Deputy Central Point of Contact

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

New York, NY, USA
Posted on Wednesday, May 22, 2024


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, 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 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 Deputy Central Point of Contact (CPC), Institutional Supervision Program Manager:

In this managerial role, you will be a critical member of a Dedicated Supervisory Team (DST) responsible for planning and executing supervisory strategy of a large foreign banking organization financial institution. This includes oversight of examinations including horizontals, remediation programs, and continuous monitoring efforts. As a manager you will provide feedback and mentoring to develop professionals. You are expected to work closely with a range of stakeholders such as other colleagues in FRBNY Supervision, Board of Governors, and other U.S. and foreign regulators. You will report into the Central Point of Contact (CPC) for the supervised institution and stand in for the CPC as required.

Core responsibilities:

  • Develop and deliver high quality execution of the end-to-end supervisory process which includes oversight of Governance & Control, Capital, and Liquidity pillars across the three lines of defense; as part of supervisory planning, work with the DST to identify, prioritize, and adapt areas of supervisory focus; lead periodic meetings with institution senior management and board of directors, engage with counterparts at other agencies; review management reporting & MIS to escalate trends and emerging risks; and development and delivery well supported ratings recommendations.

  • Manage the team to a high standard of operational excellence and ensure compliance with applicable policies and guidelines. This includes review of work products, oversight of examinations or other major complex programs, initiatives, and project. Provide active feedback, guidance, mentoring and coaching.

  • Build relationships with other supervisory teams, risk specialists, senior Reserve Bank and Board of Governors staff, and other U.S. and foreign supervisors. Promote an inclusive culture that values learning and agility, curiosity, and sharing of diverse perspectives among the supervisory stakeholders.

  • Help deliver on FRBNY and the Federal Reserve System’s LFBO Portfolio supervisory priorities and support associated committees and subcommittees.

What we are looking for:

  • Experienced professional with an advanced understanding of the financial system, including legal and organization structures, risk taking, and risk management practices in a wide range of financial and non-financial risk areas.

  • Ability to drive progress at supervised institution, ability to build effective working relationships in a complex organization, ability to communicate effectively and persuasively with the most senior levels of organizations (both internal and external).

  • Effective written and verbal communication skills, including the ability to present to executive level management and large audiences.

  • Track record of leadership, innovative thinking, decision making, and strong execution.

  • Commissioned examiner and/or Examiner-in-Charge (EIC) experience strongly preferred; candidate must be willing to enroll in examiner commissioning training upon acceptance of the position.

  • Some travel may be required.

Salary Range: $155400-$229300 / 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.


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


Job Exempt (Yes / No)


Job Category


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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