Governance, Liquidity & Strategy Specialist, Financial Market Infrastructure - Supervision Group Governance, Liquidity & Strategy Specialist,  …

Federal Reserve Bank of New York
in New York, NY, United States
Permanent, Full time
Last application, 17 Jun 19
Federal Reserve Bank of New York
in New York, NY, United States
Permanent, Full time
Last application, 17 Jun 19
Governance, Liquidity & Strategy Specialist, Financial Market Infrastructure - Supervision Group
At the Federal Reserve Bank of New York, the work we do is consequential and challenging. Our environment encourages growth and diversity. Our employees flourish in a team-oriented atmosphere and are dedicated to the important mission of the New York Fed.

What we do:

The overall mission of the Financial Market Utility (FMU) supervisory team is to provide effective supervision and oversight of systemically important financial utilities that provide payment, clearance, and settlement (PCS) services related to US dollar payments, FX, and Securities within the U.S., and that are deemed critical to second district institutions.

Your role as Supervisory Associate:

  • Develop and implement the supervisory program for Dodd-Frank Title VIII activities with responsibility for evaluating governance arrangements, business product office, settlement activities, liquidity simulations, systemic risk management and associated controls.
  • Monitor governance and control arrangements to ensure they are clear and transparent and support the stability of the broader financial system.
  • Follow potential changes to the firm’s various product offerings from a business case and risk management perspective.
  • Lead team efforts to review and assess firm’s liquidity and settlement activities to ensure compliance with the Federal Reserve’s Regulation HH.
  • Contribute to the team’s creation of supervisory products including the annual assessment and supervisory plan.
  • Lead continuous monitoring meetings with the firm in areas of responsibility, including agenda setting and documentation of supervisory activities.
  • Evaluate the firm’s progress in MRA remediation for areas of responsibility.
  • Contribute to other team, function and System wide priorities as needed (e.g. horizontal exams, projects)

What we are looking for:
  • Bachelor’s degree required; master’s degree a plus.
  • Approximately 7-9 years relevant experience preferred.
  • Commissioned examiners a plus.
  • Relevant industry and/or supervisory experience in payments policy/processing and associated risks and controls is preferred. Will consider candidates with some exposure to treasury and transaction services, US dollar clearing, or intraday liquidity.
  • Familiarity with large-value payments systems and payments market infrastructure including Fedwire Funds, CHIPS, and SWIFT.
  • Intellectual curiosity to continue building your knowledge base and stay informed of industry developments.
  • Outstanding oral and written communication skills with ability to present complex information to effectively educate and influence others.
  • Strong critical thinking and analytical skills as demonstrated by the ability to quickly assimilate new information, make sound decisions, recognize and effectively analyze business problems, propose and implement innovative solutions and deal effectively with change and uncertainty.
  • Excellent project management and time management skills, including managing multiple projects while adapting to changing priorities.
  • Strong interpersonal and collaboration skills with proven ability to achieve consensus, maintain effective working relationships and sharing information to facilitate analytical supervisory work.
  • Ability to adapt to new and complex situations and to work collaboratively within and across teams with minimal supervision.
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.

T he 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.
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