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.
This job is eligible for a hybrid schedule with some on-site work expected. The individual is expected to reside in the 1st District unless you were given an exception.
Exam Manager 2 - Large Bank Supervision
Description of Role:
The Federal Reserve Bank of Boston has an opening for an experienced Exam Manager 2 to join the Large Institution Supervision Coordinating Committee (LISCC) Unit as a member of a dedicated supervisory team (DST). This position manages supervisory functions where the work covers non-financial risk and supports the national supervisory program's assessments of a firm's board of directors, management of business lines, and independent risk management and controls. You will be part of the DST leadership team that supports department, Reserve Bank and System objectives. The Exam Manager 2 is expected to manage a minimum of three direct reports primarily focused on operational risks related to payments, fund accounting, alternatives, digital assets, risk management and select regional, legal entity and functional coverage areas of the supervised firm. You will utilize strong communication skills and technical knowledge to maintain ongoing and effective relationships with senior management of the supervised institution. As a manager, you will provide direct supervision to a team of examiners and handle all aspects of staffing including hiring, employee development, coaching, and feedback/performance management.
Principal Responsibilities:

• Support the DST Lead and DST Deputy Leads in developing and implementing an appropriate supervisory strategy to cover non-financial risk practices and oversee a team of three or more individuals focused on evaluating non-financial risk.
• Maintain liaisons with supervised firm management, as well as with deputy/DST Leads, System risk specialists, and other regulatory agencies.
• Develop effective relationships with senior management at the supervised institution and conduct sensitive meetings with senior management as necessary.
• Provide career and work guidance to direct reports by setting clear expectations, delivering timely feedback and coaching, and facilitating learning and development.
• Participate in risk-focused reviews, preparing informative, well-supported supervisory products and work papers, effectively communicating supervisory conclusions and required actions on complex topics to senior management and boards of directors.
• Serve as a knowledge leader by leading or supporting direct reports on high-level projects, workgroups, and strategic projects. Promote and support the understanding of emerging risks, risk management practices and changes in supervision policies, procedures, tools or guidance on a System basis.
• Demonstrate good judgment and well-reasoned decision making in situations that involve complex issues and potentially adversarial circumstances.
• Maintain a global awareness of relevant regulations, laws, issues, trends and ongoing developments in the financial services industry.
• Advance and support diversity and inclusion efforts, and encourage diverse perspectives, ideas, and approaches.
• Perform other duties as assigned.

Education and Experience:

• A Bachelor's degree is required, with a concentration in business management, finance, or accounting preferred.
• Knowledge and experience normally acquired through, or equivalent to, the completion of an advanced degree and/or a minimum of 10 years of commensurate financial industry or regulatory work experience.
• Proficient technical knowledge of global custody, payment, settlement and clearing functions, operations, compliance, business controls, and risk management practices as executed by large complex banking organizations.
• Appropriate industry certifications (CFA, CPA, CIA, CISA, CRMA) are preferred, but not required.
• Demonstrated effective written and verbal communication skills, including the ability to communicate technical topics in simple and concise terms.
• Prior experience in managing people and bank supervision would be an asset to the role.

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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