Job Description:

Company

Federal Reserve Bank of New York

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.  

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) Program function is responsible for executing the LISCC supervisory program (covering Capital, Governance and Controls, Liquidity, Recovery and Resolution Planning, and Monitoring and Analysis) for domestic global systemically important banks (G-SIBs).  This supervision is accomplished through close coordination and in partnership with LISCC Dedicated Supervisory Teams (LISCC – DST) assigned to supervise individual firms, other Group business leaders, as well as LISCC leadership at the Board of Governors and other Federal Reserve Banks.

Your role as Strategy, Operations and Special Assignments Supervising Examiner:

As a Supervising Examiner in the LISCC Program Strategy, Operations and Special Assignments Department, you will work in a dynamic, team environment and play an important role in helping the Federal Reserve carry out its regulatory responsibilities.

The Strategy, Operations and Special Assignments Supervising Examiner will utilize their deep subject matter expertise, supervisory experience, and analytical skills to assist senior management in developing and implementing LISCC Program Function’s business objectives and supervisory mandates and to lead and participate in a wide range of business priorities and special assignments for the Function and the Supervision Group.  You will also partner and work closely with LISCC Program specialists in various risk disciplines and with colleagues across the FRBNY in a highly collaborative environment.

Core responsibilities include:

• Assist senior management in developing and implementing LISCC Program Function’s business objectives and supervisory mandates. Lead or participate in Supervision Group projects, examinations and key Bank and System initiatives.




• Present project results to Federal Reserve management, staff, supervised institutions, and other supervisory authorities.




• Collaborate on developing and executing forward-looking financial monitoring and surveillance, such as the Second District monitoring program, to identify emerging risks, firms, and areas of concern, and participate in cross Group discussions related to the Discount Window and other special assignments.




• Build and maintain relationships across the Bank, the LISCC Program departments, and other portfolios (e.g., LFBO, RCFI, Business Services) by collaborating on aligned work objectives to facilitate timely flow of information for special projects and to ensure delivery of business processes.




• Stay abreast of relevant supervisory developments (Example: SR letters, Basel developments, Dodd Frank, etc.).




• Lead or participate in the Function’s DE&I and staff development initiatives, contributing to a culture supported by the Touchstone Behaviors.

What we are looking for:

• A broad understanding of the financial system, including legal and organization structures, risk taking, and risk management practices across a range of financial system risk.




• Strong financial industry, regulatory or other related experience in the application of laws, regulations, and guidance to the private sector, including advanced expertise in one or more areas of risk management or supervision. Strong data and analytic capabilities.




• Strong collaboration skills with an ability to build deep, productive working relationships with teams diverse in gender, ethnicity, background and thought, in line with an inclusive culture that values learning and agility, curiosity, and sharing of diverse perspectives among the supervisory stakeholders.




• Ability to manage large projects under limited guidance and with autonomy and discretion, prioritize and multi-task, quickly assimilate data and new information, and produce sound analysis and reports.   




• Excellent communication skills (both written and verbal), including ability to synthesize and communicate a wide range of information and perspectives succinctly and persuasively to stakeholders.

Salary Range: $155400- $229300 / 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.  

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Supervisory/Management

Work Shift

First (United States of America)

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.

Privacy Notice

Apply Now