Capital Markets Supervising Examiner - Market Risk Specialist

What we do:

The Supervision Group of the Federal Reserve Bank of New York (FRBNY) supervises banks in the Second District. The objectives of supervision are to:

• Evaluate and promote the overall safety and soundness of supervised institutions

• Ensure supervised institutions’ compliance with relevant laws and regulations, including consumer protection

• Facilitate the stability of the financial system of the United States

• Support the growth and stability of the U.S. economy

Supervision is carried out through a combination of methods, including on-site and off-site examinations involving staff dedicated to the supervision of an individual firm and other professionals focused on analytical, policy and risk matters. Supervision is coordinated with other US agencies.

The Large Institution Supervision Coordinating Committee (LISCC) Program function is responsible for executing the LISCC supervisory program (covering Capital, Governance and Controls, Liquidity, Recovery and Resolution Planning, and Monitoring and Analysis) for domestic global systemically important banks (G-SIBs). This supervision is accomplished through close coordination and in partnership with LISCC Dedicated Supervisory Teams (LISCC - DST) assigned to supervise individual firms, other Group business leaders, as well as LISCC leadership at the Board of Governors and other Federal Reserve Banks.

This role within the Supervision Group supports the LISCC supervision program, specifically within the Capital Program on the Market Risk team. The Capital Program is led by the Capital Steering Committee (SC) and Program Leadership Group (PLG) and is responsible for the execution of all capital-related supervisory activities for the LISCC supervision program. The Market Risk Team within the LISCC Capital program is responsible for monitoring, examining, and assessing the market risk management and measurement capabilities and controls, as well as related capital adequacy and planning processes of the largest bank holding companies.

Your role as a Capital Markets Supervising Examiner - Market Risk Specialist:

As a Market Risk Specialist within the LISCC Capital Program, you will work in a dynamic, team environment and play an important role in helping the Federal Reserve carry out its regulatory responsibilities. The Capital Markets Supervising Examiner will serve as a market risk expert responsible for evaluating the risk management and control frameworks of complex financial institutions with respect to traded market risk. This entails leading and/or contributing to firm-specific and horizontal supervisory reviews in the areas of governance, strategy, financial condition, independent risk management, internal controls (including Internal Audit), and business line management. In this role, you will leverage your subject matter expertise to also monitor firm developments, risk trends and responses to market events.

Core responsibilities include:

• Lead or participate in firm specific and horizontal examinations; developing well supported supervisory assessments.

• Present examination results to supervised institutions, Federal Reserve management, staff, and other supervisory authorities.

• Drive continuous monitoring regimes including meetings with management, and review and analysis of internal risk reports, business plans, committee meeting minutes, and other materials for the assigned institution(s).

• Build and maintain relationships with supervisory teams and other risk specialists and proactively collaborating with internal/external supervisory colleagues to arrive at a shared understanding of supervised firms’ material issues, emerging risks, and remediation progress.

• Expand and leverage expertise in supervisory, market and industry subject matter for capital markets.

• Actively provide guidance, mentoring, coaching, and training to other employees within the job area, and managing major/complex projects, including delegation of work and review of work products.

• Advance a high standard of operational excellence in executing the supervisory program and associated operational processes.

What we are looking for:

• Advanced expertise in capital markets sales and trading industry practices, traded products, market risk management practices, analytics, middle office and valuation controls, statistical methods, or model risk. Broader experience assessing or analyzing financial risks or stress testing, ideally related to market risk. 

• Excellent collaboration skills with an ability to build deep, productive working relationships and promote an inclusive culture that values learning and agility, curiosity, and sharing of diverse perspectives among the supervisory stakeholders to identify optimal outcomes.

• Ability to undertake supervisory activities under limited guidance and with extensive autonomy and discretion, prioritize and multi-task, quickly assimilate new information, produce sound analysis, and invite challenge to ensure all angles of an issue are explored as part of the decision-making process. 

• Excellent communication skills (both written and verbal), including ability to listen attentively to various viewpoints, capacity to synthesize and communicate varying information and perspectives succinctly and persuasively to stakeholders.

This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.