Deputy Central Point of Contact
Federal Reserve Bank of Atlanta
CompanyFederal Reserve Bank of New YorkWorking 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 through on-site and off-site examinations involving staff dedicated to the supervision of an individual firm and through other professionals focused on analytical, policy, and risk matters. Supervision is coordinated with other U.S. agencies.
The Large and Foreign Banking Organization (LFBO) Function is responsible for monitoring and assessing the safety and soundness of three large domestic firms and all foreign-owned firms with U.S. operations (FBOs) in the Second District.
Your role as the Institutional Supervision Supervising Examiner – Deputy Central Point of Contact:
In this role, you will be a critical member of a Dedicated Supervisory Team (DST) responsible for executing examinations and continuous monitoring of a large foreign banking organization financial institution. You will report into the Central Point of Contact (CPC) for the supervised institution. You will stand in for the CPC as required, both internally and with the institution’s board and senior management. You will coach and develop professionals and provide feedback on their work products.
You will be expected to contribute thought leadership on the supervisory strategy for the supervised institution and developments in the LFBO supervision program more broadly and work closely with a range of colleagues in NY Supervision and at other Reserve Banks and the Board of Governors.
Core responsibilities include:
Develop and deliver high quality execution of the end-to-end supervisory process for the supervised institution. This includes working with the CPC to identify, prioritize, and adapt areas of supervisory focus for the supervisory plan; holding periodic meetings with institution management and counterparts at other agencies; reviewing management reporting to be well-positioned to identify and escalate trends and emerging risks; and overseeing the development and delivery of timely, well supported recommendations on ratings and supervisory assessments in collaboration with a range of colleagues.
Motivate the team to a high standard of operational excellence and ensure compliance with applicable policies and guidelines in executing the end-to-end supervisory process.
Build relationships with other supervisory teams, risk specialists, senior Reserve Bank and Board of Governors staff, and other U.S. and foreign supervisors as a means of developing a thorough understanding of the risk profile at the firm and conducting supervisory work. Promote an inclusive culture that values learning and agility, curiosity, and sharing of diverse perspectives among the supervisory stakeholders.
Actively provide guidance, mentoring, and coaching to other employees when leading examinations or major/complex projects, including through delegation of work and review and feedback on work products.
Help to influence the forward evolution of FRBNY and the Federal Reserve System’s LFBO Portfolio supervisory priorities and processes via active relationship-building with FRBNY and LFBO Portfolio peers and contributions to support associated committees and subcommittees.
What we are looking for:
Experienced professional with an advanced understanding of the financial system, including legal and organization structures, risk taking, and risk management practices in a wide range of financial and non-financial risk areas.
Advanced diplomacy and collaboration skills with the ability to build effective working relationships in a complex organization and to communicate effectively and persuasively with the most senior levels of organizations (both internal and external).
Track record of meaningful thought leadership, innovative approaches, well-grounded decision making, and strong execution.
Some travel may be required for examinations, meetings, and training.
Commissioned examiner and/or Examiner-in-Charge (EIC) experience preferred; candidate must be willing to enroll in examiner commissioning training upon acceptance of the position.
Demonstrated effective written and verbal communication skills, including the ability to present to executive level management and large audiences.
Salary Range: $192300 - $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.
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
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 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, 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.
Full Time / Part TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)Yes
Work ShiftFirst (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.