Director, Compliance and Data Privacy

Company
Federal Reserve Bank of Boston
Working at the Federal Reserve Bank positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems. It is a challenge that demands the skills of a financial service professional and the intelligence of an academic-all combined with a passion for public service.
This job is eligible for a hybrid schedule with some on-site work expected.
Director, Compliance and Data Privacy
Job Summary:
The Director, Compliance and Data Privacy leads the Federal Reserve Bank of Boston's compliance and data privacy program and serves as the organization's data privacy officer. The Director is responsible for the development and implementation of a compliance program that incorporates data privacy, records and information management, vendor compliance, and related activities. The Director serves as a subject matter expert, thought leader, and champion, and leads projects/activities to interpret and apply relevant standards, develop policies and programs to implement standards (e.g., design and implement compliance approaches), and creates related communications and trainings.
Principal Accountabilities:

• Lead the Compliance and Data Privacy team.
• Establish a compliance program and framework to align compliance activities across the organization and maintain enterprise-wide understanding and adherence to legal and regulatory mandates, as well as Federal Reserve System (FRS) and Bank policies and directives.
• Lead the Data Privacy program and serve as the Bank's data privacy officer with responsibility to proactively advise and consult business owners and users; lead PII inventory, risk assessment, monitoring, and remediation efforts; conduct training & awareness activities; draft, update and monitor compliance with privacy notices; and respond to data privacy incidents.
• Represent the Bank as a member of the FRS Data Privacy Advisory Council; manage local implementation of the System Privacy Program and coordinate overall program compliance.
• Oversee the Bank's Records and Information Management (RIM) program and ensure business compliance with FRS records retention and management standards.
• Develop and implement procedures to ensure compliance with priority areas, including vendor management standards.
• In partnership with Enterprise Risk Management (ERM) and other stakeholders, monitor compliance risk for the Reserve Bank.
• Lead and participate in privacy or compliance initiatives/projects on Bank and System workgroups.
• As part of the leadership team for Corporate Strategy & Risk, contribute to the development and advancement of the department's priorities and business objectives.

Other Accountabilities:
Perform other duties as assigned.
Supervision:
This position reports to the AVP, and is responsible for the direct supervision of 3-6 staff. May also direct efforts in matrix managed environment where resources report to other management structures.
Knowledge and Skills:

• Knowledge and experience normally acquired through, or equivalent to, the completion of a Bachelor's degree (advanced degree a plus) and a minimum of 10 years of job-related experience, including specific experience in data privacy, data security, compliance, information management, and/or risk management.
• Knowledgeable of leading concepts and practices in compliance and data privacy, and relevant standards (e.g., NIST Privacy Framework, GDPR, CCPA, and others).
• Relevant certifications, including Certified Information Privacy Professional (CIPP), Certified Information Privacy Management (CIPM), Certified Compliance and Ethics Professional (CCEP), Certified Regulatory Compliance Manager (CRCM), or similar certification a plus.
• Strong leader with the ability to think both strategically and analytically.
• Excellent verbal and written communications skills and ability to deliver written reports and oral presentations for executive audience.
• Outstanding interpersonal and relationship building skills to effectively collaborate with internal and external stakeholders.
• Demonstrated experience in leading, developing and motivating diverse teams, establishing business objectives and driving results, and program and project management.
• Ability to operate with a high degree of independence and autonomy.

The Federal Reserve Bank is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
For this job, any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks.
The second phase, which might not be complete until after you begin working at the Reserve Bank, is an additional risk-based security screening determined by the risk rating of the position. Depending upon the sensitivity of the position, this phase may include, and is not limited to, work and residency eligibility verification, and personal interviews with the candidate, references, and prior employers.
All applicants must be a US Citizen or a Permanent Resident and have resided in the United States for at least three (3) years.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Supervisory/Management
Work Shift
First (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
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