Description

Deputy Director, Supervision Group - Division of Supervision and Regulation

Summary:
Reporting to the division director, Division of Supervision and Regulation (S\&R), the deputy director, Supervision Group, ensures the Federal Reserve’s supervision is 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 sets the strategy and objectives for the Supervision function (supervisory portfolios) across the System (Board and 12 Reserve Banks) and oversees the execution of supervisory programs within the Division of Supervision and Regulation (S&R). Supervisory programs include Global Systemically Important Banks (GSIB), Large and Foreign Banking Organizations (LFBO), Regional and Foreign Banking Organizations (RFBO), and Community Banking Organizations (CBO). The deputy director will serve as first point of escalation for key supervisory issues and ensure issues across all supervisory portfolios are appropriately escalated to the Director and Vice Chair for Supervision.

This position is located in Washington, DC.

Principal Duties and Responsibilities:
The deputy director will: 
Set the strategy and objectives for the Supervision Group; 
Oversee the execution of supervisory programs; 
Oversee the supervisory programs of all portfolios and ensure they are properly calibrated and tailored;
Oversee System activities relating to the supervision of financial institutions, including both domestic and international banking organizations; 
Ensure applicable 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.
Demonstrated expertise and leadership experience in the supervision of financial institutions.  

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: 
Knowledge of major Federal Reserve supervisory and regulatory initiatives.
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.
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.