Job title: Central Point of Contact – Large & Foreign Banking Organizations (LFBO)
Company: Federal Reserve Bank
Job description: 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’s flexible work model supports balancing the demands of work and life, while prioritizing the value of connecting and collaborating with our colleagues in person. Employees are expected to live within a commutable distance of their primary work location to support team collaboration.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 Manager – Central Point of Contact (CPC):You will lead a dynamic Dedicated Supervisory Team (DST), responsible for executing examinations and continuous monitoring of a large foreign banking organization. You will also actively engage with several LFBO Function risk specialists who support day-to-day supervision of the institution and work closely with a range of colleagues in the Federal Reserve System and at other supervisory agencies.Core responsibilities include:
- 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.
- Provide opportunities for members of the DST to develop and grow in a diverse, equitable, and inclusive environment. Exemplify a “One Portfolio” mindset whereby coaching and opportunities are shared not just with those in your direct reporting line but also the LFBO Function more broadly.
- Support LFBO 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.
- 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.
- 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: $159400-$235200 / yearWe 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
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 TimeFull timeRegular / TemporaryRegularJob Exempt (Yes / No)YesJob CategorySupervisory/ManagementWork 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.Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.Privacy Notice
Expected salary: $159400 – 235200 per year
Location: New York
Job date: Sat, 18 Jan 2025 23:49:42 GMT
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