IT Specialist Job in Boston 02108, Massachusetts Us
Job Summary:
This position is responsible for leading/ participating in reviews and evaluating the effectiveness of IT management practices at financial institutions. This position is also responsible for leading/participating in reviews of Multi-regional Data Processing Servicers (MDPS) and Shared Application Software Reviews (SASRS) conducted jointly with other federal regulatory agencies. The incumbent may also provide leadership or assistance in support of national supervision program management. As needed, assist in the formation of supervisory policy related to specific areas of IT risk management.
Principal Accountabilities:
Leads or supports the oversight of functional areas and business lines at our largest and most complex institutions, or challenging assignments. 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 IT 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 IT 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 IT 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. As needed, contributes to efforts in support of the First District's outreach initiatives.
Supervision: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.
Knowledge and Experience: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 a plus. Must be a commissioned examiner or possess equivalent experience. Ability to travel is required.
This position requires access to confidential supervisory 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 fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.
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