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Institution Supervision Supervising Examiner

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

New York, NY, USA
Posted on Wednesday, August 16, 2023

Company

Federal 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

  • 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 Supervisory Coordinating Committee (LISCC) Supervision Program is the Federal Reserve’s national supervisory program for the largest and most systemically important financial institutions. The LISCC Dedicated Supervisory Team (DST) executes firm-specific examinations and monitoring in coordination with the national programs, maintains a broad-based understanding of the safety and soundness of their assigned firm, and recommends supervisory plans and ratings. Each DST partners with national programs (Capital, Governance and Controls, Liquidity, Resolution and Recovery Planning) to plan and execute on monitoring and assessments of their supervised firm.

Your role as Institutional Supervision Supervising Examiner:

  • Lead or participate in firm-specific reviews and baseline monitoring meetings in accordance with LISCC program requirements

  • Collaborate with other DST and Horizontal Examiner Teams to identify and develop supervisory responses to inherent and emerging risks

  • Develop and maintain productive relationships with key business and finance contacts at the firm such as CFOs, Central CCAR Office, Risk Managers (credit, market, interest rate), etc. to discuss, investigate, and understand various topics relevant to the LISCC Program

  • Contribute to the assessment of the firm’s annual assessment and ratings by:

    • Identifying the main ratings drivers of risk and performance, and the firm’s resilience to risk taking activities

    • Leveraging information gathered over the supervisory cycle from firm-specific examinations and/or horizontal reviews, and other monitoring activities

    • Drafting rating assessment language for the annual assessment letter based on the totality of related supervisory work conducted throughout the year

  • Collaborate with LISCC program pillars, including the Capital Program, the Monitoring and Analysis Program (“MAP”) and the Governance and Controls, by conducting monitoring across a range of performance and areas at the firm

    • Help implement a forward-looking risk identification framework that addresses emerging risks for the financial system and financial stability

    • Provide input to the governance and controls rating based on the financial risk management and control assessments conducted under the Capital Program

What we are looking for:

  • Supervisory experience in taking a leading role on examinations at large complex financial institutions and/or an ability and willingness to learn about complex regulations, including supervisory expectations and findings

  • Supervisory or industry experience in investment banking and/or global markets trading businesses including an understanding of financial risk management involving institutional clients.

  • Working knowledge relevant supervisory standards pertaining to effective stress testing, financial risks, and capital management practices at large financial institutions

  • Relevant experience with financial and non-financial risks, bank capitalization, business performance monitoring, stress testing, or risk/return analytic issues

  • Excellent project management, communication, interpersonal, and collaboration skills

Salary Range: $178100 - $207900 / 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.

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

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 Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Supervisory/Management

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.

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