Supervisory Manager – Complex Financial Institutions – Financial Institution Supervision Group recruitment
The FRBNY has an opening for a Supervisory Manager (SM) for a Large Banking Organization (LBO) headquartered in New York City. This organization is the bank holding company for two credit card banks and major nonbank subsidiaries
Responsibilities
The SM is responsible for the overall continuous supervision of the firms operations and for managing a team of dedicated examiners onsite. In this role, the SM must understand this organization's financial condition, business model, strategic plans, vulnerabilities, corporate governance and risk management processes, and material risk exposures. The SM must provide clear and concise supervisory messages in a timely manner. Critical to this role, it is important that the SM place strong emphasis on people management and supporting objectives of the Function, Group, and Bank. In addition, the SM must develop good working relationship with numerous stakeholders to implement an effective supervisory program. The SM will report to a senior officer in CFI who has supervisory responsibility for the LBO portfolio. In order to carry out these responsibilities, the SM will:
- Provide leadership and support for the people on site at the firm by reviewing their products and assignment, providing feedback, coaching, and mentoring, and providing opportunities for professional development
- Establish and maintain strong lines of communication with this organization's Board of Directors and executive management
- Develop a risk-focused supervisory program and oversee the implementation of the supervision plan and strategy. Ensure timely and effective identification and communication of supervisory risks and issues. Coordinate with other regulatory authorities as appropriate, prioritize effectively, identify resource requirements, and ensure that supervisory products reflect an accurate view of the organization and the appropriate response
- Monitor trends and developments through regular interactions with this organization's senior management and key business line managers by providing a context for the conduct of day-to-day activities and evaluating risks in business activities; and
- Develop and maintain effective working relationships with stakeholders including risk specialists, other CFI, Group or Bank colleagues, as well as Board Staff, Reserve Bank, and bank and functional supervisor colleagues to ensure findings, recommendations, and communications to the firm are consistent and appropriate
The combined effect of these activities will be a deep and nuanced understanding of the firm, a clear supervisory message about where the firm stands, and an agreed upon program for addressing matters that require attention.
Skills
Requirements
The ideal candidate has demonstrated leadership and management experience and at least ten years of direct or related business experience. In addition, candidates must have
- An advanced degree or professional certification is highly desirable
- Excellent written and oral communication skills and ability to effectively communicate complex/sensitive issues, analysis, and supervisory concerns. A strong commitment to keep Reserve Bank personnel and all appropriate stakeholders informed on the condition/risk profile/significant events regarding the institution
- Ability to understand and analyze complex topics and issues, excellent critical thinking skills, and the ability to arrive at sound supervisory judgments
- Strong negotiation skills to resolve conflicts in a positive manner to achieve supervisory goals, and build effective working partnerships and consensus
- Ability to develop the skills and expertise of team members and to effectively communicate candid feedback in a constructive/supportive manner
- Use of sound judgment in prioritizing, evaluating trade-offs, and resolving supervisory issues; and
- Ability to provide leadership in a collaborative decision-making process.
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.
This is a New York-based opportunity and out-of-district candidates would be required to relocate.