IT Risk Specialist, Senior

Bank Examination
261509 Requisition #

Job Title: Senior Information Technology / Information Technology Specialist – Large Bank Supervision


Job Summary:

The Federal Reserve’s supervisory team that oversees a large and complex financial institution in the Boston area has an immediate opening for a Senior IT Risk Specialist / IT Risk Specialist. The individual will contribute to the Federal Reserve’s mission to support the safety and soundness of financial institutions by developing and executing the Federal Reserve’s supervisory plan of examinations and continuous monitoring activities that assess the firm’s IT risks and risk management. Responsibilities include evaluating the effectiveness of the institution’s IT risk identification and control validation processes, governance and oversight, information/cyber security program, GLBA compliance, IT Audit, vendor management, change management, project management, and business continuity/resiliency. The individual will serve as examiner‐in‐charge (EIC) for a variety of complex supervision assignments, where they will supervise and collaborate with a diverse team of experienced professionals. The successful candidate will be expected to establish ongoing and effective relationships with senior management of the firm and within the Reserve System. As requested, the incumbent will provide technical expertise to senior Reserve Bank management in the formulation of policy development and implementation.


Principle Responsibilities:

·Leads or participates in the evaluation of the overall level of information technology risk and the effectiveness of technology risk management across the firm. Demonstrates good judgment and well-reasoned decision making in situations that may involve complex issues, public scrutiny, market reactions, and potentially adversarial circumstances.

·Leads or participates in examinations of complex IT programs and processes, and other priority reviews as set forth by the Federal Reserve System.

·Effectively influences internal and external stakeholders through strong relationship management and interpersonal skills.

·Maintains a high level of technical expertise and current knowledge of regulations, trends and developments related to information technology and related risk management techniques.

·Quickly identifies emerging institutional and industry issues and their potential impact to the operating performance of the organization.

·Builds and maintains effective working relationships with the supervised firm’s management and with Federal Reserve System colleagues.

·Collaborates with other department units and other Reserve Bank large bank supervisory teams in support of department and Federal Reserve System requests/projects.


Key Competencies:

·Ability to assess and articulate risk in a financial service organization’s IT management, IT governance, information/cyber security, vendor management, system/software development, project and portfolio management, and business continuity program.

·Ability to assess and articulate risk in a financial service organization’s enterprise risk management program, particularly as it relates to information technology risks.

·Ability to assess and articulate risk in a financial service organization’s IT audit function including governance, independence, risk assessment methodology, reporting and effectiveness.

·Ability to assess and articulate risk in a financial service organization’s IT infrastructure components including systems, networks, databases and applications.

·Ability to assess and articulate risk in a financial services organization’s IT processes including strategic planning, asset management, configuration management, change control, incident and problem management, capacity planning, vulnerability and remediation management, incident response, lifecycle management and contingency planning.

·Ability to relate and articulate IT risk in the context of other risk dimensions and business line operations.



Knowledge and experience normally acquired through, or equivalent to, the completion of a Master's degree and a minimum of 5 ‐ 8 years of related work experience. Appropriate industry certifications are a plus, such as CISA, CISSP, and CRISC. Commissioned examiner credentials are also preferred though not required.  Ability to travel is required.


This position requires access to confidential supervisory information, access to which is limited to "Protected Individuals" as defined by regulation of the Board of Governors of the Federal Reserve System. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and lawful permanent resident aliens (also known as "green card holders") who are eligible for and seeking United States citizenship within the requisite timeframes.

The Federal Reserve Bank of Boston is committed to a diverse 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.

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.


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 duties, 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.

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