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 and Foreign Banking Organization (LFBO) Function within the Supervision Group at the Federal Reserve Bank of New York is responsible for monitoring and assessing the safety and soundness of Second District firms that are domestic or foreign-owned with U.S. operations over $100 billion in assets, excluding the Large Institution Supervision Coordinating Committee (LISCC) firms. This is accomplished through system horizontal reviews, target examinations and continuous monitoring programs.
Roles and Responsibilities:
You will be responsible for monitoring and assessing governance and controls practices at the firm , including board effectiveness, management of business lines , and independent risk management and controls. You will help execute business line and independent risk management and controls reviews, in collaboration with DST members and risk specialists, in the areas of governance, strategy, risk management, and business line accountability . The G&C Associate will also help develop and execute activities to evaluate board effectiveness. The G&C Associate will also help monitor one or more of the firm's major businesses, which include commercial, consumer and wealth/asset management. You report to the Dedicated Supervisory Team's (DST) CPC, with day-to-day activities overseen by the DST's Deputy CPC/G&C Lead.
Contribute to evaluation of the adequacy of governance and controls practices across one or more of the firm's major business lines and independent risk management and control functions , through monitoring and examination activities, with a focus on:
Governance: Ensure senior management maintains an effective risk management 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.
Contribute to evaluation of board effectiveness, including through review of board-level reports, MIS packages, and board meeting minutes.
Collaborate on, and contribute to, G&C-related internal supervisory assessments and communications to the firm , including quarterly LFBO internal ratings assessments and the Annual Roll-Up, working closely with the DST's Deputy CPC/G&C Lead and other members of the team.
Participate in regular meetings with firm senior management across business line, independent risk, and control functions to develop comprehensive views of governance and controls practices.
Monitor and analyze the firm's management reporting/MIS to identify potential changes in risk profile or strategy.
Build and maintain effective communication channels with the firm's business line and risk functions to facilitate timely flow of information and the ongoing follow-up and remediation of identified supervisory issues.
Build and maintain strong working relationships with other DST members, risk specialists, LFBO System and Board of Governors colleagues, and other U.S. bank regulators to support monitoring and assessment activities and the ongoing follow-up and remediation of identified supervisory issues.
Ensure timely and high quality execution of supervisory activities and products in line with LFBO operating procedures.
Participate in other DST priorities and system-wide LFBO horizontal reviews as needed (e.g., mandated exams, topical horizontal coordinated reviews, cyber horizontal, horizontal capital review, horizontal liquidity review, or other Board of Governors-required reviews).
Qualifications: You Have:
Strong analytical and critical thinking skills , and ability to assimilate new information and produce sound analysis
Effective communication skills ( both written and verbal ) and execution capabilities, with track record of producing quality work products within desired timeframes
Strong interpersonal and collaboration skills to support effective interaction with colleagues across the Bank, Federal Reserve System, and management/staff at the supervised firm
Ability to work independently and demonstrate sound judgment in balancing competing priorities
Minimum 5 years of professional experience , with knowledge in the area of retail business lines and/or retail credit risk a plus
Working knowledge of financial industry; for example professional or supervisory experience with banking business lines , financial analysis, and/or risk management, or strong desire to develop knowledge in one or more of these areas
Experience with complex financial institution supervision a plus
Commissioned examiner welcome; otherwise willing to undertake commissioning training
Master's Degree in economics, business, finance , public policy preferred
Limited domestic 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 service.