Division Director

Division Director, Division of Supervision and Regulation

Summary:

The division director, Division of Supervision & Regulation, ensures the division and Supervision function is efficient, effective, fair, transparent and publicly accountable. The director is accountable for setting strategic direction for the division, executing supervisory programs, overseeing the development and implementation of regulatory policy, providing leadership to a large and highly specialized workforce, and ensuring resources are effectively aligned to the highest priority risks and initiatives. The Director is a member of the Vice Chair for Supervision's leadership team and Board's executive committee. The Director actively manages the entire division portfolio – providing leadership, vision, expertise, and maintaining a strong accountability system to ensure that the division is executing to its highest potential in support of the identified priorities and objectives. The Director is expected to delegate and empower their leadership team, consisting of the deputy directors for each S&R group in successfully achieving these priorities and objectives.

This position is located in Washington, DC.

Principal Duties and Responsibilities:

The division director, Division of Supervision and Regulation will:

• Oversee supervisory and regulatory policies, programs and operations, including the oversight of multiple officers who manage the supervision of financial institutions, policy development and the Federal Reserve System's critical risk monitoring activities. This role directly supports the Board's statutory mandates, public confidence in the financial system, and the nation's economic stability.
• Provide professional judgment to the Board on analytical and policy issues relating to supervisory and regulatory matters.
• Represent the division in critical internal and external engagements.
• Coordinate and direct the work of the division. Responsible for the quantity, quality, and timeliness of the output of the division, including its effectiveness in addressing the Board's current and prospective policy and regulatory concerns.
• Work closely with other divisions of the Board and with the Federal Reserve Banks on regulatory and supervisory matters.
• Coordinate relationships between the Board and other financial regulatory agencies, on interagency and Board initiatives, advisory groups, and task forces, as appropriate, in a manner that advances the Board and S&R's broader objectives and mission.
• Represent the Federal Reserve and support the Vice Chair for Supervision in applicable industry, domestic regulatory, and international engagements.
• Serve on Board management committees, including the Executive Committee.
• Assist the Chair, Vice Chair for Supervision and the Board members in arriving at positions on current supervisory and regulatory matters and in preparing speeches, testimony, and correspondence on such issues.
• Proactively work across S&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.
• May be assigned additional duties not listed.

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.

• Law Degree and Bar Membership.
• Fifteen or more years of demonstrated experience in the field of law, public administration, public policy, finance, economics, or related field, or comparable role.
• 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.)

This position serves as a senior leader in the organization and member of the Supervision Function leadership team. S&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 division director should have following skills, knowledge, and attributes:

• Demonstrated expertise in leading people, including setting strategy, establishing aligned performance expectations, providing clear and actionable feedback, and developing people.
• 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.
• Knowledge of major Federal Reserve supervisory and regulatory initiatives.
• Exceptional judgment, interpersonal savvy.
• Ability to collaborate effectively with senior Board and Reserve Bank colleagues.

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' 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'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'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'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'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.

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.