FR-26 Minimal Qualifications

Requires excellent analytical ability and oral and written communication skills typically acquired by completion of a Bachelor's Degree in computer science or related discipline. Requires a minimum of 5 years work experience with computer security systems. Possesses an advanced working knowledge of the internal architecture of centralized and decentralized computer resources. Demonstrates a high level of knowledge of security requirements for the System and information security standards documents. Able to learn quickly and integrate knowledge with many other security systems.

FR-27 Minimal Qualifications

Requires excellent analytical ability and oral and written communication skills typically acquired by completion of a Bachelor’s Degree in computer science or related discipline. Requires a minimum of 7 years experience working with computer security systems. Possesses a superior working knowledge of the internal architecture of centralized and decentralized computer resources. Demonstrates a high level of knowledge of the software techniques needed to support hardware and of disk and tape storage. Demonstrates an excellent knowledge of security requirements for a system, including information security policies and standards. Possesses expertise in emerging technologies.

Remarks: The Sr. Cybersecurity Analyst (Sr. Security Analyst) is an individual contributor position responsible for the instrumentation and administration of cybersecurity tools, appliances, and measures to protect the Board’s IT assets and ensure the Board’s ability to conduct its mission. The Sr. Cybersecurity Analyst (Sr. Security Analyst) utilizes cybersecurity tools such as firewalls, proxies, intrusion detection, intrusion prevention, endpoint protection, and data analysis platforms as part of an integrated, defense in depth solution with a central security information and event management (SIEM) system and security orchestration tools. The Sr. Cybersecurity Analyst (Sr. Security Analyst) must understand system architectures and possess the ability to identify security weaknesses that can be exploited to compromise a variety of systems used by the Board. The Sr. Cybersecurity Analyst (Sr. Security Analyst) develops technical products and presents highly technical subjects to a variety of audiences ranging from non-technical senior leaders to highly technical subject matter experts. The Sr. Cybersecurity Analyst (Sr. Security Analyst) collaborates with other cybersecurity professionals to develop and implement cybersecurity solutions that enable threat hunt activities. The Sr. Cybersecurity Analyst (Sr. Security Analyst) provides technical and analytical assessments to support information security engineering decisions to ensure Board information and systems are adequately protected.

This position requires a TOP SECRET / SENSITIVE COMPARTMENTED INFORMATION security clearance.

Highly Desirable:

· Expert knowledge in the in at least one of the following areas: cybersecurity operations, cyber threat analysis, data science principles, digital forensics, incident handling, incident management, incident response, vulnerability management, security engineering, automation and programming, project management, and/or relevant technologies and programming languages.

· Ability to provide threat assessments, recommend cybersecurity technologies for intrusion detection and prevention, assess technical vulnerabilities, identifying automation opportunities, investigate and resolve security breaches.

· Experience using cybersecurity tools such as firewalls, proxies, intrusion detection, intrusion prevention, endpoint protection, data analysis platforms, a SIEM, and/or security orchestration tools.

· Experience with incident response tools and processes including host forensics, network forensics, log analysis, timeline development, memory acquisition and analysis, image acquisition, etc.

· Experience analyzing threat intelligence from a variety of sources to understand the nature of a threat, extract the information that informs threat hunt operations, and uses that information to investigate Board IT assets for evidence of an intrusion or compromise.

· Familiarity with relevant policies, procedures, and be able to work with TOP SECRET / SENSITIVE COMPARTMENTED INFORMATION.

· Demonstrated resourcefulness and advanced critical thinking skills to independently direct, analyze, and implement solutions for all the various complex problems that arise in the administrative and operations area.

· Expert technical writing and communications skills. Contacts are often with division leadership, but also with staff at all levels; a significant degree of coordination and contact with other units/sections/divisions may also be required.

· Ability to construct clear and concise written work and applies an increasingly advanced understanding of grammar, sentence structure, and intended audience(s) to the process of writing and editing such work.

· Ability to explain to cross-team or cross-divisional partners items of high levels of complexity.

· Possess skills in negotiation and persuasion in performing duties and influencing support for change.

This position is hybrid, requiring a combination of telework and in-office presence in Washington, DC.

High school diploma or equivalent experience with advanced training in the electronic field required. Must be able to interact and display tact and diplomacy at all levels within the Board staff. Must possess seven years of specialized experience. Must possess a master electrician’s license and be certified in fiber optic cable installation and testing. Requires a thorough knowledge of electrical codes, motors, motor control systems, switch gear systems (both medium and low voltage), low voltage lighting controls systems, and 277 volt fluorescent lighting. An extensive background in power and distribution electrical circuitry, and an ability to read and comprehend construction blueprints and schematics are required. Also required is an expertise in using sophisticated electronic testing equipment, such as megohmmeters, voltage meters, and amp meters, and the ability to utilize core drills, hydraulic and hand knockout cutters, bench drills and hand tools. Must show a demonstrable commitment to a strong customer service philosophy.

Provides leadership and guidance to other team members (including any apprentices) in all areas of the job. This includes demonstrating proper work methods, answering questions from co-workers regarding procedures, work orders, policies, written instructions and other directions, and assuring adherence to appropriate safety procedures. Performs the more technically difficult work of the section.

Installs wiring, conduit, cable trays, and other devices for electrical, voice and data systems to include fiber optic cabling. Maintains, services, and repairs all electrical equipment and devices to include motors, starters, breakers, switches, variable speed drives, audible signal systems, and other devices.

Uses blueprints, wiring, diagrams, engineering drawings, and electrical maintenance and repair manuals to plan and lay out the routing, placement, type, size, gauge, balance, load, and continuity, while assuring the proper and safe operation of electrical lines, circuits, systems, equipment, and controls.

Keeps abreast of state-of-the-art equipment and new techniques in the electrical profession by attending trade shows and national electric code certification programs.

Physical Demands/Work Environment:
Makes repairs and installations from ladders, scaffolding and platforms as parts of systems worked on are in hard-to-reach areas. Requires standing, stooping, bending, kneeling, climbing, and working in tiring and uncomfortable positions. Frequently carries and sets up parts and equipment that weigh up to 50 pounds. May be required to lift and carry items that weigh over 50 pounds. Work is done inside and outside and can be dirty, dusty, and greasy. Makes repairs to sanitary sump pumps used for the disposal of human waste. Sometimes required to make repairs and installations outside in bad weather and in work areas that are noisy. Occasionally exposed to possibility of electrical shock and burns. Exposure to noise, battery acid, high voltage, and cleaning chemicals. Potential exists to work around hazardous materials.

This position requires an onsite presence.

Requirements FR-27

Successful candidate will have at least four years of work experience as a practicing attorney in private practice or government agency and general knowledge in the regulation of financial institutions or in the regulation of securities, derivatives, insurance or commodities. Prior experience in developing and drafting regulations applicable to banking organizations or other financial institutions also is valuable. Corporate transactional experience is helpful. Successful candidate will demonstrate excellent oral and written communication skills, strong analytic and interpersonal skills (including the ability to interact effectively with management and staff at all levels of the organization), personal initiative, and adaptability in working across legal disciplines. Must also possess excellent attention to detail and strong organizational skills (including ability to handle multiple assignments and organize projects and see through their successful completion with minimal supervision). Bar membership and U.S. citizenship required.

Requirements FR-28

Successful candidate will have at least six years of work experience as a practicing attorney in private practice or government agency and general knowledge in the regulation of financial institutions or in the regulation of securities, derivatives, insurance or commodities. Prior experience in developing and drafting regulations applicable to banking organizations or other financial institutions also is valuable. Corporate transactional experience is helpful. Successful candidate will demonstrate excellent oral and written communication skills, strong analytic and interpersonal skills (including the ability to interact effectively with management and staff at all levels of the organization), personal initiative, and adaptability in working across legal disciplines. Must also possess excellent attention to detail and strong organizational skills (including ability to handle multiple assignments and organize projects and see through their successful completion with minimal supervision). Bar membership and U.S. citizenship required.

In addition, for both FR-27 and FR-28:

· A writing sample may be required at the time of application submission.

· Successful completion of background check required.

About the Job:

Handles assignments in the Banking Regulation and Policy Group of the Board’s Legal Division. The Banking Regulation and Policy Group is responsible for legal and policy issues regarding the regulation and supervision of Federal Reserve-supervised firms and also issues regarding financial stability more generally.

Drafts memoranda to the Board, staff opinion letters, legislative and regulatory proposals, and similar documents. Furnishes legal opinions and advice and responds to System and public inquiries concerning Federal statutes, interpretations, and opinions concerning the supervision and regulation of financial institutions, regulatory responsibilities of the Board, Reserve Bank matters, and related issues. Makes oral presentations at meetings with Board members. Performs more difficult assignments at this level, receives general supervision and direction from more experienced attorneys, and works with senior staff to prepare Board presentations and draft regulatory proposals.

In addition, attorneys review and analyze complex bank merger and consolidation transactions, proposals by bank holding companies to engage in novel nonbanking activities, requests for interpretation of various Federal banking laws, proposed amendments to the Federal banking laws and regulations, and other matters within the scope of the Federal Reserve's authority.

This is a hybrid position located in Washington, D.C. with a weekly Wednesday on-site requirement and as business needs require.

FR-26 Minimum Qualifications:

Requires a bachelor’s degree in computer science, information technology, or related field and five years of experience. Must have intermediate to advanced knowledge in one or more of the following areas: system controls, system maintenance, system monitoring, system security, system testing, cloud technology, computer networking, recovery, data warehouse architecture, programming/scripting languages, change management principles, automation, computing, networking, and database systems. Must be able to work effectively with staff. Must be able to support one or more of the following: user technical support, hardware and software support, technical problem solving, software development, technology evaluation, and information security.

FR-27 Minimum Qualifications:

Requires a bachelor’s degree in computer science, information technology, or related field and six years of experience. Must have advanced to expert knowledge in one or more of the following areas: system controls, system maintenance, system monitoring, system security, system testing, cloud technology, computer networking, recovery, data warehouse architecture, programming/scripting languages, change management principles, automation, computing, networking, and database systems. Must be able to work effectively with staff. Must be able to lead one or more of the following: user technical support, hardware and software support, technical problem solving, software development, technology evaluation, and information security.

FR-28 Minimum Qualifications:

Requires a bachelor’s degree in computer science, information technology, or related field and eight years of experience. Must have advanced to expert knowledge in one or more of the following areas: system controls, system maintenance, system monitoring, system security, system testing, cloud technology, computer networking, recovery, data warehouse architecture, programming/scripting languages, change management principles, automation, computing, networking, and database systems. Must be able to work effectively with staff. Must be able to direct one or more of the following: user technical support, hardware and software support, technical problem solving, software development, technology evaluation, and information security

Remarks:

The Senior Network Engineer role involves being part of the IT Network Infrastructure (NI) team, responsible for overseeing the Board's enterprise and data center IP Networks, encompassing switches, routers, firewalls, WiFi, and optical infrastructure. Candidates for this position must possess extensive experience in configuring, deploying, and supporting enterprise-class and data center networks, particularly with Cisco Nexus Catalyst platforms (95K,7K). Advanced experience in BGP, OSPF, STP, VXLAN, and network design is essential.

Preferred candidates will also have experience with technologies such as AWS networking, Cisco DNA, Palo Alto firewalls, Zscaler, and Cisco Wireless. Certification such as CCNP or CCIE, or equivalent, is highly desirable.

Applicants should demonstrate initiative, self-direction, teamwork skills, and the ability to work independently to install, maintain, and administer secure networks. Responsibilities include problem-solving, outage prevention, aligning business and security requirements, developing technical documentation, and presenting complex data concisely. Candidates should exhibit learning agility, responsiveness to clients, and a commitment to enhancing their skills, expertise, and responsibilities.

The role entails participating in on-call rotations, including some night and weekend shifts according to rotation schedules and ad hoc requirements.

This position is hybrid, requiring a combination of telework and in-office presence in Washington, DC.

Qualifications:

Requires strong analytical capabilities, initiative, and exceptional organizational and interpersonal skills, along with outstanding grammatical and editing skills. Expert knowledge of the Federal Register and Code of Federal Regulations publication processes is desired. Must be able to effectively with ambiguity and adapt behavior or work methods in response to new information, changing conditions, or unexpected obstacles. Must be able to work effectively with senior management and junior staff, including explaining the most complex administrative and operations issues/concepts to all. Knowledge level is typically achieved through completion of a bachelor’s degree and six (6) years relevant experience or the equivalent combination of training and extensive work-related experience. Knowledge of the Board’s practices and procedures a plus.

Remarks:

Successful candidate must demonstrate strong legal research and writing skills along with excellent communication and collaboration skills.Incumbent may review high volumes of documents that include email communications, calendars, policy or guidance memoranda, PowerPoint presentations, formal correspondence, and other types of documents for publication including section 508 compliance. Work involves assisting with the publication of regulations and other documents.Incumbent will also use Board’s record keeping system and data management systems such as SharePoint (familiarity with SharePoint (on-premises and online) preferred).Incumbent will coordinate with other divisions within the Board as necessary to accomplish work.Incumbent must be “tech savvy”, and highly proficient with Word and Excel (including using formulas and creating pivot and other chart) and readily able to learn new systems.Perform other related duties as assigned.Irregular hours may be required, including some evening and weekend. High volume of work.This is a hybrid position located in Washington, D.C. with a weekly Wednesday on-site requirement and as business needs require.

Requires a bachelor’s degree in information systems, computer science, or a related discipline, and excellent analytical ability and oral and written communications skills typically acquired through a minimum of five (5) years full-time work experience. Strong knowledge of different application development platforms (web, distributed, mainframe). Thorough knowledge of the System Development Life Cycles. Self-motivation and ability to work well with others. Demonstrated ability to learn quickly about new security tools and how to use them. Experience testing complex applications with various components and writing test plans and detailed test scenarios. Experience with database querying. Ability to multi-task and take direction, handle stringent test deadlines and time and quality pressures, and accept and deliver in a challenging environment. Develops professional skills. Maintains awareness of evolving system development and quality assurance methodologies through professional publications and outside contacts. Ability to share with others the information gained by reviewing professional publications or by communicating with other professionals. Some background knowledge in the financial industry is preferred but not required.

Problem Solving:

Follows IT standards and procedural documentation. Is often required to assist in solving unique problems for which standard procedures do not exist. Responsible for initiating and developing new standard procedural documentation when needed and maintaining existing documentation when changes occur. Uses initiative and resourcefulness in deviating from traditional methods to improve efficiency and effectiveness of the quality assurance approach. Resolves critical and complex problems.

Complexity:

Uses judgment and analytical ability to work with division managers and staff to quickly resolve compliance issues by identifying and interpreting FISMA guidance. Works on the most complex software development and system deployment efforts. Uses a high degree of creativity and analytical skills. Understands project interdependencies.

Impact of Actions:

The Analyst’s work is essential to the division’s development efforts and can have a direct effect on the availability and/or performance of critical computer resources used by the client community. Data communications with Reserve Banks may also be impacted by the Analyst’s work.

Communications:

The Analyst’s duties require a high level of interactive communication in unstructured settings. Contacts vary throughout the division, Board, FR System, and depending on assignment, other regulatory agencies, as well as occasional contacts with higher level officials. The purpose of these contacts is to plan, coordinate, explain, or advise work efforts, or to resolve operational problems by influencing or motivating individuals or groups who may or may not be working toward mutual goals.

A minimum of 4 years of related experience required. Candidates should possessproduct-centric mindset to turn business needs to product roadmaps. This position requires strong communication skills to advance initiatives and create consensus through clear and concise messaging. Experience in a business relationship management role executing strategic plans and/or project portfolios; Must possess clear, concise, effective, verbal, and written communication; including the ability to effectively communicate with technical personnel, business customers, and management. Requires leadership and negotiation skills and experience/in-depth knowledge of the business analysis and operations, system and business requirements analysis and IT processes and technologies. Demonstrated leadership skills in the areas of strategic planning and decision making, navigating ambiguity, and building trusting relationships.

This position requires demonstrated competencies of strategic agility; decision quality; drive for excellence; analysis; initiative and resourcefulness; ability to learn; technical knowledge; oral and written communication skills; ability to develop collaborative relationships; planning, organizing skills; and a customer and service orientation.

Highly Desirable Experience:

· Experience analyzing a variety of complex issues and finds solutions for problems with little guidance from the supervisor and ability to build and influence relationships. Expected to conduct research into problems, evolving business and technical trends, and network with experts in the industry. Experience working effectively as part of a cross-functional team to solve problems and support change.

· Conducts analysis on business problems with creativity. Demonstrate sound judgment and responsibility. May recommend new approaches to resolving business problems.

· Results focused and able to manage and prioritize multiple initiatives simultaneously.

FR26 Minimum Qualifications

The FR26 Analyst requires three (3) years of related experience.

FR27 Minimum Qualifications

The FR27 Manager requires four (4) years of related experience.

FR28 Minimum Qualification

The FR28 Manager requires five (5) years of related experience.

This position is hybrid, requiring a combination of telework and an in-office presence in Washington, DC.

Summary:

We are seeking a talented Principal Identity, Credential, and Access Management (ICAM) Engineer with 7 years of experience implementing access control modules and policies across multiple systems, applications, data stores and environments. These systems and applications will be deployed in the cloud and on-prem. This may constitute Mandatory Access Control (MAC), Role-Based Access Control (RBAC), Discretionary Access Control (DAC), Rule-Based Access Control (RBAC or RB-RBAC), and/or Policy-Based Access Control (PBAC), with an emphasis on RBAC/PBAC.

The ICAM Engineer will be responsible for:

RBAC and PBAC Implementation: Develop, deploy, and maintain RBAC and PBAC modules for access control, ensuring that users and entities have the appropriate permissions and privileges. Access Control Policies: Collaborate with stakeholders to define and enforce access control policies based on RBAC and PBAC principles. Identity Management: Design and manage the identity lifecycle, including provisioning, de-provisioning, and authentication processes. Access Governance: Monitor and audit access permissions to ensure compliance with security policies, industry standards, and regulatory requirements. Single Sign-On (SSO) Solutions: Integrate with existing and/or implement and maintain SSO solutions for streamlined user authentication and access management, if permitted. Integration: integrate ICAM solutions with various systems, applications, and services, ensuring seamless functionality. Troubleshooting and Incident Response: Investigate and resolve access-related issues and participate in incident response activities as needed. Documentation: Maintain detailed documentation of ICAM configurations, policies, and procedures. Security Awareness: Stay current with emerging ICAM and best practices in access management and security. Collaboration: Work closely with cross-functional teams, including IT, security, compliance, and application development teams, and others to implement and maintain ICAM solutions effectively. User Training: Provide training and support to end-users and administrators on ICAM tools and procedures.

The Senior Security Analyst (Principal ICAM Engineer) is a security engineer expert for identity, credential, and access management that will provide technical direction and leadership to collaboratively prototype, integrate, develop, and test with product teams to identify optimal ICAM enterprise solutions that meet the present and future needs of Board customers. The Senior Security Analyst (Principal ICAM Engineer) directs the coordination of a wide range of major technical, operational, and policy initiatives associated with Federal Identity, Credential, and Access Management (FICAM), cybersecurity, and related IT security policy objectives for the Federal government.

Position Requirements

FR-27 Minimal Qualifications

Requires excellent analytical ability and oral and written communication skills typically acquired by completion of a bachelor's degree in computer science or related discipline. Requires a minimum of 7 year's experience working with computer security systems. Possesses expertise in emerging technologies.

FR-28 Minimal Qualifications

Requires excellent analytical ability and oral and written communication skills typically acquired by completion of a bachelor's degree in computer science or related discipline. Requires 8 years-experience in working with computer security systems. Requires a mastery of technical knowledge of the functions and interrelationships of the major components of automation systems and technologies, including telecommunications, operating systems, and data base management systems. Possesses expertise in emerging technologies.

Remarks:

Act as a technical expert/resource for the team and business partners while leading the analysis, design and development of high volume, low latency applications for mission critical systems delivering high-availability and performance to best meet customer needs.Independently write well designed, testable, efficient code to support varied and highly complex IT solutions.Provide technical leadership to other IT specialists to rapidly develop and deliver stunning solutions that meet changing business needs.Perform all necessary discovery and fact finding to fully understand highly complex business problems and opportunities and independently execute all assignments.Evaluate options to provide solution buy vs. build recommendations to management.Independently analyze and recommend solutions to development and production issues while effectively communicating to the project team, applicable vendors and/or the manager in a timely manner.Research and stay abreast of technology trends and IT best practices, with a focus on continuous learning and possible application to the business.Regularly act in a project lead capacity and/or represent the department on enterprise-wise project teams.Provide direction and assistance to less experienced team members and may oversee or coordinate work efforts as needed.Assist management with employee development initiatives, including training.

Previous large-scale engineering experience with increasing responsibilities over your career. Extensive experience as a systems engineer, architect, or consultant in a government environment. Hands on experience with identity and access management technologies from leading vendors including Microsoft, Saviynt, SailPoint, CyberArk, Entra ID, Azure AD, and Okta. Experience in the decomposition of requirements, use cases, and needs into a technical design, applying user-centric and test-driven design approaches. Strong attention to detail; highly organized. Deep understanding of both cloud and on-premises infrastructure concepts, including compute resources, networking, security, load balancing, operating systems (Linux and others), web and application servers, databases, and storage. Understanding of how to architect a system for high availability and fault tolerance. Strong oral and written communication skills with the ability to tailor your messaging to technical and non-technical audiences. Job involves independent research, implementations, and daily operational assignments. Understanding of credentials, authentication and authorization principles and design alternatives. Experience implementing Windows for Hello for Business, FIDO2 authenticators, and YubiKeys for Multifactor authentication. Diverse technical experience with Active Directory, LDAP, NLTM, Kerberos, federation assurance, Azure Active Directory, identity management, privileged accounts, application development methods, cloud security, Microsoft Office 365, and security operations. Knowledge of Domains, Forests, and organizational units (OUs) along with secure object store, users, computers, and groups in a hybrid cloud environment. Experience with integrating ICAM solutions such as IGA with data access governance tools (DAG) and data catalog solutions.

Highly Desirable:

· 7 years of work experience as an ICAM engineer with a focus on identity as a perimeter or related ICAM leadership role, best practice Identity Governance Administration (IGA), Identity Credentialing Access Management (ICAM) or similar experience that is directly transferable.

· Security enterprise architecture mindset with business acumen

· Certification and/or experience with identity governance administration (IGA) and identity provider technologies (IdP) with Saviynt, SailPoint, Azure AD, Okta, and Entra ID, etc.

· Certifications and/or Experience with Privileged Access Management (PAM) technologies including Saviynt, CyberArk, Thycotic, Symantec, etc.

· Experience with FIDO2 and phishing-resistant authenticator methods such as YubiKey, windows for hello for business, etc.

· Cloud Solutions Engineer certifications preferred - including Azure, AWS, etc.

· Certifications in CIAM, CSEIP, CISSP, or general identity management specific

· Deep understanding of standards based and service-oriented architectures for Identity and Access Management (IAM)

· Deep understanding of cloud capabilities for each area: Infrastructure-as-a-Service, Platform-as-a-Service, and Software-as-a-Service

· Deep understanding of Zero Trust Reference Architecture

This position is hybrid, requiring a combination of telework and in-office presence in Washington, DC.

About the Team

The successful candidate works alongside economists within the Division of Supervision Regulation. More specifically, the PhD intern will work within the Policy Research and Analytics (PRA) team. PRA is a group in SR responsible for policymaking surrounding banks’ trading, credit, and operational risk models, researching the economic impacts of regulatory policies, and analyzing information on banks’ internal risk limits as part of Volcker rule compliance.

The PhD intern will also have a chance to interact with the Stress Testing group. Economists in this group support related policy work while conducting research on a range of research areas, including but not limited to the economics of financial intermediation by banks and non-banks, and the implications on bank supervision and regulation, financial stability, and real economic activity.

About the Role

The Ph.D. internship within the Division of Supervision Regulation (SR) provides graduate Ph.D. students the opportunity to collaborate with research economists and policymakers, conduct research towards their dissertation and contribute to the mission of the Board. This internship will be offered as a 6-month long internship opportunity with the Policy Research and Analytics group.

While at the Board, Ph.D. interns will:

Primarily focus on researching a topic of their own choosing, furthering dissertation research begun before the internship.Strengthen their oral presentation skills through hosting and presenting 1-2 seminars on their work.Build institutional knowledge and technical skills by engaging in policy work related to their interests.Work with confidential regulatory data collected within the division, if approved.Develop relationships and collaborate with Board economists, through which they will receive feedback on their work.Learn about preparing for the job market.Participate in our extensive seminar series.

Qualifications

Desired Degree Program or Coursework: Must be enrolled in an accredited graduate level program pursuing a Ph.D. in Economics, Finance, or a related field of study with a minimum 3.0 GPA. Preference is given to students at an advanced stage of writing their dissertation.

Preferred Research Interests

BankingBanking RegulationCorporate FinanceFinancial Risk ManagementFinancial Intermediation

Anticipated Dates Term

January 2025 through June 2025 (the exact dates are slightly flexible).

Required Documents for Application

CV or ResumeCover Letter (Please describe why you are interested in this position as well as whether you have any specific project in mind)Work from Thesis (e.g., current drafts, research proposal, presentation slides)Unofficial Graduate Program TranscriptContact Information (Name, Email, Phone Number) for Two Potential Letters of Recommendation

Notes

The deadline to submit your application is Friday, July 26th, 2024.This position is open to candidates able to work in either a hybrid in Washington, DC or remote capacity.U.S Citizenship is required for all Board internships and applicants must be current students, graduating from their program Spring 2026 or later. This internship will begin Jan 2025 with the Policy Research and Analytics (PRA) group with a 6-month term, ending June 2025.

Qualifications:

Requirements for FR-22:

Successful candidate will have an undergraduate degree. Requires specialized knowledge of legal principles, concepts, and legal research methodology acquired through completion of an American Bar Association approved Legal Assistant (Paralegal) program or equivalent experience.

Requirements for FR-23:

Successful candidate will have an undergraduate degree and a minimum of one year of related experience. Requires specialized knowledge of legal principles, concepts, and legal research methodology acquired through completion of an American Bar Association approved Legal Assistant (Paralegal) program or equivalent experience.

Requirements for FR-24:

Successful candidate will have an undergraduate degree and a minimum of two years of related experience. Requires specialized knowledge of legal principles, concepts, and legal research methodology acquired through completion of an American Bar Association approved Legal Assistant (Paralegal) program or equivalent experience.

Requirements for FR-25:

Successful candidate will have an undergraduate degree and a minimum of seven years of related experience. Requires specialized knowledge of legal principles, concepts, and legal research methodology acquired through completion of an American Bar Association approved Legal Assistant (Paralegal) program or equivalent experience.

Possesses a thorough knowledge of the processes and procedures for drafting, reviewing, and submitting notices, regulations, and related materials for publication, including in the Federal Register and the Code of Federal Regulations. Possesses a thorough knowledge of and the requisite skills for organizing and summarizing materials related to complex transactions filed with the Board and for managing and preparing banking applications and related documents for public release as directed. Requires analytical ability and strong oral and written communication skills and service orientation. Possesses a specialized knowledge of legal principles, concepts, and legal research methodology, including automated legal research techniques.

Remarks:

At all FR levels:

· Successful candidate must demonstrate strong legal research and writing skills along with excellent communication and collaboration skills.

· Incumbent may review high volumes of documents that include email communications, calendars, policy or guidance memoranda, PowerPoint presentations, formal correspondence, and other types of documents for document production including compliance with section 508 of the Rehabilitation Act of 1973, as amended (“section 508,” found at 29 U.S.C. 794(d)). Work involves assisting with the publication of regulations and other documents.

· Incumbent will also use the Board’s recordkeeping system and data management systems such as SharePoint (familiarity with SharePoint (on-premises and online) preferred).

· Incumbent will coordinate with other divisions within the Board as necessary to accomplish work.

· Incumbent must be “tech savvy,” and highly proficient with Word and Excel (including using formulas and creating pivot and other charts) and readily able to learn new systems.

· Performs other related duties as assigned.

· Irregular hours may be required, including some evening and weekend. High volume of work.

· This is a hybrid position located in Washington, D.C. with a weekly Wednesday on-site requirement and as business needs require.

About the Job

The Paralegal will work in the Banking Regulations and Policy Group of the Board’s Legal Division. Will serve as the liaison to Federal Register staff and oversee the publication of regulations and related materials submitted by the Board or the FOMC for publication in the Federal Register, the Code of Federal Regulations, and the Board’s public website. The Paralegal also serves as primary contact for systems that manage the Board’s banking applications matters, including supporting the processing and publication of documents. The Paralegal uses initiative and resourcefulness in solving problems and in developing policies and procedures for the publication of documents and the processing of banking applications, as well as collaborating with Board staff and staff in state and federal banking regulatory agencies to facilitate the production and publication of documents. The Paralegal also manages and prepares public notice documents for banking applications matters, plans and organizes public Board meetings for banking applications-related matters, and coordinates the review of public comments (including preparation of comments for public posting and rendering comments compliant with section 508. The Paralegal collects, gathers, and summarizes banking applications-related precedent for reference by attorneys, including information from relevant state and federal agencies as well as self-regulatory organizations.

KNOWLEDGE/SKILL REQUIREMENTS

Bachelor’s degree or higher from an accredited college or university in business administration, finance, economics, accounting, or similar area, or equivalent experience, plus at least eight years of progressive specialized experience in auditing, inspecting, evaluating, or reviewing programs obtained in an OIG or similar program, including two years of direct or indirect management/ supervisory experience including the accomplishment of objectives through the leadership of direct reports and/or project teams and the evaluation of performance, or comparable position. Ability to obtain a Top Secret clearance and is subject to the Board’s drug testing program. Requires expert knowledge of auditing, evaluation, inspection, management, and/or analytical principles, techniques, methods, and procedures, including Government Auditing Standards and other applicable standards or guidance. Requires the ability to direct, coordinate, and consult on audit, inspection, evaluation, and other review activities. Requires strong knowledge of the Board’s, the Bureau’s, and the System’s primary mission areas and administrative operations. May require an extensive knowledge of information technology and its application to Board and Bureau programs and operations and auditing such programs and operations. Demonstrates strong oral and written communication skills, and the ability to review audit/inspection/evaluation reports and other work products for completeness, adequacy, and supportability. Demonstrates ability to guide, direct, mentor, and train subordinate staff assigned to projects, so they may handle the demands of their assignments. Demonstrates ability to gain the confidence and cooperation of others by exercising a high degree of tact, diplomacy, resourcefulness, and judgment. Prefer certification in one or more of the following: Certified Public Accountant, Certified Internal Auditor, Certified Information Systems Auditor, Certified Information System Security Professional, and/or other related professional certification.

REMARKS

Past performance evaluations may be requestedThe OIG’s telework policy requires employees to be physically present in the office a minimum of 4 days per month. Employees may be expected to be physically present in the office more than 4 days per month, as required by business needs.Prior experience in conducting, leading, and managing IT and cybersecurity-related audits and evaluations (in areas such as systems development, cybersecurity, governance, data management, privacy, and IT capital planning and investment control) within a federal IT environment and/or the financial industry is preferred.Knowledge of risks and related audit considerations with artificial intelligence, zero trust architecture, cloud computing, supply chain risk management, financial payment systems modernization, fintech, and blockchain is preferred.Prior experience in developing and maturing data literacy and analytics capabilities is a plus.Knowledge of vulnerability scanning, penetration testing, and red-team assessment methodologies is a plus.

The Managing Counsel will lead a team of Analysts and Attorneys in the Supervisory Policy and Outreach Section. The Section develops supervisory policies and issues guidance to System staff and supervised institutions to promote effective supervision and compliance with consumer protection laws and regulations. It also engages in outreach with external stakeholders, including industry representatives and consumer advocates, to help inform the Division of Consumer and Community Affair’s supervisory and policy-related activities.

Make recommendations regarding the most complex and sensitive consumer protection and compliance issues. Interpret a complex body of laws, regulations, legal cases, examination and enforcement policies, and position papers. Represents Board interests among federal regulatory agencies, the financial services industry, consumer advocates, and members of the public. Demonstrates initiative and takes risks appropriately. Responsible for policy positions and communicating division position on matters related to consumer compliance examinations and enforcement. Provides leadership for senior and expert level analytical staff; and resolves budgetary issues for section.Considered to be a legal expert in supervisory policy, consumer protection laws and regulations. Provides leadership for the development of the supervisory policy and outreach.Leads highly complex policy development projects and program development activities affecting the public, the financial services industry, the Federal Reserve and other federal agencies. Resulting work of section can have serious legal, monetary, and public relations impacts on individual banks and bank holding companies. The work requires strong collaboration and information sharing with other divisions at the Board, the Reserve Banks, and other federal and state agencies. Decisions may directly affect how individual consumers and/or the general public are treated and how individual financial entities and/or financial industry behave or operate in the financial services marketplace. The work promotes fair and equitable access to credit through efforts that directly impact:policy development, for example interagency development of guidance to the industry or to the public or responses to congressional inquiries; andenforcement of consumer protection laws and regulations through examinations and the complaint processInteracts with all levels of Board division staff (Legal, Banking Supervision and Regulation, Research and Statistics, and Congressional Liaison Office). Represents the Board when engaging with members of the financial services industry, Congressional staff, staff members from other banking agencies and members of the public. Responds to inquiries by Board members, senior level Reserve Bank staff, members of the public, private organizations, other federal and state agencies, and Congress.Manages section workload by allocating staff and other resources appropriately. Conducts staff performance appraisals and handles other related personnel matters. Supervises work of all section staff level (FR24 to FR29). Provides oversight, guidance and suggestions regarding work efforts to varying level of section staff to assist in the final work product. Incumbent faces changing priorities that substantially affect the products and deadlines of subordinates making the quality of the supervision crucial.

Skills/Knowledge Requirements:

Requires a JD degree and admission to the Bar. Six years of specific experience with expertise in consumer protection law or consumer compliance supervision. Thorough understanding of compliance examinations and/or banking supervision. Strongly developed communication and analytical skills. Ability to interpret complex existing and proposed consumer protection laws and regulations; ability to communicate legal positions regarding new or proposed legislation or policy; and ability to synthesize supervisory expectations and regulatory requirements. Excellent analytical, interpersonal, oral and written communication skills are essential. Demonstrated ability to direct staff, set priorities, develop and coach staff, assess staff performance, and make budgetary recommendations are required. Must be able to effectively exercise a high degree of independent judgment, work under tight timetables and deadlines, and deal effectively with numerous project assignments and changing priorities.

The Division of Consumer and Community Affairs (DCCA) has resumed an in-office presence. Our flexible hybrid work environment requires employees to be physically present in the office a minimum of 4 days per month. This includes a monthly connection day (on a Wednesday). On occasion, DCCA employees may be expected to be physically present in the office more than 4 days per month, as required by business needs, but can work remotely the remaining days.

The key responsibilities of the Managing Counsel for Fair Lending Enforcement include:

Leading the Fair Lending Enforcement Section comprised of attorneys, economists, analysts and data scientists.Managing fair lending supervision and enforcement matters involving staff from the CCA Division and Reserve Banks. This includes making well-reasoned supervision, enforcement, and referral recommendations to the Assistant Director.Providing Equal Credit Opportunity Act and Fair Housing Act legal and policy expertise in connection with such activities as Board speeches, congressional testimonies, supervisory policy, consumer compliance examination process, consumer complaint investigations, and bank/bank holding company applications case reviews.Researching and analyzing existing and proposed legislation, statutes, regulations, case law, guidance, studies, reports, and industry developments relating to fair lending. Representing the Division and the Board before other agencies, the public, consumer advocacy groups, members of the industry, and the Federal Reserve System. This includes making presentations to the Board, Reserve Banks, interagency groups and external audiences related to fair lending supervision and enforcement.Assuming a leadership role among federal financial supervisory agencies and other federal and state agencies to facilitate effective coordination in fair lending policies, programs and activities.Participating in developing and conducting fair lending training programs for Division staff, the System’s examiners and other relevant staff.

This position also requires:

Possession of or the ability to obtain necessary security clearances.Completion of a Juris Doctor (J.D.) degree and active membership in a State Bar.Six years of specific experience with expertise in consumer protection and/or civil rights law and enforcement related to financial services. Ability to provide legal expertise in compliance examinations or banking supervision. Ability to direct complex legal analysis (including statistical analysis, where appropriate) regarding potential consumer protection and/or civil rights violations.Please include a resume, cover letter, and brief writing sample (less than 10pp.) in your profile prior to submitting your application.

The Division of Consumer and Community Affairs (DCCA) has resumed an in-office presence. Our flexible hybrid work environment requires employees to be physically present in the office a minimum of 4 days per month. This includes a monthly connection day (on a Wednesday). On occasion, DCCA employees may be expected to be physically present in the office more than 4 days per month, as required by business needs, but can work remotely the remaining days.

Requires a high school diploma, GED or equivalent experience and at least three years' experience as a locksmith or familiarity with locksmith techniques. Some knowledge of hardware specifications, electro-mechanical hardware (systems and components) is required. Must be able to obtain a Top-Secret security clearance based on a Single Scope Background Investigation (SSBI).

Requires lifting or carrying of items weighing in excess of 15 pounds and up to 50 pounds or heavier weights, with assistance. Workers frequently stand, stoop, bend, kneel and work in awkward positions when installing and opening locks and emergency exit hardware on-site. work is normally done inside in areas that are well lighted, heated and ventilated. Occasionally works outside in bad weather or in areas that are drafty and poorly lighted. Exposed to possibility of cuts, scrapes and bruises.

Must be able to communicate effectively both orally and in writing.

WE-44 requires a high school diploma, GED or equivalent experience and at least five years’ experience as a locksmith. Must be knowledgeable of industrial and governmental security lock and key control programs such as FF-L-2740. Extensive knowledge of hardware specifications, electro-mechanical hardware (systems and components) and system installation and purchasing is required. Ability to decipher commercially manufactured locking devices and understand the working interrelationships with a variety of equipment such as monitors, alarms, timing mechanisms and sensors, which make up security or surveillance systems. Must be able to obtain a Top-Secret security clearance based on a Single Scope Background Investigation (SSBI). Demonstrated leadership abilities.

This position requires an onsite presence and to be on call 24/7.

Highly desired, 15 years direct cybersecurity experience for a large financial institution or Federal Agency or a bachelor's degree in information technology (IT), computer science, cybersecurity, and 8 years related experience or a master’s degree in a related field and 8 years of related experience.

• Assesses and develop policy needs to govern cyber security activities and the rigorous application of cyber security / information assurance policies, principles, and practices. Interprets and applies applicable laws, statutes, and regulatory documents and integrates into policy.
• Develops and maintains cooperative relationships and programs with other Federal agencies, state, and local governments, foreign central Banks and government entities, and industry and financial sector officials to provide advice and recommendations concerning cyber and resilience issues of major national/financial/economic significance. .
• Develops strategies, policies, and guidance to address challenging and complex cyber issues including facilitating recommendations and decisions that influence the Federal Reserve System and Federal security policies, strategies, and programs.
• Works with the Section to identify and report on new and emerging threats to the Federal Reserve System including those that could impact the financial sector and the national security of the United States.
• Expert knowledge in one or more of the following areas: cybersecurity operations, incident handling, incident management, incident response, cyber threat analysis, data science principles, vulnerability management, security engineering, cloud technologies and security, automation and programming, project management, and / or relevant emerging technologies.
• Experience analyzing threat intelligence from a variety of sources to understand the nature of a threat, ability to provide threat assessments, assess technical vulnerabilities, and recommend cybersecurity technologies or architecture approaches for risk mitigation.
• Familiarity with relevant policies, procedures, and be able to work with TOP SECRET / SENSITIVE COMPARTMENTED INFORMATION.
• Demonstrated resourcefulness and advanced critical thinking skills to independently direct, analyze, and implement solutions for all the various complex problems that arise in the administrative and operations area.
• Expert in technical writing and communications skills with the ability to construct clear and concise written work tailored to intended audience(s) with varying levels of technical expertise.
• Excellent communications skills including the ability to generate and deliver focused briefings on complex topics to senior leaders Possess skills in negotiation and persuasion in performing duties and influencing support for change.
• Holds an active TOP SECRET / SENSITIVE COMPARTMENTED INFORMATION security clearance.
• Holds a current nationally recognized certification in cybersecurity such as a CISSP, CISM, CCSM, etc.

This position is in Washington DC and will require onsite presence at least six days in a month and as business needs require.

REMARKS

Past performance evaluations may be requested.Ability to foster a diverse and inclusive team culture.Knowledge of tools and techniques to develop, promote, and mature a culture of data literacy throughout an organization is strongly preferred.Knowledge of emerging technologies, such as artificial intelligence, large language models, and natural language processing, and their intersection with data analytics is desired.Programing knowledge in Python, R, and SQL.Familiarity with Oracle, Peoplesoft, and Salesforce management systems, databases, and analytical software applications, such as ACL, Tableau, and Altair Monarch is highly desirable.The OIG’s telework policy requires employees to be physically present in the office a minimum of 4 days per month. Employees may be expected to be physically present in the office more than 4 days per month, as required by business needs.

KEYWORDS: #OIG, #CIGIE, #FRB, #data analytics, #data mining, #data literacy, #information technology, #AI, #Generative AI, #NLP, #Python, #ACL, #Tableau, #Power BI, #Monarch, #R programming

FR – 23 Position Summary

The Financial Systems Analyst (FSA) is responsible for the analysis of System economic, financial and structure data; the development of requirements for automated collection and analysis tools; and the implementation of those tools; and the testing and quality assurance techniques associated with system development. The FSA is expected to have a good understanding of the underlying accounting and economic theories that characterize the Board's regulatory and reporting requirements and should have a sound understanding of data processing capabilities.

FR – 24 Position Summary

The Financial Systems Analyst (FSA) is responsible for the analysis of System economic, financial, and structure data; the development of requirements for automated collection and analysis tools; and the implementation of those tools. The FSA is expected to have a strong understanding of the underlying accounting and economic theories that characterize the Board's regulatory and reporting requirements and should have a sound understanding of data processing capabilities. Broad knowledge of statistical and information technology functions.

FR – 25 Position Summary

The Financial Systems Analyst (FSA) is responsible for the analysis of System economic, financial and structure data; the development of requirements for automated collection and analysis tools; and the implementation of those tools; and the testing and quality assurance techniques associated with system development. The FSA is a technical expert in all aspects of information processed by the unit and has a high degree of knowledge of the statistics function in the division, at the Board, and in the System.

FR – 23 Duties and Responsibilities

· Performs primary and backup financial and structure data analysis for data flows and other assigned internal projects. Analyzes reporting series and structure data questions and problems; responds to a range of client inquiries in the areas of regulation, automation, data transactions and structure processing.

· Supports the development of high-level analytical techniques that may include the construction and testing of statistical models to be used for cross-sectional and time-series analysis of data trends, the effects of banking structure changes on economic and financial data, and the improvement and maintenance of the quality of structure data.

· Assists in the development of business rules and report or application formats for distributed, web, and mainframe programmers to use in developing applications or systems.

· Oversees new series and report changes on the systems used for processing a specific reporting series. Contributes to technical memoranda development, reviews existing edits, and recommends improvements in their efficiency and effectiveness. Prepares written requirements and test plans for system software changes.

· Makes decisions regarding data quality and edit resolution. Responsible for preparation of statistical reports, charts, tables, and other materials used by unit and client staff.

· Provides advice and guidance regarding series processing and structure data issues to other analysts regarding automation, editing procedures, and data analysis.

· Ensures that all administrative and internal series processing deadlines are met for the unit.

· Assists in preparing documentation and conducting testing in compliance with System Development Methodology (SDM) requirements.

· Provides technical and data content assistance to users of system software and data submitters from the public.

FR – 24 Duties and Responsibilities

· Performs primary and backup financial and structure data analysis for data flows and other assigned internal projects. Analyzes and provides resolution to reporting series and structure data questions and problems; responds to a range of client inquiries in the areas of regulation, automation, data transactions, and structure processing. Coordinates the development of system parameters for series processing.

· Develops high-level analytical techniques that may include the construction and testing of statistical models to be used for cross-sectional and time-series analysis of data trends, the effects of banking structure changes on economic and financial data, and the improvement and maintenance of the quality of structure data.

· Develops business rules and report or application formats for distributed, web, and mainframe programmers to use in developing applications or systems automated programs or systems to support analytical work and the release of public information. Work may include programming and the development of conceptual design.

· Drafts technical memoranda changes for series processing; reviews existing edits; and recommends improvements in the efficiency and effectiveness of automated systems. Prepares written requirements and test plans for system software changes; and, independently develops technical requirements.

· Makes decisions regarding data quality and edit resolution. Responsible for preparation of statistical reports, charts, tables, and other materials used by unit, management, and client staff.

· Provides advice and guidance regarding series processing and structure data issues to other analysts regarding automation, editing procedures, and data analysis.

· Ensures that all administrative and internal series processing deadlines are met for the unit, such as preparation of status reports, review of Reserve Bank and other regulatory agency performance, and coordination of periodic edit reviews.

· Represents unit or branch in client meetings; makes decisions regarding data questions; and participates on task forces and committees, both internal and external to the Board.

FR – 25 Duties and Responsibilities

· Performs primary and backup financial and structure data analysis for data flows and other assigned internal projects. Provides resolution to reporting series, structure information and data collection questions and problems; responds to a wide range of client inquiries in the areas of regulation, automation, data transactions and structure processing. Organizes planning meetings for new or revised series.

· Develops high-level analytical techniques that may include the construction and testing of statistical models to be used for cross-sectional and time-series analysis of data trends, the effects of banking structure changes on economic and financial data, and the improvement and maintenance of the quality of structure data. Develops and reviews standards for data interchange within the Federal Reserve System.

· Develops business rules and report or application formats for distributed, web, and mainframe programmers to use in developing applications or systems automated programs or systems to support analyt