Federal Reserve Bank of Philadelphia · 1 month ago
Senior/Group Vice President of Supervision
Philadelphia, PA
Full-time
Onsite
Senior Level, Lead/Staff
$250K/yr - $360K/yr
10+ years expThe Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that make up the Federal Reserve System. This position is responsible for the efficient and effective supervision of institutions within the portfolio, ensuring compliance with Board policies and overseeing core supervision functions.
Financial Services
No H1B
U.S. Citizen Only
Responsibilities
Bank examinations and holding company inspections - responsible for all Third District supervisory events. Ensure that all events are conducted in a timely manner, meeting all Board of Governors’ (Board) mandates. Ensure that supervisory decisions are appropriate and in accordance with Board guidance. Responsible for effective and timely communication with supervised institutions regarding examination and inspection results and enforcement actions
Regulatory applications - provide oversight for the regulatory applications function. Ensure that decisions regarding regulatory applications are appropriate, consistent with Board guidance, and handled in a timely manner
Participate in updates and discussion of supervisory matters with the Bank’s senior management and Directors as appropriate in cooperation with the Officer in Charge
Staff hiring and development - responsible for talent management functions within the core supervision function. Ensure that staff progress through the System training program from onboarding to commissioning in a timely manner. Oversee resource management in core supervision to ensure an appropriate pool of qualified staff is available to conduct supervisory activities
Management development - ensure direct reports demonstrate effective leadership behaviors. Provide development opportunities and timely feedback to support behaviors consistent with SRC and the Reserve Bank’s leadership competencies
System contributions - participate as a leader and member on committees that support System initiatives. On an ongoing basis, identify opportunities to leverage our Reserve Bank’s skills and talent at the System level
Outreach with external stakeholders – represent the Bank in supervisory dialogue with external constituents including serving as a subject matter expert at industry conferences and other forums. Partner with Corporate Affairs and other teams to represent the Bank in initiatives designed to foster engagement with Third District stakeholders
Perform other duties as delegated or in a contingency scenario on behalf of the Officer in Charge
Collaborate with other Senior officers as needed to provide input to enterprise planning and decision making
This individual is a member of the SRC Senior Leadership Team, which sets strategic direction and high-priority objectives for the SRC department and provides oversight and guidance to standing committees
Participation in System management groups and committees as either a member or in a leadership role may be required
Qualification
Required
Bachelor's degree in business related discipline
Demonstrated leadership experience in a Reserve Bank, System, or industry level
Strong leadership skills with the ability to understand, apply, and explain regulatory and supervisory actions
Strong strategic planning skills with the ability to implement the department and Reserve Banks' strategic vision
Ability to motivate and lead diverse groups and develop future leaders
Executive level business acumen and leadership skills
Demonstrated ability to lead a multi-functional, complex organization
Preferred
Master's degree and a minimum of 10 years' experience
Prior experience in the financial services industry or bank supervision
Benefits
Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period
401k/Thrift Plan with generous employer match
Employer-funded Pension Plan
Paid Vacation/Sick Time & Holidays
Monthly $120 Commuter Allowance
Flexible Spending Accounts and Healthcare Spending Accounts
Flexible Work Schedule available in most departments
Life Insurance and Long Term Disability Insurance
Tuition Reimbursement (undergraduate and graduate)
Parental Leave
Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities
Onsite Cafeteria & Coffee Shop
Additional Convenience Benefits, Discounts and More…
Company
Federal Reserve Bank of Philadelphia
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Jeanne Rentezelas
First Vice President & COO
Gail Baker, PHR
Talent Acquisition Partner
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