Exam Manager 3

Company
Federal Reserve Bank of Boston
As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.
A requirement of this position is that the employee must be fully vaccinated against COVID-19 or qualify for an accommodation from the Bank's vaccination policy; individuals who are unable to be vaccinated due to a medical condition or sincerely held religious belief may request an accommodation from the Bank.
This job is eligible for a hybrid schedule with some on-site work expected.
Exam Manager 3
Overview:
The Dedicated Supervisory Team (DST) Deputy Lead is a critically important leadership role in the oversight of the large, globally systemic financial institutions under Federal Reserve supervisory authority, combining technical, managerial and relationship management skills to positively affect supervisory strategy and outcomes at the firm they primarily supervise. The DST Deputy Lead position supports, and stands in when necessary for, the DST Lead. Through strong capital markets technical knowledge and ability to influence the actions of others, this position is responsible for guiding the Reserve System to an appropriate supervisory strategy for the supervised institution, and then affecting the desired actions on the part of firm leadership by establishing ongoing and effective relationships with senior management of the supervised institution. This position is also responsible for remaining aware of and contributing to the understanding of industry-wide risk exposures and sound practices in risk management. As requested, the incumbent provides support to senior Reserve Bank and System management in the formulation and implementation of policy. This position manages a supervisory team, including providing performance feedback and coaching members of the team, and reports to the DST Lead.
The position and job description posted is for an Exam Manager III. However, the successful candidate will be placed into an appropriate level within the Manager family based on knowledge and experience.
Responsibilities:

• Assists the DST Lead in developing and implementing an appropriate supervisory strategy, working closely with other Reserve System leaders to develop and implement a supervisory plan that targets the largest risks to the firm and broader financial stability. Develops effective relationships with senior management of supervised institutions and pertinent functional regulators to coordinate supervisory activities.
• Continuously assesses the financial and operating conditions of the assigned institution, directs the supervisory process, and provides excellent judgment and well-reasoned decision making in a wide array of situations that may involve highly complex issues, public scrutiny, market reactions, and potentially adversarial circumstances.
• Effectively communicates supervisory findings and concerns, both orally and in writing. Conducts the most sensitive of meetings with senior management and directors of the supervised institution, successfully influencing their actions through strong relationship management, negotiation, and conflict resolution skills.
• Maintains highly advanced technical and analytical skills, including the ability to apply, interpret, and explain complex regulatory concepts, with a particular focus on capital planning and positions and liquidity risk management and positions. Possesses a fulsome understanding of all aspects of the supervised institution in order to identify themes and appropriately contextualize supervisory activities and results.
• Maintains a broad knowledge of emerging issues and ongoing developments pertaining to the supervision of large and systemically important financial institutions through participation in local meetings, System conferences, and District and System task forces or committees. Initiates and provides expert, final form commentary on proposed changes to supervisory policies and procedures, as appropriate.
• Fosters a diverse set of perspectives to ensure varied viewpoints are appropriately considered when drawing supervisory conclusions.
• Invests in the growth and development of the team through mentoring, coaching and training of direct reports. Serves as a role model by playing a leadership role in promoting teamwork and in fostering a positive work environment. Provides constructive and actionable feedback to managers, peers, and team members, and assumes accountability for the resolution of problem issues.
• Leads and participates in the management of the unit, including providing leadership to initiatives that advance community, culture and collaboration across the unit, department, Bank and Reserve System. Performs other administrative and budgeting processes, as needed, to maintain a well-functioning organization.
• Ability to travel is required.

Knowledge and Experience:

• Knowledge and experience normally acquired through, or equivalent to, the completion of a Master's degree and 15 years of work experience that demonstrates applicable technical knowledge and managerial skills, at least 3 of which include the management of others.
• Commissioned examiner credentials are preferred though not required.
• Demonstrated success in evaluating a broad range of risk management and compliance programs, payment processing activities, custody services, investment management and servicing utilities, and resiliency of operations, including under stressful conditions.
• Demonstrated effective written and verbal communication skills, including the ability to communicate technical topics in concise terms that non-technicians can readily understand.

Our total rewards program offers benefits that are the best fit for you at every stage of your career:

• Comprehensive healthcare options (Medical, Dental, and Vision)
• 401K match, and a fully funded pension plan
• Paid vacation and holidays; flexible work environment, healthy workflow
• Generously subsidized public transportation
• Annual tuition reimbursement
• Professional development programs, training and conferences
• And more...

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.
This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.
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.
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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