Assistant Director, LISCC Integration and Monitoring & Analysis (MAP) Program - Division of Supervision & Regulation - 22941

  • Federal Reserve Board
  • Washington, District of Columbia
  • Apr 04, 2022
Full time Financial

Job Description

DESCRIPTION/RESPONSIBILITIES:
I. JOB SPECIFIC DUTIES AND RESPONSIBILITIES:
Reporting to the senior associate director of the Large Institution Supervision Coordinating Committee (LISCC), the assistant director is responsible for setting the strategy for and overseeing LISCC Integration, which communicates and advocates for the LISCC perspective to a broad range of audiences, and LISCC Monitoring and Analysis Program (MAP), which gathers supervisory intelligence and other perspectives to identify developments and emerging risks related to LISCC firms. The assistant director liaises with Board Supervision & Regulation (S&R), Federal Reserve System (System), and LISCC program stakeholders to ensure sufficient information flow and engagement in S&R and System committees, including the LISCC Operating Committee, Policy Operating Committee (POC), and Financial Market Utility – Supervision Committee.

Duties for this role include the following:
1) Oversees LISCC Integration, which synthesizes, communicates, and promotes the LISCC/Large Financial Institution (LFI) supervisory perspective to a broad range of audiences, including to inform policy development, Board decisions, and external audiences of supervisory policies. Ensures appropriate collaboration with the Designated Supervisory Teams (DSTs) and LISCC programs on enforcement actions, application, and governor briefings.
2) Collaborates with Monitoring and Analysis Program (MAP) leadership to facilitate engagement with Board and external stakeholders.
3) Develops and implements an efficient and deliberate process for managing the agenda and engagements with domestic and international counterparts, including but not limited to the Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), Prudential Regulation Authority (PRA), and European Central Bank (ECB).  Coordinates the Board’s participation in the semiannual Trilateral meetings with the ECB and PRA.
4) Oversees special projects with other Board Divisions, including Monetary Affairs (MA), Reserve Bank Operations and Payment Systems (RBOPS), and Division of Financial Stability (DFS), to provide supervisory insight.
5) Collaborates with Large and Foreign Banking Organization (LFBO) to develop and promote LFI initiatives and policy objectives.   
6) Oversees Board LISCC function operating processes:
a. Oversees and coordinates talent management practices including performance management processes, compensation activities, career development, position management, workforce planning, and employee engagement activities.
b. Designs the communication strategy and collaborates with the broader LISCC officer and manager group on execution.
c. Leads and oversees execution of group strategic planning efforts including development of strategic goals and initiatives.
d. Oversees administrative activities including technology and planning, financial management, and space planning.
7) Ensures appropriate collaboration between the LISCC function and other S&R functions, including policy, cross-portfolio, and Regional Banking Organization (RBO)/Community Banking Organization (CBO), and participates in and oversees LISCC input into the activities of the POC, Data Advisory Committee (DAC), weekly check-ins, and Division activities.
8) Oversees execution of local manager responsibilities for Board MAP and Governance and Control program team members according to Board and LISCC program expectations.
9) Must be able to travel domestically at least one trip per month, within Board guidelines.
10) This position will require the successful completion of a Board Tier 4 background investigation.

II. DIVISION SPECIFIC REQUIREMENTS:
Demonstrated expertise and leadership experience in the expectations of S&R officers:

• Actively contribute to leadership of the Division as a whole and in a manner that has positive impact with respect to tone and substance beyond the specific program or sections for which we are responsible—help, guide, influence, impact, and work beyond your particular scope/focus;
• Create an environment that seeks divergent views, fosters diversity, equity and inclusion, and perspectives to promote constant process improvement;
• Lead and support the professional growth of all employees and help develop next-generation leaders;
• Leverage diverse talents and positively impact culture and staff engagement;
• Coordinate with and maintain strong working relationships with numerous stakeholders, including Board staff, Reserve Bank management, and colleagues at other supervisory agencies;
• Achieve results in ambiguous situations by being adaptive and resilient, holding people accountable for agreed-upon results, managing for performance, and demonstrating professionalism and thoroughness by moving issues and projects to closure;
• Work on complex issues where analysis of situations and data requires an in-depth evaluation of variable factors;
• Leverage personal credibility, background, experience, and judgment to be influential with internal and external audiences;  
• Be able to demonstrate strong project management and execution capabilities, analytical skills, political savvy, and conflict mediation skills;
• Manage all realms of performance effectively by setting clear expectations, assessing and differentiating performance, providing candid, continuous, two-way conversations with relevant feedback, and recognizing achievements.

Position requires location in Washington, DC office once remote work period is complete.

This position will require the successful completion of a Board Tier 4 background investigation.

REQUIRED SKILLS:
III. KNOWLEDGE/SKILL/EDUCATION REQUIREMENTS:  
1) Degree in Finance, Accounting, Business Administration or related field or equivalent experience.
2) Five or more years of supervision and regulation experience, banking experience, or legal regulatory experience.
3) Five or more years of experience managing a complex multi-layered organization, including matrixed relationships.  Includes establishing aligned performance expectations, providing clear and actionable feedback, and developing people.
4) Strategic thinker with demonstrated strong project execution and project management capabilities, analytical skills, political savvy, and conflict mediation skills.
5) Demonstrated experience and commitment to fostering collaboration and employee engagement.
6) Ability to lead and manage staff and projects effectively, set priorities, assess performance, guide staff development and make budgetary recommendations.
7) Ability to balance competing interests among a variety of clients and readily readjust priorities to respond to pressing and changing client demands.  Must be able to anticipate and meet the clients’ needs while maintaining high-quality end products.  
8) Exceptional organization savvy and agility as demonstrated by ability to manage across organizational boundaries, building high performing teams, diminishing organizational silos, strengthening teams, and facilitating effective group and team dynamics.
9) Requires the ability to communicate effectively, both orally and in writing, with all levels of staff and management.

IV. OFFICER SPECIFIC POSITION RESPONSIBILITIES:  
1) Acts as responsible steward to the function(s), Division, and Board by demonstrating proficiency in the Board’s espoused competencies.
2) Balances and mitigates key organizational and functional risks where appropriate, and develops and executes sustainable risk mitigation strategies.
3) Fosters a continuous learning culture.
4) Exercises appropriate judgment and decision-making in complex situations.
5) Demonstrates innovation and thought leadership relevant to future-state organizational and functional people strategies.
6) Demonstrates strong leadership and management skills aligned to the Board’s espoused values.
7) Keeps skills and knowledge current and aligned to best practices relative to key rules, regulations, and policies, as well as economic, political, and social trends that affect the organization. Understands near-term and long-term needs for the organization and determines how operations should be positioned to meet such needs.
8) Demonstrates proficiency in political savvy, organizational savvy, and interpersonal communication skills.

V. BOARD COMPETENCIES:
1) Decision Quality:  Makes timely, thoughtful, strategic decisions
2) Learning Agility:  Takes responsibility for building organizational agility
3) Drive for Excellence:  Delivers results by developing shared vision and direction for the organization
4) Perspective and Strategic Agility:  Leads and acts with the future in mind
5) Collaborative Relationships:  Sets the tone for collaborative organization
6) Effective Communication:  Effectively speaks and acts on behalf of the Board

VI. PERSONAL RELATIONSHIPS:
1) Has regular contact with all staff in the function(s) to stay connected to the pulse of the division, provide leadership, and act as a role model.
2) Has frequent contact with senior staff and other professionals in the division, elsewhere at the Board, and the Reserve Banks regarding matters pertaining to area(s) of responsibility.
3) Has frequent contact with members of the Board, both in discussions and through memoranda, regarding matters pertaining to area(s) of responsibility.
4) Has frequent contact with individuals from other federal agencies, international organizations, and in the private sector regarding the subject matters in area(s) of responsibilities.

VII. INTERNAL MANAGEMENT RESPONSIBILITIES:
1) Provides guidance, coaching, and feedback to, and conducts performance reviews for managers and other direct reports, and ensures same is provided to all function staff.
2) Responsible for accomplishing approved program objectives for area(s) of responsibility within the financial and personnel resources allocated by the Board and the division's senior management.
3) Participates in the development of the division’s strategic plan, goals, and budget. Recommends program objectives and their priorities for area(s) of responsibility.
4) Recommends personnel actions involving promotions, reclassifications, merit increases, and reassignments or separations in area(s) of responsibility.

VIII. POSITION DEMANDS:
1) Ability to exercise independent and sound judgment in establishing objectives for assigned area(s) of responsibility that provide support and services for the divisions and Board’s missions.  
2) Ability to translate customer service and organizational development theories and best practices into effective strategies for adoption in area(s) of responsibility to achieve and maintain high levels of customer service.
3) Ability to communicate effectively, both orally and in writing, to the Board and individual members thereof, senior Board staff, other Board and Reserve Bank staff: and staff at other government agencies and in the private sector on complex and technical matters.
4) Ability to be an effective spokesperson and advocate for the Board and the division in outside contacts, which may involve significant business dealings.
5)  Ability to operate under pressure to meet deadlines accurately and in a timely manner.