Supervisory Manager in Foreign Financial Institutions, Regional and Community Banks - Supervision Group

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Federal Reserve Bank of New York
  • 30 Sep 16

See job description for details

AREA OVERVIEW:

The Foreign Financial Institutions Department of the Regional, Community, and Foreign Institution Supervision and Consumer Compliance Function (“RCFI”) Function is responsible for evaluating the safety and soundness of over 135 foreign financial institutions. The department ensures that the U.S. operations of these institutions comply with U.S. laws and regulations and operate under sound internal controls, with effective governance and management oversight.

JOB RESPONSIBILITIES INCLUDE:

  • Develop and implement risk focused supervisory strategies for a portfolio of foreign financial institutions, primarily focusing on South and Central America;
  • Prepare supervisory plans, risk assessments, scope memos, institutional overviews and Strength of Support Assessments, as well as other institutional and examination correspondence;
  • Serve as Examiner-in-Charge for on-site point in time examinations for the portfolio of foreign firms;
  • Monitor for compliance and/or assess the status of institutions’ progress in connection with any enforcement actions or pending applications;
  • Monitor, research, analyze and report on relevant home country and head office strategic or financial developments;
  • Develop and maintain relationships with senior management and relevant leaders at the supervised firm, assess management’s competence, collaborate with the appropriate risk specialists and analysts to assess progress against business, risk and control objectives in order to identify emerging issues (internal and external) and the impact of strategies on the firm’s risk profile and control infrastructure;
  • Develop and maintain relationships with senior home country supervisors and head office officials;
  • Prepare financial institution or country specific analytically driven briefings to Federal Reserve management;
  • Deliver well supported conclusion-based written and oral presentations to report supervisory examination and review findings and recommendations to Federal Reserve management and institution management as required;
  • Foster productive working relationships and information sharing practices with Board of Governors staff and colleagues from other U.S. and home country supervisory agencies;
  • Work with FR colleagues to implement Enhanced Supervisory Standards as applicable to supervised institutions based on risk profile;
  • Keep current on global banking and financial industry issues and trends as well as changes in the regulatory environment, by utilizing a wide range of information sources; and,
  • Work on ad-hoc projects, special assignments, and domestic examinations in a risk specialist context, as required.
  • Mentor and coach junior staff.


Qualifications:
JOB REQUIREMENTS:

The ideal candidate will have working knowledge of supervisory processes and standards and should possess strong critical skills, including:
  • Strong analytic and quantitative skills, including the ability to understand, interpret and utilize complex data and financial information and; strong communication and presentation skills, with an ability to synthesize complex and sometimes disparate information effectively in order to arrive at sound views, judgments and conclusions;
  • Agility and intellectual capacity to quickly assimilate new information, handle problem situations, and manage a variety of responsibilities simultaneously;
  • Analytical skills to identify potential vulnerabilities and problems facing the financial institutions and to develop supervisory messages;
  • Ability to build strategic relationships with Supervision staff, including Risk and Policy colleagues, staff in other areas of the Federal Reserve, including supervisory counterparts at other Reserve Banks and other supervisory agencies, as well as to work collaboratively with bankers;
  • Multi-cultural awareness and a strong ability to work across a variety of different cultures;
  • Well-developed presentation skills;
  • Competence and presence to interact with senior leaders at the firm;
  • Strong collaboration skills and the ability to work with and draw upon a wide range of resources;
  • Strong self-management skills, as evidenced by ability to take initiative and ownership of assignments, produce results under tight time constraints both independently and as a member of a team, and operate within rapidly evolving priorities; and
  • Innovativeness as demonstrated by continuously seeking ways to improve on efficiencies and effectiveness of work processes to achieve better outcomes and results.
  • Education – Master’s Degree; ACAMS Certification a plus


This position requires access to confidential supervisory 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, U.S. permanent residents who are not yet eligible to apply for naturalization, and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.

The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service”, as this was not included on the body of the descriptions.

HOW TO APPLY:
All interested candidates should submit a cover letter and resume through the Bank’s FedCareers website and apply to req 247956.