Senior ERM Specialist

Federal Reserve System • Philadelphia, PA

1d • Hybrid

About The Position

The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware. This role leads and supports the development, implementation, and ongoing process of the enterprise risk management (ERM) function, which is responsible for risk assessment & monitoring, internal controls over financial reporting, and business continuity (BC) in the Bank and Federal Reserve System. The position involves gathering and collating information, performing analysis, and preparing presentations and reports to support senior management and System work efforts related to ERM, Sarbanes-Oxley (SOX) compliance, and business continuity. A project management mindset is expected, supporting Bank and System projects and strategic initiatives, and participating as a full member or lead in work teams. The role reports to the Senior ERM Manager and may functionally supervise less experienced analysts.

Requirements

• Bachelor's degree, or equivalent related work experience and education is required.
• 8+ years of progressive experience in risk management
• 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.
• 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.
• Provide work authorization to prove eligibility to work in the United States.

Nice To Haves

• Risk Management Certification
• Risk Management Assurance
• Project Management Professional
• Certified Sarbanes-Oxley Professional
• Certified Fraud Examiner

Responsibilities

• 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 that detail the overall health of ERM.
• 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.
• Act as a necessary contact for internal and external auditors during SOX audits, coordinating audit activities, facilitating the provision of requested documentation, and ensuring 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.

Benefits

• Medical (4 options)
• Prescription Insurance
• Dental (3 options)
• 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
• Healthcare Spending Accounts
• Flexible Work Schedule available in most departments
• Life Insurance
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior