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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 Large and Foreign Banking Organization (LFBO) Function within the Supervision Group at the Federal Reserve Bank of New York is responsible for monitoring and assessing the safety and soundness of Second District firms that are domestic or foreign-owned with U.S. operations over $100 billion in assets, excluding the Large Institution Supervision Coordinating Committee (LISCC) firms. This is accomplished through system horizontal reviews, target examinations and continuous monitoring programs.
The Deputy Central Point of Contact (Deputy CPC) role is responsible for supporting the CPC in the development and execution of the Reserve Bank's supervisory plan and Combined U.S. Operations. Key duties of the Deputy CPC, in support of the CPC, include: evaluating the firm's holistic risk profile and identifying supervisory priorities; overseeing the supervisory team's day-to-day execution of the supervisory program, and in particular serving as a Governance and Controls (G&C) Lead for the team's associated activities; and delivering recommendations and supervisory messages to decision-makers and senior management of the firm. The Deputy CPC may also play a direct role in covering a business line/risk stripe, depending on qualification and interest.
Your role as a Deputy Central Point of Contact:
Support the CPC in developing a holistic view of the firm's risk profile and control framework by leveraging team members;
Identify supervisory priorities and develop supervisory strategy in conjunction with the CPC and drawing upon input from team members;
Oversee the day-to-day execution of the team's supervisory program, ensure that team adheres to supervisory requirements and standards, and contribute to innovation and improvements by reevaluate team workflow as necessary;
As the G&C Lead, work with team members to monitor firm's progress in governance and control, develop the supervisory assessment and strategy, and provide feedback to team's monitoring and exam work;
Oversee staff assignments, coach and mentor staff, contribute to the on-boarding and training processes for new team members, and provide input to the CPC on staff performance;
Communicate supervisory issues, strategies, and emerging issues to Reserve Bank senior management and Board staff;
Maintain professional working relationships with the bank's senior management to monitor trends and developments, as well as resolve issues and communicate supervisory findings;
Develop and maintain effective working relationship with other U.S. bank regulators and the home country supervisor (ECB, ACPR) to coordinate the identification and evaluation of material risks arising from the bank's operations;
Work collaboratively with colleagues from other large and foreign banking organization supervisory teams across the System to enhance consistency in approach, to facilitate sharing of best practices, and to identify emerging issues;
Provide input regarding Federal Reserve System supervisory guidance and processes;
Drives operational excellence and ensures compliance with System and Reserve Bank policies and guidelines for supervisory activities, work paper standards, scheduling and budgeting.
Qualifications: What we are looking for:
Strong supervisory judgement and experience, and ability to assimilate new information and topic areas and produce sound analysis;
Excellent organizational skills, with demonstrated ability to oversee the execution of the supervisory program by effectively managing the team's multiple priorities;
Strong leadership skills and demonstrated ability to influence key stakeholders at a range of levels – including other regulatory agencies, risk partners, and team members – and build coalitions necessary to drive change efforts when needed;
Effective communication skills (both written and verbal), with track record of producing high quality work products within desired timeframes and effectively delivering supervisory messages to senior management;
Ability to work independently and demonstrate sound judgment in balancing competing priorities;
7-10 years of relevant experience;
Commissioned examiner preferred; otherwise willing to undertake commissioning training;
Some domestic and international travel is required.
The successful candidate for this position will be considered a "Deputy examiner" and subject to the post-employment restriction under section 10(k) of the Federal Deposit Insurance Act. Under the statute and the Board's implementing rule (12 CFR Part 264a), an examiner who served as the "Deputy examiner" for a depository institution or depository institution holding company for two or more months during the examiner's final twelve months of employment with a Reserve Bank is prohibited from knowingly accepting compensation as an employee, officer, director, or consultant from that institution or holding company, or from certain related entities. For further information on the prohibition, see Federal Reserve Supervisory Letter 2005-26.
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.
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.
Internal Number: 6535971
About Federal Reserve Bank of New York
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