DevOps Engineer

Company

Federal Reserve Bank of New York

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.  

The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance. 

What we do:

The Supervision Group of the Federal Reserve Bank of New York (FRBNY) supervises financial

institutions located in the Second District. The objectives of Supervision are to:

• Evaluate and promote the overall safety and soundness of supervised institutions

• Ensure supervised institutions’ compliance with relevant laws and regulations

• Facilitate the stability of the financial system of the United States

• Support the growth and stability of the U.S. economy.

Supervision is carried out through a combination of methods, including on-site and off-site examinations involving staff dedicated to the supervision of an individual firm and other professionals focused on analytical, policy, and risk matters. Supervision is coordinated with other U.S. agencies.

The New York Stress Testing (NYST) Department within the Supervisory Policy and Strategy function is a key contributor to the Federal Reserve System’s annual supervisory stress test, which assesses whether bank holding companies and U.S. intermediate holding companies with $100 billion or more in total consolidated assets are sufficiently capitalized to absorb losses during a hypothetical stress scenario. NYST leads scenario design for the global market shock (GMS) component of the stress test, which is applied to firms with significant trading or custodial operations. In addition, NYST develops, executes, and performs ongoing monitoring of models that estimate GMS related losses and firms’ overall post-stress capital levels.

Your role as DevOps Engineer / Risk Modeling and Analytics Specialist in the New York Stress Testing Department:

As a Software Engineer/Developer, you will manage the strategic direction and implementation of NYST’s technological infrastructure. You will guide and participate in the design, building, deployment and maintenance of stress testing processes to increase efficiency and improve/develop stress testing tools to enhance the program’s analytical capabilities. You will report to the Risk Modeling and Analytics Program Lead and collaborate with a dedicated group of programmers and quants to achieve these objectives. The ideal candidate will be comfortable with complex and dynamic systems/processes, have a strong attention to detail, experience leading project teams and a curiosity to learn new technologies and systems.

Core responsibilities include:

• Collaborating with NYST leadership to determine and implement strategic priorities for the program’s technological infrastructure.

• Providing thought leadership in software development approaches and implementation.

• Independently and proactively determining and developing methods to improve stress testing production process workflow and financial risk analysis, including automation.

• Working with software programming languages and technologies to streamline stress testing systems/processes and develop foundational elements within the stress testing program’s technological infrastructure.

• Troubleshooting and resolving issues with stress testing applications, market data feeds and technological infrastructure, as needed.

• Producing high-quality deliverables on a timely basis, including development and maintenance of detailed documentation that would enable a third party to understand and reproduce completed work.

What we are looking for:

• Strong analytical/computational background in computer science, statistics, economics, mathematics, engineering or related fields.

• Demonstrated experience with software development in one or more programming languages (e.g., R, Python, C, C++, Java, JavaScript, Perl).

  • Advanced R programming language skills, including package development and demonstrated experience with front-end software development using R and R Shiny, strongly preferred.

• Demonstrated experience with Git version control software and Continuous Integration/Continuous Delivery (CI/CD) pipelines.

• Proven ability to lead project teams in complex programming projects and work effectively with peers and individually on a shared code base.

• Demonstrated experience building and maintaining batched automated processes on Windows and Unix systems.

• Knowledge of relational databases; Experience creating stored procedures and functions via SQL Server Management Studio preferred.

• Strong written and verbal communication skills.  

• Ability to collaborate effectively in cross functional, geographically dispersed teams.

• Expertise or demonstrated experience in the following a plus:

  • Python, C, C++, Java, JavaScript, Perl

  • Docker

  • Front end web development

  • Statistical computing for data science

  • High performance computing

  • Linux systems programming

  • Time series data containers (e.g., FAME, Asset Control, LIM, Kdb, TimescaleDB, OneTick)

  • Financial markets and market/counterparty credit risk

  • Cloud development

•  Familiarity with banking, or bank supervision-related issues (e.g., stress test requirements) a plus.

Salary Range: $159400-197700 / year  

We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.  

  

Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.  

  

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  

• And more  

This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.   

The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.  

  

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, pregnancy, or military service.  

  

We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.org and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.   

  

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.  

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Analytical

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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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