Federal Reserve Bank of New YorkWhen you work at the New York Fed, you have the opportunity to make an impact in our communities and across the nation. Our mission-driven, curious, and dedicated colleagues apply their diverse perspectives and unique talents to support the strength of the U.S. economy and stability of the global financial system. At the Bank, we work full-time onsite with our teams. We believe being physically together allows us to draw on our collective strengths, while recognizing that the ability to work flexibly from time to time remains important to achieving our mission.
Our Unique Work:
The Supervision Group of the Federal Reserve Bank of New York (FRBNY) supervises banks in the Second District. Theobjectivesof supervision are to:
Evaluate and promote the overall safety and soundness of supervised institutions
Ensure supervised institutions’ compliance with relevant laws and regulations
Facilitate the stability of the financial system of the United States
Support the growth and stability of the U.S. economy
Supervision is carried out through a combination of methods, including on-site and off-site examinations involving staff dedicated to the supervision of an individual firm and other professionals focused on analytical, policy and risk matters. Supervision is coordinated with other US agencies.
The SupervisionGroupat FRBNYis responsible fortheday-to-day supervisionofGloballySystemicallyImportantBanks,Large and Foreign Banking Organizations, Regional and Community Banking OrganizationsandFinancial Market Utilitiesthat are based in the Second District Thesupervisoryteamsexecute examinations,monitoring, and analysisin coordination withstaffs ofthe Board of Governors,otherReserve Banks,and otherdomestic and international agencies.Supervision staffdevelopadeepunderstanding of the safety and soundness of the firmsandthe broader banking industry;recommend supervisory plans and ratings;and execute examinations,monitoringevents and financial analysis Supervisorsfocus their workonrisks includingCapital, Governance and Controls, Liquidity, Resolution and Recovery; and the overallfinancial and operational resiliency of thefirms’and thebroaderfinancial system
How You’ll Make an Impact:
Maintain deep knowledge of thefirms and industrystrategy, risk profile, governance, risk management,and control functions via monitoring,analysis,and examination activities.
Contribute tothedevelopment of supervisory priorities andsupervisory plansneeded to assess core risks and make well-supported recommendations
Develop andpresent examinationand analyticalresults toarange ofstakeholders and supervised institutions.
Collaborate and build relationships withBank, Federal ReserveSystemand Interagency partners todevelop supervisory responsesto,and analysisofinherent and emerging risks
Helpidentifyandaddress emerging risks to supervised firms, the financial system,and financial stability
The Unique Skill Sets We’re Looking For:
Ability to take on a leading role on examinations at financial institutions and/or an ability and willingness to learn about complex regulations, including supervisory expectations and findings.
Supervisory or industry experiencein Bank Secrecy Act/Anti-Money Laundering (BSA/AML)
ExtensiveexpertiseinBSA/AMLand sanctions compliance frameworks, withdemonstratedability to evaluate financial crimes at large, complex banking organizations.
Deep knowledge of applicable laws, regulations, and regulatory expectations, along with proven experience conducting compliance assessments across diverse lines of business, products, and services.
Excellent project management, communication, interpersonal, and collaboration skills
Other Things to Know:
Salary Range: $164200 -$242200
We believe in transparency at the New York Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.
HowWe’llSupport You:
Our programs and benefits are designed to support you through all your life stages:
Learning & Growing: Educationalassistance, career development tools, and stretch opportunities
Supporting Your Family: Parental leave, adoptionassistance, back-up dependent and elder care, college planning resources, and more
Managing Your Health: Comprehensive insurance plans, leave policies, onsite Health & Wellness Center, and onsite Fitness Center
OptimizingYour Finances: Pension plan, 401(k) with generous match, financial planning resources, and subsidized public transportation program
Our Culture is deeply grounded in our Touchstone Behaviors— By working with us,you’llhave the opportunity to develop anddemonstrateyour ability to Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achieve success and set clear expectations for leading with impact at every stage of your career. Learn more.
The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.
We value accessibility for all candidates and are happy to provide an accommodation orassistance Please email us at ny.leaves@ny.frb.org andwe’llbe glad to help. Please note, this is a dedicated e-mail box designed exclusively toassistapplications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.
This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts,skillsor working conditions associated with the job. While this is intended to bean accuratereflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.
Full time
Regular
Yes
Supervision Family Group
First (United States of America)
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.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
The Federal Reserve System is the Central Bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded.
Today the Federal Reserve's duties fall into four general areas:
Conducting the nation's monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices and moderate long-term interest rates.
Supervising and regulating banking institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers.
Maintaining the stability of the financial system and containing systemic risk that may arise in financial markets.
Providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation's payments system.
