Associate Risk Specialist, LISCC Liquidity Program
Federal Reserve Bank of Boston
CompanyFederal 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. Travel would be required for this role.
The Federal Reserve Bank of Boston has an opening for a team-oriented, experienced Risk Specialist to join the LISCC (Large Institution Supervision Coordinating Committee) Unit as a member of the LISCC Capital team. The LISCC supervision program is the Federal Reserve’s national supervisory program for the nation’s largest most systemic financial institutions. The program is implemented by hundreds of staff from multiple Reserve Banks and the Board of Governors. The LISCC Capital teams oversee the supervisory work including the Federal Reserve System’s annual Comprehensive Capital Analysis and Review (CCAR), exams, and monitoring work covering a range of business activity for large and complex banking organizations.
This job is eligible for a hybrid schedule with on-site work and up to 10% travel expected.
The LISCC Liquidity Program (LP) program focuses on evaluating the liquidity risk management practices and liquidity positions of supervised firms. The Liquidity Risk Analytics Supervising Examiner is responsible for developing and executing elements of the program’s supervisory plan. In this role you will report to the Liquidity Program Lead responsible for the independent review of firm’s liquidity profile and positions and participate on the FRS Liquidity Program’s comprehensive liquidity analysis and review, (CLAR). The successful candidate will need to support and collaborate with an extended group of bank examiners to identify and analyze relevant financial trends, developments, or conditions which may require additional supervisory monitoring or supervisory action. You will help to maximize the understanding of LISCC firms’ quantitative liquidity information within examiner teams and synthesize key insights for senior management. To succeed, you will need to demonstrate intellectual curiosity about global banking and finance risks, have a passion for data analysis, a willingness to work independently on projects and the ability to communicate and collaborate effectively.
LISCC Liquidity Program Analytics Examiner Responsibilities:
- Act as a Liquidity Program Analytics examiner covering firms within the LISCC institution portfolio.
- Lead or participate in firm specific/horizontal examinations or monitoring events, developing well supported supervisory assessments.
- Present analytical analysis of supervised institutions to Federal Reserve management, staff, and other supervisory authorities.
- Develop knowledge of liquidity risk management practices, risk metrics, risk and data definitions, and underlying concepts; engaging with supervised institutions to investigate trends and test analytical hypotheses.
- Deploy routine and advanced data analytics to highlight, measure, and monitor trends and conditions affecting financial institutions.
- Advance a high standard of operational excellence in executing the supervisory program and associated operational processes.
Education and Experience:
- A Bachelor’s degree is required, with a concentration in business management, finance, accounting, economics or a quantitative discipline preferred.
- Knowledge and experience normally acquired through, or equivalent to, the completion of a Master's degree and a minimum of 7-10 years of commensurate financial industry or regulatory work experience.
Desirable Knowledge and Skills:
- Advanced analytical skills, including mining databases and developing analytical tools and processes to gain insights from large and complex datasets. Expertise in python and SQL preferred.
- Expertise in data visualization, Tableau is preferred.
- Demonstrated ability to synthesize complex information and clearly communicate analysis, conclusions, and recommendations to non-expert stakeholders.
- Foundational understanding and keen interest in financial markets, banks, broker dealers other large bank holding company subsidiaries.
- Foundational understanding of large bank regulations (e.g., LCR, NSFR, Enhanced Prudential Standards) and regulatory reporting (e.g., FR-2052a, FR-Y9c)
- Ability to build deep, productive working relationships with a range of internal and external stakeholders to break down silos and support effective interaction with internal/external supervisory colleagues and management/staff at supervised firms.
- Advocates for and promotes a culture that is collaborative and inclusive, values learning, curiosity and agility, and draws on the collective strengths and differences to identify optimal outcomes.
- Contributes to a team culture where learning, experimentation, and innovation are valued and drive high-quality execution.
- 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.
- Commissioned examiner and/or Examiner-in-Charge (EIC) experience preferred; candidate must be willing to enroll in examiner commissioning training upon acceptance of the position.
Our total rewards program offers benefits that are the best fit for you at every stage of your career:
- Comprehensive healthcare options (Medical, Dental, and Vision)
- 401K match, and a fully funded pension plan
- Paid vacation and holidays; flexible work environment, healthy workflow
- Generously subsidized public transportation
- Annual tuition reimbursement
- Professional development programs, training and conferences
- And more…
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 TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)Yes
Work ShiftFirst (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.