Company

Federal 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 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 and Foreign Banking Organization (LFBO) function is responsible for monitoring and assessing the safety and soundness of two large domestic firms and all foreign-owned firms with U.S. operations (FBOs) in the Second District, the latter of which includes a large number of Less Complex Foreign Banking Organizations (LCFBOs) in the Second District.

Your role as an Institutional Supervision Supervising Examiner:

As an Institutional Supervision Supervising Examiner for the LCFBO Portfolio, you will be responsible for supervising a portfolio of less complex firms. Activities include examining and monitoring supervised firms’ business strategies and associated risks; financial condition, and compliance with laws and regulations; reviewing and acting on regulatory applications filed by firms to engage in mergers, acquisitions and other expansionary proposals and engaging with supervised firms’ Boards of Directors and senior management; and coordinating supervisory activities with those of other federal and state authorities.

Core responsibilities include:

• Leading or participating in firm-specific and horizontal examinations and developing well-supported supervisory assessments.

• Assist in developing the supervisory plan for non-complex to moderately complex risk stripes and/or institutions.

• Executing the supervisory plan and meeting supervisory mandates for one or more risk stripes and/or institutions.

• Presenting examination results to supervised institutions, Federal Reserve management, staff, and other supervisory authorities.

• Assist in executing continuous monitoring programs including meetings with management, review and analysis of internal risk reports, performance reports, budget projections, business plans, and committee meeting minutes and other materials for assigned institutions.

• Analyzes current industry practices, conditions and trends to identify inherent/emerging risks as financial products/markets evolve.

• Maintaining relationships with other supervisory teams and risk specialists and proactively collaborating with internal/external supervisory colleagues to arrive at a shared understanding of the firm’s material issues, emerging risks, and remediation progress.

• Contributing to a high standard of operational excellence in developing and executing the supervisory program and associated operational processes.

What we are looking for:

• Seasoned professional with broad understanding of the financial system, including legal and organization structures, risk taking, and risk management practices across the full range of financial risks.

• Ability to undertake supervisory activities under limited supervision, prioritize and multi-task, quickly assimilate new information, produce sound analysis, and invite challenge to ensure all angles of an issue are explored as part of the decision-making process.

• Strong collaboration skills with an ability to build deep, productive working relationships and promote an inclusive culture that values learning and agility, curiosity, and sharing of diverse perspectives among the supervisory stakeholders to identify optimal outcomes.

• Strong communication skills (both written and verbal) including ability to synthesize and communicate a wide range of information and perspectives succinctly and persuasively to stakeholders including senior levels of organizations (both internal and external).

• Commissioned examiner or willingness to enroll in examiner commissioning training upon acceptance of the position.

• Limited travel may be required for examinations, training, and meetings.

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.

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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