Institutional Supervision Program Lead

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 through 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) is the governing body over systemically important financial institutions (SIFI).

LISCC firms are global US financial 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.

The Dedicated Supervisory Team (LISCC – DST) function within the Supervision Group is responsible for the execution of an effective risk-focused supervisory program for the most complex U.S.

financial institutions within the Second District.

Your role as an Institutional Supervision Program Lead:


* Responsible for the day-to-day management of the DST; leading a cross-functional team of direct reports responsible for understanding material risks and how they are managed by the supervised institution, and assessing various elements of the supervised firm’s financial condition and risk management capabilities.


* Coaching and developing members of the team to develop and deliver strong, clear supervisory messages to the supervised firm in partnership with the national LISCC program; Proactively coordinating with System risk specialists and horizontal program colleagues to arrive at a shared understanding of material findings, and incorporating these views into supervisory products, w...