Banking Supervisor - Capital Team

  • Competitive
  • Cleveland, OH, USA
  • Permanent, Full time
  • Federal Reserve Bank of Cleveland
  • 11 Aug 17

The Federal Reserve Bank of Cleveland is part of the nation's central bank. We've provided many opportunities for professional growth during our history. For seventeen years in a row, we've been named "One of Northeast Ohio's Best Places to Work" by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications. At our state-of-the-art offices we are seeking innovative thinkers with vision to build the framework that will carry the Bank into the future. Join our team!

Position Summary

Provides primary oversight and coordination of the Fourth District supervisory program, including supporting activities and projects, for capital planning, stress testing, and model risk management and supports the Federal Reserve System’s national capital planning initiatives  with a focus on LBO and RBO institutions.  Maintains productive relationships and coordinates with supervisory points of contact, banking supervisors, the Capital team, and others to ensure forward-looking supervisory assessments, including ongoing firm-specific and portfolio awareness and monitoring, in alignment with supervisory standards and requirements.  Supports the Federal Reserve's mission for strengthening financial system stability by proactively identifying emerging risks and trends at the micro level (institution specific), horizontal level (industry wide/peer), and macro level (financial system supervision). Manages a team of professionals, overseeing their supervisory work products and development.


Essential Accountabilities

•Manages a portfolio of firms and/or specialty supervisory areas, ensuring appropriate supervisory strategies are developed and executed and that appropriate supervisory decisions/conclusions are reached. Composes, reviews, revises, and finalizes and/or conducts formal communications with senior management and boards of directors of state member banks, bank holding companies, savings and loan holding companies, and non-bank subsidiaries. Ensures risks are identified in a timely manner and supervisory ratings are well supported. Establishes and maintains effective communications and working relationships with FRS officials and other regulatory and industry stakeholders (state agencies, Board of Governors, OCC, FDIC, SEC) to ensure timely communication of key risks and the adequacy and consistency of supervisory response.
•Manages a team of professionals, oversees their work products and their development. Provides coaching and mentoring and assists with implementing appropriate talent development and succession planning programs. Performs all Human Resources performance administration responsibilities (hiring, development, coaching, mentoring, performance evaluations/ratings, and compensation) for assigned staff.
•Conducts advanced analysis of individual firms, portfolios of firms, and/or broader financial system and financial markets that furthers the System's ability to proactively identify emerging risks within the banking and financial market sector. Incorporates analysis into supervisory approaches and plans, as appropriate.
•Leads or participates on the most critical, most complex local and national strategic or operational projects, committees and initiatives intended to enhance policy, supervisory standards and processes, examiner training, address emerging issues or developments, or enhance quality, performance and effectiveness. Develops and supports outreach efforts of the Reserve Bank and/or regulatory community. Incorporates results of these activities into ongoing supervisory process.
•Demonstrates and maintains expertise on banking and regulatory related practices, standards, trends and issues and serves as a resource for examination staff, Reserve Bank management, as well as management of supervised institutions.
•Occasionally acts as examiner-in-charge, assists on examinations and inspections of institutions, or serves in other leadership capacities, such as on horizontal reviews or initiatives.
•Performs other duties as assigned or requested.
•Adheres to the Bank's attendance policies through regular and prompt attendance.

Education and Experience

• Bachelor's Degree in Accounting, Finance, Mathematics, Economics, or related field.
• 7+ years of related work experience in specialty area required
• Commissioned Examiner of the Federal Reserve System
• Proven ability to effectively and quickly deal with ambiguity, complexity, and uncertainty while still achieving desired business results.
• Strong emotional intelligence and ability to build trust in a variety of relationships.

PLEASE NOTE: 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") but do not include (i) a permanent resident alien who fails to apply for naturalization within six months of the date the alien first becomes eligible to apply for naturalization and (ii) an alien who has applied on a timely basis, but has not been naturalized as a citizen within 2 years after the date of the application, unless the alien can establish that the alien is actively pursuing naturalization.   If you are selected for an interview, you will be required to present documentation of your eligibility prior to the interview.