Assistant Director, LISCC Recovery and Resolution Preparedness (RRP) Program - Division of Supervision & Regulation - 22943

  • Federal Reserve Board
  • Washington, DC
  • Mar 21, 2022
Full time Database Information Security Security

Job Description

Reporting to the senior associate director of LISCC, the assistant director serves as the co-chair for the Large Institution Supervisory Coordinating Committee (LISCC) Recovery and Resolution Preparedness (RRP) Program. The RRP Program, which the assistant director leads, is focused on the LISCC firms’ preparedness to recover from a deep stress or enter into a resolution, and, in turn, the Federal Reserve’s responsibilities should that occur. The review of preparedness is achieved through staff assessments of firms’ capabilities as well as the development of the Federal Reserve’s own analytical and operational preparation for a LISCC firm that is in deep stress or needs to be resolved. In addition, domestic and international regulatory coordination is a centerpiece of RRP because of the complexity of operations and cross-border presence of the LISCC firms.

Duties for this role include the following:
1.    In collaboration with the other Co-Chair, oversees the RRP Program Leadership Group (PLG) on all internal and international work, and horizonal and firm-specific examination, monitoring, and remediation work in the RRP.
a.    Develops a long-term strategic plan, including staffing and succession planning for the program
b.    As part of the annual supervisory planning process:
i.    Oversees RRP inputs into the supervisory planning process
ii.    Oversees the review and approval of LISCC program-wide baseline monitoring plans
iii.    Oversees the development of an annual supervisory plan for the RRP Program
iv.    Leads vetting and Steering Committee meetings
v.    Approves validation of all remediation and any supervisory messages sent from the RRP Program
c.    Provides performance feedback to all PLG Co-Leads and ensure feedback is provided to all members and other program participants on the schedule and in the format required by their local Federal Reserve (FR) entities
d.    Recommends response to principals on Title I plan review findings and communication
e.    Responds to the LISCC Program principals' requests for information and briefings
2.    As appropriate, represents the Board of Governors in international and cross-border recovery and resolution forums
a.    Engages with senior leaders at the Federal Deposit Insurance Corporation (FDIC) regarding coordination of Title I work, staff recommendations to each agencies’ board, and messaging to firms and the public
b.    Represents or actively engages with representatives of the Federal Reserve System (FRS) in international and cross-border recovery and resolution forums including
i.    Trilateral Principal Level Exercise
ii.    Crisis Management Groups
iii.    Financial Stability Board Resolution Group
3.    Supports the building of bilateral relationships with peer supervisors regarding recovery and resolution preparedness
a.    Within LISCC, across horizontal programs and Dedicated Supervisory Teams (DST)
b.    Domestically, including the FDIC, Office of the Comptroller of the Currency (OCC), Commodity Futures Trading Commission (CFTC), and the U.S. Treasury Department
c.    Internationally, including the Bank of England, the European Central Bank, and Swiss Financial Market Supervisory Authority (FINMA)
4.    Provides leadership to the Board LISCC Section, LISCC function and the Supervision and Regulation division
i.    Contributes to strategy development and execution, workforce planning activities, and operational initiatives
ii.    Completes cross section, division and board projects as assigned
5.    Must be able to travel domestically and internationally to meet the expectations noted above, up to 20 percent in any given quarter, within Board guidelines.
6.    This position will require successful completion of a Board Tier 4 background investigation.

Demonstrated expertise and leadership experience in the expectations of S&R officers:

•    Actively contribute to leadership of the Division as a whole and in a manner that has positive impact with respect to tone and substance beyond the specific program or sections for which we are responsible—help, guide, influence, impact, and work beyond your particular scope/focus;
•    Create an environment that seeks divergent views, fosters diversity, equity and inclusion, and perspectives to promote constant process improvement;
•    Lead and support the professional growth of all employees and help develop next-generation leaders;
•    Leverage diverse talents and positively impact culture and staff engagement;
•    Coordinate with and maintain strong working relationships with numerous stakeholders, including Board staff, Reserve Bank management, and colleagues at other supervisory agencies;
•    Achieve results in ambiguous situations by being adaptive and resilient, holding people accountable for agreed-upon results, managing for performance, and demonstrating professionalism and thoroughness by moving issues and projects to closure;
•    Work on complex issues where analysis of situations and data requires an in-depth evaluation of variable factors;
•    Leverage personal credibility, background, experience, and judgment to be influential with internal and external audiences;  
•    Be able to demonstrate strong project management and execution capabilities, analytical skills, political savvy, and conflict mediation skills;
•    Manage all realms of performance effectively by setting clear expectations, assessing and differentiating performance, providing candid, continuous, two-way conversations with relevant feedback, and recognizing achievements.

Position requires location in Washington, DC office once remote work period is complete.
This position will require the successful completion of a Board Tier 4 background investigation.

1)    Degree in Finance, Accounting, Business Administration or related field or equivalent experience.
2)    Five or more years of supervision and regulation experience, banking experience, or legal regulatory experience.
3)    Five or more years of experience managing a complex multi-layered organization, including matrixed relationships.  Includes establishing aligned performance expectations, providing clear and actionable feedback, and developing people.
4)    Strategic thinker with demonstrated strong project execution and project management capabilities, analytical skills, political savvy, and conflict mediation skills.
5)    Demonstrated experience and commitment to fostering collaboration and employee engagement.
6)    Ability to lead and manage staff and projects effectively, set priorities, assess performance, guide staff development and make budgetary recommendations.
7)    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.  
8)    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.
9)    Requires the ability to communicate effectively, both orally and in writing, with all levels of staff and management.

1)    Acts as responsible steward to the function(s), Division, and Board by demonstrating proficiency in the Board’s espoused competencies.
2)    Balances and mitigates key organizational and functional risks where appropriate, and develops and executes sustainable risk mitigation strategies.
3)    Fosters a continuous learning culture.
4)    Exercises appropriate judgment and decision-making in complex situations.
5)    Demonstrates innovation and thought leadership relevant to future-state organizational and functional people strategies.
6)    Demonstrates strong leadership and management skills aligned to the Board’s espoused values.
7)    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.
8)    Demonstrates proficiency in political savvy, organizational savvy, and interpersonal communication skills.

1)    Decision Quality:  Makes timely, thoughtful, strategic decisions
2)    Learning Agility:  Takes responsibility for building organizational agility
3)    Drive for Excellence:  Delivers results by developing shared vision and direction for the organization
4)    Perspective and Strategic Agility:  Leads and acts with the future in mind
5)    Collaborative Relationships:  Sets the tone for collaborative organization
6)    Effective Communication:  Effectively speaks and acts on behalf of the Board

1)    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.
2)    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.
3)    Has frequent contact with members of the Board, both in discussions and through memoranda, regarding matters pertaining to area(s) of responsibility.
4)    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.

1)    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.
2)    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.
3)    Participates in the development of the division’s strategic plan, goals, and budget. Recommends program objectives and their priorities for area(s) of responsibility.
4)    Recommends personnel actions involving promotions, reclassifications, merit increases, and reassignments or separations in area(s) of responsibility.

1)    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.  
2)    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.
3)    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.
4)    Ability to be an effective spokesperson and advocate for the Board and the division in outside contacts, which may involve significant business dealings.
5)    Ability to operate under pressure to meet deadlines accurately and in a timely manner.