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Institutional Supervision Program Lead - Central Point of Contact (CPC)

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

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See open jobs at Federal Reserve Bank of Minneapolis.
New York, NY, USA
Posted on Sunday, January 14, 2024

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

The Large and Foreign Banking Organization (LFBO) Function is responsible for monitoring and assessing the safety and soundness of three large domestic firms and all foreign-owned firms with U.S. operations (FBOs) in the Second District.

Your role as the Institutional Supervision Program Lead – Central Point of Contact (CPC):

You will lead a dynamic Dedicated Supervisory Team (DST) of nine professionals responsible for executing examinations and continuous monitoring of a large FBO financial institution with an intermediate holding company. You will be the face of the FRBNY to the supervised institution and will direct supervisory assessments and the analysis and synthesis of complex topics in support of supervisory ratings and messages to the institution. You will manage and develop your team, provide thought leadership on the supervisory strategy for the supervised institution and developments in the LFBO supervision program more broadly, and work closely with a range of colleagues at the FRBNY, other Reserve Banks, and the Board of Governors.

Core responsibilities include:

  • Model the behaviors of a senior people leader by providing opportunities for the professionals in the DST to develop and grow in a diverse, equitable, and inclusive environment.

  • Support senior management in developing strategies, programs, and pathways to ensure that the workforce is properly skilled, capable, diverse, and inclusive, particularly as it relates to succession planning in attracting and retaining talent to the LFBO Function.

  • Develop and deliver high quality execution of the end-to-end supervisory process for the supervised institution, with strong agility and supervisory judgment. This includes: identifying and prioritizing areas of supervisory focus for the supervisory plan; engaging regularly with the supervised institution’s board of directors and senior executives, and counterparts at other supervisory agencies, to be well-positioned to identify and escalate trends and emerging risks; and providing clear, persuasive, and timely communications on supervisory findings and the bases for supervisory assessments and ratings.

  • Motivate the team to a high standard of operational excellence in executing the end-to-end supervisory process.

  • Influence the forward evolution of FRBNY and the Federal Reserve System’s LFBO Portfolio supervisory priorities and processes via active relationship-building with FRBNY and LFBO Portfolio peers and participation in associated committees and subcommittees.

What we are looking for:

  • Demonstrated aptitude to coach and develop high-performing teams that are diverse in gender, ethnicity, background and thought and create an accepting, empowering culture that makes all employees, regardless of background, feel valued and motivated.

  • Deep and broad understanding of the financial system, including demonstrated application of concepts related to legal and organization structures, risk taking, and risk management practices in a wide range of financial and non-financial risk areas. Demonstrated knowledge and experience with financial institution sales and trading and corporate and investment banking businesses preferred.

  • Strong diplomacy skills with the ability to build effective working relationships in a complex organization and to communicate effectively and persuasively with all levels, including the most senior levels of organizations.

  • Strong evidence of thought leadership, agility and innovative approaches, well-grounded decision making, and strong execution.

  • Examiner commission is required for this position. In absence of examiner commission, demonstration of significant progress in examiner commissioning program for those currently enrolled, or willingness to enroll in examiner commissioning and place strong priority on completion upon acceptance of the position.

  • Some travel may be required for examinations, meetings, and training.

Salary Range: $262900 - $321000 / 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

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 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.

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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