Institutional Supervision Program Director
Federal Reserve Bank of Minneapolis
CompanyFederal Reserve Bank of New YorkWorking 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 banks 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, including consumer protection.
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 US agencies.
The Large Institution Supervision Coordinating Committee Dedicated Supervisory Teams (LISCC – DST) function is responsible for executing the LISCC supervisory program for the five domestic global systemically important banks (G-SIBs) within the Second District. This supervision is accomplished through DST teams assigned to supervise individual firms and in closed coordination and partnership with risk specialists from the LISCC Programs function (Capital, Governance and Controls, Liquidity, Resolution and Recovery Planning), other Group business leaders, as well as LISCC leadership at the Board of Governors and other Federal Reserve Banks.
Your role as Institutional Supervision Program Director and DST Team Lead:
Lead a 13-17 person Dedicated Supervisory Team responsible for executing the LISCC supervisory program.
Provide strategic leadership and senior level oversight of supervisory mandates and activities of the supervisory program.
Direct and/or evaluate supervisory assessments and analyses of complex topics and issues in support of supervisory ratings and messages to institutions.
Provide innovative thinking that contributes to a broader understanding of market and industry practices, and which supports supervisory assessments and policy development.
Collaborate with other risk areas and supervisory teams to ensure that the supervisory program addresses complex issues holistically and that supervisory messages are communicated in a consistent and effective manner.
Establish partnerships with key stakeholders (internal, FRS, Board, OCC, international supervisory partners, etc.) in identifying, assessing, and monitoring inherent/emerging risks related to firm activities.
Lead and participate in local, System, or international committees or working groups, as appropriate.
Build and sustain a culture that is characterized by innovation, creative problem-solving, teamwork, empowerment of employees, accountability, diversity and inclusion, learning and development, business process excellence, and continuous improvement.
Manage the allocation of managers and staff members responsible for ongoing performance management, mentoring, compensation, training and development, and career management of people leaders and staff members.
What we are looking for:
Experienced senior people leaders who lead teams of examiners with supervisory responsibility for globally systemically important banks.
Exceptional managers with a strong track record of attracting, retaining, and developing diverse talent.
Expert supervisors with a deep understanding of complex financial institutions, their products, risks, governance, and the markets in which they operate.
Strong, clear, confident communicators with a demonstrated ability to deliver tough supervisory messages to senior executives and directors of supervised institutions.
Salary Range: $316200 - $366210 / year
Touchstone Behaviors set clear expectations for leading with impact at every stage of our careers and aspire to achieve in our continued growth and development.
Communicate Authentically: Empathetically engage one another with direct and transparent dialogue and listening. Actively discuss viewpoints with respect and compassion in a timely and candid manner, taking into account verbal and nonverbal cues. Ask questions, learn from each other, and share information widely to move the Bank's work forward.
Collaborate Inclusively: Inspire a diverse and inclusive environment that empowers others to contribute meaningfully. Intentionally bring a diverse set of people together to achieve positive business results.
Drive Progress: Grow and adapt to changing priorities in the Bank. Experiment with new concepts and take appropriate risk to drive innovation. Remain curious and action oriented, navigating through ambiguity and uncertainty to drive outcomes.
Develop Others: Equitably champion, mentor, and develop others to grow professionally. Demonstrate vulnerability and empathy to create a trusted environment.
Take Ownership: Establish an environment of action and excellence by holding self and others accountable to execute to the highest standard.
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
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 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.
Full Time / Part TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)Yes
Work ShiftFirst (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.