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Supervisory Quality Assurance Specialist

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Company :
Federal Reserve Bank San Francisco

Location :
New York City, New York

Expiry Date :
Sun, 06 Dec 2020 23:59:59 GMT

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Description :
Supervisory Quality Assurance Specialist Federal Reserve Bank of New York NY-New York City Full-time Regular Exempt Experienced Yes, 5 % of the Time Day Job Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems. It is a challenge that demands the skills of a financial service professional and the intelligence an academicall combined with a passion for public service. What we do: The Quality Assurance (QA) Department, within in the Supervision Executive Office, executes on the mandated quality assurance program for the Supervision Group. QA is structured in a manner that allows it to be independent of the businesses. The Quality Assurance team evaluates supervisory processes and associated products to identify and confirm sound practices, following System Guidance. Quality Assurance’s core mission is to identify patterns of errors or noncompliance to check possible systemic issues in business line processes. Individuals in this job are involved in performing a quality assurance program that independently evaluates quality of supervisory processes and products. Your role as Supervisory Quality Assurance Specialist: You will report to the Head of Quality Assurance. The team is structured in a business model format (each person on the team will have responsibility for understanding one or more lines of business) and each person will develop expertise with regard to one or more products (e.g. risk assessment, operating procedures) and outreach with partners (e.g., Quality Control Council, Senior Management Oversight Committee, the QACoP). The work conducted by members of the QA team in pursuit of working on a QA program involves the following activities and each member of the team will contribute to this body of work: – Conduct an annual QA risk assessment, prioritization process, and development of an annual plan; Conduct independent QA reviews, which involve: – Evaluate the effectiveness, quality and consistency of supervisory processes, products and associated controls; – Determine compliance with all policies and guidance, using a risk-focused approach. Produce written reports that identify strengths, weaknesses or gaps in supervisory processes uncovered during QA reviews and make recommendations to fix identified weaknesses and address non-compliance issues; – Communicate findings from reviews with peers, business line management, the Senior Management Oversight Committee and the Board – Monitor and report on all open items from QA Reviews – Monitor all findings and action plans related to other external reviews (e.g. Board, Internal Audit) and create comprehensive reporting for the Group’s senior management team; – Contribute to and maintain information QA repositories and applications. – Participate in System programs through the QACoP and attend QACoP activities. – Perform other QA projects. What we are looking for: – Bachelor`s degree required; Master`s Degree in business or finance – 5+ years of relevant supervisory experience – An examiner commission from a U.S. regulatory agency or progress in the FRS program is a plus. – Experience with safety and soundness or consumer protection and community development supervisory programs as conducted by the Federal Reserve System in one or more Supervision portfolios (FMI, LFBO, CBO, RBO, FBO, Consumer Compliance) – Well-developed knowledge of banking regulatory products and processes Benefits: Our organization offers benefits that are the best fit for you at every stage of your career: – Fully paid Pension plan and 401k with Generous Match – Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA) – Subsidized Public Transportation Program – Tuition Assistance Program – Onsite Fitness & Wellness Center – Flexible Work Arrangements – And more Please note that the position requires access to confidential supervisory information and/or FOMC 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, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements. In addition, all candidates who do not currently possess a Level 2 clearance or higher must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana. The Federal Reserve Bank of New York 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. This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.