Dedicated Supervisory Team Deputy Lead

Company

Federal Reserve Bank of Boston

Working at the Federal Reserve Bank 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 talented professionals to foster and support the safety, soundness, and vitality of our economic and financial systems. It is a challenge that demands the skills of a financial service professional and the intellectual curiosity of an academic - all combined with a passion for public service. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine,
​Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.


This job is eligible for a hybrid schedule with on-site work expected. The individual is excepted to reside in the 1st District unless you were given an exception.

Dedicated Supervisory Team Deputy Lead

Overview:
The Dedicated Supervisory Team (DST) Deputy Lead is a critically important leadership role in the oversight of the large, globally systemic financial institutions under Federal Reserve supervisory authority, combining technical, managerial and relationship management skills to positively affect supervisory strategy and outcomes at the firm they primarily supervise.  The DST Deputy Lead position supports, and stands in when necessary for, the DST Lead. Through a strong understanding of effective governance and controls processes and ability to influence the actions of others, this position is responsible for guiding the Reserve System to an appropriate supervisory strategy for the supervised institution, and then affecting the desired actions on the part of firm leadership by establishing ongoing and effective relationships with senior management of the supervised institution. This position is also responsible for remaining aware of and contributing to the understanding of industry-wide risk exposures and sound practices in risk management. As requested, the incumbent provides support to senior Reserve Bank and System management in the formulation and implementation of policy. This position manages a supervisory team, including providing performance feedback and coaching members of the team, and reports to the DST Lead. 

The position and job description posted is for an Exam Manager III/IV. The successful candidate will be placed into an appropriate level within the Manager family based on knowledge and experience.

Responsibilities:

• Assists the DST Lead in developing and implementing an appropriate supervisory strategy, working closely with other Reserve System leaders to develop and implement a supervisory plan that targets the largest risks to the firm and broader financial stability. Develops effective relationships with senior management of supervised institutions and pertinent functional regulators to coordinate supervisory activities.
• Continuously assesses the operating condition and control effectiveness of the assigned institution, directs the supervisory process, and provides excellent judgment and well-reasoned decision making in a wide array of situations that may involve highly complex issues, public scrutiny, market reactions, and potentially adversarial circumstances.
• Effectively communicates supervisory findings and concerns, both orally and in writing. Conducts the most sensitive meetings with senior management and directors of the supervised institution, successfully influencing their actions through strong relationship management, negotiation, and conflict resolution skills. 
• Maintains both a broad and deep understanding of the necessary elements of a well governed and controlled large and complex institution, including what constitutes effective director oversight, business line management, independent risk management, compliance programs, assurance processes, operational resilience practices and recovery strategies. Possesses a fulsome understanding of complex regulatory concepts in order to identify themes and appropriately contextualize supervisory activities and results.
• Maintains a broad knowledge of emerging issues and ongoing developments pertaining to the supervision of large and systemically important financial institutions through participation in local meetings, System conferences, and District and System task forces or committees. Initiates and provides expert, final form commentary on proposed changes to supervisory policies and procedures, as appropriate.
• Fosters a diverse set of perspectives to ensure varied viewpoints are appropriately considered when drawing supervisory conclusions.
• Invests in the growth and development of the team through mentoring, coaching and training of direct r