Dedicated Supervisory Team (DST) Capital Program Lead - LISCC / Supervision Group, Federal Reserve B

Overview:

The Large Institution Supervision Coordinating Committee (LISCC) is responsible for an effective continuous risk-focused supervisory program for the most complex financial institutions currently subject to the Federal Reserve Systems' oversight. Within LISCC, the Capital Program is conducted through the Comprehensive Capital Analysis and Review (CCAR) and the assessment of risk management and controls around financial risks.

The Supervision Group at the Federal Reserve Bank of New York supervises and regulates financial institutions in the Second District to ensure a safe, sound, and accessible financial system. Supervision monitors and assesses domestic banking institutions, operations of foreign banking organizations, systemically important banks and nonbanks including financial market utilities. The Group also analyzes issues and developments to identify emerging supervisory risks and develop domestic and international supervisory policy.

The Dedicated Supervisory Team (DST) is the team within Supervision primarily responsible for overseeing the execution of firm-specific components of LISCC programs. The Dedicated Supervisory Team (DST) supervises a global financial services provider with 3 primary business lines: 1) investment banking, sales & trading 2) wealth management and 3) investment management.

Job Description:
The Dedicated Supervisory Team Capital Program Lead (DST Capital Lead) is part of the DST's management team and leads Capital Program-related efforts undertaken by the DST. Specifically, the DST Capital Lead, is responsible for: a) overseeing the assessment of the qualitative elements of the capital planning process covered in CCAR; b) leading execution of firm-specific work related to capital planning and positions and financial risk management and controls examinations; c) leading development of capital rating recommendation, and d) leading development of recommendations to object or not-object to the firm's capital plan and associated capital actions. The DST Capital Lead serves as the DST's liaison to the Capital Program and will work with the Capital Program Leadership Group (PLG) to ensure execution of approved activities, and vetting of ratings and recommendations arising from supervisory work.

Key elements of the role:

• As a member of DST leadership, the Capital Lead will help direct capital team efforts to achieve effective supervision, and build a positive supportive environment.
• Assist in developing and communicating a clear and multi-year vision for firm-specific Capital supervisory activities
• Ensure an internal culture that supports the supervisory mission and promotes synergy and collaboration within the DST and with other teams in LISCC and Supervision.
• Develop the analysis and support for the annual assessment made by the Capital Program. Oversee firm-specific capital work.
• Establish and maintain productive relationships with the supervised firm that allow the DST to discuss, investigate, and understand the firm in areas relevant to Supervision.
• Manage and lead a team of examiners by providing effective mentoring, coaching and feedback.
• Contribute to cross-firm perspectives in conjunction with peer Capital Leads, national risk teams and in collaboration with the Monitoring and Analysis Program (MAP).
• Lead and/or actively participate in internal vetting(s) of the Capital rating.
• Organize and oversee operational and administrative requirements for planning, conduct of supervisory activities, timely communication to firms, and follow-up on remediation activities.

Definition:

• DST: Dedicated Supervisory Team

Qualifications:
Preferred Qualifications:

• Leadership: Proven ability to effectively lead and coach a team, experience with management and providing feedback and career coaching.
• Technical skills:
  
  • Strong financial analysis and analytical skills with the ability to interpret financial statements and risk reports and to identify and monitor various metrics and indicators measuring the performance.
  • Technical knowledge in investment banking, sales and trading, retail, asset management, etc. highly desirable. Knowledge and experience can vary depending upon front office, middle (risk), and back office.
  • Proficient in the use of technology to manipulate data for analytic purposes.
• Regulatory knowledge: Familiarity with relevant supervisory standards pertaining to effective stress testing and capital management practices at large financial institutions such as SR 15-18. Familiarity with risk management in one or more of credit risk, counterparty credit risk, market risk, or financial planning and analysis.
• Soft skills:
  
  • Analytical skills: Strong critical thinking skills and clear, independent thinking. Agility and intellectual capacity to quickly assimilate new information as well as keep track of rapidly changing issues
  • Ability to link, summarize and make key connections between information provided in management reports and assessments provided by examiners in the LISCC supervisory programs
  • Communication: Superior written and oral communication skills and the ability to synthesize complex ideas and explain them clearly. He / She must be able to influence and persuade at the senior most levels inside the Federal Reserve and at the supervised firm.
  • Organizational: Strong organizational and program management skills, and the ability to oversee the day-to-day operations of a large projects and a diverse team; Task oriented with the ability to take initiative and produce results under tight time constraints such as CCAR.
  • Collaboration: Strong coordination/collaboration skills and the ability to build effective working relationships within the DST, across Supervision and other internal/external stakeholders. Promote diversity of thought amongst team members to foster effective outcomes.
• Years of experience: 10 years of supervisory and/or industry experience, including 3 to 5 years of recent and relevant experience dealing with bank capitalization, business performance monitoring, stress testing, or risk/return analytic issues.
• Educational certifications: Bachelor's or Master's degree in a related field, such as finance, economics, or a quantitative discipline. CFA, CPA, FRM and EIC Commissioning designations preferred.
• Occasional travel required

To Apply:
All interested candidates should send a cover letter and resume via email through the Bank's career website

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.