Full-Time

AVP / Cpc – Lbo

Pnc

Posted on 11/21/2024

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

H1B Sponsorship Available

Cleveland, OH, USA + 2 more

More locations: Pittsburgh, PA, USA | Cincinnati, OH, USA

Must be willing to travel by car/air up to 10% of the time if living in Pittsburgh, PA area or up to 40% if residing in other communities within Federal Reserve System’s Fourth District. Hybrid work arrangements available.

US Citizenship Required

Category
Risk Management
Finance & Banking
Requirements
  • Commissioned Examiner of Federal or State banking regulatory agencies.
  • Bachelor’s degree in business management, accounting, finance, economics or related fields. Master’s degree preferred.
  • A minimum of 5 years of experience with Federal Reserve System’s Large Financial Institution supervisory program.
  • A minimum of 10 years of related work experience in financial services or other relevant specialty at a large complex financial institution.
  • Leadership experience in directing the work of others through direct reporting relationships, matrix management, or through projects and indirect work assignments.
  • Knowledge of regulations, guidance, procedures, and practices applicable to firms over $100 billion total consolidated assets.
  • Knowledge of large banking organization finances, strategy, operations, and risk management practices.
  • Strong written and verbal communication skills and ability to communicate complex matters in a clear and concise manner.
  • Strong interpersonal and negotiating skills that will enable the individual to build and maintain effective working relationships with internal and external stakeholders.
  • Strong leadership and talent management skills, including the ability to attract and hire top talent, facilitate engagement amongst staff, focus on individual and team development, and build a strong team culture.
  • Strong ability to establish accountability and drive results, build and maintain effective teams, and operate in a collaborative environment.
  • Strong ability to adapt to evolving environments, effectively manage complexity, ambiguity, and conflicting priorities/multiple tasks, and provide sound and timely decisions.
  • Advanced knowledge of regulations, guidance, procedures and practices applicable to firms overs $100 billion total consolidated assets.
Responsibilities
  • Demonstrates sound supervisory judgment and proficiency to develop and implement an effective supervisory plan that focuses on assessments of operational and financial resiliency.
  • Demonstrates learning agility and ability to effectively manage through ambiguity when faced with new/evolving supervisory topics and regulations or supervisory issues/situations that do not have clear solutions or outcomes.
  • Ensures timely identification and communication of firm-specific and macro-prudential supervisory risks and issues, including for broad and highly complex subjects such as capital planning, liquidity, cybersecurity, model risk management, and corporate governance.
  • Coordinates supervisory activities with Federal Reserve System horizontal reviews and other regulators, as appropriate.
  • Establishes and maintains strong lines of communication with a variety of internal and external stakeholders.
  • Maintains knowledge of emerging issues, trends, banking and economic conditions, and ongoing developments in the large bank supervision community, as well as a strong understanding of industry risk management practices.
  • Manages a core team of examiners assigned to the supervision of the firm.
  • Attracts, develops, and retains professional staff with diverse capabilities and backgrounds, and develops successors for key roles.
  • Leads or provides significant influence on System, Reserve Bank, or functional initiatives, committees, and projects.
  • Performs other duties as assigned or requested.
The Federal Reserve System

The Federal Reserve System

View

The Federal Reserve System serves as the central bank of the United States, playing a crucial role in shaping the nation's economy and ensuring 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 maintain 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 healthy economy and a stable financial system, which ultimately benefits the public.

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

  • FedNow system enhances operational efficiency and customer satisfaction.
  • Successful 2024 bank stress tests bolster confidence in regulatory frameworks.
  • Proactive regulatory enforcement enhances reputation as a regulatory authority.

What critics are saying

  • Increased regulatory scrutiny may affect reputation and operational focus.
  • Basel III Endgame may lead to pushback from financial institutions.
  • Slow FedNow adoption could hinder payment ecosystem modernization.

What makes The Federal Reserve System unique

  • The Federal Reserve is the central bank of the United States.
  • It plays a crucial role in formulating national monetary policy.
  • The Fed supervises and regulates banks and bank holding companies.

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