Manager: Financial Market Infrastructure, Risk & Policy - RBOPS - 22948

  • Federal Reserve Board
  • Washington, District of Columbia
  • Mar 29, 2022
Full time Financial Banking Finance Government Manager

Job Description

About the Role
The Manager directs the activities of the section with general guidance from the supervising officer. The Manager is responsible for leading, developing and executing administrative supervisory duties for section staff. The Manager supports division leadership in setting and focusing priorities on strategic objectives and leads or contributes to management initiatives to achieve the division?s goals. The Manager will lead a section that may monitor, supervise, and assess risks and risk management and/or develop, implement, and interpret domestic and international risk management policies, standards, regulations, and guidance for financial market infrastructures, Reserve Banks and/or payment systems.

Core Business Responsibility/Oversight
• Leads a team of analysts to develop and implement relevant risk management policies, standards, regulations, and guidance to promote safe and efficient systemically important financial market infrastructures (FMIs) and payment, clearing, and settlement (PCS) activities.
• Contributes to the oversight of domestic and foreign systems, as appropriate, and PCS activities.
• Makes recommendations to the Board regarding relevant policies, standards, regulations, guidance, and other policy issues associated with the section’s responsibilities.
• Oversees the development and execution of projects, programs, and initiatives that support the section priorities.
• Implements processes to provide officers and stakeholders with relevant information in a timely and appropriate manner, allowing ample opportunities for input and collaboration.
• Represents division and/or Board views with other Board divisions, Reserve Banks, government agencies and other stakeholders.
• Identifies and manages risk and opportunities to achieving section goals and strategic priorities, including balancing competing priorities and adapting to changing conditions.
• Represents and advocates for Board views on external (domestic and international) groups on FMI-related policy matters.

People Leadership/Management
• Coordinates with the other manager in the section to assign work, manage schedules, provide input and review, communicate priorities, and perform other necessary functions.
• Manages the performance of staff utilizing the Board's performance management framework.
• Develops staff by providing experiences such as development opportunities and broadening assignments, providing guidance, assessing performance, and providing specific and timely feedback.
• Leads staff by providing expertise and perspective to address issues and solve problems in innovative ways.
• Enables section staff to act as advisors in relevant areas of expertise for the Board.
• Actively participates in the FMI-related and divisional leadership team and contribute to broad division initiatives including taking part in the collective ownership of the division’s culture and engagement.
• Works with the management team over the Board’s FMI related functions to:
- Create a team environment by fostering collaboration and open communication, building consensus, and recognizing team successes.
- Set the strategic objectives and priorities for the section, ensuring alignment with FMI-related sections’, division’s and Board’s vision, mission, and strategic goals.
- Consider division and FMI-related section needs when planning activities.
- Contribute to the strategic planning at the divisional level by developing and communicating section-specific priorities.

A bachelor’s degree in business administration, economics, finance, or other related field and a minimum of 7 years of related experience, or a master’s degree in business administration, economics, finance, or other related field and 6 years of related experience.

• A proven track record of developing staff is required; formal management experience is preferred.
• Extensive knowledge and in depth understanding of FMIs, related risks, as well as relevant laws, regulations, policies, standards, and guidance is preferred.
• Experience representing the Federal Reserve or other organizations externally is preferred.
• Outstanding interpersonal, analytical, communication (oral and written), and critical thinking skills are required.
• Candidates must be results and goal oriented with sound leadership skills and judgement and the ability to assimilate new information quickly, think strategically, take initiative, build collaborative relationships, and advocate effectively for the section, the division, and the Board.
• A graduate degree in business administration, finance, economics, public policy, law, or related field is preferred.

• Full COVID-19 vaccination is required as a condition of employment, unless a legally required exception applies.
• This role is located in Washington DC and will require on-site presence.
• Some travel is required.
• A writing sample may be requested.