Supervisory Examiner

Federal Reserve Bank of New York; New York (NY); On-site; USD 164,000 - 242,000; Full time

Benefits offered by this job

Educational assistance

Comprehensive health plans

Pension plan and 401(k) match

Onsite fitness center

Job summary

The Federal Reserve Bank of New York seeks experienced professionals to join the Supervision Group, overseeing the safety and soundness of banks in the Second District. You’ll assess risk, collaborate with regulators, and present analytical results to diverse stakeholders.

Roles require leading examination work, deep risk knowledge, and strong communication. CFA/FRM designations or data analytics skills are a plus. This is a full-time onsite position supporting U.S. financial stability.

Qualifications

• Examinations experience in large banks and familiarity with supervisory expectations.
• Experience with financial and non-financial risk management, including market, credit, liquidity, operational, compliance, and IT/Cyber risks.
• Excellent project management, communication, interpersonal, and collaboration skills.
• For some roles, CFA, FRM designation or strong data analytics skills preferred.

Responsibilities

• Maintain deep knowledge of firms and industry strategy, risk profile, governance, risk management, and control functions via monitoring, analysis, and examination activities.
• Contribute to development of supervisory priorities and supervisory plans to assess core risks.
• Develop and present examination and analytical results to stakeholders.
• Collaborate with Bank, FRS and interagency partners to develop supervisory responses to risks.
• Help identify and address emerging risks to supervised firms and financial stability.

Skills

Leading examinations

Supervisory experience

Risk management

IT/Cyber risk knowledge

Project management

Communication

Data analytics

Job description

Company Federal Reserve Bank of New York

When you work at the New York Fed, you have the opportunity to make an impact in our communities and across the nation. Our mission-driven, curious, and dedicated colleagues apply their diverse perspectives and unique talents to support the strength of the U.S. economy and stability of the global financial system.

At the Bank, we work full-time onsite with our teams. We believe being physically together allows us to draw on our collective strengths, while recognizing that the ability to work flexibly from time to time remains important to achieving our mission.

Our Unique Work

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; 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 Supervision Group at FRBNY is responsible for the day-to-day supervision of Globally Systemically Important Banks, Large and Foreign Banking Organizations, Regional and Community Banking Organizations and Financial Market Utilities that are based in the Second District. The supervisory teams execute examinations, monitoring, and analysis in coordination with staffs of the Board of Governors, other Reserve Banks, and other domestic and international agencies. Supervision staff develop a deep understanding of the safety and soundness of the firms and the broader banking industry; recommend supervisory plans and ratings; and execute examinations, monitoring events and financial analysis. Supervisors focus their work on risks including Capital, Governance and Controls, Liquidity, Resolution and Recovery; and the overall financial and operational resiliency of the firms’ and the broader financial system.

How You’ll Make an Impact

• Maintain deep knowledge of the firms and industry strategy, risk profile, governance, risk management, and control functions via monitoring, analysis, and examination activities.
• Contribute to the development of supervisory priorities and supervisory plans needed to assess core risks and make well-supported recommendations.
• Develop and present examination and analytical results to a range of stakeholders and supervised institutions.
• Collaborate and build relationships with Bank, Federal Reserve System and Interagency partners to develop supervisory responses to, and analysis of inherent and emerging risks.
• Help identify and address emerging risks to supervised firms, the financial system, and financial stability.

Unique Skill Sets We’re Looking For

• Ability to take on a leading role on examinations at financial institutions and/or an ability and willingness to learn about complex regulations, including supervisory expectations and findings.
• Supervisory or industry experience in large bank activities, including commercial banking, retail banking, payments, investment banking and/or global markets trading businesses, including experience of financial and non-financial risk management and audit functions.
• Supervisory or industry experience with financial and non-financial risks, such as market risk, credit risk, liquidity risk, operational risk, compliance risk, internal audit and IT/Cyber.
• Working knowledge of relevant supervisory standards for financial strength, compliance, and risk management practices at large financial institutions.
• Excellent project management, communication, interpersonal, and collaboration skills.
• For some roles, CFA, FRM designation, and/or strong data analytics skills preferred.

Salary Range: $164200 - $242200

How We’ll Support You

• Learning & Growing: Educational assistance, career development tools, and stretch opportunities
• Supporting Your Family: Parental leave, adoption assistance, back-up dependent and elder care, college planning resources, and more
• Managing Your Health: Comprehensive insurance plans, leave policies, onsite Health & Wellness Center, and onsite Fitness Center
• Optimizing Your Finances: Pension plan, 401(k) with generous match, financial planning resources, and subsidized public transportation program

Our Culture is deeply grounded in our Touchstone Behaviors— By working with us, you’ll have the opportunity to develop and demonstrate your ability to Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achieve success and set clear expectations for leading with impact at every stage of your career. Learn more.

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.

We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at [e-mail] 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 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.

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

We hope that you will be our future colleague.