Posted:
Thursday, 28 November 2024
Valid Thru:
Saturday, 28 December 2024
Index Requested on:
11/28/2024 13:17:22
Indexed on:
11/28/2024 13:17:22
Location: Boston, MA, 02108, US
Industry:
Advertising and Public Relations
Occupational Category:
41-4011.00 - Sales and Sales Related
Type of Employment: FULL_TIME
Federal Reserve Bank (FRB) is hiring!
Description:
Description of Role:
The Large and Foreign Banking Organization (LFBO) portfolio consists of U.S. firms with total assets of $100 billion or more that are not GSIBs and all foreign banking organizations (FBOs) operating in the U.S. regardless of size. Supervision of entities in this portfolio is conducted by a combination of local and national program staff that conduct a combination of horizontal and idiosyncratic exam and monitoring work. The Large and Foreign Banking Organization Management Group (LFBOMG) provides input and support in the supervision of the portfolio.
The Federal Reserve Bank of Boston is seeking a Cross-functional Exam Manager to directly support Department, Bank, and System/Board objectives by serving as both a local manager and a System leader supporting high priority Supervision work. The individual will serve as a local manager and coach to a small team of experienced supervisory staff that will focus primarily on horizontal initiatives for the LFBO program in addition to other high priority examination work. The individual will also be expected to hold a local or System leadership role as part of the position, such as a horizontal team lead or program manager position that fills a meaningful percentage of their time.
The Cross-functional Exam Manager is a dynamic dual-hatted role that will be a good fit for a highly entrepreneurial individual that is able to see and seize upon opportunities, build and maintain strong working relationships with a broad range of stakeholders, and effectively balance diverse commitments. For local reports, the role is expected to capably handle all aspects of staffing, including hiring, employee development and coaching, while executing each in close partnership System leaders to ensure strong hiring outcomes and feedback that effectively informs overall performance management. As a System leader, the individual is expected to guide and influence the supervisory process and/or outcomes in support of the safety and soundness of supervised institutions.
In all aspects of the role, it is expected that the position will interact with a variety of System peers, Institution management, Boards of Directors, and senior management (including System Oversight Groups) to ensure appropriate outcomes and influence change that promotes safe and sound banking practices.
Principal Accountabilities
• Contribute to the leadership of the highest supervisory priorities of the System by both serving as a local manager of horizontal staff and leading System or local work for the program.
• Maintain a working knowledge of emerging issues and ongoing developments within the portfolio and a strong understanding of the current risk management practices in the financial services industry. Leverages this knowledge in own work, to steer the work of the team towards critical areas of focus, and to review issues and work of the team as needed for coaching and development.
• Effectively communicate vision and purpose for a diverse function that is accountable to both local and System stakeholders.
• Provide both direct and secondary oversight to staff with largely heterogenous skill profiles. Provide mentoring, coaching and training to team members.
• Design, and/or ensure operation within policies and procedures; demonstrate sound planning and time management skills; prioritize work and resources to meet deadlines; appropriately delegate work to accomplish business objectives.
• Present findings and assessments to internal and external stakeholders concerning moderately complex to complex supervisory matters or institutions both orally and in writing.
• Effectively interact with senior management, boards of directors, Board staff, and other constituents. Effectively influence others and motivate positive change on complex matters and concerns.
• Serve as a role model by playing a leadership role in promoting teamwork and in encouraging a positive work environment. Provide constructive and applicable feedback to management and team members and assume responsibility for resolving issues.
Other Accountabilities
Perform other duties as assigned.
Supervision
This position is expected to supervise between 2 and 5 employees.
Education and Experience:
Knowledge and experience normally acquired through, or equivalent to, the completion of a Master's degree and at least 12 years of work experience, including demonstration of technical knowledge and managerial skills.
Knowledge, Skills, and other Requirements:
The Federal Reserve Bank is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
As a condition of employment, all Federal Reserve Bank of Boston employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning financial interests – such as stocks or bonds – from banks, savings associations, and systemically important financial institutions or their affiliates, such as bank holding companies or savings and loan holding companies. If you, your spouse or domestic partner, or your minor child own such assets and would be unwilling or unable to divest them if you were to accept a job offer, you should raise this issue with our recruitment team. Applicants should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
This position requires access to confidential supervisory information and/or FOMC 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, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe.
For this job, any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks.
The second phase, which might not be complete until after you begin working at the Reserve Bank, is an additional risk-based security screening determined by the risk rating of the position. Depending upon the sensitivity of the position, this phase may include, and is not limited to, work and residency eligibility verification, and personal interviews with the candidate, references, and prior employers.
All applicants must have been a US Citizen or a permanent resident who also resided in the United States for at least three (3) years.
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
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.
Responsibilities:
Please review the job description.
Educational requirements:
Desired Skills:
Please see the job description for required or recommended skills.
Benefits:
Please see the job description for benefits.