Data Risk & Compliance Lead

Federal Reserve Bank of New York; Cleveland (OH); On-site; USD 111,000 - 139,000; Full time

Job summary

The Federal Reserve Bank of Cleveland is seeking a meticulous Data Risk and Compliance Lead for Privacy and Records Management. This role ensures proper handling, storage, and retrieval of information across departments with a strong emphasis on confidentiality and regulatory compliance.

You will lead privacy and records programs, conduct risk assessments, oversee vendor privacy reviews, and collaborate with legal, IT, and compliance to enforce governance, training, and documentation across the

Qualifications

• Proven experience in privacy, records, and information management within regulated environments.
• Familiarity with governance, risk and control systems and privacy laws/regulations.
• Excellent communication, analytical and problem-solving skills.

Responsibilities

• Lead local privacy program operations and privacy procedure management.
• Oversee Electronic Records Management Program and records compliance.
• Collaborate on information governance standards with legal, compliance, and IT.
• Manage privacy and records projects, systems implementations, and process improvements.
• Prepare privacy and records management documentation and regular status reports.

Skills

Privacy governance

Records management

Information governance

Project management

Analytics

MS Office

Communication skills

Education

Associate's degree

Bachelor's degree

Master's degree

Tools

Microsoft Office Suite

GRC systems

Job description

Company Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland’s mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems while representing the Fourth District perspectives. As part of the nation’s central bank, we are a team of mission-driven professionals who are committed to serving with excellence.

Our core values are: Build Trust Every Day, Own Our Actions, Collaborate with Intention, and Be Open to Change.

For twenty-six years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Follow us on LinkedIn, Twitter, Instagram, and our YouTube channel – Cleveland Fed.

For the business lines supported by Cleveland including those that are owned by the Department of Treasury’s Bureau of the Fiscal Service, the Data Risk and Compliance Lead position supports the risk posture around data, specifically Privacy and Electronic Records Management, by ensuring compliance with System, government, and industry frameworks, facilitating audits, and risk assessments, and working closely with departments to ensure their data and processes are inventoried and in compliance.

Job Description

The Federal Reserve Bank of Cleveland is seeking a meticulous and highly organized Data Risk and Compliance Lead for Privacy and Records Management. This role is critical in ensuring the required assessments, handling, storage and retrieval is completed for all records and information. The ideal candidate will have a strong understanding of privacy and records management principles, a keen eye for detail, and the ability to maintain strict confidentiality. This position will support various departments within the Bank, ensuring compliance with federal regulations and internal policies.

The scope of the role includes, but is not limited to:

• Privacy:
  • Highly engaged privacy program leader and privacy subject matter expert.
  • Lead local operations of the System Privacy Program.
  • Mature and manage the local Privacy Procedures to ensure compliance with System Privacy Program requirements and standards.
  • Advise Department on Personally Identifiable Information collection, use, sharing, and minimization.
  • Manage the local Privacy Inventory, risk assessment, and privacy risk reduction efforts.
  • Lead vendor privacy assessments.
  • Review Privacy Controls for local IT systems.
  • Support the local Privacy Officer for incident response.
• Records Management:
  • Highly engaged records management program leader and records management subject matter expert.
  • Lead local operations of the Electronic Records Management Program.
  • Mature and manage the local Records Management Procedures to ensure compliance with System Records Management Forum requirements.
  • Perform thorough review of department’s Records Management processes and documentation to assist in ensuring accurate classification, indexing, and filing of electronic records.
  • Conduct reviews and inventories of records to ensure compliance with retention schedules and regulatory requirements.
• Information Governance:
  • Collaborate with legal, compliance, and IT departments to establish and enforce information governance standards.
  • Monitor and ensure compliance with federal and state laws, regulations, and internal policies regarding records and information management.
  • Provide guidance and training to staff on records management policies and best practices.
• Project Management:
  • Lead and participate in records management and privacy projects, including system implementations and process improvements.
  • Work with cross-functional teams to ensure successful project outcomes.
• Reporting and Documentation:
  • Prepare and maintain privacy and records management documentation, including policies, procedures, and training materials.
  • Generate regular reports on privacy and records management activities, compliance, and system performance.

Expectations and Requirements

• Minimum of 3-5 years of experience related to privacy, records, and/or information management, preferably within a regulated industry.
• Knowledge of leading privacy and records management concepts and practices.
• Proficiency with governance, risk and control systems and Microsoft Office Suite.
• Ability to analyze highly complex business requirements.
• Project Management, time management skills, and the ability to prioritize and multi-task.
• Excellent organizational, analytical, and problem-solving skills.
• Excellent verbal and written communication skills.
• Strong communication and interpersonal skills, with the ability to train and support staff at all levels.
• High level of integrity and the ability to handle sensitive and confidential information with discretion.

Education and Experience

• Associate's degree and 9+ years of related work experience.
• Bachelor’s degree and 7 years of related work experience.
• Master’s degree and 5 years of related work experience.

Location: Cleveland, OH

The expected starting salary range for the Data Risk & Compliance Lead is between $111,400 and $139,200 annually. Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and market data.

Physical Demands and General Working Conditions

This is not necessarily an exhaustive list of all responsibilities, duties, 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, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time.

Reasonable Accommodation Statement

The Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided with reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment.

To request a reasonable accommodation for any part of the employment process, please send an email to [e-mail].

Bank’s Ethics Rules and Drug Testing

As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting. In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.

Full Time / Part Time Full time Regular / Temporary Regular Job Exempt (Yes / No) Yes

Job Category Information Technology Family Group Work Shift First (United States of America)

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

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 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.