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Capital Markets Risk Specialist

Federal Reserve Bank of Boston

Federal Reserve Bank of Boston

Boston, MA, USA
Posted on Tuesday, September 5, 2023

Company

Federal Reserve Bank of BostonAs an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.

This job is eligible for a hybrid schedule with some on-site work expected. The individual is excepted to reside in the 1st District unless you were given an exception.

Description of Role:

The Capital Markets Risk Specialist is responsible for leading and/or participating in reviews and examinations that evaluate the effectiveness of risk management practices across a range of capital markets risk dimensions and businesses, including topics such as capital planning, earnings analysis, and interest rate, market, and counterparty credit risk management primarily for a firm within the large and foreign banking organization (LFBO) portfolio of institutions supervised by the Federal Reserve System (System). As a member of a Dedicated Supervisory Team (DST), you will work with the team to evaluate the firm’s financial condition and synthesize assessments of capital planning processes at the assigned firm. You will also participate in cross-institutional reviews in your specialty area, provide leadership or coordinate assistance in support of national supervision program management.

Responsibilities:

  • Lead or support the oversight of capital planning activities and capital markets risks at a large financial institution.
  • Assist in the preparation of the capital markets-related supervisory strategy and risk assessment. Participate in the vetting of scopes and findings related to this specialty area.
  • Participate in risk-focused reviews of a range of capital markets risk dimensions and businesses, including topics such as capital planning, earnings analysis, and interest rate, market, and counterparty credit risk management, and provide written observations and findings appropriate for inclusion in supervisory reports to senior management and boards of directors.
  • Evaluate the effectiveness of management and influence their actions through satisfactory relationship management including negotiation and conflict resolution. Demonstrate well-reasoned conclusions in situations that involve complex issues and potentially adversarial circumstances.
  • Be a team and System resource by leading or participating on high-level projects, workgroups, horizontal reviews, and strategic initiatives. Provide perspectives and contribute to the understanding of emerging risks, risk management practices and changes in System supervisory policies, procedures, tools, and guidance.
  • Be a team player in demonstrating personal accountability and openness to constructive feedback to promote a positive work environment.

Qualifications:

  • A Bachelor’s degree is required, with a concentration in business management, finance, or accounting preferred.
  • Knowledge and experience normally acquired through, or equivalent to, the completion of an advanced degree and/or obtainment of other advanced professional designations, licenses, or certifications.
  • 10+ years of commensurate financial industry (in a Risk or Audit function) or regulatory work experience.
  • Proficient technical knowledge in a specialty area (e.g., capital planning, earning analysis, and interest rate, market, and counterparty credit risk) is preferred.
  • Travel would be required for this role.

PLEASE NOTE: The Federal Reserve Bank is committed to a diverse, equitable 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.

This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.

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. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.

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.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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