Governance and Controls Program: Analyst - LISCC / Supervision','256292','**MEMBERS ONLY**SIGN UP NOW***.','NY-New York City','','Full-time','Regular','Exempt','Exempt','Experienced','','','Yes, 5 % of the Time','Day Job','','','','','','','','!*!Organizational Background: The Large Institution Supervision Coordinating Committee (LISCC) function is responsible for the development and execution of an effective continuous risk-focused supervisory program for the most complex financial institutions in the Second Federal Reserve District, which includes US Bank Holding and Intermediate Holding Companies that are currently subject to the Federal Reserve Systems’ oversight. This includes an understanding of and assessment of the firm’s risk profile, governance structure, and strategy with the expressed goal of identifying institutional-specific and horizontal/systemic areas of concern. Its primary objective is to maintain safe and competitive U.S. and global banking systems. LISCC firms are global US and non US financial services providers engaged in 1) investment banking including sales and trading; 2) commercial banking; 3) retail banking; 4)transaction banking (i.e., wholesale payments, custody, securities lending and securities servicing), and 5) private wealth and asset management.
In accordance with the Bank’s mission, vision and values, the Governance and Controls analyst is accountable to the Governance and Controls Lead and responsible for contributing to supervisory activities that evaluate risks and controls within an organization. S/he is responsible for the assisting in the execution of a supervisory plan for governance and controls and the associated administrative management and oversight of supervisory activities.
Primary duties and responsibilities are broad and may include:
On-site team role
Support the implementation of supervisory plans for assessing risks and controls within an organization in alignment with the System/Bank’s mission and objectives.
Participate in an internal culture that supports the mission and promotes synergy and collaboration within the DST, National Risk Teams and the Board.
Provide input into the overall assessment of the Governance and Controls rating, leveraging information gathered over a supervisory cycle from firm-specific examinations and/or horizontal reviews.
Contribute to internal vetting of issues arising from board effectiveness reviews, core business line reviews, and review of control functions and controls.
Supervisory Activities and Examinations
Responsible for assisting the team in conducting the work relevant to Governance and Controls (G&C), including Board Effectiveness, Management of Core Business Lines (MCBL), and Independent Risk Management and Internal Controls (IRM/IC) as outlined in the LISCC manual.
Support G&C meetings as required, including coordinating with other stakeholders from the DST and horizontal SMEs as appropriate.
Participate in the development of the annual supervisory messaging for G&C, leveraging work/assessments of relevant firm specific examinations, system-wide programs and input from Risk areas. Assist the team in providing periodic assessment for supervisory messages to the firm and follow-up over time with the firm on these communications.
Management of Core Business Lines (MCBL): Participate in firm-specific front-to-back business line reviews in accordance with G&C program requirements. Business line reviews would entail evaluating the risks and effectiveness of the risk management and internal controls practices in the first and second lines, as well as aspects of Internal Audit.
Participate in the identification of, and acquire proficiency of, the overall business unit governance practices for the firm’s primary business units. This include reporting lines, front office risk management, thresholds, risk tolerance, risk appetite and the demarcation between first and second line controls.
Independent Risk Management and Internal Controls (IRM/IC): Take part, as determined necessary by the G&C lead and DST lead, in the assessment of the overall effectiveness of risk management and controls by evaluating the practices employed in the business lines as well as the second line and third line controls, including in internal audit and compliance, contributing as necessary to the firm specific work, system-wide efforts and other horizontal examinations with input from national risk teams.
Coordination with MAP: In collaboration with the MAP team, assist in monitoring material changes in overall risks and controls that impact the supervised firm’s governance and controls. Examples include monitoring trends in new significant transactions and/or product offerings at the firm.
Supervisory college and Crisis Management College: Assist in organizing the semi-annual Supervisory College and Crisis Management College, as needed.
RRP: Contribute, as needed, to the review of resolution and/or recovery plans and identifying changes within an organization that positively or negatively impact resolution planning.
Assist team with other DST areas of work as needed. Note that some areas of G&C will involve supporting other pillars and their work products, such as capital and capital planning.
Support processes to ensure follow-up on supervisory actions (e.g., MRAs, MRIAs, or Enforcement Actions) as necessary to ensure firm is making progress on remediation.
Ensures supervisory correspondence is maintained on internal databases.
Assure business process excellence across the span of G&C owned efforts.
Ensure one’s own training requirements are fulfilled. ','!*!Professional Experience/Qualifications:
The ideal candidate should possess the following:
Technical experience: Some supervisory or industry background in the relevant business lines of the firm (i.e. Investment banking, wealth management, investment management) or risk management, operations, compliance and internal audit preferred. Interest in gaining proficient knowledge in the business lines of the firm and the corresponding risk management.
Regulatory knowledge: An ability and willingness to learn about and interpret complex regulations, including supervisory expectations and findings.
Analytical: Problem solving and analytical skills that support and enable sound decision-making.
Communication: An ability to listen and communicate clearly and effectively, both orally and in writing.
Organizational: Time management skills and ability to multi-task.
Collaboration: Ability to work in a team environment and focus on high quality execution.
Years of experience: minimum of 5 years
Educational background: Bachelor’s or Master’s Degree in relevant field
This position requires access to confidential supervisory 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, U.S. permanent residents who are not yet eligible to apply for naturalization and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.
The **MEMBERS ONLY**SIGN UP NOW***. is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service. ','Governance and Controls Program: Analyst - LISCC / Supervision