Job Information
Federal Reserve Bank Exam Manager IV - Cross Functional Exam Manager in Boston, Massachusetts
Company
Federal Reserve Bank of Boston
Exam Manager IV - Cross Functional Exam Manager
The Large and Foreign Banking Organization (LFBO) portfolio consists of U.S. firms with total assets of $100 billion or more that are not GSIBs and all foreign banking organizations (FBOs) operating in the U.S. regardless of size. Supervision of entities in this portfolio is conducted by a combination of local and national program staff that conduct a combination of horizontal and idiosyncratic exam and monitoring work. The Large and Foreign Banking Organization Management Group (LFBOMG) provides input and support in the supervision of the portfolio.
The Federal Reserve Bank of Boston is seeking a Cross-functional Exam Manager to directly support Department, Bank, and System/Board objectives by serving as both a local manager and a System leader. The individual will serve as a local manager and coach to a small team of experienced supervisory staff that will focus primarily on horizontal initiatives for the LFBO program in addition to other high priority examination work. The individual will also be expected to serve as the national coordinator for the LFBOMG.
The Cross-functional Exam Manager is a dynamic dual-hatted role that will be a good fit for a highly entrepreneurial individual that is able to see and seize upon opportunities, build and maintain strong working relationships with a broad range of stakeholders, and effectively balance diverse commitments. For local reports, the role is expected to capably handle all aspects of staffing, including hiring, employee development and coaching, while executing each in close partnership System leaders to ensure strong hiring outcomes and feedback that effectively informs overall performance management. As a System leader, the individual is expected to guide and influence the supervisory process and/or outcomes in support of the safety and soundness of the LFBO portfolio.
In all aspects of the role, it is expected that the position will interact with a variety of Senior internal and external stakeholders to ensure appropriate outcomes and influence change that promotes safe and sound banking practices.
We will be accepting applications until 9/13/2024.
T his job is eligible for a hybrid schedule (min of 50% of your working days) with some on-site work expected. The individual is expected to reside in the 1st District unless you were given an exception.
Principal Accountabilities
• Contribute to the leadership of the highest supervisory priorities of the System by both serving as a local manager of horizontal staff and serving as LFBOMG facilitator.
• In the LFBOMG Coordinator role, conduct the following in support of the LFBOMG Co-chairs:
Maintain awareness of various initiatives and dependencies within program. Serve as a member of various System committees.
Connect the dots across the various initiatives in the program and facilitate meaningful connections to help progress key initiatives.
Draft and guide strategic priorities and set a strategic calendar for the LFBO program annually.
Plan and coordinate monthly System management group and supervisory team lead meetings.
Ensure strong LFBO program communications through regular email communications, messaging in meetings, and the maintenance of the LFBOMG website. Maintain program rosters and access provisioning.
• In the local manager role:
Effectively communicate vision and purpose for a diverse function that is accountable to both local and System stakeholders.
Maintain a working knowledge of emerging issues and ongoing developments within the portfolio and a strong understanding of the current risk management practices in the financial services industry. Leverages this knowledge in own work, to steer the work of the team towards critical areas of focus, and to review issues and work of the team as needed for coaching and development.
Provide both direct and secondary oversight to staff with largely heterogenous skill profiles. Provide mentoring, coaching and training to team members.
Design, and/or ensure operation within policies and procedures; demonstrate sound planning and time management skills; prioritize work and resources to meet deadlines; appropriately delegate work to accomplish business objectives.
Effectively interact with senior management, boards of directors, Board staff, and other constituents. Effectively influence others and motivate positive change on complex matters and concerns.
Serve as a role model by playing a leadership role in promoting teamwork and in encouraging a positive work environment. Provide constructive and applicable feedback to management and team members and assume responsibility for resolving issues.
Other Accountabilities
Perform other duties as assigned.
Supervision
This position is expected to supervise between 5 and 7 employees.
Education and Experience:
Knowledge and experience normally acquired through, or equivalent to, the completion of a Master's degree and 15 years of work experience that demonstrates applicable technical knowledge or managerial skills, at least 7 of which include the management of others.
Knowledge, Skills, and other Requirements:
Strong organization skills and the ability to continuously and effectively reprioritize.
Exceptional written and verbal communication skills.
Action‐oriented individual that drives for results. Proven track record of influencing others to drive positive change to execution.
Organizational savvy and ability to identify and negotiate meaningful opportunities for team members.
Successful experience working on System teams, demonstrating progressive responsibility level.
Proven track record of leveraging strong working relationships to get better results through collaboration.
Comfortable navigating ambiguous reporting lines and working collaboratively to co-lead and mentor team staff.
Demonstrated technical knowledge in at least one specialty area (e.g. interest rate risk, credit risk, compliance, liquidity, cyber risk, novel banking, etc.) and familiarity with audit and internal controls. Commissioned examiner a strong plus.
Experience managing and coaching senior level examination staff on either a full-time basis or on individual exam events.
Identifies and implements business process improvements/efficiencies.
Ability to quickly learn new content and challenge the status quo.
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.
For this job, any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks.
The second phase, which might not be complete until after you begin working at the Reserve Bank, is an additional risk-based security screening determined by the risk rating of the position. Depending upon the sensitivity of the position, this phase may include, and is not limited to, work and residency eligibility verification, and personal interviews with the candidate, references, and prior employers.
All applicants must have been a US Citizen or a permanent resident who also resided in the United States for at least three (3) years.
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 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.
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OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.
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Your responsibilities will be meaningful
We hope that you will be our future colleague.
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.
