CAIA's Career Center is an easy-to-use, comprehensive resource connecting job seekers with employers in the growing AI field. Use your knowledge and credibility to advance your career or build a talented team for your organization. Opportunities targeted to CAIA Charterholders are prioritized.
In order to search for jobs specifically for CAIA Charterholders or those pursuing the CAIA Charter please enter “CAIA” in the search panel.
This will enable you to search for CAIA specific roles globally.
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 an academic—all combined with a passion for public service.
Overview of Team:
The Large FBO Department in the LFBO Function supervises the U.S. Operations of large foreign financial institutions with varying levels of complexity and, are subject to different supervisory programs and applicable regulatory guidance. All the firms, however, are currently subject to requirements as outlined in Regulation YY- Enhanced Prudential Standards for Bank Holding Companies and Foreign Banking Organizations and the Federal Reserve's Consolidated Supervision Framework, outlined in SR 12-17. The department is organized along three large teams, each focusing on the comprehensive supervision of a group of institutions.
Roles and Responsibilities:
You will lead and contribute to the monitoring and assessment of governance and controls practices across a firm's major businesses that can include corporate & investment banking, commercial banking, consumer banking, and wealth/asset management. Working collaboratively with supervisory team members and risk specialists, the G&C Senior Associate will lead and/or support business line and independent risk reviews in the areas of governance, strategy, risk management, and business line accountability .
Lead and/or participate in the monitoring and evaluation of governance and controls practices across the firm's major business lines and independent risk functions, with a focus on:
Governance: Ensure senior management maintains an effective risk management and internal control framework, and enables and enforces prudent risk taking behaviors and business practices.
Strategy: Confirm business line activities are executed consistent with the firm's strategy and risk appetite.
Risk Management: Ensure that inherent risk is comprehensively identified and measured, and that this information is provided to senior management.
Business Line Accountability : Evaluate management's ability to ensure employees operate within established policies, act in compliance with applicable laws, regulations, and supervisory expectations.
Remediation: Evaluate management's progress in remediating supervisory findings and enforcement actions.
Lead and/or collaborate /contribute to G&C-related supervisory assessments and communications to the firm , including quarterly internal ratings assessments and Annual Roll-Up.
Meet regularly with firm management across business lines , independent risk, and internal audit to develop comprehensive views of governance and controls practices, including data management and regulatory reporting.
Analyze the firm's management reporting/MIS to identify potential changes in risk profile or strategy.
Build and maintain communication channels with firm's business line and risk functions to facilitate timely flow of information.
Lead and/or participate in other team
Qualifications: You Have:
Master's degree in economics, business, finance , public policy preferred;
7 years of supervisory and examination or related industry experience , with strong knowledge of capital markets;
Strong supervisory judgment and experience, and ability to assimilate new information and produce sound analysis;
Strong communication skills (both written and verbal) and execution capabilities, with experience producing quality work products within desired timeframes and ability to deliver supervisory messages to senior management at the supervised firm;
Ability to work independently and demonstrate sound judgment in balancing competing priorities ;
Strong interpersonal and collaboration skills to support effective interaction with colleagues across the Bank, Federal Reserve System, and management/staff at the supervised firm
Commissioned examiner preferred; otherwise willing to undertake commissioning training;
Some travel may be required for examinations, vettings, training, and meetings.
Our organization offers benefits that are the best fit for you at every stage of your career:
Pension plan fully paid by the Federal Reserve Bank
401K plan with generous match
Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)
Tuition Reimbursement Program
Onsite Wellness & Fitness Center
Backup Dependent Care (Child & Adult)
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 servic e.