Vice President, Bank of America Dedicate Supervisory Team Leader

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

People & HR, Operations
Multiple locations
Posted on Sunday, June 9, 2024


Federal Reserve Bank of RichmondWhen you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

About the Opportunity

The Large Financial Institutions Supervision (LFIS) unit of the Supervision, Regulation & Credit (SRC) Department has an immediate opening for Vice President/ Dedicated Supervisory Team (DST) Lead for the Bank of America Corporation team. The DST Lead is accountable for and leads a team that will include approximately 15 team members. This is an officer role and the position reports directly to the Senior Vice President responsible for the LFIS unit.

The successful candidate will be responsible for designing and directing the supervision consistent with national program requirements for Bank of America Corporation (BAC), a Systemically Important Financial Institution (SIFI) and the second largest financial institution in the United States. This involves leading and contributing to institution specific as well as large-scale horizontal supervisory assessments. The latter consist of high-profile, complex work that requires thought leadership and strong organization, collaboration, and communication skills. The collective supervision of BAC is accomplished through the activities of an assigned team of managers and experienced examiners as well as risk specialists housed outside of the supervisory team, establishing partnerships with other regulatory authorities, and communicating activities and results to a wide variety of stakeholders.

The DST Lead will establish ongoing and productive relationships with BAC’s executive management and board of directors, the Operating Committee (OC)’s program leadership and staff, and other domestic and foreign supervisors. The DST lead will coordinate and collaborate closely with OC program leadership to identify and communicate deficiencies to the financial institution. This individual routinely participates in vetting sessions with senior System personnel and actively communicates deficiencies in risk management practices and emerging risk issues to senior Reserve Bank management, the OC, and Board of Governors official staff.

The successful candidate must continually remain aware of and contribute to the understanding of industry[1]wide risk exposures and the assigned institution’s risk position relative to these national profiles. To accomplish this, this individual must be able to quickly analyze a large volume of information to understand firm-specific and broader financial stability issues and concerns. The DST Lead is responsible for establishing expectations and providing coaching and feedback to his or her team members. This individual is also responsible for the career development of his/her direct reports and for overseeing career development for members of the dedicated supervisory team. The DST Lead is also responsible for ensuring team members’ compliance with Unit, Department, Reserve Bank and System policies and procedures. The preferred location for this role Charlotte, NC.

What You Will Do:

  • Lead a team of direct and indirect reports responsible for understanding material risks, and assessing how these are measured and managed within the supervised institution.

  • Offer System and Reserve Bank partners real-time insights on essential risks and vulnerabilities of the supervised institution.

  • Develop supervisory products that are well-supported, clear with national LISCC program requirements and expectations.

  • Coordinate with System risk specialists and horizontal program colleagues to arrive at a shared understanding of material findings, and incorporating these views into supervisory products, while promoting a collaborative environment.

  • Provide well supported recommendations on ratings, supervisory assessments and other materials issues to LISCC OC and LISCC Core Program Steering Committee decision makers.

  • Provide clear, well-substantiated supervisory messages, to the supervised institution in partnership with the national LISCC program.

  • Oversee the supervision program for the supervised institution, which includes holding periodic meetings with institution management and counterparts at other agencies and reviewing management reporting to be well-positioned to identify and escalate new issues and adjust the supervisory strategy.

  • Talent Development.

  • Provide leadership and manage direct reports including setting priorities, reviewing work products, developing talent, and succession planning.

  • Promote a culture that encourages the sharing of diverse perspectives across the LISCC community and SRC; and hold the team to a high standard of operational excellence in building the supervisory program and associated operational processes.

  • Contribute to the understanding of systemic risks and supervisory concerns through participation in local meetings.

  • Be a member of SRC’s senior leadership team, contributing to the development of important Group and Bank strategic priorities, policies and procedures, and personnel management and administration requirements. Participation on Group and Bank workgroups and special projects.


  • Bachelor’s degree in Finance, Economics, Business, Management, or related field or industry certification(s) in risk specialty. Master’s degree preferred.

  • Minimum of 15 years of regulatory or industry experience and a minimum of 7 years of large bank experience.

  • Significant leadership experience (minimum of 7-10 years) in management; significant experience leading multiple, large, cross-functional teams in complex environments (virtual, remote, multi-site, etc.).

  • Examiner commission and credentials required.

  • Must be willing to travel when conditions permit.

Discover the Reason Why So Many People Love It Here!

When you join the Richmond Fed, not only will you find a challenging and purposeful career, you’ll also have access to a wide range of benefits and perks that support your health and wealth, including:

  • Great medical benefits

  • Pension and 401(k) with employer match

  • Paid time off

  • Tuition reimbursement

  • Employee resource networks

  • Paid volunteer leave

  • Flexible work options

  • Onsite amenities that make working here fun!

Other Requirements and Considerations:

  • Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.

  • If you need assistance or an accommodation due to a disability, please notify rich.recruitment@rich.frb.org.

  • Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.).

  • This 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 not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.

  • In addition, all candidates must undergo an enhanced background check and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.

  • Under Conflict of Interest guidelines administered by the Board of Governors of the Federal Reserve System, examining personnel may not participate on an examination of a financial institution or affiliate if the examiner was employed by the financial institution or affiliate within the past 12 months.

  • Please review Bank’s Employee Code of Conduct to ensure there are no major issues related to your previous employment and current financial interests (relevant sections are 5.3 and Appendix B, Parts I, II and III). FRB ethics rules generally prohibit employees and their immediate families from owning investments in banks, savings associations, or their holding companies (Section 5.3). Additionally, employees engaged in Supervision and Regulation may be subject to borrowing and deposit restrictions. These employees may need to recuse themselves from certain supervisory work based on:

    • Their borrowing relationships (Appendix B Parts I.1, II.1 and II.2)

    • If a financial institution employs a member of the employee’s immediate family (i.e. spouse, child, parent, or sibling) (Appendix B Part I.3 and Part II.3)

    • If the individual was employed by the financial institution or affiliate within the past 12 months (Appendix B Part I.3 and II.3).

    • In certain cases, the recusal may be so extensive it could materially reduce the effectiveness of the prospective employee’s job responsibilities.

  • The hiring range for this Vice President role is $218,900 to $273,600 annually.

  • Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications.

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.

Privacy Notice