Company

Federal Reserve Bank of Boston

As part of the Central bank of the United States, the Boston Fed works to promote sound growth and financial stability in New England and the nation. We contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts.

The Bank is a business leader in Greater Boston and throughout the First District. We serve as an important business community advisor in areas of economic and workforce development. Our President and Bank leaders are engaged with numerous organizations that support the First District community, including professional associations and academic boards.

The Bank’s approximately 1, 300 employees are based mostly in the First District, and they take great pride in working for an organization whose mission is to promote sound economic growth, financial stability in the New England area and the United States. We are proud of our strong organizational culture, which is built on our four core values: community, innovation, integrity & trust, and leadership & excellence.

ABOUT THE POSITION

The Law Enforcement Unit (LEU) of the Boston Fed is part of the Operations Division which also includes Cash Services and the Real Estate Services Group. These colleagues provide critical services to the Federal Reserve Bank of Boston in support of its mission, goals, and objectives through its varied departments by:

• Providing Federal Reserve Plaza employees and visitors with a secure and safe work environment by protecting the assets, people, and property.
• Maintaining the integrity of the physical assets of the Federal Reserve Plaza through sound resource planning and by providing timely, effective, and cost-efficient building services through best business practices and innovative technology.
• Supplying currency and coin to meet the needs of our region, maintain the quality and integrity of currency in circulation, and ensure depository institutions have ready access to Cash Services

The Vice President of Law Enforcement is responsible for overseeing an eighty plus member federal police force. The position sets strategic direction and delivers oversight, people supervision & development, and administrative activities for the law enforcement functions for the Federal Reserve Bank of Boston. The Bank’s law enforcement unit is a full-service law enforcement group comprised of federally sworn officers imbedded within the Federal Reserve Bank of Boston and as the department’s leader you model and reinforce a professional environment.

Through LEU management, the position oversees all Law Enforcement operations including assigned duty stations (posts), monitoring access, patrolling designated areas, and responding to incidents. The Bank’s command center is a 24/7 operation, ensuring the physical safety and security of Bank personnel, tenants, and the public on the Bank’s grounds as well as the property of the Bank. This team provides business area support via executive protection, background investigations, national security clearance protocols, and new employee badges. Our vision is to be recognized as a trusted and high performing law enforcement partner who provides a safe environment for our employees, tenants, and visitors while protecting Bank premises, operations, and assets.​​​​​​​

The VP of Law Enforcement is expected to work at the division level, Bank wide on initiatives that advance the Bank’s and Federal Reserve System’s priorities. In this role you will partner at the Federal Reserve national level collaborating with law enforcement executives from the 12 Banks and the Board of Governors to further develop and manage the Federal Reserve law enforcement function across the system.

All Bank officers are expected to help drive and support the Bank’s mission, strategy, and culture through active engagement in key dialogues, demonstrating intentional and inclusive leadership, and volunteering for Bank activities to serve as a role model for our employees and the communities we serve.

The scope of the role includes, but is not limited to:

• Lead a 24/7, 365 sworn federal law enforcement unit.
• Budgeting for every facet of the department, strategic planning, and workforce planning.
• Ensure the development and/or facilitation of highly specialized training and certification courses to the federal law enforcement training accreditation (FLETA) standards.
• Ensure the department personnel are compliant with all Bank professional standards and training.
• Responsible for fostering a professional workforce, driven by holding LEU management team to high standards as it relates to all aspects of employee recruitment, development, and advancement.
• Provide leadership and guidance in the implementation and integration of identified technological improvements in support of the law enforcement mission.
• Actively engage and be a thought leader at the Federal Reserve system level.
• Stay abreast of industry and other external factors that may impact FRB Boston and the Federal Reserve System; actively liaise with local, state, and federal law enforcement entities and other third parties germane to law enforcement activities.

SPAN of CONTROL:

OPERATIONS INCLUDE:

• Three operational shifts: day, evening, and midnight
• Training Unit
• Command Center Operations
• Projects/Compliance
• Technical Services Unit
• Executive Protection services
• The VP of LEU reports directly to the Senior Vice President of the Bank Operations Division

EXPECTATIONS AND REQUIREMENTS

• Knowledge and experience normally acquired through, or equivalent to, the completion of a bachelor’s degree; advanced degrees will be considered for the role.
• 10+ years of progressive leadership and managerial experience.
• Experience with operations and continual improvement of a contemporary law enforcement department are preferred.
• Knowledge of national and local laws and overall governance structures is preferred.

LEADERSHIP CAPABILITIES

• Champion an environment where all employees’ opinions and experiences are welcomed and that an open feedback culture is encouraged and celebrated.
• Lead with a strategic, action-oriented mindset that is focused on performance, accountability, and outcomes.
• Drive results that are beneficial to national and local efforts with a keen focus on customer, colleague, and employee engagement.
• Be a role model and serve as an active talent champion, coach, mentor, and connector.
• Engage in intellectual curiosity, agility, and experimentation to drive innovation.
• Build trust and serve as a helpful and contributing colleague; espouse that philosophy to all in the department.
• Embrace and demonstrate a growth mindset including the new principles and practices as the future of work evolves.
• Effectively communicates plans, priorities, and values to all levels of the Bank and ensures that performance management and compensation programs are well aligned with the Bank’s strategy, goals, and objectives.
• Possess the attributes, skills, and vision to assist the Bank in executing and enhancing the Bank’s role as an innovative thought leader, policymaker, payments services provider, and community leader. They will embrace a mindset of continuous learning, teamwork and integrity, leading with humility and a bit of humor.
• This leader will inspire, support, and develop a cohesive team environment, engaging varied perspectives and fostering shared accountability for achieving desired outcomes.

OTHER REQUIREMENTS

• Eligibility to work in the United States or Eligibility for a top-secret-level security clearance which necessitates the candidate be a US Citizen.
• Residency in the First District within commuting distance to the Bank to manage an on-site team.
• Willingness to travel, infrequently as business needs arise.

ABOUT THE FEDERAL RESERVE BANK OF BOSTON

The Federal Reserve System (System) was founded by Congress in 1913 and serves as the central bank of the United States. Its fundamental mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems to promote optimal economic performance.

As part of the nation’s central bank, the Boston Reserve Bank promotes sound growth and financial stability in New England (Connecticut – except Fairfield County, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont) and the nation. The Bank's unique contributions to its local communities, region, and the nation are founded on high-quality research and bank supervisory activities, excellence in supporting financial services and financial markets stability, leadership in payments innovation, and a commitment to supporting economic well-being in communities. The Bank holds several key System roles, including leading the Financial Support Office, which manages the System budget. The Bank also develops and leads innovative payments programs and played a central leadership role in the Federal Reserve’s crisis responses both during the Great Financial Crisis (2008) and global pandemic (2020). The Bank is a thought leader and innovator in numerous areas. Among its most critical responsibilities:

• Conducting leading-edge research and education on monetary policy, financial markets and stability, and important regional and national economic concerns.
• Providing financial stability expertise through a deep knowledge of money markets and the institutions key to those markets.
• Conducting dynamic, comprehensive bank supervision through on-site examination and by monitoring banking conditions, practices, and emerging issues.
• Providing efficient, high-quality payments services for depository institutions.
• Transforming the nation’s payments system by leading the development of the FedNow SM Service (“FedNow”), a real-time gross payments settlement system.
• Pursuing cooperative endeavors with business, community, and government leaders to address key local and regional economic issues, often with a focus on community development and economic opportunity.
• Supporting and improving economic outcomes for the broader community, particularly low- and moderate-income individuals. This commitment is reflected in our research on race and its link to economic well-being, our Working Places community development programs, and our initiative to improve the quality of low-wage jobs.
• Building institutional expertise and flexibility by identifying, engaging, and developing a highly trained and diverse staff.
• Providing leadership to System initiatives and interacting with other regulatory bodies and central banks.

ETHICS CONSIDERATIONS and PROHIBITED ACTIVITIES

It is indispensable to the proper functioning of, and the maintenance of public confidence in, the Federal Reserve, for the Bank and the System to function properly and maintain high public confidence. It is essential for every employee to perform their duties with honesty, integrity, and impartiality, without improper preferential treatment of any person or organization. Bank employees are subject to federal criminal statutes that prohibit financial conflicts of interest (e.g., an employee cannot work on any matter in which they or certain employee-affiliated parties have a financial interest). In addition, the Bank’s code of conduct generally prohibits activities such as:

• Outside activities that are inconsistent with the employee’s duties and responsibilities, e.g., holding a position as a director of a publicly traded company
• Certain partisan political activities, such as fundraising or holding partisan elected office.

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.

All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch lists at least once every five years.

PHYSICAL REQUIREMENTS

Work is performed in an office environment and requires the ability to operate standard office equipment and keyboards. At times, officers may be required to work evenings and/or over the weekend.

The Vice President of Law Enforcement should be able to successfully complete an abbreviated Federal Reserve Law Enforcement Academy and all the requirements there of. Additionally, the VP should be able to complete the annual in-service training if maintaining a sworn federal law enforcement status.

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.

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.

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 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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