Capital Markets Risk Associate
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 of an academic—all combined with a passion for public service. What we do:
The Large Institution Supervision Coordinating Committee (LISCC) function develops and executes a continuous risk-focused supervisory program for the most complex financial institutions in the Second Federal Reserve District, which includes US Bank Holding and Intermediate Holding Companies that are subject to the Federal Reserve Systems’ oversight. This includes an understanding of and assessment of the assigned firm’s risk profile, governance structure, and strategy with the expressed goal of identifying institutional-specific and horizontal/systemic areas of concern. Its primary objective is to maintain safe and competitive U.S. and global banking systems.
The Dedicated Supervisory Team (DST) takes a target examination and an enhanced continuous monitoring approach to supervision. DST Capital Program Associate is expected to participate in the Comprehensive Capital Analysis and Review (CCAR) and other target examinations and monitoring, and to maintain a detailed understanding of the assigned firm’s capital plan, capital planning process, risk identification capabilities, financial performance, and governance and control frameworks. You will report to the Capital Team Lead. Your role as Capital Markets Risk Associate:
Qualifications: You Have:
- Collaboration: You will work with specific horizontal exam team (HET) work-streams assigned to obtain horizontal perspective and ensure that the DST is applying supervisory expectations consistently. Assist DST Capital Lead in developing productive relationships with key business and finance contacts at the supervised LISCC firm to discuss, investigate, and understand topics relevant to the Capital Program.
- CCAR: Reporting to the DST Capital Lead, help execute the firm-specific components of the Capital program approved by the LISCC Operating Committee.
- Financial risks: The Capital Program includes assessments of risk management and controls of financial risk, specifically market, credit, counterparty, and interest rate. You will assist the DST Capital Lead in development of supervisory plan to include capital planning process-specific objectives.
- Capital assessment and rating: You will assist with assignment of a rating for the firm’s annual capital planning and position (Capital rating).
- Coordination with MAP and G&C: Assist with other LISCC program pillars, including the Monitoring and Analysis Program (MAP) and Governance and Controls (G&C) in conducting monitoring across a range of performance and areas at the firm.
- Administration: Contribute to the documentation of deliverables, such as Baseline Monitoring tools or CCAR templates, in a manner that meets the operational excellence standards and program guidance.
- Strong analytical and critical thinking skills.
- Strong communication skills and execution capabilities, with track record of producing quality work products within desired timeframes and ability to deliver supervisory messages to senior management at the supervised firm.
- 5 or more years of supervisory and examination or related industry experience, with knowledge in the areas of capital planning.
- Experience with complex financial institution supervision a plus.
- Commissioned examiner preferred; otherwise willing to undertake commissioning training.
- Master’s Degree in business, finance, economics or public policy and/or CPA/CFA preferred.
Our organization offers benefits that are the best fit for you at every stage of your career:
Please note that the 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 permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements. In addition, all candidates must undergo an enhanced background check and comply with all applicable information handling rules. 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.
- Fully paid Pension plan and 401k with Generous Match
- Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)
- Subsidized Public Transportation Program
- Tuition Assistance Program
- Onsite Fitness & Wellness Center
- Flexible Work Arrangements
- And more which you can find here