Assistant Vice President, Assistant Corporate Secretary & Deputy Chief of Staff at Federal Reserve Bank (FRB) in Boston, Massachusetts

Job Description:

Company

Federal Reserve Bank of Boston

ABOUT THE FEDERAL RESERVE BANK OF BOSTON

The Federal Reserve System (System) was founded by Congress in 1913 and serves as the central bank of the United States. Its fundamental mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems to promote optimal economic performance.

As part of the nation’s central bank, the Boston Reserve Bank promotes sound growth and financial stability in New England (Connecticut – except Fairfield County, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont) and the nation. The Bank's unique contributions to its local communities, region, and the nation are founded on high-quality research and bank supervisory activities, excellence in supporting financial services and financial markets stability, leadership in payments innovation, and a commitment to supporting economic well-being in communities. The Bank holds several key System roles, including leading the Financial Support Office, which manages the System budget. The Bank also develops and leads innovative payments programs and played a central leadership role in the Federal Reserve’s crisis responses both during the Great Financial Crisis (2008) and global pandemic (2020). The Bank is a thought leader and innovator in numerous areas. Among its most critical responsibilities:

Conducting leading-edge research and education on monetary policy, financial markets and stability, and important regional and national economic concerns.

Providing financial stability expertise through a deep knowledge of money markets and the institutions key to those markets.

Conducting dynamic, comprehensive bank supervision through on-site examination and by monitoring banking conditions, practices, and emerging issues.

Providing efficient, high-quality payments services for depository institutions.

Transforming the nation’s payments system by leading the development of the FedNowSM Service (“FedNow”), a real-time gross payments settlement system.

Pursuing cooperative endeavors with business, community, and government leaders to address key local and regional economic issues, often with a focus on community development and economic opportunity.

Supporting and improving economic outcomes for the broader community, particularly low- and moderate-income individuals. This commitment is reflected in our research on race and its link to economic well-being, our Working Places community development programs, and our initiative to improve the quality of low-wage jobs.

Building institutional expertise and flexibility by identifying, engaging, and developing a highly trained and diverse staff.

Providing leadership to System initiatives and interacting with other regulatory bodies and central banks.

The Bank is a business leader in Greater Boston and throughout the First District. We serve as an important business community advisor in areas of economic and workforce development. Our President and Bank leaders are engaged with numerous organizations that support the First District community, including professional associations and academic boards.

The Bank’s approximately 1,300 employees are based mostly in the First District and they take great pride in working for an organization whose mission is to promote sound economic growth, financial stability in the New England area and the United States. We are proud of our strong organizational culture, which is built on our four core values: integrity, leadership, diversity and inclusion, and innovation.

The Corporate Affairs Department is part of the Strategic Bank Services (SBS) Division. SBS provides leadership, strategic counsel, and services to Bank stakeholders in the areas of governance and executive support, communications and government relations, strategy and risk, and human resources. Corporate Affairs is responsible for executive support and includes the Office of the Corporate Secretary and the Chief of Staff function.  

 

AVP, Assistant Corporate Secretary & Deputy Chief of Staff 

This position is responsible for assisting the Vice President, Corporate Secretary and Chief of Staff for all activities related to the Bank’s Board of Directors and providing executive level assistance to senior leadership and serves as the Administrative Officer of the Corporate Affairs Department.  

 

All Bank officers are expected to help drive and support the Bank’s mission, strategy and culture through active engagement in key dialogues, demonstrating intentional and inclusive leadership, and volunteering for Bank activities to serve as a role model for our employees and the communities we serve. 

 

The scope of the role includes, but is not limited to: 

• Serves as the Administrative Officer of the Corporate Affairs Department. Along with the VP, drives improvements and innovations and develops and oversees the department’s overall strategic goals and objectives. Manages the general operations of the department including records management, information security, and risk management activities. Maintain department policies and procedures and update as appropriate. 

• As the Bank's Assistant Corporate Secretary, assists the Corporate Secretary in responsibilities that include preparing and maintaining official corporate records, notices, and actions as required by the Board of Governors, federal, state, and local jurisdictions, and by other regulatory authorities.  

• Interact on a regular basis with the members of the Board of Governors’ and prepare responses to requests for information.  

• Manage the annual election/appointment process and support the new director orientation program. 

• Coordinate, plan, and attend Directors Receptions and Dinners, and the Annual Directors and Officers Annual Holiday Reception. 

• Support Director succession planning by helping to identify and research candidates for open positions. 

• As Deputy Chief of Staff, assists in the development of presentations and reports, composes routine correspondence and memoranda, and helps to facilitate briefings on relevant topics.  

• Coordinates briefings for the Bank’s President and First Vice President and their associated conference activities.  CFVP briefings in advance of meetings and supports COP briefings as needed.  

• This position, along with the VP, is responsible for the direction and oversight of the strategic, people supervision and administrative activities for the local Reserve Bank; may participate in or lead System committees and/or workgroups as needed. 

• This position is responsible for the supervision, direction, training, and development of 3-4 professional positions at the staff level. EXPECTATIONS AND REQUIREMENTS 

• Knowledge and experience normally acquired through, or equivalent to, the completion of a bachelor’s degree, and a minimum of 7 years of relevant experience including at least 5 years of people management / leadership experience. 

• Prior experience in the Federal Reserve System or similar financial institution required. 

• Must be highly detailed-oriented and have the ability to handle competing priorities. 

• Outstanding oral and written communication skills that effectively reach all levels of the organization. Must have the ability to partner effectively across all levels within the organization, influence situations and effect outcomes. 

• Ability to adapt to a rapidly changing environment and, generate effective and innovative solutions. 

• Proven record of exceptional business judgment, flexibility and integrity. 

• Exemplary people management, relationship building, and diplomacy skills, with demonstrated leadership in managing complex and indirect relationships. 

LEADERSHIP CAPABILITIES 

• Champion an inclusive environment to lead the System’s Diversity, Equity, and Inclusion goals.  

• Lead with a strategic, action-oriented mindset that is focused on performance, accountability, and outcomes.  

• Drive results that are beneficial to System and local efforts (demands).  

• Be a role model and serve as an active talent champion, coach, mentor, and connector.  

• Engage in intellectual curiosity, agility, and experimentation to drive innovation.  

• Build trust and serve as a helpful and contributing colleague.  

• Embrace and demonstrate a growth mindset including the new principles and practices as the future of work evolves. 

• Maneuvers comfortably through complex policy, process, and people-related organizational and system dynamics. 

• Comfort to operate effectively even when things are not certain or clear and courage to speak up in challenging or difficult situations. 

 OTHER REQUIREMENTS 

• Eligibility to work in the United States 

• Residency in the First District within commuting distance of the office to manage a team with a frequent on-site presence. 

• Willingness to travel domestically up to 5% of the time  

 

The Bank provides comprehensive and highly competitive benefits. 

 

ETHICS CONSIDERATIONS and PROHIBITED ACTIVITIES 

It is indispensable to the proper functioning of, and the maintenance of public confidence in, the Federal Reserve, for the Bank and the System to function properly and maintain high public confidence. It is essential for every employee to perform their duties with honesty, integrity, and impartiality, without improper preferential treatment of any person or organization. Bank employees are subject to federal criminal statutes that prohibit financial conflicts of interest (e.g., an employee cannot work on any matter in which they or certain employee-affiliated parties have a financial interest). In addition, the Bank’s code of conduct generally prohibits activities such as: 

• Outside activities that are inconsistent with the employee’s duties and responsibilities, e.g., holding a position as a director of a publicly traded company 

• Certain partisan political activities, such as fundraising or holding partisan elected office 

 

Additionally, as a condition of employment, all Federal Reserve Bank of Boston employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning financial interests – such as stocks or bonds – from banks, savings associations, and systemically important financial institutions or their affiliates, such as bank holding companies or savings and loan holding companies. If you, your spouse or domestic partner, or your minor child own such assets and would be unwilling or unable to divest them if you were to accept a job offer, you should raise this issue with our recruitment team. Applicants should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions. 

PHYSICAL REQUIREMENTS 

Work is performed in an office environment and requires the ability to operate standard office equipment and keyboards.  At times, officers may be required to work evenings and/or over the weekend. 

 

The Federal Reserve Bank of Boston is committed to a diverse 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. 

 

All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch lists at least once every five years. 

 

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

Executive

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.

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.

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