As part of the Central Bank of the United States, the Federal Reserve Bank of Boston works to promote sound growth and financial stability in New England and the nation. We contribute to communities, the region, and the nation by conducting economic research, participate in monetary policy-making, supervising certain 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 Statistics Unit in the Supervision, Regulation, and Credit department of the Federal Reserve Bank of Boston has an opening for a Business Manager to oversee financial statement regulatory reporting data intake and data quality analyses activities. The Statistics Unit collects and analyzes data submitted to the Federal Reserve Bank by a variety of financial institutions. The collected data supports the use and interpretation of information by monetary policy and financial stability decision makers (including research and bank examination staff).
As a Business Manager of the Statistics Unit, you will draw upon your related experience, critical thinking, and leadership skills to oversee the units assessment of regulatory financial statements reported by financial institutions for consistency and compliance with regulatory standards. You will be responsible for both day-to-day operations of the business function as well as contributions to strategic direction and planning within the function. You are responsible for fostering an inclusive work environment, ensuring appropriate staffing levels, workflows and internal processes within your unit, establishing unit and staff objectives, directing activities of staff, overseeing professional development and conducting performance management relative for professional staff. You will maintain and share current, relevant policy related knowledge and engage in hands-on analysis as needed in connection with achieving unit objectives, including active participation in Federal Reserve System level projects and department level initiatives.
Oversee unit operations for a staff of up to twelve individuals to deliver timely, regular financial and business analysis in accordance with local metrics and with Federal Reserve System guidelines and procedures.
Supervise direct and indirect reports by setting expectations, providing feedback, coaching, delivering evaluations, and facilitating staff learning and development.
In all internal and external communications, demonstrate strong interpersonal skills, including political savvy, understanding the motivation and needs of others, appropriate negotiation, strategic agility and conflict resolution.
Lead, collaborate on, and contribute to local and national initiatives that support the strategic direction of the Reserve Bank and System.
Build and maintain effective working relationships with staff and stakeholders to analyze and respond to inquiries regarding reporting requirements and data quality issues including evaluation of data controls and quality (i.e., outreach, on-site data assessments)
Produce timely, clear and concise work products, and confidently deliver written/verbal recommendations and resolutions.
Adequately evaluate potential changes to key accounting rules, laws and regulations, and supervisory policies and their relevance to institutions regulatory financial reporting.
Participate in strategic planning activities, including the development of goals and objectives, as well as budgeting, group-level resource management and other management/administrative responsibilities.
Advance and support diversity and inclusion efforts, and encourage diverse perspectives, ideas, and approaches.
Creates a positive climate sets a clear strategy, identifies goals and expectations, defines core values, provides regular feedback and support, and recognizes and rewards performance and accomplishments.
Highly developed critical thinking, including the ability to deal with ambiguity, strong analytical, problem-solving, and decision-making capabilities.
Ability to set priorities and adapt to changing circumstances; demonstrating commitment and flexibility to ensure that critical deadlines are met.
Communicates, verbally and in writing, in a way that is transparent, informative, and clear.
A strong track record in positions of increasing responsibility (including in a managerial capacity). Familiarity with financial statement reporting and analysis.
Dedication to advancing inclusion and diversity efforts and encouraging diverse perspectives by actively participating in activities that contribute to engagement and inclusion.
Perform other duties as assigned. Ability to travel (up to 10%).
Direct and indirect supervision of a group of up to 12 analysts.
Knowledge and Experience:
Knowledge and experience normally acquired through, or equivalent to, the completion of a Masters degree and a minimum of 12 years of work experience that demonstrates applicable technical knowledge or managerial skills.
This position requires access to confidential supervisory information, access to which is limited to "Protected Individuals" as defined by regulation of the Board of Governors of the Federal Reserve System. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and lawful permanent resident aliens (also known as "green card holders") who are eligible for and seeking United States citizenship within the requisite timeframes.
As a condition of employment, Federal Reserve Bank of Boston employees must comply with ethics rules that generally prohibit employees, their spouses, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you, your spouse, or minor child(ren) own such securities, and you would not be willing or able to divest them if you accepted an offer of employment, you should raise this issue with the recruiter for this posting.
The Federal Reserve Bank of Boston is committed to a diverse 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.
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