Regional Banks Program Manager - Central Point of Contact - Federal Reserve Bank (FRB)
New York, NY 10001
About the Job
Company
Federal Reserve Bank of New YorkWorking 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, including consumer protection
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 on-site and off-site examinations involving staff dedicated to the supervision of an individual firm and other professionals focused on analytical, policy and risk matters. Supervision is coordinated with other US agencies.
The Regional and Community Financial Institution (RCFI) function is responsible for monitoring and assessing the safety and soundness of state member banks and domestic bank holding companies under $100 billion in the Second District. This includes state member banks and bank holding companies headquartered in Puerto Rico.
Your role as the Institutional Supervision Program Manager:
You will lead a dynamic team of five examiners, responsible for executing examinations and continuous monitoring, particularly at two state member banks and one domestic bank holding company. You will serve as the Central Point of Contact (CPC) for all of these entities. You will also oversee some analytical work across the broader RBO portfolio. You will actively engage with RCFI Function risk specialists who support day-to-day supervision of the institution, as well as work closely with a range of colleagues in the Federal Reserve System and at other supervisory agencies.
Core responsibilities include:
Model the behavior of a people leader by providing opportunities for members of the team to develop and grow in a diverse, equitable, and inclusive environment. Exemplify a “One Portfolio” mindset in coaching and mentoring opportunities for your staff as well as others across the RCFI portfolio more broadly.
Develop and deliver high-quality execution of the end-to-end supervisory process for supervised institutions, with agility, responsiveness and supervisory judgment. This includes: identifying and prioritizing areas of supervisory focus for the supervisory plan; engaging regularly with supervised institutions’ boards of directors and senior executives, and counterparts at other supervisory agencies; being 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.
Support senior management in the forward evolution and implementation of FRBNY and the Federal Reserve System’s strategic direction via active relationship building with FRBNY and RCFI portfolio peers and participation in associated committees and subcommittees.
Build and enhance an analytics framework that is directly responsive to changing supervisory priorities across a range of risk stripes and other priority areas, including the ability to collaborate with partners across the Bank and System.
What we are looking for:
Demonstrated aptitude to coach and develop high-performing teams diverse in gender, ethnicity, background and thought. Ability to 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 commercial banking businesses preferred (CRE and C&I).
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.
Evidence of thought leadership and innovative approaches, well-grounded decision-making, and strong execution.
Examiner commissioning is required for this position. In absence of examiner commission, demonstration of significant progress in examiner commissioning program for those currently enrolled, or willingness to enroll in examiner commissioning and place strong priority on completion upon acceptance of the position.
Some travel will be required for examinations, meetings and training.
Salary Range:$155400 - $229300 / year
We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.
Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.
Benefits:
Our organization offers benefits that are the best fit for you at every stage of your career:
Fully paid Pension plan and 401k with Generous Match
Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)
Subsidized Public Transportation Program
Tuition Assistance Program
Onsite Fitness & Wellness Center
And more
This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.
The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.
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, pregnancy, or military service.
We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.organd we’ll be glad to help.Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.
Full Time / Part Time
Full timeRegular / Temporary
RegularJob Exempt (Yes / No)
YesJob Category
Supervisory/ManagementWork Shift
First (United States of America)The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.