Posted in Nonprofit - Social Services about 16 hours ago.
Type: Full-Time
Location: New York, New York
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 Large Institution Supervision Coordinating Committee (LISCC) function is responsible for the development and execution of an effective continuous risk-focused supervisory program for the most complex financial institutions, which includes US Bank Holding and Intermediate Holding Companies that are currently subject to Federal Reserve Systems oversight. This includes an understanding of and assessment of the firm’s risk profile, governance structure, and strategy with the expressed goal of identifying institutional-specific and horizontal/systemic areas of concern. Its primary objective is to maintain safe and competitive U.S. and global banking systems.
The purpose of the Recovery and Resolution Preparedness Program (RRP Program) is to help ensure that LISCC firms are prepared for, and have the capabilities to manage, a severe stress and to be resolved in an orderly way without threatening financial stability. This is achieved through staff assessments of firms’ capabilities to resolve themselves as well as the development of the Federal Reserve’s own analytical and operational preparation for a LISCC firm that is in deep stress or needs to be resolved. In addition, the RRP Program focuses on coordination among domestic and international regulators due to the complexity of operations and cross-border presence of the LISCC firms.
Your role as an Institutional Supervision Lead Examiner:
The successful candidate will have a proven record of strong analytical skills and excellent written and verbal communication skills. The successful candidate will be able to:
Participate in firm-specific or horizontal supervisory reviews of recovery and resolution plans;
Assist in specific examinations to address knowledge gaps, or to review elements of firms’ resolution plans not covered in sufficient depth in previous year’s Title 1 assessment, or areas that have undergone significant remediation or change.
Collaborate closely with other stakeholders to identify and develop supervisory responses to inherent and emerging risks that may impact resolution and recovery planning. Examples of other stakeholders include dedicated supervisory teams (DSTs), the FDIC and OCC and international supervisory bodies (PRA, ECB, etc.).
Develop presentations and recommended messages for the RRP Steering Committee, as well as present any key divergent views to the senior stakeholders for final review and approval.
Coordinate and collaborate with LISCC program pillars, including the Capital Program, the Liquidity Program, the Monitoring and Analysis Program (MAP) and the Governance and Controls Program (GC), by participating in firm specific and horizontal examinations across various teams.
Serve as a subject matter expert on Recovery and Resolution topics.
What we are looking for:
Good overall understanding of the objectives and supervisory expectations regarding firms’ recovery and resolution preparedness
Demonstrated experience in financial risk management, liquidity experience a plus.
Strong analytical and critical thinking skills demonstrated by the ability to assimilate information, put it in a broader context, and recommend a path forward
Excellent communication skills, both written and oral presentation, with experience in building consensus across multiple stakeholders toward common views
Ability to thrive as a member of a team and to build collaborative working relationships with colleagues across teams and at different levels.
Salary Range: $118900 – $174000 / 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.
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.
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