Safety and Soundness: The Division of Risk Management Supervision
It seems the banking industry is always on the forefront of technological innovation – from mobile banking applications to digital wallet services, web-based services, chat bots, and wireless transactions – not to mention the technology banks use for their own internal operations. These services provide many benefits to consumers and banks, but they also have the potential for significant and persistent risks.
We now live in a world of ever-increasing cybersecurity risks. In the banking system, the consequences of not controlling that risk can be severe, spreading globally by the minute or the second. The Information Technology Examination Analyst (ITEA) position offers an invaluable opportunity to help protect our nation’s financial system from cyber threats.
In addition to exposure to the latest in financial technology, the FDIC offers a competitive salary, a generous benefits package, and much more.
Why the FDIC?
The FDIC supervises a majority of the country’s community banks. These institutions provide loans to farmers and small businesses, make it possible for entrepreneurs to launch start-ups, support local governments as they build libraries and parks, and foster local economies. These essential functions are the very things that help keep America running.
As an ITEA in our Division of Risk Management Supervision (RMS), you will help the agency actively monitor cybersecurity risks in the banking industry. Your vital role supports the FDIC’s mission through these critical functions:
- Participating in examinations to ensure that financial institutions and service providers of client banks are appropriately managing their exposure to cybersecurity risk;
- Determining if bank management has considered how cyber events could disrupt their operations and has designed policies and procedures to appropriately respond to potential risks;
- Identifying irregularities, weaknesses, and deficiencies in the cybersecurity systems and risk management practices; and
- Evaluating bank management’s ability and willingness to correct issues.
Other highlights of our work culture:
Professional development – Our agency is committed to the personal and professional development of all its employees. We have several programs and resources available to help all members of the FDIC workforce achieve their professional and personal goals.
Work/Life balance – We offer reasonable work hours, flexible work schedules, and telework opportunities to help employees lead a fulfilling life outside of work.
Commitment to Diversity, Equity, and Inclusion – The FDIC achieves its mission by creating an inclusive work environment that recognizes and appreciates all employees' perspectives and talents, allows employees opportunities to reach their highest potential, and attracts and retains the most talented employees.
What will you do?
The FDIC evaluates banks and savings associations to determine if they are operating in a safe-and-sound manner. As an ITEA in RMS, you will be part of a team that assesses the overall risk management of the institution. In particular, you will participate in:
- Evaluating and assessing an institution’s processes to determine if existing and new IT systems meet the institution’s cybersecurity and operational risk requirements;
- Identifying and reporting irregularities or deficiencies in the financial institution’s systems and risk management practices;
- Presenting findings and recommendations to higher graded analysts and examiners, and to institution management;
- Conducting meetings with financial institution management to recommend corrective action for deficiencies; and
- Performing work assignments and completing projects in a team environment.
Questions?
Reach out to our team at careerssanfrancisco@fdic.gov.
Want to stay connected? Leave your information with us, and we will contact you about new internship and career opportunities that match your interests. Any information you provide is confidential, and will only be viewed by our recruiters to the extent required to provide information about open positions.
The FDIC is an equal opportunity employer. We recruit, hire, and develop a high-performing workforce that reflects the communities we serve. Applicants are considered without regard to their race, religion, color, sex (including pregnancy, gender identity, and sexual orientation), national origin, disability, age, genetic information, retaliation, parental status, or other non-merit factors.