Description
Deputy Director, Financial Research, Risk & Applications Group - Division of Supervision and Regulation
Summary:
Reporting to the division director, Division of Supervision and Regulation, the deputy director, Financial Research, Risk & Applications Group, leads the provision of analytical services for S&R and provides executive direction for the following activities: stress testing, risk identification analysis and monitoring, policy research and analytics, and mergers and acquisitions applications. The deputy director ensures these activities are efficient, effective, fair, transparent, and publicly accountable. This position serves as a senior leader in the organization and member of the Vice Chair for Supervision’s leadership team.
This position is located in Washington, DC.
Principal Duties and Responsibilities:
The deputy director will:
Set the strategy and objectives for the Financial Research, Risk and Applications Group;
Oversee the development of economic analysis and other services to the Supervision and Regulation & Policy Groups;
Oversee the development of the rationale and calibration of regulations and related quantitative impact analyses;
Oversee stress testing and quantitative analyses of the resilience of banks to various risks and shocks;
Support Basel workstreams, bank examinations, CCAR and those that rely on quantitative models;
Oversee the development of cost-benefit analysis on regulations and conduct competitive and systemic risk analyses of bank mergers;
Oversee the mergers & acquisitions applications related to supervised firms;
Ensure key risks and firm specific issues across all supervisory portfolios are appropriately escalated to the Division Director and Vice Chair for Supervision.
Proactively work across S&R Groups, Reserve Banks, and with other Board Divisions to share information, collaborate, and break down silos to ensure supervision is operating efficiently and effectively as possible.
May be assigned additional duties not listed.
Requirements
Minimum Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bachelor’s degree in business administration, accounting, economics, or similar area, or equivalent experience.
Fifteen or more years of demonstrated experience in the fields of public administration, public policy, finance, economics, or related field, or comparable role.
At least 10 years of previous management experience required. Demonstrated expertise in leading people, including setting strategy, establishing aligned performance expectations, providing clear and actionable feedback, and developing people. Ability to lead and manage staff and projects effectively, set priorities, assess objectives, and make budgetary recommendations.
This position serves as a senior leader in the organization and member of the Supervision Function leadership team. S&R expects leaders to demonstrate values and judgment in accordance with operating principles that emphasize transparency, accountability, efficiency, team-oriented, moving at pace, and amplifying exceptional talent. The deputy director should have following skills, knowledge, and attributes:
Demonstrated expertise in leading people, including setting strategy, establishing aligned performance expectations, providing clear and actionable feedback, and developing people.
Demonstrated expertise and leadership experience in the supervision of depository institutions and depository institution holding companies, and foreign banks and regulation with operations in the United States.
Knowledge of major Federal Reserve supervisory and regulatory initiatives.
Exceptional judgment, interpersonal savvy.
Ability to collaborate effectively with senior Board and Reserve Bank colleagues.
Tier 5 background investigation and Top Secret with SCI security clearance required.
