Institutional Supervision Lead Examiner
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
- 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 Supervisory Coordinating Committee (LISCC) Supervision Program is the Federal Reserve’s national supervisory program for the largest and most systemically important financial institutions. The LISCC Dedicated Supervisory Team (DST) executes firm-specific examinations and monitoring in coordination with the national programs, maintain a broad-based understanding of the safety and soundness of their assigned firm, and recommend supervisory plans and ratings. Each DST partners with national programs (Capital, Governance and Controls, Liquidity, Resolution and Recovery Planning) to plan and execute on monitoring and assessments of their supervised firm.
Your role as Institutional Supervision Lead Examiner:
- Participate in firm specific and horizontal examinations to develop well supported supervisory assessments
- Contribute to continuous monitoring regimes including:
- Meetings with management,
- Review and analysis of internal MIS (risk reports, performance reports, budget projections, business plans, and committee meeting minutes, etc.) to identify drivers of and potential changes to risk profile, operations, or strategy
- Build and maintain communication channels with firm’s business line and risk functions
- Participate in and support discussions with senior management (including bank entity management) across business lines, independent risk, and internal audit to develop comprehensive views of controls practices
- Collaborate with LISCC program personnel to support the DST’s formulation of an integrated view of risk management, controls and compliance at the institution and legal entity level
- Prepare presentations and findings regarding risks and supervisory concerns to internal stakeholders
What we are looking for:
- Supervisory judgment and examination experience, including ability to balance competing priorities, invite challenge and diverse perspectives, assimilate and interpret new information, and produce sound analysis
- Familiarity with supervisory guidance for large financial institutions
- Project management skills, including ability to execute supervisory activities and projects with minimal guidance, with a track record of producing quality work products within desired timeframes
- Strong interpersonal and collaboration skills to support an inclusive environment, build productive and influential working relationships and coach more junior examiners
- Strong communication skills to synthesize and share information succinctly, authentically, and persuasively to stakeholders
- Some travel may be required for examinations, vettings, training, and meetings
Touchstone Behaviors set clear expectations for leading with impact at every stage of our careers and aspire to achieve in our continued growth and development.
Communicate Authentically: Empathetically engage one another with direct and transparent dialogue and listening. Actively discuss viewpoints with respect and compassion in a timely and candid manner, taking into account verbal and nonverbal cues. Ask questions, learn from each other, and share information widely to move the Bank's work forward.
Collaborate Inclusively: Inspire a diverse and inclusive environment that empowers others to contribute meaningfully. Intentionally bring a diverse set of people together to achieve positive business results.
Drive Progress: Grow and adapt to changing priorities in the Bank. Experiment with new concepts and take appropriate risk to drive innovation. Remain curious and action oriented, navigating through ambiguity and uncertainty to drive outcomes.
Develop Others: Equitably champion, mentor, and develop others to grow professionally. Demonstrate vulnerability and empathy to create a trusted environment.
Take Ownership: Establish an environment of action and excellence by holding self and others accountable to execute to the highest standard.
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
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 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.
The successful candidate must be fully vaccinated against COVID-19, and receive a booster shot within 30 days of being eligible to do so, unless the Bank grants an exemption based on a medical condition or sincerely held religious belief.
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.