Company
Federal Reserve Bank of Philadelphia
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.
You will be responsible for overseeing the safety and soundness program for Third District state member banks and holding companies with total assets under $100 billion. This includes those savings and loan holding companies located in the Second District where this Reserve Bank is the responsible agency. You will be accountable for supervisory event effectiveness and efficiency, and issuance of all required deliverables. Furthermore, you will implement and ensure compliance with all Board supervisory policy and Board-issued guidance and supervisory requirements.
Additional responsibilities also include, but are not limited to, examiner hiring, onboarding, education and on-the-job training.
In addition, you will represent the Reserve Bank. You will participate in various leadership groups, including the Community Banking Organizations Management Group (CBOMG) and the Regional Banking Organizations Management Group (RBOMG), and other leadership committees and subcommittees.
What You Will Do:
Supervisory Event Oversight - Ensure all supervisory mandates and scheduled events are met. Promote, risk-driven supervisory decisions supported by collaborative critical thinking and data. Ensure, timely event execution and compliance with local and System procedures, System guidance, and timely issuance of required deliverables.
Examiner Education and Training - Ensure staff receive consistent, comprehensive training as they progress to examiner commissioning and complete the Examiner Commissioning Program (ECP). Accountable for compliance with Board-mandated examiner training requirements, local execution of the ECP. Ensure that staff is supported and coached, and provided opportunity for ongoing development.
Examination Support and Business Processes - Responsible for implementing and maintaining efficient workflows supported by automated tools, sound business processes and adequate, relevant skills. Ensure adequate controls are deployed and regular quality control reviews are completed, reviewed and any recurring weaknesses are addressed.
Supervisory Guidance and Policy - Oversight for Board-issued policy and guidance reviews, implementation of any under $100 billion-relevant new or updated business processes and tracking of all.
Resource Management - Accountable to maintain examiner resources based on portfolio demand, complexity and risk. Maintain a comprehensive hiring process that identifies qualified candidates. Ensure the onboarding process is relevant and appropriately aligned with the ECP education.
Manager Responsibilities - Act as a guide, coach and mentor for direct reports; Sets and demonstrates unit tone and culture; promote strong leadership at all levels.
Attend Exit/Board of Director Meetings - Attend meetings with senior management and attend different high-level meetings with senior management and board of directors.
Participate in Supervisory Outreach - Participate in supervisory outreach for the Reserve Bank and potentially the System. Attend meetings in District and out of District from an outreach perspective, including bankers training programs, panel discussions sponsored by banking associations, or meetings hosted by other regulatory agencies.
Drive results, change, and innovation. Build and analyze metrics to measure success.
Your team:
Team Managers : - 2 - 4 direct reports
Examiner / Central Points of Contacts : - 25 - 30 indirect reports
Total Exempt Staff : 30-35
Committees and Workgroups
System:
Community Banking Organization Management Group (CBOMG);
Regional Banking Organization Management Group (RBOMG); And Others that may be assigned.
Local:
Officers/Leadership Group
Rotate on other department committees
What You Have:
Bachelor's Degree in business related discipline or equivalent work experience.
Master's degree and a minimum of 5 years' management experience preferred.
Knowledge:
Executive level business acumen and leadership skills.
Exceptional interpersonal skills including written and verbal communication skills.
Command Skills include relishing leading and taking unpopular stands when necessary. You encourage direct and tough debate but able to end it and move on. In a crisis, others look to them for direction. Face adversity head on and are energized by tough challenges.
Developing Others and Direct Reports involves providing challenging and stretching tasks and assignments. It also includes holding frequent development discussions, being aware of each person's career goals, and constructing compelling development plans that are executed. Additionally, it requires pushing people to accept developmental moves and taking on those who need help and further development. Furthermore, it involves cooperating with the developmental system in the organization, making one a people builder.
Motivating Others - Create a climate in which people want to do their best; can motivate many kinds of direct reports and team or project members; can assess each person's hot button and use it to get the best out of him/her; pushes tasks and decisions down; empowers others; invites input from each person and shares ownership and visibility; makes each individual feel his/her work is important; is someone people like working for and with.
Talent Assessment and Insight- Is a good judge of talent; after reasonable exposure, can articulate the strengths and limitations of people inside or outside the organization; can accurately project what people are likely to do across a variety of situations.
Dealing with Ambiguity - Can effectively cope with change; can shift gears comfortably; can decide and act without having the total picture; isn't upset when things are up in the air; doesn't have to finish things before moving on; can comfortably handle risk and uncertainty.
Other Requirements:
Valid driver's license required.
Demonstrated experience leading an organization of comparable complexity and size.
Up to 25% travel required to bank locations and for other business needs.
The salary range for this position is: $167,100 -$234,200. 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.
We offer a great benefits package that features:
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 $200 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...
Additional Information:
The Federal Reserve Bank of Philadelphia takes your information privacy seriously. Federal Reserve Bank of Philadelphia staff will only email you from the "@phil.frb.org" domain or through the Workday system "rb@myworkday.com". If you are initially contacted by phone, feel free to request that the caller provide you with their email address to validate their identity. If you have any questions about the validity of someone who contacts you regarding this position, please email the Talent Acquisition team at TalentAcquisition@phil.frb.org.
We are an equal opportunity employer committed to hiring the best candidates and to providing equal employment opportunity to all persons without regard to race, color, religion, sex, pregnancy, national origin, age, genetic information, disability, military service, or any other basis protected by law.
We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment. If you need assistance or an accommodation due to a disability, please email us at TalentAcquisition@phil.frb.org.
All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the Bank's Employee Code of Conduct (https://www.philadelphiafed.org/-/media/frbp/assets/institutional/careers/Full-Code-of-Conduct-with-Appendices-A-and-B.pdf) to ensure compliance with conflict of interest rules and personal investment restrictions.
You will be required to complete a background investigation including drug testing as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be drug screened for the presence of marijuana. Any hiring decision based on a background investigation will be made following an individualized assessment that is job-related and consistent with business necessity and applicable law. Employment may not begin until the Bank accepts the results of the background investigation.
Due to the nature of the information, you will have access to, we require that you also complete a more in-depth enhanced background screening (Peraton moderate).
All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.
Applicants must be able to provide work authorization to prove their eligibility to work in the United States. An applicant for employment also must be a U.S. Citizen, U.S. National or 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 must sign a declaration of intent to become a U.S. citizen when eligible to do so and pursue a path to citizenship.
The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
By applying to this position, you agree you will be available to work on-site in a full-time capacity.
Learn more about (https://www.philadelphiafed.org/about-us) the Philly Fed and its culture. Learn more about working (https://www.philadelphiafed.org/careers) for the Philly Fed.
LI-Onsite
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Supervision Family Group
Work Shift
First (United States of America)
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.
Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday\Privacy\Notice.pdf)
