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Company Federal Reserve Bank of Boston
As 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.A requirement of this position is that the employee must be fully vaccinated against COVID-19 or qualify for an accommodation from the Bank's vaccination policy; individuals who are unable to be vaccinated due to a medical condition or sincerely held religious belief may request an accommodation from the Bank. Job SummaryThis position is responsible for designing and directing the continuous, risk-focused supervision of a large financial organization; understanding the risk profile of the institution, including key risk and control issues: directing the activities of examiners; obtaining appropriately skilled staff resources for specific supervisory activities; establishing effective relationships with senior management of the supervised institution; establishing partnerships with other regulatory authorities; and communicating activities and results to a variety of high-level constituencies. This position is also responsible for remaining aware of and contributing to the understanding of industry-wide risk exposures and sound practices in risk management; and leading/contributing to key System initiatives involving complex supervisory issues.Principal Accountabilities- Develops and implements the supervisory plan for assigned institution. Coordinates the evaluation of institution and business line risk profiles. Ensures that risk profiles are evaluated relative to other similar organizations. Understands material corporate risk exposures and how these are measured and managed. Coordinates with other regulatory authorities, and as appropriate, System horizontal reviews. Ensures the quality and timely completion of all required supervisory documents and deliverables.
- Develops effective relationships with senior management of supervised institution, other bank supervisors, pertinent functional regulators, other Reserve Banks, and local Reserve Bank personnel to allow for effective coordination of supervisory activities.
- Communicates, both oral and written, supervisory findings and concerns to the senior management and directorate of supervised institution, local Reserve Bank senior management, and the Board of Governors and its staff, and domestic and foreign supervisors.
- Maintains a broad knowledge of emerging issues and ongoing developments in supervision of large financial organizations, as well as a strong understanding of current risk management practices in the financial services industry. Contributes to the understanding of systemic risks and supervisory concerns through participation in local meetings, System conferences, horizontal reviews, and other formal and informal processes. Leads/contributes to key System assignments that involve a high degree of complexity and visibility. Provides expert, final form commentary on proposed revisions to policies and procedures.
- Contributes as a member to System committees or working groups that support portfolio management groups by recommending and coordinating horizontal and coordinated supervisory activities to mitigate portfolio risks.
- Demonstrates strong judgment and well-reasoned decision making in situations that may involve complex issues, public scrutiny, market reactions, and potentially adversarial circumstances.
- Responsible for the leadership and development of a team of high level professionals including establishing goals and objectives, directing the activities of assigned staff, providing performance feedback, and performing a variety of personnel and staff development activities.
- Leads and participates in department and unit initiatives, perform other administrative and budgeting processes related to examination work.
- ID: #23043069
- State: Massachusetts Boston 02108 Boston USA
- City: Boston
- Salary: USD TBD TBD
- Job type: Permanent
- Showed: 2021-11-20
- Deadline: 2022-01-18
- Category: Et cetera