24 days old

Dedicated Supervisory Team (DST) Capital Program Lead

Federal Reserve Bank (FRB)
New York, NY 10007
  • Job Code
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. It is a challenge that demands the skills of a financial service professional and the intelligence of an academic-all combined with a passion for public service.

What we do:
The Large Institution Supervision Coordinating Committee (LISCC) is responsible for an effective continuous risk-focused supervisory program for the most complex financial institutions currently subject to the Federal Reserve Systems' oversight. This includes an understanding of and assessment of the firm's risk profile, governance structure, and strategy with the expressed goal of identifying institutional-specific and horizontal/systemic areas of concern. Its primary objective is to maintain safe and competitive U.S. and global banking systems.

Your role as DST Capital Program Lead:

  • Develop and communicate a clear and multi-year vision for firm-specific Capital supervisory activities.
  • Develop the analysis and support for the annual assessment of the DST-owned pieces of the Capital Program.
  • Manage and lead a team of examiners by providing mentoring, coaching and feedback.
  • Contribute to cross-firm perspectives in conjunction with peer Capital Leads, national risk teams and in collaboration with the Monitoring and Analysis Program (MAP).
  • Lead and/or participate in internal vetting(s) of the Capital rating.
  • CCAR: The DST Capital Lead will lead execution of the firm-specific components of the OC-approved Capital programs.
  • Draft supervisory feedback at the conclusion of CCAR, including coordination with the Letter Oversight Group (LOG).
  • Conduct specific examinations to address knowledge gaps, areas scoped out or not reviewed in depth in previous year's annual CCAR examination, or areas that have undergone remediation and are ready for review, etc.
  • The DST Capital Lead will lead and facilitate the DST's annual capital planning and position rating assessment (Capital rating).
  • Monitor the financial performance of the LISCC firm,
  • Identify the main drivers of financial performance, its resilience to risk taking activities, and ability to remain well capitalized under benign and severe stress environments.
  • Present to the Capital Steering Committee recommended messages, and key divergent views, to the OC for final approval.
  • Draft the capital sections in the Annual Assessment letter based on the totality of related supervisory work conducted throughout the year.
  • Financial risks: Capital Program includes assessments of risk management and controls of financial risk (i.e., credit, market, counterparty, and interest rate). Select risk management and control functions will be examined on a three-year cycle while others will be examined on an as-needed basis.
  • Assist the DST Lead/Deputy and work with the Capital PLG in development of supervisory plan to include capital planning process-specific objectives.
  • In addition to informing the Capital rating, the financial risk management and control assessments conducted under the Capital Program are used as inputs to the governance and controls rating (GC rating). The DST Capital Lead is responsible for working with the DST Lead/Deputy to facilitate that process.
  • Coordination with MAP: The DST Capital Lead will assist the Monitoring and Analysis Program (MAP) in conducting monitoring across a range of performance and business areas at the firm, and help implement a forward-looking risk identification framework that addresses emerging risks for the financial system and financial stability.
  • Coordination with G&C: The DST Capital Lead will coordinate with DST G&C Team on areas of intersection between the programs. This can include areas such as Model Risk Management, Data Quality/Controls, Booking Models and certain examinations, such as Business Line reviews (MBLs).
What we are looking for:
  • Years of experience: 10+ years of supervisory and/or industry experience, including 3+ years of recent and experience dealing with bank capitalization, business performance monitoring, stress testing, or risk/return analytic issues.
  • Educational certifications: Bachelor's degree in a related field, such as finance, economics, or a quantitative discipline. CFA, CPA, FRM and EIC Commissioning designations preferred.
  • Experience leading and coaching a team, experience with management and providing feedback and career coaching
  • Technical knowledge or experience in investment banking, sales and trading, asset and wealth management. desirable.
  • Familiarity with relevant supervisory standards on stress testing and capital management practices at large financial institutions such as SR 15-18.
  • Familiarity with risk management in credit risk, counterparty credit risk, market risk, or financial planning and analysis.

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
  • Flexible Work Arrangements
  • And more

Please note that the position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements.

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, or military service.

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.

Posted: 2021-04-17 Expires: 2021-05-16
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Dedicated Supervisory Team (DST) Capital Program Lead

Federal Reserve Bank (FRB)
New York, NY 10007

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