Associate Director, Financial Institution Supervisory Program and Risk Identification and Analysis Operating Office – Division of Supervision and Regulation

Job title: Associate Director, Financial Institution Supervisory Program and Risk Identification and Analysis Operating Office – Division of Supervision and Regulation

Company: Federal Reserve Bank


Job description: Summary:The mission of the Division of Supervision and Regulation (S&R) is to promote a safe, sound and efficient banking and financial system and a fair and transparent consumer financial services market that supports the growth and stability of the U.S. economy. The Federal Reserve Board and the Reserve Banks (collectively, the System), strives for a resilient and well-managed financial system that fairly meets the needs of consumers and businesses.Reporting to the deputy director of Supervision, the associate director is responsible for providing strategic direction to the operations of the Supervision group including determining key operating objectives. Overseeing the Supervision Operating Office (SOO), the associate director leads business support for technology, reporting, communications, budgeting, and the coordination of the Group’s contributions to the division’s Reserve Bank oversight activities, policy development, resource allocation, workforce planning and talent development activities. The associate director supports the Supervision group leadership team through strategy development, ensuring coordination and calibration of supervisory program design activities, and overseeing communications and change management. The associate director also leads a changing mix of ad hoc projects necessary to ensure effective operations across the Supervision group. On occasion, the associate director covers key meetings and speaking engagements for the Deputy Director of Supervision. The associate director collaborates with key stakeholders to achieve the mission of creating innovative, streamlined processes and tools to ensure the Supervision Group and broader System supervision stakeholders are informed and supported.The associate director manages people leaders and has responsibility for the management and administration of the programs and staff reporting to them.Principal Duties and Responsibilities:– Provides strategic direction and day to day oversight of the Supervision Operating Office (SOO), which consists of two sections.
– Contributes to the division’s operations by serving on the Group Coordinating Officer (GCO) committee on behalf of the Supervision group.
– Collaborates with the GCO members from Policy and Operations to ensure alignment of Supervision group operations with the division’s practices.
– Oversees the design and implementation of Supervision administrative activities, consistent with expectations from S&R Operations and the Division of Management. These activities represent “the last mile” as Board and division activities are implemented within the Supervision group.
– Leads the Supervision group’s workforce management activities including management of resource allocation and open positions, promotion processes, compensation activities, awards and recognition, performance appraisal calibration, levels, succession planning, consistent with division-wide practices.
– Oversees Supervision group budget input and performance.
– Provides executive leadership for strategic technology improvement and innovation initiatives, integrating perspectives from across the supervision portfolio.
– Oversees the creation, implementation, and execution of processes and procedures that support the supervision business line:
+ business process reporting,
+ internal and external communications,
+ engagement with other regulatory agencies,
+ executive-level briefings,
+ supervisory strategy.
– Oversees the coordination of Supervision Group contributions to Reserve Bank oversight, and policy.
– Oversees communications and change management activities.
– Serves as a sponsor and strategic leader for ad hoc supervisory projects.
– Serves as administrative manager for Board employees serving in the LISCC QA function.
– May be assigned additional duties not listed.This position is located in Washington DC. Employees are expected to spend a minimum of 4 days per month onsite, subject to change. Relocation assistance is available. Some travel (20-25%) within the United States and internationally might be required.Minimum Qualifications:To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
– Bachelor’s degree in economics, finance or related field. Equivalent work experience will be considered. Advanced degree in economics, finance, or a related field preferred.
– 12 years of experience in banking organization supervision or financial sector risk identification and management.
– Seven or more years of experience in leading people, including setting strategy, establishing aligned performance expectations, providing clear and actionable feedback, and developing people. (Please notate on your resume team size and direct report titles for each position.)
– Five or more years of experience is working across teams to achieve organization priorities, preferred.
– Five or more years leading an organization with multiple teams, preferred.Knowledge, Skills and Abilities:Strategic thinker with demonstrated strong project execution and project management capabilities, analytical skills, political savvy, and conflict mediation skills.
Demonstrated experience and commitment to fostering collaboration and employee engagement.
Ability to lead and manage staff and projects effectively, set priorities, assess performance, guide staff development and make budgetary recommendations.
Ability to balance competing interests among a variety of clients and readily readjust priorities to respond to pressing and changing client demands. Must be able to anticipate and meet the clients’ needs while maintaining high-quality end products.
Exceptional organization savvy and agility as demonstrated by ability to manage across organizational boundaries, building high performing teams, diminishing organizational silos, strengthening teams, and facilitating effective group and team dynamics.
Requires the ability to communicate effectively, both orally and in writing, with all levels of staff and management.Stakeholder Contacts:Has regular contact with all staff in the function(s) to stay connected to the pulse of the division, provide leadership, and act as a role model.
Has frequent contact with senior staff and other professionals in the division, elsewhere at the Board, and the Reserve Banks regarding matters pertaining to area(s) of responsibility.
Has frequent contact with members of the Board, both in discussions and through memoranda, regarding matters pertaining to area(s) of responsibility.
Has frequent contact with individuals from other federal agencies, international organizations, and in the private sector regarding the subject matters in area(s) of responsibilities.Board Competencies:Decision Quality: Makes timely, thoughtful, strategic decisions
Learning Agility: Takes responsibility for building organizational agility
Drive for Excellence: Delivers results by developing shared vision and direction for the organization
Perspective and Strategic Agility: Leads and acts with the future in mind
Collaborative Relationships: Sets the tone for collaborative organization
Effective Communication: Effectively speaks and acts on behalf of the BoardOfficer and Internal Management Responsibilities:Acts as responsible steward to the function(s), Division, and Board by demonstrating proficiency in the Board’s espoused competencies.
Balances and mitigates key organizational and functional risks where appropriate, and develops and executes sustainable risk mitigation strategies.
Fosters a continuous learning culture.
Exercises appropriate judgment and decision-making in complex situations.
Demonstrates innovation and thought leadership relevant to future-state organizational and functional people strategies.
Demonstrates strong leadership and management skills aligned to the Board’s espoused values.
Keeps skills and knowledge current and aligned to best practices relative to key rules, regulations, and policies, as well as economic, political, and social trends that affect the organization. Understands near-term and long-term needs for the organization and determines how operations should be positioned to meet such needs.
Demonstrates proficiency in political savvy, organizational savvy, and interpersonal communication skills.
Provides guidance, coaching, and feedback to, and conducts performance reviews for managers and other direct reports, and ensures same is provided to all function staff.
Responsible for accomplishing approved program objectives for area(s) of responsibility within the financial and personnel resources allocated by the Board and the division’s senior management.
Participates in the development of the division’s strategic plan, goals, and budget. Recommends program objectives and their priorities for area(s) of responsibility.
Recommends personnel actions involving promotions, reclassifications, merit increases, and reassignments or separations in area(s) of responsibility.Position Demands:Ability to exercise independent and sound judgment in establishing objectives for assigned area(s) of responsibility that provide support and services for the divisions and Board’s missions.
Ability to translate customer service and organizational development theories and best practices into effective strategies for adoption in area(s) of responsibility to achieve and maintain high levels of customer service.
Ability to communicate effectively, both orally and in writing, to the Board and individual members thereof, senior Board staff, other Board and Reserve Bank staff: and staff at other government agencies and in the private sector on complex and technical matters.
Ability to be an effective spokesperson and advocate for the Board and the division in outside contacts, which may involve significant business dealings.
Ability to operate under pressure to meet deadlines accurately and in a timely manner.

Expected salary:

Location: Washington DC

Job date: Wed, 15 Jan 2025 08:56:31 GMT

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