Federal Reserve Bank Recovery and Resolution Planning Team, Supervisory Policy and Strategy Associate - Supervision Group in New York City, New York

Area Overview:

Supervisory Policy and Strategy is primarily concentrated in the following areas: First, development of international and domestic prudential standards for financial institutions (primarily global systemically important banks (G-SIBs), insurance companies (G-SIIs), and financial market utilities (FMUs)). Second, the Function aids the Federal Reserve Bank of New York, and Federal Reserve System more broadly, through analytical work and policy development. In general, the Function’s staff is organized by policy portfolio – capital policy, accounting policy, global banking policy, resolution policy, payments and market infrastructure policy, and cybersecurity policy, and complemented by an analytical staff.

The Recovery and Resolution Policy team is responsible for developing supervisory policy and perspectives and coordinating our participation in global resolution arrangements for domestic and foreign LISCC banks, with the aim of increasing the resiliency and stability of the financial system. The team works with key stakeholders across the Bank, the Federal Reserve System, and with domestic and foreign regulatory agencies to achieve its objectives.

Job Responsibilities:

The Resolution Policy Associate’s role is to work with management and staff in the assessment of financial institution resilience and to play a role in developing policy perspectives on recovery and resolution planning, both domestically and internationally. The successful candidate will:

  • Conduct analysis of international and domestic policy issues related to banking; identify firm practices or activities that may be inconsistent with supervisory policy objectives.

  • Assist in developing recommendations on supervisory policy positions that should be advanced domestically and/or internationally or areas where supervisory policies are needed; and, propose responses to identified supervisory policy issues.

  • Participate in interagency, FRS, cross-Bank, and cross-Group efforts to develop and advance supervisory policy positions.

  • Collaborate across the FRS, Bank and Group in efforts to promote consistent interpretation and implementation of supervisory policy at supervised institutions, communicate implication of policy changes, and increase understanding of supervisory policy issues under consideration or agreed.

  • Demonstrate a good understanding of subject matter expertise around resolution policy issues, and how this expertise is applied in order to develop to workable supervisory policy responses.

    Job Requirements:

  • Bachelor’s Degree. Masters or relevant work experience in economics, business, finance, law, public policy, preferable;

  • Minimum 2-3 years of professional experience.

  • Working knowledge of financial industry / bank accounting, financial analysis, financial market instruments, advisory services, asset management, and financial risk management.

  • Strong analytical and critical thinking skills demonstrated by the ability to assimilate new information, understand complex topics, integrate data with policy concepts, and produce sound analysis.

  • Proven ability to work independently and as part of a team with all levels of staff and management.

  • Strong organizational skills and attention to detail.

  • Ability to handle multiple assignments/responsibilities simultaneously and deal with flexible work priorities, work well under pressure, and initiate and deliver high quality products in a timely, thorough, and accurate manner.

  • Excellent written and oral communication skills and the ability to synthesize complex ideas and explain them clearly.

  • Ability to value diversity of background, thoughts, and perspective and demonstrate those qualities through open-minded dialogue, even when exploring areas of disagreement.

    */This position requires access to confidential supervisory information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization, and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.

The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service./*

Organization: *Federal Reserve Bank of New York

Title: Recovery and Resolution Planning Team, Supervisory Policy and Strategy Associate - Supervision Group

Location: NY-New York City

Requisition ID: 257379