Federal Reserve Bank Deputy Dedicated Supervisory Team Lead - Supervision Group in New York City, New York
At the Federal Reserve Bank of New York, the work we do is consequential and challenging. Our environment encourages growth and diversity. Our employees flourish in a team-oriented atmosphere and are dedicated to the important mission of the New York Fed.
The Supervision Group of the Federal Reserve Bank of New York, under the delegated authority by the Board of Governors of the Federal Reserve, supervises financial institutions in the Second District. The Group’s mission is to ensure a safe, sound, and accessible financial system. Supervision is responsible for evaluating the safety and soundness of domestic banking institutions, U.S. operations of foreign banking organizations, and systemically important banks and nonbanks (SIFIs), including financial market utilities in the District. These efforts are achieved through periodic onsite evaluations and offsite analysis and surveillance. The Group also analyzes issues and developments to identify emerging supervisory risks and develop domestic and international supervisory policy.
The Large Institution Supervision Coordinating Committee (LISCC) is the governing body over systemically important financial institutions (SIFI). LISCC firms are global US and non US financial services providers engaged in 1) investment banking including sales and trading; 2) commercial banking; 3) retail banking; 4) transaction banking (i.e., wholesale payments, custody, securities lending and securities servicing), and 5) private wealth and asset management.
The Dedicated Supervisory Team (LISCC – DST) function within the Supervision Group is responsible for the execution of an effective risk-focused supervisory program.
Your role as the Deputy DST Lead:
The Deputy DST Lead supports the DST Lead in developing and executing the supervisory program for a Second District complex financial institution, and is responsible for the day-to-day management of the dedicated supervisory team. The Deputy DST Lead also stands in for the DST Lead as required and is expected to contribute thought leadership to developments in the LISCC supervision program more broadly.
Deputy DST Lead responsibilities include:
* Leading a cross-functional team of direct and indirect reports responsible for assessing various elements of the supervised firm’s financial condition and risk management capabilities;
* Delivering strong, clear supervisory messages to the firm;
* Recruiting, developing and retaining talent;
* Building strong, collaborative working relationships across the dedicated supervisory team, other supervisory teams, Group and Bank leadership, FR System colleagues, and other U.S. and foreign supervisors;
* Monitoring trends in the governance, financial condition and risk management and controls infrastructure, and offering senior policy-makers deep, real-time insights on key risks and vulnerabilities of the supervised institution;
* Delivering timely, well supported recommendations on ratings, supervisory assessments and other materials issues to key stakeholders; and,
* Holding the team to a high standard of operational excellence in executing the supervisory program and associated operational processes.
Requirements: * Seasoned financial professional with broad knowledge of financial industry trends, products and risks; Minimum of 10 years of financial experience required and relevant advanced degree preferred; management experience required. * Examiner commission preferred or willingness to enroll in examiner commissioning upon acceptance of the position. * Excellent collaboration and influence skills; ability to build deep, productive working relationships across the Group, the Federal Reserve System and U.S. and foreign regulators. * Seasoned leader with proven track record of management success; ability to motivate and mentor across a range of levels, personality types and reporting lines. * Strong organizational and time management skills; ability to take the initiative, structure tasks and produce high quality results under tight time constraints and rapidly evolving priorities; * Independent, critical thinker, particularly with regard to: o Adept at managing and interpreting data; o Agility and intellectual capacity to quickly assimilate and analyze new information as well as keep track of rapidly changing issues; and, o Promotes challenge within and across teams to ensure all angles of an issue or risk are explored as part of the decision making process. * Ability to interact at all levels with the supervised firm and within the Federal Reserve System. * Excellent clarity of thought translated into strong written and oral communication skills; ability to synthesize and communicate a multitude of information and views succinctly and persuasively; and, * The ideal candidate is one who has held a range of roles within supervision within the Bank or other national financial supervisory institutions, including roles that demonstrate exceptionally strong skills in people-management, prioritization and ability to influence and communicate effectively. * Experience in System initiatives including CCAR, HCR, CLAR, HCR and RRP desirable.
/This position requires access to confidential supervisory 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, U.S. permanent residents who are not yet eligible to apply for naturalization and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so./ // / / /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./
All interested candidates should send a cover letter and resume via email through the Bank’s career website
Why the Fed:
/Working 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'll work in an environment with a diverse group of talented professionals to foster and support the safety, soundness, and vitality of our economic and financial systems. It's a challenge that demands the skills of a financial services professional and the intellectual curiosity of an academic—all combined with a passion for public service./ // / / /The Federal Reserve Bank of New York is committed to a work environment that respects and fully values the strengths and differences of its people. Working at the New York Fed provides talented professionals the chance to grow their skills at an institution that has served a critical role in the financial system of the United States and the world for over a century. An important component of the Bank’s diversity effort is our partnership with several professional non-profit organizations, including INROADS, JumpStart Advisory Group, NBDC Emerging Leaders, Seizing Every Opportunity, National Black MBA, Out for Undergrad, Prospanica and Reaching Out MBA./
Organization: *Federal Reserve Bank of New York
Title: Deputy Dedicated Supervisory Team Lead - Supervision Group
Location: NY-New York City
Requisition ID: 260153