Federal Reserve Bank

Assistant Vice President and Deputy Risk Officer

Federal Reserve Bank$120K — $145K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • B.A. or B.S. in Accounting, Business, Information Systems or related field or equivalent experience
  • 10+ years of relevant experience in risk management, business continuity, or audit
  • 5+ years of supervisory experience in a relevant setting
  • Strong knowledge of risks, controls, operational processes, and resiliency practices
  • Excellent communication and relationship-building skills
  • Relevant certifications such as CCSA, CRMP, CMA, CPA, CIA, or BCP-related credentials
  • Proficiency in Microsoft Office applications; experience with GRC or Privacy tools is a plus

Responsibilities

  • Lead Enterprise Risk Management (ERM), Business Continuity (BC), Privacy, and COSO programs
  • Oversee Bank's risk reporting, business area risk profiles, and risk event reporting
  • Direct and enhance all components of the Business Continuity program
  • Ensure Bank maintains resilience through testing and exercising plans
  • Build effective relationships with management to improve risk posture
  • Provide strategic leadership and cross-training across risk functions
  • Create and deliver presentations on risk and resilience topics to various audiences

Benefits

  • Comprehensive health insurance with no waiting period
  • 401k plan with a generous employer match
  • Employer-funded pension plan
  • Paid vacation, sick leave, and holidays
  • Flexible spending and healthcare spending accounts
  • Life insurance and long-term disability insurance
  • Tuition reimbursement for undergraduate and graduate studies
  • Onsite fitness center with training classes
  • Convenient onsite cafeteria and coffee shop
  • Additional convenience benefits and discounts
Full Job Description
The Assistant Vice President and Deputy Risk Officer is responsible for identifying, evaluating, and mitigating risks for the organization. This role provides strategic oversight of the Bank's risk management frameworks, continuity planning, and crisis preparedness. The role will provide oversight of the following risk functions: Enterprise Risk Management, Business Continuity, Privacy, COSO, and Data Governance. It requires strong knowledge of Bank and System operations, the ability to integrate risk and resiliency perspectives, and the leadership skills to guide a blended team of enterprise risk management, information risk management and continuity professionals. This position builds and maintains effective relationships with senior leaders, business area management, System partners, and external stakeholders to advance readiness, enhance risk awareness, and drive continuous improvement. This leader reports to the Vice President and Chief Finance and Risk Officer. Responsibilities Lead the Bank's Risk Programs (ERM, BC, Privacy, COSO) 30 Leads the Bank's Enterprise risk management activities including Board level reporting, business area risk profiles, risk event reporting, and development of Bank-wide risk documents. 30 Leads the Bank's Business Continuity function to ensure the Bank maintains a strong resilience stance across preparation, documentation, testing and exercising resilience plans. 30 Leads the Bank's Privacy program to ensure effective compliance while reinforcing a culture of privacy. 30 Leads the Bank's COSO program to ensure management is meeting Internal Control over Financial Reporting requirements. 30 Supports the Senior Leadership Committee in meeting its management risk oversight responsibilities, including preparation of meeting content, presentations, and related risk documents. 30 Prepare risk documents as needed for the Bank's Executive and Senior Leadership Committees, the Bank's Board of Directors, and the Board of Governors. 30 Represent the Bank on System risk groups and provide input on System-level risk reporting and practices. 30 Build strong working relationships with Bank management to provide guidance and insight into the Bank's risk posture. 30 Provide subject matter expertise on best practices, industry trends, and emerging risks. Oversee and enhance the District's Business Continuity Program 30 Provide leadership for all BC program components including the Business Impact Analysis (BIA), business area BC plans, Crisis Management Team (CMT) Plan, Crisis Communication Plan, and annual readiness documentation. 30 Ensure resiliency by directing exercises, rehearsals, and tests (District, System-level, buddy banks, product offices, National IT). 30 Maintain and administer BC tools and applications (OnSolve's Automated Notification System, Contingency Information Anywhere, BC Dashboard, Fusion, Microsoft Teams sites, SharePoint, Government Emergency Telecommunications Service, Wireless Priority Service). 30 Lead continuity training initiatives including New Employee Orientation, liaison/contributor sessions, and specialized training (law enforcement, emergency recovery location, Employee Safety Program (ESP)). 30 Partner with Facilities, Law Enforcement, and district management on ESP components and communications. 30 Represent the Bank on System BC groups, provide input on System-level risk reporting and practices, and work with the System's Resilience Central and Subcommittee on BC teams. 30 Provide subject matter expertise on best practices, industry trends, and emerging BC risks. Risk Leadership 30 Drive strategic leadership across the risk teams. 30 Own the performance management cycle for reports. 30 Ensure effective cross-training across key RMC functions (ERM, COSO, BC, Privacy,). 30 Cultivate strong working partnerships within St. Louis and across the System. 30 Create and deliver presentations for internal and external audiences on risk, resilience, and preparedness including training and awareness presentations 30 Lead BC communications, SL8 articles, awareness campaigns, and district-wide preparedness initiatives. 30 Maintain expertise in all risk disciplines including ERM and BC industry practices, System standards, and emerging trends. 30 Pursue relevant certifications and participate in System workgroups. Qualifications 30 B.A., B.S., or other baccalaureate/undergraduate degree in Accounting, Business, Information Systems or related field or commensurate experience 30 Minimum 10+ years of relevant experience in risk management, business continuity, audit, or related field 30 5+ years of supervisory experience in a relevant environment 30 Strong understanding of risks, controls, operational processes, and resiliency practices 30 Excellent communication, facilitation, and relationship-building skills 30 Certifications such as CCSA, CRMP, CMA, CPA, CIA, or BCP-related credentials 30 Foundational understanding of internal controls, risk assessment, or auditing methodologies 30 Strong attention to detail and ability to follow structured processes 30 Ability to manage multiple priorities with guidance 30 Strong organizational and documentation skills 30 Proficiency with Microsoft Office applications; experience with GRC or Privacy tools is a plus 30 Position requires US Citizen Total Rewards Bring your passion and expertise, and we'll provide the opportunities to challenge you and propel your growth-along with multiple benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package all brought together in a flexible work environment where you can find balance: 30 Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period 30 401k/Thrift Plan with generous employer match 30 Employer-funded Pension Plan 30 Paid Vacation/Sick Time and Holidays 30 Flexible Spending Accounts and Healthcare Spending Accounts 30 Life Insurance and Long Term Disability Insurance 30 Tuition Reimbursement (undergraduate and graduate) 30 Parental Leave 30 Free onsite 24/7 Fitness Center including training classes, and locker room / shower facilities 30 Onsite Cafeteria and Coffee Shop 30 Additional Convenience Benefits, Discounts and More... Full Time / Part Time Full time Regular / Temporary Regular Job Exempt (Yes / No) Yes Job Category Work Shift First (United States of America)

About Federal Reserve Bank

Industry
Founded
1913

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