Vice President

Company

Federal Reserve Bank of BostonVice President - Human Resources

VICE PRESIDENT - HUMAN RESOURCES

ABOUT THE FEDERAL RESERVE BANK OF BOSTON

The Federal Reserve Bank of Boston is one of the 12 Federal Reserve Banks that, together with the Board of Governors in Washington, D.C. make up the Federal Reserve System. We (the “Boston Fed,” the “Bank”) serve the First Federal Reserve District that includes the six New England states: Connecticut (excluding Fairfield County), Massachusetts, Maine, New Hampshire, Rhode Island, and Vermont.

With the overarching vision of a vibrant economy that works for all, the Boston Fed promotes sound growth and financial stability in our region and the nation and helps to formulate and implement monetary policy. Our contributions to the First District and the nation are founded on high-quality research and bank supervisory activities, excellence in supporting financial services and financial markets stability, leadership in payments innovation, and an active commitment to supporting economic well-being in communities.

The Bank holds several key System roles, including leading the Financial Support Office, which directs financial management for the System, including managing the budget and related technology programs. The Bank develops and leads innovative payments programs. One example is the recently launched FedNowSM Service (“FedNow”), a real-time gross payments settlement system. The Bank also played a central leadership role in the Federal Reserve’s crisis responses during both the Great Financial Crisis (2008) and the global pandemic (2020). The Bank is a thought leader and innovator in numerous areas, including financial stability, monetary policy, and community development.

The Boston Fed employs approximately 1,300 people, based primarily in the First District, with an annual budget in 2024 of $440+ million. We are proud of our strong organizational culture, which is built on our four core values: diversity and inclusion, innovation, integrity, and leadership. We build institutional expertise and flexibility by identifying, engaging, and developing a highly trained and diverse workforce. Our inclusive work environment respects and fully values our employees’ individual strengths, including their different backgrounds, personalities, and thought processes.

We are a visible business leader in Greater Boston and throughout the First District, serving as an important business community advisor and nonpartisan convener of ideas in areas of economic and workforce development. Our President and Bank leaders are engaged with numerous organizations that support the First District community, including professional associations and nonprofit and academic boards.

ABOUT THE POSITION

As part of the Strategic Bank Services (SBS) division, Human Resources (HR) aims to attract, retain, and engage highly qualified employees who have a passion for public service through the use of targeted policies and programs. HR collaborates with Bank leadership and colleagues, as well as System colleagues on this goal and provides consultative services through its respective teams: Talent Acquisition, Compensation, Total Reward (benefits and payroll), Human Resources Business Partners, Learning and Development, People Analytics, HR Technology and Compliance. This position leads the HR function to ensure the Bank attracts, develops, and retains exceptional and diverse talent in support of a highly engaged workforce and strong Bank culture.  Working closely with the human resources management team, the VP is responsible for establishing and driving strategic objectives, providing expertise and guidance, and developing HR best practices and policies for the Bank.  Additionally, the VP of HR is expected to collaborate with HR leaders across the Federal Reserve System to ensure coordination and support of System HR programs and cross-district policies. This position is responsible for overseeing the Assistant Vice President of HR Talent Management and the Assistant Vice President of HR Technology and Operations, and together provide oversight and guidance across the full scope of HR programs, services and general administration of HR policies and best practices. This position reports to the Senior Vice President of Strategic Bank Services. All Bank officers are expected to help drive and support the Bank’s mission, strategy, and culture through active engagement in key dialogues, demonstrating intentional and inclusive leadership, and volunteering for Bank activities to serve as a role model for our employees and the communities we serve.

The scope of the role includes, but is not limited to:

• Vice President of HR is responsible for the overall direction and oversight of the Bank’s Human Resources strategy, the overall supervision of the Human Resources’ department for the Bank, as well as contributing to system committees and workgroups as needed. 
• This role has oversight for four direct reports, AVP – Talent Management, AVP – Technology & Operations, Manager of Compensation, and the Administrative Services Analyst and indirect responsibility for the full team of 32 HR Professionals across the department. 

Key responsibilities for role include but are not limited to:

• Works with the Senior Vice President and Assistant Vice Presidents to set department’s strategic direction and establish strategic goals, and annual department objectives that align with Bank strategy and are designed to drive business success and support the Bank’s employee experience, people and culture strategies and practices across the organization.
• Provides the vision and direction to ensure the Bank’s talent management strategy, employment practices and policies, and total rewards programs are competitive within the market and Federal Reserve System.
• Serves as the Senior HR Partner to the President, First Vice President and Chief Administrative Officer, and frequently engages with the Bank’s Executive Committee, Board of Directors People Committee, Management Council, and other internal groups to ensure alignment and support for people and culture strategies.
• Leads and positions the human resources function as a strategic, innovative and trusted business partner to Bank leadership and business teams across the Bank.
• Demonstrates deep subject matter expertise in HR best practices, policies and emerging trends.  Regularly monitors and proactively makes recommendations regarding Bank policy and practices to ensure that the Bank remains a competitive and attractive employer of choice.
• Serves as a champion to ensure that all people and culture programs and policies are integrated to support the Bank’s workforce and workplace.
• Represents the Bank on Federal Reserve System workgroups, along with various external organizations, that drive strategic and operational Human Resource initiatives.

EXPECTATIONS AND REQUIREMENTS
 

• Demonstrated ability to lead multiple teams or programs simultaneously; provide coaching and development opportunities to the team.
• Strong collaborator, with an ability to engage effectively with other teams and technical experts.
• Knowledge and experience normally acquired through, or equivalent to, the completion of a bachelor’s degree; master’s degree or professional certifications preferred.
• 10 or more years of experience, including at least 7 years of people management / leadership experience.

LEADERSHIP CAPABILITIES
 

• Leads with a strategic, action-oriented mindset that is focused on performance, accountability, and outcomes. Ensures accountability by holding self and others accountable to meet commitments.
• Champions an inclusive Bank work environment, working effectively within and across teams to maximize participation and build a diverse and inclusive environment.
• Drives results that are beneficial to System and local efforts (demands). Maneuvers comfortably through complex policy, process and people-related organizational and system dynamics.
• Engages in intellectual curiosity, agility, and experimentation to drive innovation. Enables a risk-taking environment and pushes thought provoking ideas.  Moves quickly to accelerate decision making, ideation and streamline processes. 
• Embraces and demonstrates a growth mindset including the new principles and practices as the future of work evolves.
• Is a role model and serves as an active talent champion, coach, mentor, and connector. Develops people to meet both their career goals and the organization’s needs.
• Builds trust and serves as a helpful and contributing colleague.

OTHER REQUIREMENTS

• Eligibility to work in the United States.
• Residency in the First District within commuting distance of the office to manage a team with a frequent on-site presence.
• Willingness to travel infrequently to primarily domestic locations.

ETHICS CONSIDERATIONS & PROHIBITED ACTIVITIES

It is indispensable to the proper functioning of, and the maintenance of public confidence in, the Federal Reserve, for the Bank and the System to function properly and maintain high public confidence. It is essential for every employee to perform their duties with honesty, integrity, and impartiality, without improper preferential treatment of any person or organization. Bank employees are subject to federal criminal statutes that prohibit financial conflicts of interest ( e.g., an employee cannot work on any matter in which they or certain employee-affiliated parties have a financial interest). In addition, the Bank’s code of conduct generally prohibits activities such as:

• Outside activities that are inconsistent with the employee’s duties and responsibilities, e.g., holding a position as a director of a publicly traded company
• Certain partisan political activities, such as fundraising or holding partisan elected office

As a condition of employment, all Federal Reserve Bank of Boston employees must comply with the Bank’s ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning financial interests – such as stocks or bonds – from banks, savings associations, and systemically important financial institutions or their affiliates, such as bank holding companies or savings and loan holding companies. If you, your spouse or domestic partner, or your minor child own such assets and would be unwilling or unable to divest them if you were to accept a job offer, you should raise this issue with our recruitment team. Applicants should review the Bank’s Employee Code of Conduct to ensure compliance with conflict-of-interest rules and personal investment restrictions.

The Federal Reserve Bank of Boston is committed to a diverse and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch lists at least once every five years.

The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities, or skills 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.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Executive

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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.

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