Company

Federal Reserve Bank of Atlanta

Federal Reserve Financial Services (FRFS) delivers a suite of payments services to financial institutions via FedLine® Solutions, Fedwire®, National Settlement Service (NSS), FedCash®, FedACH® (Automated Clearing House), Check Services, and the FedNow® Service. In 2020, we undertook a strategic effort to transform FRFS from a product and support office framework to a national, enterprise-focused organization. The enterprise structure integrated the prior retail, wholesale, cash, and customer relations product and support offices into a new organization, which was further joined by the FedNow team in early 2024. Our North Star strategy, with the new structure, is to offer a fully integrated product suite that provides speed, resilience, and choice in meeting the payments needs of financial institutions across the United States. Through our evolved structure, we will meet the needs of the marketplace for new products and services more quickly, seek to provide a more robust and unified customer experience across our financial service offerings, and create new career growth opportunities for FRFS staff.

We are seeking leaders to set the vision, strategy, values, and priorities that enable FRFS to achieve its mission. Our leaders must demonstrate a strategic, action-oriented mindset focused on intellectual curiosity, agility, accountability, and the ability to drive innovation through experimentation. To achieve our vision for a people-focused organization with a strong collaborative and innovative culture, we expect our leaders to champion an inclusive environment and demonstrate our values in how we work and interact with each other and our broader community.

We value the diversity of our people, ideas, and experiences and are committed to building an inclusive culture that is representative of the communities we serve.

Summary:

Leads the enterprise risk management (ERM) program and processes for Federal Reserve Financial Services (FRFS), promoting risk awareness, mitigation, and reporting. Facilitates discussions of current and emerging risks and mitigating actions with officers and staff. Analyzes risks to the organization, including impediments to the successful achievement of strategic objectives, and provides support to senior leadership and FRFS governance bodies. Lead other compliance and internal control activities.

Responsibilities:

• Manages the FRFS enterprise risk management program. Includes developing and managing project plans, facilitating cross-functional workgroup and senior leadership discussions, and evaluating, implementing and managing tools to support the risk management function.

• Develops enterprise risk management policies and practices. Leads effort to define risk appetite and risk tolerances for the organization.

• Maintains a broad knowledge of the risk management discipline, including requirements for financial services, and other risk areas and integrating them into the ERM framework

• Lead ERM relationships across the enterprise, including liaising and consulting with executives and providing 2nd Line effective challenge.

• Lead 2nd Line engagement and effective challenge in large scale FRFS programs and projects as well as across FRFS Product Management

• Maintain a high-level view of the enterprise risk portfolio and advising executives and preparing Board level materials and reporting on enterprise risk management.

• Provides executive level support and leadership of the FRFS Risk Management Committee

• Consults with business area management on the identified risks, possible action plans, and ongoing monitoring. Facilitates sessions with business and functional areas. Understands methods and processes for managing and mitigating risks.

• Collaborates with the FRFS 1st Line to identify, monitor, and report trends and emerging risks that could impact the Bank. Analyzes risks to the organization and communicates to senior leadership and Board of Directors.

• Lead and support other FRFS compliance activities that may include Audit coordination, SOX/COSO program and AML/OFAC activities.

• Represents FRFS on System committees, leads or participates on high-level System work groups to develop, assess, and report on risk assessments, internal controls, and policy matters.

• Establishes and manages relationships both internally and externally to ensure a solid understanding of the major businesses and functions of FRFS and the Federal Reserve, and their high-level processes within FRFS

Education: Bachelor's Degree or equivalent

Experience: 8 to 10 years’ experience in risk management, including financial services risk management practices, requirements and expectations.

Qualifications:

• Excellent ability to lead through influence across a diverse organization to drive the adoption of risk management programs and organizational adoption of risk management programs.

• Outstanding communication skills (written and verbal) to engage effectively at all levels of management including FRFS governance bodies.

• Experience in technology, payment systems and/or third-party risk management a plus.

Our total rewards program offers benefits that are the best fit for you at every stage of your career:

• Comprehensive healthcare options (Medical, Dental, and Vision)

• 401K match, and a fully funded pension plan

• Paid vacation and holidays; flexible work environment

• Generously subsidized public transportation

• Annual tuition reimbursement

• Professional development programs, training and conferences

• And more…

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 (e.g. emergencies, rush jobs, change in workload or technological developments).

The Federal Reserve Bank of Atlanta is an equal opportunity employer.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)

OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.

OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.

Why Our People Choose Us:

Our reputation precedes us

There will always be room for personal growth

Our people are first

You’ll find the right balance

Your responsibilities will be meaningful

We hope that you will be our future colleague.