Associate Director, Operational Risk and Resilience - Division of Supervision and Regulation - R024869

Primary Location : DC-Washington

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Employee Status : Regular

Overtime Status : Exempt

Job Type : Standard

Work Shift: : 1st Shift

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Relocation Provided: : Yes

Compensation Grade Low: : FR PAY GRADE D2

Compensation Grade High: : FR PAY GRADE D2

Minimum Salary: : $255,400.00

Maximum Salary: : $314,270.00

Posting Date : Nov 25, 2024

Summary
The mission of the Division of Supervision and Regulation (S&R) is to promote a safe, sound and efficient banking and financial system and a fair and transparent consumer financial services market that supports the growth and stability of the U.S. economy. The Federal Reserve Board and the Reserve Banks (collectively, the System), strives for a resilient and well-managed financial system that fairly meets the needs of consumers and businesses.
Reporting to the senior associate director of Cross Portfolio Supervision, the associate director has leadership and oversight responsibility for the Operational Risk and Resilience function, which is comprised of three sections in the Supervision group. The associate director manages people leaders and administers the division’s responsibilities related to sector coordination and exercises, incident preparedness and response, and System operational risk and resilience supervision. 
Principal Duties and Responsibilities:
•    Oversees the management, development and implementation of a Supervision & Regulation (S&R) strategy and associated planning for sector coordination and exercises, incident preparedness and response, and operational risk and resilience supervision.  
•    Directs and oversees all S&R internal and external coordination on cyber and operational resilience topics, including through supporting the Board’s participation in the Financial and Banking Information Infrastructure Committee (FBIIC) and G-7 committees.
•    Initiates, develops and maintains ongoing relationships within the financial sector, as well as with other supervisory authorities, both domestic and foreign, to facilitate the effective supervision and regulation of financial activities of strategic importance to the Board.
•    Serves as liaison between staff and the senior associate director, and deputy director on matters related to the associate director’s area of responsibility.
•    Leads Systemwide efforts related to incident preparedness and response and operational resilience.
•    Coordinates S&R’s Systemwide response to cyber and operational disruptions at supervised institutions 
•    Leads S&R’s role in the Federal Reserve’s crisis management for operational incidents that have broader implications.
•    Develops and delivers formal and informal presentations on sector coordination and exercises, incident preparedness and response and operational risk and resilience supervision to senior Federal Reserve officials.
•    Co-chairs the System Operational Resilience Executive Committee
•    This position will require the successful completion of a Board Tier 5 background investigation
•    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.
- Bachelor’s degree in economics, finance, information security, public policy or a related field or equivalent experience. Advanced degree or equivalent experience preferred. 
- 12 years of experience of which five or more years of combined experience in one or more of the following fields: federal agency financial sector coordination, supervision of banks or financial market utilities, payment systems, financial institution risk management, crisis response and management, or associated policy and policy planning.
- Seven or more years of experience in leading people, including setting strategy, establishing aligned performance expectations, providing clear and actionable feedback, and developing people. (Please notate on your resume team size and direct report titles for each position.)
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 clients and readily readjust priorities to respond to pressing and changing client demands.  Must be able to anticipate and meet the clients’ 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.