm-wide IT strategy, risk management practices and controls. The responsibilities of the position include assessing technology and operational risk management programs and associated management information systems for safety and soundness, and compliance with applicable banking laws, regulations, and policy statements. The role will entail close collaboration with different supervisory teams on examinations of technology, information security, operational resiliency and third-party risk management.

• Lead technology and operational risk examinations and cross-firm horizontal reviews.
• Prepare informative, well-supported supervisory products and work papers on firm specific technology and operational risks and emerging industry trends.
• Perform monitoring across the FMU portfolio to understand micro (institution specific), horizontal (industry wide/peer), and macro (financial system) technology and operational risks.
• Help develop supervisory plans for risk-based supervision factoring in the size and complexity of activities and materiality of supervisory findings.
• Develop and maintain ongoing relationships with supervisory personnel across the FRS and other regulatory agencies (SEC, CFTC, OCC, FDIC), and senior management at supervised entities to ensure strong lines of communication exist to convey supervisory expectations.
• Contribute to the evolution of FRS technology and operational risk programs and policy development for supervision of systemically important payment systems.
• Maintain knowledge of the latest technologies, threats/vulnerabilities and risk management practices/techniques and its effects on the FMU and SSP ecosystem.

• 8+ years of direct work experience with auditing or managing technology functions and technical controls using industry standard frameworks such as FFIEC, NIST, SANS, PCI, and ISO.
• Bachelor's degree in computer science or related fields (e.g., cybersecurity, information technology, information systems, computer engineering)
• Familiarity with information technology and security programs and associated controls with payments systems and clearance and settlement activities experience preferred
• Knowledge of enterprise risk management industry practices including business resiliency, project management, risk control self-assessments, vendor management, data governance and technology development and testing practices.
• Experience dealing with different levels of management, boards of directors and regulatory agencies.
• An industry recognized information technology or information security certification (e.g., CISA, CISM, CISSP, Cloud Cert or vendor certifications) or interest in pursuing any of the listed certifications.

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
• Flexible Work Arrangements
• And more

Application Deadline: Friday, April 16th

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 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.

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.