Federal Reserve Bank-posted about 1 year ago
Full-time • Senior
Chicago, IL
Monetary Authorities-Central Bank

The Senior Large Bank Examiner - Operational Risk and Third-Party Risk at the Federal Reserve Bank of Chicago is responsible for overseeing and assessing the operational and third-party risk management frameworks of large financial institutions. This role involves continuous monitoring, examination activities, and collaboration with both domestic and global regulators to ensure effective risk management practices are in place. The examiner will lead supervisory assessments and serve as a subject matter expert in operational and third-party risk management, contributing to the overall safety and soundness of the financial system.

  • Consult and serve as an initial contact and subject matter expert in relation to the firm's operational and third-party risk management functions, designated business lines and legal entities.
  • Analyze and understand the firm's global operational risk management and controls including Risk Control and Self-Assessment program as well as practices to mitigate risk.
  • Analyze and understand the firm's global third-party risk management program, and other relevant risk management programs including fraud and artificial intelligence.
  • Engage with foreign regulatory authorities to advance regime specific regulatory risks where applicable.
  • Assist in developing firm risk assessments and supervisory strategies and the preparation of examination scopes and findings.
  • Prepare and deliver clear, well-supported, persuasive findings in formal written and verbal presentations on supervisory conclusions and relevant issues to financial institution and senior Reserve Bank management.
  • Advanced knowledge of operational and third-party risk management frameworks.
  • Experience in supervisory assessments and examinations in a financial institution context.
  • Strong analytical skills to assess risk management programs and controls.
  • Ability to communicate effectively with senior management and regulatory authorities.
  • Experience working with foreign regulatory agencies.
  • Familiarity with fraud and artificial intelligence risk management practices.
  • Competitive salary and benefits package.
  • Opportunities for professional development and training.
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