Senior/Group Vice President of Supervision

Federal Reserve Bank of Philadelphia•Philadelphia, PA

2d•Onsite

About The Position

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware. This position is responsible for the efficient and effective supervision of institutions within the portfolio, as well as compliance with Board policies, guidance, and mandates. This includes responsibility for the supervision of bank holding companies, savings and loan holding companies and state member banks located within the Third District and includes savings and loan holding companies within the Second District as well. This role is responsible for the oversight of all core supervision which includes the following business units: safety and soundness examinations and off-site monitoring; information technology examinations; fiduciary examinations; enforcement; and applications. To succeed in this role, you must have strong leadership skills with the ability to understand, apply, and explain regulatory and supervisory actions. You must also have strong strategic planning skills with the ability to implement the department and Reserve Banks’ strategic vision, as well as demonstrate the ability to motivate and lead diverse groups and develop future leaders. This posting is a dual grade posting. Candidates who have a slightly lower level of experience, education, or qualifications may also be considered. The salary range for this position is: $249,500 - $359,500. Final salary and offer will be determined by the applicant's background, experience and skills, as well as internal equity and alignment with market data.

Requirements

Bachelor’s degree in business related discipline.
The position requires executive level business acumen and leadership skills and a demonstrated ability to lead a multi-functional, complex organization.
In addition, the person should be strong in the following established leadership competencies: Managing Vision and Purpose, Strategic Agility, Perspective, Dealing with Ambiguity.

Nice To Haves

Master’s degree and a minimum of 10 years’ experience preferred.
Prior experience in the financial services industry or bank supervision preferred.
Demonstrated leadership experience in a Reserve Bank, System, or industry level.
Knowledge and understanding of banking supervision is a plus.

Responsibilities

Bank examinations and holding company inspections - responsible for all Third District supervisory events. Ensure that all events are conducted in a timely manner, meeting all Board of Governors’ (Board) mandates. Ensure that supervisory decisions are appropriate and in accordance with Board guidance. Responsible for effective and timely communication with supervised institutions regarding examination and inspection results and enforcement actions.
Regulatory applications - provide oversight for the regulatory applications function. Ensure that decisions regarding regulatory applications are appropriate, consistent with Board guidance, and handled in a timely manner. Participate in updates and discussion of supervisory matters with the Bank’s senior management and Directors as appropriate in cooperation with the Officer in Charge.
Staff hiring and development - responsible for talent management functions within the core supervision function. Ensure that staff progress through the System training program from onboarding to commissioning in a timely manner. Oversee resource management in core supervision to ensure an appropriate pool of qualified staff is available to conduct supervisory activities.
Management development - ensure direct reports demonstrate effective leadership behaviors. Provide development opportunities and timely feedback to support behaviors consistent with SRC and the Reserve Bank’s leadership competencies.
System contributions - participate as a leader and member on committees that support System initiatives. On an ongoing basis, identify opportunities to leverage our Reserve Bank’s skills and talent at the System level.
Outreach with external stakeholders – represent the Bank in supervisory dialogue with external constituents including serving as a subject matter expert at industry conferences and other forums. Partner with Corporate Affairs and other teams to represent the Bank in initiatives designed to foster engagement with Third District stakeholders.
Perform other duties as delegated or in a contingency scenario on behalf of the Officer in Charge.
Committees and Workgroups: Collaborate with other Senior officers as needed to provide input to enterprise planning and decision making. This individual is a member of the SRC Senior Leadership Team, which sets strategic direction and high-priority objectives for the SRC department and provides oversight and guidance to standing committees. Participation in System management groups and committees as either a member or in a leadership role may be required.

Benefits

Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period
401k/Thrift Plan with generous employer match
Employer-funded Pension Plan
Paid Vacation/Sick Time & Holidays
Monthly $120 Commuter Allowance
Flexible Spending Accounts and Healthcare Spending Accounts
Flexible Work Schedule available in most departments
Life Insurance and Long Term Disability Insurance
Tuition Reimbursement (undergraduate and graduate)
Parental Leave
Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities
Onsite Cafeteria & Coffee Shop
Additional Convenience Benefits, Discounts and More…