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Senior/Capital Markets Specialist- Large Bank Supervision

BostonFederal Reserve Bank


The Large Bank Supervision Unit has an opening for a Senior/ Capital Markets Specialist on the supervisory team that oversees a large and complex banking organization in the Boston area. The successful candidate will work with other specialists and examiners on the team to carry out the Federal Reserve's program to assess the banking organization's capital markets risk management practices. This position is responsible for leading and participating in a wide array of reviews to evaluate the effectiveness of capital markets risk management practices, including the banking organization's ability to measure, monitor, and manage its exposure to liquidity risk, interest rate risk, and/or trading and market risk. The successful candidate will have experience in one or more of these risk management disciplines through a combination of education and experience at a financial institution (e.g. ALCO, Treasury, trading risk management), rating agency, or regulatory agency that supervises financial institutions. Additional experience at a broker dealer or in capital stress testing is a plus.

 

Principal Accountabilities:

 

•    Leads or supports the oversight of capital markets related risks and business activities at our largest and most complex institutions and assignments including, trading and market risk management, liquidity management, balance sheet strategy, and asset/liability modeling. Maintains liaisons with institution management, as well as with CPCs, System risk specialists, and other regulatory agencies. Primarily assists with, but may also lead, the preparation of the supervisory strategy and risk assessment for capital markets related activities and may selectively participate in the vetting of scopes and findings relating to their particular risk specialty area. Participates in out-of-district assignments to enhance peer perspective and personal development.

•    Maintains an intermediate to high-level of technical expertise and current knowledge of regulations, trends and developments related to specialty businesses and products, related risk management techniques and management information systems, and audit and internal controls associated with capital markets related activities.

•    Maintains a sound understanding of industry trends, emerging issues and peer risk management practices through participation in supervision related activities and attending formal training classes and relevant industry conferences.

•    In collaboration with CPCs and examiners-in-charge (EICs), leads or participates in risk­ focused reviews of capital markets related activities, providing written observations and findings appropriate for inclusion in supervisory reports. Conducts meetings with senior management and/or the board of directors of financial institutions which may involve complex issues.

•    Evaluates the effectiveness of management, and influences their actions through satisfactory relationship management and interpersonal skills as well as effective negotiation and conflict resolution. Effective in obtaining possible changes to operating policies or practices while maintaining positive relationships with key stakeholders, though some senior assistance may be required.

•    Demonstrates good judgment and well-reasoned decision making in situations that may involve complex issues, public scrutiny, market reactions, and potentially adversarial circumstances.

•    Serves as a System and Department resource by leading or participating on high-level projects, workgroups, and strategic initiatives. As needed, provides expert commentary on proposed revisions to policy and procedures.

•    Limited managerial or advisor related responsibilities outside of EiC assignments. Provides mentoring or training primarily to lesser experienced staff members. Contributes to a positive work environment.

 

 

Other  Accountabilities:

Perform other duties as assigned.

 

Supervision:

This position is not required to directly supervise others.

 

Knowledge and Experience:

 

Capital Markets Specialist:

Knowledge and experience normally acquired through, or equivalent to, the completion of a Master's degree and a minimum of 3-7 years of related work experience. Appropriate industry certifications and a bank examiner commission would be a plus. Ability to travel is required.

 

Senior Capital Markets Specialist:

Knowledge and experience normally acquired through, or equivalent to, the completion of a Master's degree and a minimum of 7 - 10 years of related work experience. Appropriate industry certifications and a bank examiner commission would be a plus. Ability to travel is required.

 

This position requires access to confidential supervisor y information, access to which is limited to "Protected Individuals" as defined by regulation of the Board of Governors of the Federal Reserve System. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and lawful permanent resident aliens (also known as "green card holders") who are eligible for and seeking United States citizenship within the requisite timeframes.

 

All employees assigned to this position will be subject to FBI finger print/ criminal background and Patriot Act/ Office of Foreign Assets Control {OFAC} watch list checks at least once every five years.

 

Principals only; No agencies please.

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