Vice President Large Financial Institution Supervision
7 days ago
Vice PresidentThe Large Financial Institution Supervision (LFIS) unit of the Supervision, Regulation & Credit (SRC) Department has an immediate opening for a Vice President within the Large Financial Institution Supervision Portfolio Group (LFIS-PG). This position is responsible for overseeing day-to-day operations and talent management across the LFIS-PG, including oversight of financial and technology risk specialists who support both local and System supervisory activities.This position is considered an officer level role, requiring capabilities, experiences, and skills commensurate with leading a diverse group of managers and individual contributors; interacts with peers throughout the System; serves on System Supervision committees; periodically leads or serves on System projects; and influences internal and external parties. This position reports directly to the Senior Vice President of the LFIS-PG unit, and is responsible for supervising four senior managers within the group.What You Will Do:Oversee strategic business initiatives, from development through successful execution, driving operational excellence, and ensuring alignment with SRC's broader strategic vision.Provide thought leadership on the supervision of financial and technology risk ensuring alignment with System Supervision Operating Principles.Attract and develop the best talent in the System by developing strategies to ensure that the team maintains the latest knowledge and experience on emerging financial and technology risks relating to the financial industry and the regulatory firms in the district and System portfolio.Partner with Board and System senior leadership to allocate and prioritize staffing resources to the highest risk areas.Partner with Board and System senior leadership to drive enhanced programs and participate on key System committees that influence financial and technology supervision policy and other efforts.Leverage our distinct portfolio of supervised financial institutions and unique Bank partnerships to develop views on governance/oversight processes and practices that improve supervised firms' ability to manage financial and technology risk (across all portfolios).Support System partners with the development of performance metrics that ensure accountability to any service level agreements that govern national programs and to take a data-driven approach to decision-making.Serve as LFIS-PG's primary point of contact with Fifth District business partners, including human resources, applications/enforcement, legal, and communications.Qualifications:Bachelor's degree in finance, Information Technology, Economics, Business, Management, or related fieldMinimum of 15 years of regulatory or industry experience and a minimum of 7 years of large bank experienceSignificant leadership experience (minimum of 7-10 years) in management; significant experience leading multiple, large, cross-functional teams in complex environments (virtual, remote, multi-site, etc.)Proven thought leader that has demonstrated the ability to provide vision and influence to create a significant following; demonstrated ability to deliver on significant transformational results in financial industryAbility to manage complex and sensitive issues with colleagues and key stakeholdersExcellent communication skills with the ability to provide clear and concise information and/or instruction to key stakeholdersExceptional judgement and decision-making skillsAdvanced level knowledge of financial and technology related risks applicable to financial institutions preferredExaminer commission and credentials required (or willingness to complete) preferredMust be willing to travel when conditions permitDiscover the Reason Why So Many People Love It HereWhen you join the Richmond Fed, not only will you find a challenging and purposeful career, you'll also have access to a wide range of benefits and perks that support your health and wealth, including:Great medical benefitsPension and 401(k) with employer matchPaid time offTuition reimbursementPaid volunteer leaveOnsite amenities that make working here funOther Requirements and Considerations:Candidates should review the Bank's Employee Code of Conduct to ensure compliance with conflict-of-interest rules and personal investment restrictions.If you need assistance or an accommodation due to a disability, please notify rich.recruit@rich.frb.org.This 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 not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.All candidates must undergo an enhanced background check and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.Under Conflict of Interest guidelines administered by the Board of Governors of the Federal Reserve System, examining personnel may not participate on an examination of a financial institution or affiliate if the examiner was employed by the financial institution or affiliate within the past 12 months.Please review the Bank's Employee Code of Conduct to ensure there are no major issues related to your previous employment and current financial interests (relevant sections are 5.3 and Appendix B, Parts I, II and III). FRB ethics rules generally prohibit employees and their immediate families from owning investments in banks, savings associations, or their holding companies (Section 5.3). Additionally, employees engaged in Supervision and Regulation may be subject to borrowing and deposit restrictions. These employees may need to recuse themselves from certain supervisory work based on:Their borrowing relationships (Appendix B Parts I.1, II.1 and II.2)If a financial institution employs a member of the employee's immediate family (i.e. spouse, child, parent, or sibling) (Appendix B Part I.3 and Part II.3)If the individual was employed by the financial institution or affiliate within the past 12 months (Appendix B Part I.3 and II.3).In certain cases, the recusal may be so extensive it could materially reduce the effectiveness of the prospective employee's job responsibilities.The hiring range of this position is $222,600 $278,300 annually. Salary offered will be based on the job responsibilities and the individual's knowledge, skills, and experience as defined in the job qualifications. Interested candidates are strongly encouraged to apply by 12/06/2025. Applications are reviewed on a rolling basis.
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