Job Summary:- Lead and support the development, implementation, and ongoing process of the enterprise risk management (ERM) function. This function is responsible for risk assessment & monitoring, internal controls over financial reporting, and business continuity (BC) in the Bank and Federal Reserve System.
- Gather and collate information. Perform analysis and prepare presentations and reports. These support the Bank's senior management and System work efforts related to enterprise risk management, Sarbanes-Oxley (SOX) compliance, and business continuity. Embrace a project management mindset and support Bank and System projects and other strategic initiatives.
- Participate as a full member or lead Bank and System work teams. You will report to the Senior ERM Manager and may
- functionally supervise less experienced analysts by assigning, monitoring, reviewing, and coordinating work needed to complete assigned projects.
What You Will Do:- Independently, complete risk management activities, including directing and implementing ERM strategies and operations to support adherence to the Federal Reserve System (FRS) ERM framework and BC framework.
- Support the end-to-end operations of the ERM function including identifying, assessing, prioritizing, mitigating, monitoring, and reporting on enterprise-wide risks facing the organization.
- Develop, implement, and maintain comprehensive ERM policies, standards and procedures, ensuring alignment with industry best practices, and organizational objectives.
- Partner with all business areas across the Bank to identify risks and monitor action plans through risk assessments, operationalize risk appetite statements, tolerances and measures to ensure they are embedded across the organization.
- Help enhance the Bank's risk function by applying latest technologies and data analytics to ensure the maintenance and implementation of best-in-class risk practices.
- Foster a culture of proactive risk management across the Bank, promoting risk awareness and culture using three lines of defense approach across the Bank.
- Provide support to the Bank's Risk Management Council (RMC) in preparing risk reporting materials. These materials detail the overall health of ERM. Additionally, assist the ERM Manager in communicating with the wider System and Bank groups, such as the Audit & Risk Management Committee of the Board of Directors.
- Under the supervision of the ERM, you will be a necessary contact for internal and external auditors during SOX audits. Your responsibilities will include coordinating audit activities, facilitate the provision of requested documentation, and ensure resolution of audit findings.
- Assess existing internal controls related to financial reporting processes and identify areas for enhancement. Prepare and present materials (e.g., status updates, findings overview) on control decisions and project status to executive and senior management.
What You Have:Education and Experience:- Bachelor's degree, or equivalent related work experience and education is required.
- 8+ years of progressive experience in risk management
- Other certifications a plus: Risk Management Certification, Risk Management Assurance, Project Management Professional, Certified Sarbanes-Oxley Professional, or Certified Fraud Examiner.
Knowledge:- Understanding of risk management concepts, project management disciplines. internal control concepts, and business continuity practices.
- Meeting and facilitation skills; ability to present with both technical and non-technical audiences, and governance groups. Exhibit advanced facilitation skills and communicate well in a range of situations.
- Ability to partner with stakeholders to enhance value, anticipate and resolve challenges, and recognize the value of building, maintaining, and enhancing stakeholder relationships.
Other Requirements:- Onsite requirement: 4 days per week in the Philadelphia office.
- Occasional travel, less than 10%.
The salary grade for this position is: Grade 15. Final salary and offer will be determined by the applicant's background, experience and skills, as well as internal equity and alignment with market data.
We offer a great benefits package that features:- Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period
- 401k/Thrift Plan with generous employer match
- Employer-funded Pension Plan
- Paid Vacation/Sick Time & Holidays
- Monthly $200 Commuter Allowance
- Flexible Spending Accounts and Healthcare Spending Accounts
- Flexible Work Schedule available in most departments
- Life Insurance and Long Term Disability Insurance
- Tuition Reimbursement (undergraduate and graduate)
- Parental Leave
- Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities
- Onsite Cafeteria & Coffee Shop
- Additional Convenience Benefits, Discounts and More...
Additional Information:- The Federal Reserve Bank of Philadelphia takes your information privacy seriously. Federal Reserve Bank of Philadelphia staff will only email you from the "[redacted].frb.org" domain or through the Workday system "[redacted]". If you are initially contacted by phone, feel free to request that the caller provide you with their email address to validate their identity. If you have any questions about the validity of someone who contacts you regarding this position, please email the Talent Acquisition team at [redacted].
- All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
- You will be required to complete a background investigation including drug testing as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be drug screened for the presence of marijuana. Any hiring decision based on a background investigation will be made following an individualized assessment that is job-related and consistent with business necessity and applicable law. Employment may not begin until the Bank accepts the results of the background investigation.
- All employees 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.
- Certain eligibility rules apply. You will provide work authorization to prove your eligibility to work in the United States.
- The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities 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.
- By applying to this position, you agree you will be available to work on-site in a full-time capacity.
#LI-Onsite
Full Time / Part TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)Yes
Job CategoryInternal Oversight & Governance Family Group
Work ShiftFirst (United States of America)
