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

Company

Federal Reserve Bank of New York

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 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 wit