Description

Federal Reserve Board

Division Director, Division of Supervision and Regulation 

Summary:
The division director, Division of Supervision & Regulation, ensures the division and Supervision function is efficient, effective, fair, transparent and publicly accountable. The director is accountable for setting strategic direction for the division, executing supervisory programs, overseeing the development and implementation of regulatory policy, providing leadership to a large and highly specialized workforce, and ensuring resources are effectively aligned to the highest priority risks and initiatives. The Director is a member of the Vice Chair for Supervision’s leadership team and Board’s executive committee. The Director actively manages the entire division portfolio – providing leadership, vision, expertise, and maintaining a strong accountability system to ensure that the division is executing to its highest potential in support of the identified priorities and objectives. The Director is expected to delegate and empower their leadership team, consisting of the deputy directors for each S&R group in successfully achieving these priorities and objectives. 

This position is located in Washington, DC. 

Principal Duties and Responsibilities:
The division director, Division of Supervision and Regulation will: 
Oversee supervisory and regulatory policies, programs and operations, including the oversight of multiple officers who manage the supervision of financial institutions, policy development and the Federal Reserve System’s critical risk monitoring activities. This role directly supports the Board’s statutory mandates, public confidence in the financial system, and the nation’s economic stability.
Provide professional judgment to the Board on analytical and policy issues relating to supervisory and regulatory matters.  
Represent the division in critical internal and external engagements. 
Coordinate and direct the work of the division. Responsible for the quantity, quality, and timeliness of the output of the division, including its effectiveness in addressing the Board’s current and prospective policy and regulatory concerns. 
Work closely with other divisions of the Board and with the Federal Reserve Banks on regulatory and supervisory matters.
Coordinate relationships between the Board and other financial regulatory agencies, on interagency and Board initiatives, advisory groups, and task forces, as appropriate, in a manner that advances the Board and S&R’s broader objectives and mission.
Represent the Federal Reserve and support the Vice Chair for Supervision in applicable industry, domestic regulatory, and international engagements.
Serve on Board management committees, including the Executive Committee.
Assist the Chair, Vice Chair for Supervision and the Board members in arriving at positions on current supervisory and regulatory matters and in preparing speeches, testimony, and correspondence on such issues.
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.
Law Degree and Bar Membership
Fifteen or more years of demonstrated experience in the field of law, 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 division 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