Central Point of Contact – Large & Foreign Banking Organizations (LFBO)

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’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-grou