Head of Business Risk Advisory & Support 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 as needed for meetings and team collaboration and should live within a commutable distance.

What we do:   

The Risk Group's Mission is to help the Bank achieve its strategic objectives through value-added independent and integrated risk assessments, independent risk oversight, and by providing advice, insight, and tools that enhance resilience and improve business outcomes.  

 

The Business Risk Advisory & Support (BRA&S) function aligns closely with business stakeholders as a strategic partner to proactively address and mitigate potential risks to the Bank. The team accomplishes this by providing strategic guidance and expertise through value-added risk frameworks, tools, processes, training and advisory services to businesses leaders and departments, as well as risk reporting to key stakeholders.  

 

We are seeking a dynamic leader as the Head of the Business Risk Advisory & Support team and invite you to apply if you are passionate about making a meaningful impact in risk management and thrive in a leadership role. In this role you will report to the Chief Risk Officer and inspire, mentor, and develop a team of 11 Risk professionals responsible for Controls Assurance, Business Risk Coverage, Risk Products Development, Issue Management, and Risk Metrics, ensuring full alignment with the Bank’s strategic priorities to Simplify, Innovate, and Lead.  

 

Your role as Head of Business Risk Advisory & Support:  

• Lead, develop, and inspire a team to build strong business partnerships through practical and data-driven risk management approaches; foster a culture of continuous learning and passion for risk management. 




• Strategically partner with business stakeholders and lead the team to understand the business’s unique risk profiles and provide tailored advice to mitigate potential risks. 




• Drive the development of innovative risk management solutions to address emerging challenges and opportunities for the Bank. 




• Build on the Bank’s culture of collaboration, diversity and inclusion, and public service in providing an environment that allows employees to grow while being their authentic selves. 

• Build relationships and influence at all levels across the Bank, the Federal Reserve System, and other organizations. 




• Demonstrate and promote diversity, equity, and inclusion in the workplace. 

 

What we are looking for:

• Broad leadership background with a track record of successful leadership driving results and proactively managing change in dynamic organizational, technological operating environments, ideally with a mission-driven focus. 

• Strong knowledge of risk management frameworks with a practical approach to risk management. 




• Outstanding people manager with inspirational leadership skills and a proven ability to coach, lead, and develop others to achieve their professional best while fostering an inclusive culture. 




• Demonstrated passion and genuine enthusiasm for the field of risk management. 




• Strong knowledge of industry trends and best practices, and a keen understanding of the broader business environment. 




• Exceptional collaboration and influencing skills with the ability to gather support for business initiatives and strategies across multiple partners with diverse or different interests. 

Application Deadline: Friday, February 2nd 2024. 

Applicants are kindly requested to include a letter of interest along with their application. 

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. 

 

Salary Range: $325000-$375000 / 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.

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




• Executive Benefits




• And 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.  

This position requires possession of or the ability to obtain and maintain national security clearance, which requires U.S. citizenship. In addition, all candidates must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana. 

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.rtw.accommodation@ny.frb.org and we’ll be glad to help. 

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

Risk 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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