Full-Time

Benefits Plans Manager

Confirmed live in the last 24 hours

The Federal Reserve System

The Federal Reserve System

1,001-5,000 employees

Central bank managing U.S. monetary policy

Fintech
Financial Services

Senior, Expert

Newark, NJ, USA

Category
Human Resources
People & HR
Requirements
  • Bachelor's Degree or 4 years equivalent experience; Master's Degree preferred
  • Eight plus years preferred
  • Extensive experience with qualified and non-qualified benefits plans and executive benefits plans
  • Knowledgeable of governmental plans, payroll/HRIS systems and benefits recordkeeping services
Responsibilities
  • Research complex issues and respond to inquiries from service providers, stakeholders, and plan participants.
  • Responsible for developing and leading training and information sessions on benefits plans for senior executives, System HR personnel and plan participants.
  • Accountable for day-to-day operations and administration of one or more Federal Reserve System benefits plans.
  • Provide oversight and direction to team of experienced professionals involved in the administration of benefits plans and management of external vendors.
  • Focus on policy and strategy implementation.
  • Influence others outside of their own job area regarding policies, practices, and procedures.
  • Advise and educate other members of the department on various benefits topics including new benefit programs, regulatory changes and policies and procedures.
  • Mix of strategic, tactical, and transactional responsibilities.
The Federal Reserve System

The Federal Reserve System

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The Federal Reserve System serves as the central bank of the United States, playing a crucial role in shaping the nation's economy and financial stability. It formulates national monetary policy, which involves managing interest rates and money supply to promote economic growth and control inflation. The Federal Reserve also supervises and regulates banks and bank holding companies to ensure a safe and sound banking system. Additionally, it provides financial services to banks and the U.S. government, acting as a bank for banks. What sets the Federal Reserve apart from other financial institutions is its unique position as a government entity that operates independently to achieve its economic goals. The primary goal of the Federal Reserve is to foster a stable financial system and a healthy economy, ultimately benefiting the public and the global economy.

Company Stage

N/A

Total Funding

N/A

Headquarters

null, null

Founded

1913

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased focus on digital currency enhances the Fed's regulatory and innovation capabilities.
  • The rise of fintech partnerships offers modernization and improved financial inclusion opportunities.
  • Involvement in climate risk management positions the Fed as a leader in sustainable finance.

What critics are saying

  • Enforcement actions against Texas banks suggest potential systemic issues needing more oversight.
  • Interest on Excess Reserves may complicate monetary policy and inflation control.
  • Slow FedNow adoption due to outdated tech could hinder payment system modernization.

What makes The Federal Reserve System unique

  • The Federal Reserve is the central bank of the United States, a global financial leader.
  • It plays a crucial role in formulating national monetary policy and regulating banks.
  • The FedNow Service marks a significant step in modernizing the U.S. payment system.

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