Job Description:

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 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 Legal & Compliance Group is composed of a diverse and talented set of experts in the fields of law, banking and finance, compliance, and ethics who help guide the Federal Reserve’s critical monetary policy and financial services operations. The Legal & Compliance Group comprises three separate Functions: The Compliance Function, Group Operations and Strategy (GOAS) Function and the Legal Function each of which has additional divisions of subject matter expertise.  GOAS provides the Legal & Compliance Group with resources and strategies in furtherance of Bank and Group objectives and acts as a central resource to facilitate collaboration across Functions and with business partners across the Bank to enable the execution of the Group’s strategic priorities and serve as a partner to the Group for finance, technology and people related needs. 

 Your role as Director of Business Operations:

As the Director of Business Operations, you will lead a team that partners and supports our business leaders and business subject matter experts on a variety of activities. As the center of excellence for operations within the Group, your role is to lead all directs to ensure the smooth and efficient functioning of the Group’s operations, providing seamless collaboration with Bank stakeholders and partners to achieve business outcomes.  Responsibilities include participation in and leadership of administration, business continuity, communications, group finance, people and engagement, real estate, information management, risk and vendor management activities.  

Reporting to the Legal & Compliance Group’s Chief Operating Officer in GOAS, the Director of Business Operations will also serve as the Group’s Chief Administrative Officer, representing the Legal & Compliance Group on Bank initiatives and work groups, and will build, lead, manage and develop a diverse team of business operations, administrative, and executive support professionals.   

Highlights of responsibilities include: 

• Communicating across business areas or with external parties to influence operational and strategic decisions regarding policies, procedures, and practices. 

• Presenting strategic analysis, options and recommendations to Group and Bank leadership. 

• Modeling inclusive behaviors and maintaining a culture of trust within and beyond the team of direct, clear, and authentic communication. 

• Managing and growing a team to successfully execute a variety of operational and administrative needs that is consistent with optimal professional services.  

• Supporting Group management in a variety of efforts to foster Group cohesion, inclusion and information sharing and integration into processes. 

• Engaging with Legal & Compliance Group leaders to influence, negotiate, and execute multiple priorities, balancing Bank and business area needs. 

• Ensuring effective implementation of Group initiatives and projects and identifying business process improvements. 

• Representing the Group in relevant Bank forums. 

• Identifying priorities, managing resources and ensuring the delivery of high-quality review and analysis of the future needs of the Legal & Compliance Group. 

• Cultivating a professional workplace environment that promotes inclusiveness, fosters collaboration and trust, leverages diversity, and supports open and transparent communication with an emphasis on talent management to attract, develop, and retain top talent. 

What we are looking for: 

• Broad people leadership skills with demonstrated experience building high-performing teams with diversity of perspective and thought. 

• Proven ability to coach, lead and develop others to achieve their professional best. 

• Authentic and trusted communication skills with the ability to articulate complex ideas clearly and concisely. Strong ability to identify and analyze issues, draw conclusions, propose solutions, and communicate path forward. 

• Exceptional collaboration & influencing skills with the ability to gather support for business initiatives and strategies across multiple partners with diverse or different interests. 

• Demonstrated ability to strategically problem solve, connect ideas across the organization, and successfully manage and deliver on multiple priorities. 

• Demonstrated success in driving process improvements and automation. 

Salary Range: $240000 - $310000 / 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.org and 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 time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Operations Family Group

Work 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.

Privacy Notice

Apply Now