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Federal Reserve Bank of BostonAs an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.This job is eligible for a hybrid schedule with some on-site work expected. The individual is excepted to reside in the 1st District unless you were given an exception. Travel would be required for this role.
The Regional and Community on-site supervision unit is looking for a candidate to join our team. Reporting to an AVP, you will manage the safety and soundness supervision program over an assigned portfolio of First District community and regional banks and bank holding companies to ensure that individual institution and local or regional banking industry risks are identified and effectively managed. You are the supervisory contact for the assigned companies and are expected to establish relationships with senior management of portfolio companies. You will have responsibility for the management and development of an assigned group of examiners inclusive of promoting team engagement, providing development opportunities, feedback, and performance management. You will manage project work within our unit.
Depending on experience, you will be eligible to be placed within the range of positions in the Exam Manager job family.
Principal Accountabilities
- Manage the supervisory program for a portfolio of state member banks with proficient technical knowledge of risk-focused bank supervisory processes (including examination scope, examination, report, Board guidance, Reserve Bank policy), banking processes, and products.
- Maintain a working knowledge of latest issues and ongoing developments and trends in the supervision of institutions within the assigned portfolio.
- Manage a team of examiners. Manage all aspects of staffing including hiring, staff development, and feedback/performance management.
- Make sound independent decisions on matters that are of low to moderate complexity with applicable context/perspective, and ability to support assessments and positions.
- Communicate the vision and purpose of the function's supervisory approach and Reserve Bank mission. Effectively handle ad-hoc moderately challenging situations and have capacity for balancing numerous priorities.
- Develop relationships with stakeholders; Be receptive to feedback on strengths, weaknesses and further development of skills.
- Design policies and procedures; identify business process improvements and efficiencies.
- Present findings and assessments to stakeholders concerning low to moderately complex matters both verbally and in writing; verbal and written work supports department/Bank work. Demonstrate ability to manage the communication process and in working with others. Is open, receptive and encourage divergent views.
Management:
You will directly manage 6-10 employees.
Qualifications:
- Knowledge normally acquired through, or equivalent to, the completion of a Master's degree and 10+ years of job-related experience consisting of technical knowledge or managerial skills.
- Must be federally commissioned bank examiner.
The Federal Reserve Bank is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
This 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 not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
Full Time / Part Time
Full timeRegular / Temporary
RegularJob Exempt (Yes / No)
YesJob Category
Supervisory/ManagementWork 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.
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