Federal Reserve Bank

Information Technology (IT) Risk Specialist-Service Provider

Federal Reserve Bank$97K — $161K *
Information Technology
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree or equivalent industry experience.
  • 5+ years in a large, complex IT environment, such as a financial institution or IT audit firm.
  • Knowledge of cybersecurity frameworks and IT risk management practices.
  • Certifications like CISA or CISSP preferred.
  • Strong analytical and organizational skills with the ability to manage multiple projects.
  • Effective verbal and written communication skills for diverse stakeholders.
  • U.S. citizenship or lawful permanent residency with intent to become a citizen.

Responsibilities

  • Lead and participate in supervisory events for technology service providers.
  • Assess IT risk management practices related to security and audits.
  • Create high-quality work products and reports based on supervision activities.
  • Collaborate with interagency partners to execute supervisory strategies.
  • Communicate examination findings to management and regulators.
  • Build and maintain relationships with interagency and banking personnel.
  • Travel up to 20-30% of the time for supervisory activities.

Benefits

  • Comprehensive medical, dental, vision, and prescription insurance with no waiting period.
  • 401k with a generous employer match and employer-funded pension plan.
  • Paid vacation, sick time, and holidays.
  • Tuition reimbursement for further education.
  • Onsite amenities including a fitness center and cafeteria at the St. Louis location.
Full Job Description
Overview The Federal Reserve Bank of St. Louis is looking for an Information Technology (IT) Risk Specialist to join our team of IT examiners and risk specialists focused on service provider supervision. Under the authority provided in the Bank Service Company Act, the Federal Banking Agencies (Federal Reserve, FDIC, and OCC) jointly supervise technology services provided to financial institutions by certain third-party service providers (SPs). As an IT Risk Specialist, you will be primarily responsible for leading and participating in the supervision of SPs, which includes preparing, reviewing, and executing risk-focused supervisory activities. Through effective oversight of SPs, you will help ensure that operational and cyber resilience concerns that could impact a broad range of financial institutions are identified and remediated in a timely manner. You would work in either St. Louis, Missouri, or Little Rock, Arkansas, and report to a Supervisory Examiner. Specific grade level will be determined based on the candidate’s experience. You Will: 3 Plan, participate, and lead supervisory events, which includes target reviews, annual examinations, and continuous monitoring activities, in accordance with Interagency and Reserve Bank guidelines 3 Assess the firm’s IT risk management practices related to internal and external audit, board and management oversight, information security, cybersecurity, third-party risk management, development and acquisition, business continuity / disaster recovery, electronic banking, payments, and IT operations 3 Develop high quality and timely work products and reports to support your conclusions 3 Collaborate with the OCC, FDIC, and State Central Points of Contact (CPCs) to develop and execute supervisory strategies of SPs 3 Communicate examination conclusions to the supervised firm’s management team, Reserve Bank management, interagency stakeholders, and Board staff 3 Foster strong relationships with the interagency CPC team, Reserve Bank personnel, Board of Governors, supervised firm management, and other federal and state banking regulators 3 Travel overnight up to 20-30% of the time 3 Work a compressed schedule in a hybrid work environment You Have: 3 Bachelor’s degree or commensurate industry experience 3 Familiarity with common cybersecurity frameworks, information security practices, network architecture, business continuity / disaster recovery practices, IT risk management, and IT audit 3 5+ years’ experience in a large and complex IT environment, that could include a large financial institution, technology service provider, or an IT audit firm 3 A Certified Information Security Auditor (CISA), Certified Information Systems Security Professional (CISSP), or similar IT-related certification 3 Strong verbal and written communication skills to convey information accurately and concisely to various stakeholders 3 Well-developed analytical and organizational skills and demonstrated ability to manage multiple projects and deadlines 3 US Citizenship or are a lawful permanent resident intending to become a citizen who meets certain other requirements 3 You must live in, or relocate to, the 8th District and work out of our or St. Louis, Missouri, or Little Rock, Arkansas, offices. Relocation incentives are available. 3 This position will work onsite and is not eligible for remote status. Total Rewards Bring your passion and expertise, and well provide the opportunities that will challenge you and propel your growthalong with a wide range of benefits and perks that support your health, wealth, and life. Salary: $97,100.00-$161,700.00 In addition to competitive compensation, we offer a comprehensive benefits package all brought together in a flexible work environment where you can find balance: 3 Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period 3 401k/Thrift Plan with generous employer match 3 Employer-funded Pension Plan 3 Paid Vacation/Sick Time and Holidays 3 Flexible Spending Accounts and Healthcare Spending Accounts 3 Life Insurance and Long Term Disability Insurance 3 Tuition Reimbursement (undergraduate and graduate) 3 Parental Leave 3 Free onsite 24/7 Fitness Center (St. Louis location) 3 Onsite Cafeteria and Coffee Shop (St. Louis location) 3 Additional Convenience Benefits, Discounts and More3 Full Time / Part TimeFull time Regular / TemporaryRegular Job Exempt (Yes / No)Yes Job CategorySupervision Family Group Work ShiftFirst (United States of America)

About Federal Reserve Bank

Industry
Founded
1913

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