Quality Management Specialist at Federal Reserve Bank (FRB) in New York, New York

Job Description:

Company

Federal Reserve Bank of New York

Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.

The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week for meetings and team collaboration and should live within a commutable distance.

What We Do:

The Supervision Group of the Federal Reserve Bank of New York (FRBNY) supervises banks in the Second District. The objectives of supervision are to:

• Evaluate and promote the overall safety and soundness of supervised institutions




• Ensure supervised institutions’ compliance with relevant laws and regulations, including consumer protection




• 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 Large Institution Supervision Coordinating Committee (LISCC) Program function is responsible for executing the LISCC supervisory program (covering Capital, Governance and Controls (G&C), Liquidity, Recovery and Resolution Planning, and Monitoring and Analysis) for domestic global systemically important banks (G-SIBs).  This supervision is accomplished through close coordination and in partnership with LISCC Dedicated Supervisory Teams (LISCC - DST) assigned to supervise individual firms, other Group business leaders, as well as LISCC leadership at the Board of Governors and other Federal Reserve Banks.

Your role as a Quality Management Supervising Examiner:

As a LISCC G&C Quality Management Exam Specialist, you will join a dynamic team that supports the G&C steering committee (SC), its co-chairs, and its leaders.  It also guides the G&C program through the supervisory lifecycle, including supervisory planning through to annual assessments.  In that capacity, the team helps ensure that our program executes all supervisory activities in accordance with LISCC standards and with the aim of credibly, consistently, and transparently executing the program’s supervisory objectives.  This includes, and is not limited to, ensuring that: (i) processes enable all appropriate and required collaboration and vetting engagements; (ii) assessments are appropriately consistent and delivered to firms on a timely basis; (iii) that the team provides performance and resource reporting to program leadership and (iv) that the team continuously identifies and implements areas of operational improvement.

Core responsibilities include:

• Oversee and advance G&C’s Quality Control program and monitor and report on G&C’s execution against program standards, including but not limited to quality and completeness of workpapers as well as timeliness.  Work with the OOC, and COO to identify best practices, areas for improvement and propose and implement related solutions, including training.  




• Manage third-party (e.g. QA, LOS, OIG, etc) reviews of the program; and lead work to address issues identified by third party reviewers. 




• Lead the program’s MIS development and production, including of easily interpretable MIS for various audiences (e.g. co-chairs, SC members, Program Leadership Group, and the program at large); including but not be limited to, regular reporting on upcoming and completed supervisory work; and timeliness of supervisory work.  This also includes responding to inquiries regarding our business operations.

What we are looking for:

• Demonstrated experience with quality management, e.g. assessment of performance as related to business processes, procedures, systems, and standards; engagement with various senior leadership to provide related key performance metrics, and indicators; as well as engaging with stakeholders to address questions and provide related guidance.




• Strong ability to collaborate and develop relationships with a wide range of stakeholders, ranging from senior leadership through all levels of staff, and extending to third party reviewers.




• A self-directed individual with the ability to perform responsibilities with limited guidance including ability to prioritize and multi-task. 




• Proficiency in managing raw data, quickly assimilating new information and providing sound and insightful analytics. 




• Effective project management skills with a track record of producing quality work products within desired timeframe.




• Ability to communicate complex ideas effectively and concisely, both written and verbally.




• Ability to invite challenge and diverse perspectives, synthesize information, and produce sound and clear outcomes.




• Proficiency in using common software applications (e.g., maintain complex spreadsheets in MS Excel, develop presentations in PowerPoint, querying and reporting data using Tableau, etc.)

Salary Range: $155400 - $230000 / year  

We believe in transparency at the NY 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.  

  

Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.  

  

Benefits:  

Our organization offers benefits that are the best fit for you at every stage of your career:  

• Fully paid Pension plan and 401k with Generous Match  

• Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)  

• Subsidized Public Transportation Program  

• Tuition Assistance Program   

• Onsite Fitness & Wellness Center  

• And more  

  

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.   

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.  

  

The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, pregnancy, or military service.  

  

We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.org and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications 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 is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection 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 / 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.

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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