Description of Role:
You will lead evaluations of the effectiveness of business line and risk management practices at a firm within the large and foreign banking organization (LFBO) portfolio of institutions supervised by the Federal Reserve System (System). As a specialist with a background in retail credit risk, you will contribute to assessments of all aspects of retail credit risk management (including retail credit operations), with an in-depth focus on the risks associated with automobile financing activities. As a member of a dedicated supervisory team (DST), you will work with the team to synthesize assessments of retail credit risk into broader evaluations of capital planning and governance and controls at the firm. You will also participate in cross-institutional reviews in your specialty area, assessing firms’ risk management capabilities and enhancing the System’s understanding of retail credit risk within the LFBO portfolio.
The position and job description posted is for a Senior Risk Specialist. However, you will be placed into an appropriate level within the Risk Specialist family based your degree of experience.
- Lead the oversight of auto financing activities, and participate in wide-ranging assessments of retail credit risk, at a large financial institution. Help prepare the retail credit supervisory strategy and risk assessment, and help vet scopes and findings related to this specialty area.
- Provide perspective to understand emerging risks, risk management practices, and regulatory issues and themes, related to retail credit risk.
- Participate in risk-focused reviews of retail credit activities, and provide written observations and findings appropriate for inclusion in supervisory reports to senior management and boards of directors.
- Evaluate the effectiveness of management, and influence their actions through satisfactory relationship management including negotiation and conflict resolution. Demonstrate well-reasoned conclusions in situations that involve complex issues and potentially adversarial circumstances.
- Be a team and System resource by leading or participating on high-level projects, workgroups, horizontal reviews, and strategic initiatives. Contribute to the understanding of latest risks, risk management practices and changes in System supervisory policies, procedures, tools and guidance.
- Be a role model by playing a leadership role in promoting teamwork and in encouraging a positive work environment. Provide constructive feedback to management and team members and assume responsibility for resolving issues.
- Experience normally acquired through, or equivalent to, the completion of an advanced degree and/or obtainment of other advanced professional designations, licenses, or certifications and either 10-12 years of commensurate financial industry or regulatory work experience of a Bank Commission plus 6-7 years of work experience post commissioning.
- Proficient technical knowledge in retail credit risk management.
Our total rewards program offers benefits that are the best fit for you at every stage of your career:
- Comprehensive healthcare options (Medical, Dental, and Vision)
- 401K match, and a fully funded pension plan
- Paid vacation and holidays; flexible work environment, healthy workflow
- Annual tuition reimbursement
- Professional development programs, training and conferences
- And more…
The Federal Reserve Bank is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
This position requires access to confidential supervisory information and/or FOMC 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, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe.
Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. You must undergo an enhanced background check and comply with all applicable information handling rules.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.