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Supervisory Development Associate - Cyber IT Risk - Supervision Group-264730

Job Title:  Supervisory Development Associate – Cyber & IT Risk
Group:      Supervision Group
Location:  New York, NY
Start Date: Summer 2021
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. 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 Supervision Group at the Federal Reserve Bank of New York supervises and regulates financial institutions in the Second District. The Group’s mission is to ensure a safe, sound, and accessible financial system. Staff in the Group assess the safety and soundness of domestic banking institutions, operations of foreign banking organizations, and systemically important banks and nonbanks including financial market utilities in the District. These efforts are achieved through onsite assessments and offsite analysis and surveillance. The Group also analyzes issues and developments to identify emerging supervisory risks, develop cross-firm perspectives and develop domestic and international supervisory policy.
The Supervisory Development Associate Program is a training program that provides opportunities for new examiners to gain broad understanding and experience with Supervision’s supervisory activities through two 6-month assignments within the Group and through formal training before transferring to a pre-determined Supervision business area. Throughout the program, there will be a dedicated manager that provides ongoing coaching, mentoring and feedback to help you develop a career in Supervision. You are expected to remain in the program for its duration and in their pre-determined business area for six months before participating in the Bank’s internal posting process.
 Individuals in this job family cover financial firms and financial market utilities and broadly focus on three key areas within the IT discipline: (1) IT risk management for systems that support critical financial market infrastructure (2) business continuity and resiliency, and 3) information (including cyber) security. Individuals in this family provide firm-specific supervisory assessments, cross-firm analyses, and emerging issues analysis in these three key areas. Individuals have expertise in information security or IT risk management and have or develop proficiency in business continuity and resiliency. 
Principal Duties and Responsibilities
•      Help implement the Department`s methodology for identifying material information (including cyber) security, IT project management, and business continuity and resiliency risks within a firm or for a portfolio of firms with minimal supervision. This includes contributing to the evaluation of the effectiveness of governance and controls for managing those risks, and recommending supervisory actions as appropriate.
•      Build expertise in the areas of information security, business resiliency and/or IT risk management. Maintain and share current knowledge of emerging threats and vulnerabilities and related management practices, controls and tools. Contribute to the development of supervisory policy and expectations.
•      Help develop cross-firm analyses that provide insight into material and/or emerging technology risks affecting supervised institutions and/or the financial system.
•      Communicate technology risk concerns/issues and related recommendations to Department management and to management at supervised institutions as appropriate
Job Requirements (including Education and Qualifications)
•      At a minimum, Bachelor's degree in business or IT related field. MS required
•       Preferred: Certified Information Systems Auditor (CISA) required. Preferred certifications include Certified Information Systems Security Professional (CISSP), Project Management Professional (PMP), ITIL Service Manager Certification
•      Working knowledge of financial industry / bank accounting, financial analysis, financial market instruments, advisory services, asset management and financial risk management;
•      Superior written and oral communication skills and the ability to synthesize complex ideas and explain them clearly. He/She must be able to influence and persuade his peers both inside the Federal Reserve and at the supervised firm.
•      Strong coordination and collaboration skills and the ability to build effective working relationships within Supervision and with external stakeholders.
•      Strong organizational and management skills,
•      Highly task oriented with the ability to take initiative and produce results under tight time constraints, and manage effectively given rapidly evolving priorities;
•      Strong critical skills and clear, independent thinking. Agility and intellectual capacity to quickly assimilate new information as well as keep track of rapidly changing issues; and-
•       Strong self-management skills, as evidenced by ability to take initiative and ownership of assignments, produce results under tight time constraints both independently and as a member of a team operate within rapidly evolving priorities.
•       Generally a minimum of three to five years of relevant experience.
To Apply: Please provide a resume. 
 Our 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 which you can find here
 Early Careers Professionals
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.
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.
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. Click here to learn more.