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Board of Governors of the Federal Reserve System

<div><div>Deputy Director, Financial Research, Risk &amp; Applications Group - Division of Supervision and Regulation
Summary: 
Reporting to the division director, Division of Supervision and Regulation, the deputy director, Financial Research, Risk &amp; Applications Group, leads the provision of analytical services for S&amp;R and provides executive direction for the following activities: stress testing, risk identification analysis and monitoring, policy research and analytics, and mergers and acquisitions applications. The deputy director ensures these activities are efficient, effective, fair, transparent, and publicly accountable. This position serves as a senior leader in the organization and member of the Vice Chair for Supervision&rsquo;s leadership team.
This position is located in Washington, DC.<div>
Principal Duties and Responsibilities: 
The deputy director will: 
<ul><li>Set the strategy and objectives for the Financial Research, Risk and Applications Group;</li><li>Oversee the development of economic analysis and other services to the Supervision and Regulation &amp; Policy Groups;</li><li>Oversee the development of the rationale and calibration of regulations and related quantitative impact analyses;</li><li>Oversee stress testing and quantitative analyses of the resilience of banks to various risks and shocks;</li><li>Support Basel workstreams, bank examinations, CCAR and those that rely on quantitative models;</li><li>Oversee the development of cost-benefit analysis on regulations and conduct competitive and systemic risk analyses of bank mergers;</li><li>Oversee the mergers &amp; acquisitions applications related to supervised firms;</li><li>Ensure key risks and firm specific issues across all supervisory portfolios are appropriately escalated to the Division Director and Vice Chair for Supervision.</li><li>Proactively work across S&amp;R Groups, Reserve Banks, and with other Board Divisions to share information, collaborate, and break down silos to ensure supervision is operating efficiently and effectively as possible.</li><li>May be assigned additional duties not listed.</li></ul></div><div>
Minimum Qualifications: 
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 
<ul><li>Bachelor&rsquo;s degree in business administration, accounting, economics, or similar area, or equivalent experience.</li><li>Fifteen or more years of demonstrated experience in the fields of public administration, public policy, finance, economics, or related field, or comparable role.</li><li>At least 10 years of previous management experience required. Demonstrated expertise in leading people, including setting strategy, establishing aligned performance expectations, providing clear and actionable feedback, and developing people. Ability to lead and manage staff and projects effectively, set priorities, assess objectives, and make budgetary recommendations. (Please notate on your resume team size and direct report titles for each position.)</li></ul></div><div>
This position serves as a senior leader in the organization and member of the Supervision Function leadership team. S&amp;R expects leaders to demonstrate values and judgment in accordance with operating principles that emphasize transparency, accountability, efficiency, team-oriented, moving at pace, and amplifying exceptional talent. The deputy director should have following skills, knowledge, and attributes: 
<ul><li>Demonstrated expertise in leading people, including setting strategy, establishing aligned performance expectations, providing clear and actionable feedback, and developing people.</li><li>Demonstrated expertise and leadership experience in the supervision of depository institutions and depository institution holding companies, and foreign banks and regulation with operations in the United States.</li><li>Knowledge of major Federal Reserve supervisory and regulatory initiatives.</li><li>Exceptional judgment, interpersonal savvy.</li><li>Ability to collaborate effectively with senior Board and Reserve Bank colleagues.</li></ul></div>
Tier 5 background investigation and Top Secret with SCI security clearance required.
Knowledge, Skills and Abilities: 
Strategic thinker with demonstrated strong project execution and project management capabilities, analytical skills, political savvy, and conflict mediation skills. 
Demonstrated experience and commitment to fostering collaboration and employee engagement. 
Ability to lead and manage staff and projects effectively, set priorities, assess performance, guide staff development and make budgetary recommendations. 
Ability to balance competing interests among a variety of stakeholders and readily readjust priorities to respond to pressing and changing stakeholder demands. Must be able to anticipate and meet the stakeholders&rsquo; needs while maintaining high-quality end products. 
Exceptional organization savvy and agility as demonstrated by ability to manage across organizational boundaries, building high performing teams, diminishing organizational silos, strengthening teams, and facilitating effective group and team dynamics. 
Requires the ability to communicate effectively, both orally and in writing, with all levels of staff and management.
Stakeholder Contacts: 
Has regular contact with all staff in the function(s) to stay connected to the pulse of the division, provide leadership, and act as a role model. 
Has frequent contact with senior staff and other professionals in the division, elsewhere at the Board, and the Reserve Banks regarding matters pertaining to area(s) of responsibility. 
Has frequent contact with members of the Board, both in discussions and through memoranda, regarding matters pertaining to area(s) of responsibility. 
Has frequent contact with individuals from other federal agencies, international organizations, and in the private sector regarding the subject matters in area(s) of responsibilities.
Board Competencies: 
Decision Quality: Makes timely, thoughtful, strategic decisions 
Learning Agility: Takes responsibility for building organizational agility 
Drive for Excellence: Delivers results by developing shared vision and direction for the organization 
Perspective and Strategic Agility: Leads and acts with the future in mind 
Collaborative Relationships: Sets the tone for collaborative organization 
Effective Communication: Effectively speaks and acts on behalf of the Board
Officer and Internal Management Responsibilities: 
Acts as responsible steward to the function(s), Division, and Board by demonstrating proficiency in the Board&rsquo;s espoused competencies. 
Balances and mitigates key organizational and functional risks where appropriate and develops and executes sustainable risk mitigation strategies. 
Fosters a continuous learning culture. 
Exercises appropriate judgment and decision-making in complex situations. 
Demonstrates innovation and thought leadership relevant to future-state organizational and functional people strategies. 
Demonstrates strong leadership and management skills aligned to the Board&rsquo;s espoused values. 
Keeps skills and knowledge current and aligned to best practices relative to key rules, regulations, and policies, as well as economic, political, and social trends that affect the organization. Understands near-term and long-term needs for the organization and determines how operations should be positioned to meet such needs. 
Demonstrates proficiency in political savvy, organizational savvy, and interpersonal communication skills. 
Provides guidance, coaching, and feedback to, and conducts performance reviews for managers and other direct reports and ensures same is provided to all function staff. 
Responsible for accomplishing approved program objectives for area(s) of responsibility within the financial and personnel resources allocated by the Board and the division's senior management. 
Participates in the development of the division&rsquo;s strategic plan, goals, and budget. Recommends program objectives and their priorities for area(s) of responsibility. 
Recommends personnel actions involving promotions, reclassifications, merit increases, and reassignments or separations in area(s) of responsibility.
Position Demands: 
Ability to exercise independent and sound judgment in establishing objectives for assigned area(s) of responsibility that provide support and services for the divisions and Board&rsquo;s missions. 
Ability to translate customer service and organizational development theories and best practices into effective strategies for adoption in area(s) of responsibility to achieve and maintain high levels of customer service. 
Ability to communicate effectively, both orally and in writing, to the Board and individual members thereof, senior Board staff, other Board and Reserve Bank staff: and staff at other government agencies and in the private sector on complex and technical matters. 
Ability to be an effective spokesperson and advocate for the Board and the division in outside contacts, which may involve significant business dealings. 
Ability to operate under pressure to meet deadlines accurately and in a timely manner.</div><div>
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment on the basis of race, color, religion, sex, pregnancy, national origin, age, disability, genetic information, or application, membership, or service in the uniformed services.</div></div>

Deputy Director, Financial Research, Risk & Applications Group - Division of Supervision and Regulation

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Deputy Director, Financial Research, Risk & Applications Group - Division of Supervision and Regulation