Assistant Director, Consumer Markets and Policy - DCCA at Federal Reserve Board of Governors
Posted in General Business 10 days ago.
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Location: Washington, Washington DC
I. JOB SPECIFIC DUTIES AND RESPONSIBILITIES:
1) Provides strategic leadership and oversees the management of the consumer financial product markets issues and analysis function; provides strategic guidance to and oversees the Policy Analysis section ensuring the effective provision of analyses and insight on consumer financial products and policy issues; provides strategic direction to the Policy Analysis Manager; ensures analyses are conducted and perspectives gathered from internal and external stakeholders on consumer financial issues and products; and provides strategic direction and overall guidance on key products, reports, and issue summaries (for example, PolicyScan, the Quarterly Housing Report, and reports on special topics related to consumer products).
2) Provides strategic leadership and oversight of the Division's DRIVE Committee and process to ensure the identification, understanding, and analysis of consumer financial product markets, emerging issues, and risks; provides strategic coordination of DRIVE efforts across the Division and leverage of Reserve Bank research, community development, and supervision risk analytics in support of DRIVE activities; consults with Divisional and Board groups and ensures coverage of appropriate legislative matters and performance of legislative analyses on financial product-related topics identified through DRIVE.
3) Provides leadership and guidance over the development of the Division's product memos, including identified and tracked as part of the DRIVE process; drives identification of potential issues to address and the process for creation, review, and approval of product memos and other papers on consumer financial product markets.
4) Provides leadership and direction over "Communities of Interest" to ensure appropriate information sharing, research, and analysis on identified consumer financial products across the Board, the Federal Reserve System (FRS), and federal and state agencies.
5) Collaborates closely with staff and all levels of management within the Division, other Board Divisions, FRS, and federal and state agencies to coordinate, as necessary, efforts related to policy matters and emerging issues regarding consumer financial product markets and products; participates in or chairs Board, FRS, or interagency work groups within this area; builds and maintains effective relationships with relevant industry and consumer representatives to enhance collaboration, coordination, and communication.
6) Communicates with and makes presentations to senior leaders within the Division, other Board Divisions, Board Members, FRS, and federal and state agencies on matters within the expertise and responsibility of this position; drives idea generation and analyses for speeches by Board Governors and Division senior leaders; represents the Division and the Board at speaking engagements before industry, private sector, and public sector groups.
7) Keeps abreast of trends and emerging issues in the financial services industry, consumer protection, community reinvestment, and legislative developments in order to inform the Board on programs related to this officer's areas of responsibility appropriately.
8) Participates in establishing and achieving the Division's mission and strategic goals; oversees the handling of all personnel matters for staff members under this position's direction, including recruiting, hiring, promotions, and staff development; fosters open dialogue, a diversity of viewpoints, and communication of competing or alternative viewpoints to facilitate reasoned judgments and sound decision making by senior leaders within the Division.
II. DIVISION SPECIFIC REQUIREMENTS:
This incumbent, under the direction of the Senior Associate Director, is responsible for providing strategic leadership, direction, and guidance to the Policy Analysis section and several Division-wide processes and programs that deliver critical insight to Division and Board leadership on existing and emerging financial product markets. The Division-wide processes and programs include DRIVE, Communities of Interest, consumer product memos and other similar papers, and consumer financial product-related legislative analyses. This includes the development of policies and procedures related to consumer financial product markets, emerging issues, and products.
The incumbent exercises initiative in strategically directing several Division-wide programs and assertively guiding the work undertaken. This position also exercises leadership and oversight of personnel, budget and other administrative matters for the functions under its purview. The incumbent participates in establishing and achieving the Division's overall strategic goals.
The incumbent must be able to effectively work with officers and staff from across the Division, the Board, and the Federal Reserve System. The incumbent also must demonstrate the ability to leverage expertise from staff outside of his or her direct reports. The incumbent must be able to operate with considerable independence in the performance of the duties of this position.
III. KNOWLEDGE/SKILL/EDUCATION REQUIREMENTS:
1) Advanced degree in a related field or equivalent experience.
2) Strategic thinker with demonstrated strong project execution and project management capabilities, analytical skills, political savvy, and conflict mediation skills.
3) Demonstrated experience and commitment to fostering collaboration and employee engagement.
4) Ability to lead and manage staff and projects effectively, set priorities, assess performance, guide staff development and make budgetary recommendations.
5) 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.
6) 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.
7) Requires the ability to communicate effectively, both orally and in writing, with all levels of staff and management.
IV. OFFICER SPECIFIC POSITION RESPONSIBILITIES:
1) Acts as responsible steward to the function(s), Division, and Board by demonstrating proficiency in the Board's espoused competencies.
2) Balances and mitigates key organizational and functional risks where appropriate, and develops and executes sustainable risk mitigation strategies.
3) Fosters a continuous learning culture.
4) Exercises appropriate judgment and decision-making in complex situations.
5) Demonstrates innovation and thought leadership relevant to future-state organizational and functional people strategies.
6) Demonstrates strong leadership and management skills aligned to the Board's espoused values.
7) 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.
8) Demonstrates proficiency in political savvy, organizational savvy, and interpersonal communication skills.
V. BOARD COMPETENCIES:
1) Decision Quality: Makes timely, thoughtful, strategic decisions
2) Learning Agility: Takes responsibility for building organizational agility
3) Drive for Excellence: Delivers results by developing shared vision and direction for the organization
4) Perspective and Strategic Agility: Leads and acts with the future in mind
5) Collaborative Relationships: Sets the tone for collaborative organization
6) Effective Communication: Effectively speaks and acts on behalf of the Board
VI. PERSONAL RELATIONSHIPS:
1) 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.
2) 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.
3) Has frequent contact with members of the Board, both in discussions and through memoranda, regarding matters pertaining to area(s) of responsibility.
4) 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.
VII. INTERNAL MANAGEMENT RESPONSIBILITIES:
1) 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.
2) 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.
3) Participates in the development of the division's strategic plan, goals, and budget. Recommends program objectives and their priorities for area(s) of responsibility.
4) Recommends personnel actions involving promotions, reclassifications, merit increases, and reassignments or separations in area(s) of responsibility.
VIII. POSITION DEMANDS:
1) 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.
2) 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.
3) 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.
4) Ability to be an effective spokesperson and advocate for the Board and the division in outside contacts, which may involve significant business dealings.
5) Ability to operate under pressure to meet deadlines accurately and in a timely manner.