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. It is a challenge that demands the skills of a financial service professional and the intelligence of an academic-all combined with a passion for public service.

What we do:
The Supervision Group of the Federal Reserve Bank of New York, under the delegated authority by the Board of Governors of the Federal Reserve, supervises financial institutions in the Second District. The Group's mission is to ensure a safe, sound, and accessible financial system. Supervision is responsible for evaluating the safety and soundness of domestic banking institutions, U.S. operations of foreign banking organizations, and systemically important banks and nonbanks (SIFIs), including financial market utilities in the District. These efforts are achieved through periodic onsite evaluations and offsite analysis and surveillance. The Group also analyzes issues and developments to identify emerging supervisory risks and develop domestic and international supervisory policy.

The Large Institution Supervision Coordinating Committee (LISCC) is the governing body over systemically important financial institutions (SIFI). LISCC firms are global US services providers engaged in 1) investment banking including sales and trading; 2) commercial banking; 3) retail banking; 4) transaction banking (i.e., wholesale payments, custody, securities lending and securities servicing), and 5) private wealth and asset management.

Your role as Deputy DST Lead:

• Lead a team of direct and indirect reports responsible in understanding material risks and how they are managed, and assessing elements of the supervised firm's financial condition and risk management capabilities;
• You will deliver clear supervisory messages to the supervised firm in partnership with the national LISCC program;
• You will coordinate with System risk specialists and horizontal program colleagues to arrive at a shared understanding of material findings, and incorporating these views into supervisory products, while fostering a collaborative environment;
• Identify areas of supervisory focus and suggest topics for consideration as horizontal reviews. Build relationships across the dedicated supervisory team, other supervisory teams, Group and Bank leadership, FR System colleagues, and other U.S. and foreign supervisors;
• Monitor trends in the governance, financial condition and risk management and controls infrastructure, and offer senior policy-makers deep, real-time insights on important risks and vulnerabilities of the supervised institution to support institutional supervision;
• You will oversee the continuous supervision program for the supervised institution, which includes holding periodic meetings with institution management and counterparts at other agencies and reviewing management reporting to be well-positioned to identify and escalate emerging issues, and adjust the supervisory strategy accordingly;
• Deliver well supported recommendations on ratings, supervisory assessments and other materials issues to LISCC OC and LISCC Core Program Steering Committee decision makers;
• Hold the team to a high standard of operational excellence in executing the supervisory program and associated operational processes, including serving as a primary contact for inquiries and comments from the supervised firm and the Board of Governors concerning supervisory issues, applications, supervisory mandates, and other matters and events as they arise.

• Financial professional with broad knowledge of financial industry trends, products and risks; Minimum of 15 years of financial experience required and advanced degree preferred; 5+ years of management experience required.
• Examiner commission or willingness to enroll in examiner commissioning upon acceptance of the position.
• You will build working relationships across the Group, the Federal Reserve System and U.S. and foreign regulators.
• Experience with management success; motivate and mentor across a range of levels.
• Manage and interpret data; Assimilate and analyze new information and keep track of changing issues;
• Ensure all angles of an issue or risk are explored as part of the decision-making process. Work at all levels with the supervised firm and within the Federal Reserve System.
• Synthesize and communicate a multitude of information and views succinctly and persuasively; and,
• You are a candidate who has held a range of roles within supervision within the Bank, including roles that demonstrate skills in people-management, prioritization and communication.
• Experience in System initiatives including CCAR, CLAR and RRP desirable.

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
• Flexible Work Arrangements
• And more

Application Deadline: Wednesday, April 21st

Please note that the 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. Candidates who are permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements.

In addition, all candidates must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana.

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, or military service.

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.