Description

Deputy Director, Regulation and Policy Group - Division of Supervision and Regulation

Summary:
Reporting to the division director, Division of Supervision and Regulation, the deputy director, Regulation and Policy Group, ensures regulation and policy development 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. The deputy director provides executive leadership for activities including regulation and policy development, policy planning, strategy and coordination, specialized policy, and emerging issues.

This position is located in Washington, DC.

Principal Duties and Responsibilities:
The deputy director will: 
Set the strategy and objectives for the Regulation and Policy Group;
Oversee the development of regulatory policies for U.S. depository institutions and depository institution holding companies, foreign banks with operations in the United States, and U.S. nonbank financial firms designated by the Financial Stability Oversight Council;
Lead the domestic and international regulatory policy development efforts;
Oversee the accounting, auditing, and internal controls policies and practices of supervised firms;
Oversee the coordination of supervisory initiatives involving corporate governance and anti-money laundering (AML) programs of banking organizations supervised by the Federal Reserve, including their compliance with the Bank Secrecy Act (BSA);
Coordinate the Division’s international regulatory policy development efforts in the Basel Committee on Banking Supervision, Financial Stability Board, and International Association of Insurance Supervisors;
Represent the Federal Reserve in public forums and in meetings with the most senior representatives of domestic and foreign governmental and supervisory agencies;
Communicate frequently with the Board’s Governors about the Division’s supervisory and regulatory policies;
Ensure key policy issues are appropriately escalated to the Division Director and Vice Chair for Supervision;
Proactively work across S&R Groups 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.