Deputy CPC LBO at Federal Reserve Bank (FRB) in Pittsburgh, Pennsylvania

Posted in General Business 6 days ago.

Type: Full-Time





Job Description:

Company

Federal Reserve Bank of Cleveland

Effective November 1, 2021, all employees must be fully vaccinated against COVID-19 or qualify for an accommodation from the Bank’s vaccination policy; individuals who are unable to be vaccinated due to a medical condition or sincerely held religious belief may request an accommodation from the Bank.

About Us

The Federal Reserve Bank of Cleveland serves the Fourth Federal Reserve District, which comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. It is one of 12 regional Reserve Banks that, together with the Board of Governors in Washington, make up the Federal Reserve System and the central bank of the United States.  Our mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payments systems to promote optimal economic performance across the country and within the Fourth District.

The Federal Reserve Bank of Cleveland has an opening for the Deputy Central Point of Contact (Deputy CPC) for a Pittsburgh based LBO.  The Deputy CPC assists the Central Point of Contact (CPC) in all supervisory activities for the LBO, including the development and review of supervisory plans, risk and ratings assessments, target examinations and other supervisory products.  The Deputy CPC oversees specific aspects of supervision of the LBO, and coordinates a team of examiners dedicated to supervise the company in their respective risk or functional areas.  The Deputy CPC assists in the development and implements the long-range supervisory plan for the LBO in their respective area(s); collects and monitors information and trends for respective area(s); and monitors peer institution and financial services industry trends and risks.  Finally, the Deputy CPC works with the CPC to develop strong relationships with LBO management, Federal Reserve Bank personnel and management, Board of Governors staff, and other regulators.  

Location and Travel:


  • The position may be located in Cleveland, Pittsburgh, Columbus or Cincinnati.  Residing in Pittsburgh (or a willingness to relocate to the Pittsburgh area) is a plus, but not a requirement for the position. 

  • Travel is expected to be approximately up to 35% if the candidate does not reside in the greater Pittsburgh area (but could be greater depending upon circumstances)

Please have applications submitted by January 3rd, 2022.

This position requires access to confidential supervisory information and/or FOMC 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, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.

Essential Accountabilities:


  • Effectively serve as back-up to the Deputy CPC for all supervisory activities, questions, and requests pertaining to the LBO. 

  • Assists in developing and leading the implementation of the supervisory plan for the assigned risk and functional areas and coordinates respective supervisory and scheduling activities for the LBO.

  • Proactively develops and communicates supervisory findings and required actions to the institution, Reserve Bank management, directorate of the LBO and the Board of Governors (as necessary).  Ensures corrective action is taken within the timeframes committed to by management.

  • Proactively identifies risks through off-site monitoring and on-site examinations to promote and ensure prudent banking practices and overall financial and managerial stability.

  • Ensures supervisory activities are completed in accordance with Reserve Bank and System quality standards.

  • May Serve as examiner-in-charge of the Comprehensive Capital Analysis and Review (CCAR) or other key supervisory events. 

  • May participate on reviews and inspections of institutions or continuous monitoring activities.

  • Manages the team’s entries into key supervisory systems to ensure the supervisory standards and policies are met.

  • Communicates and coordinates supervisory efforts with other regulatory agencies, governmental agencies and various risk specialist and senior officials within the Federal Reserve System and at the Board of Governors.

  • Demonstrates expertise on banking and regulatory related practices, standards, trends and issues and serves as a resource for examination staff, FRB management, as well as management of the supervised institution.

  • Supports and implements department’s core business process expectations and changes, as applicable.

  • Oversees the work of designated team and contributes to their development, performance management and compensation decisions. 

  • As appropriate, participates on System and/or department projects.

  • Maintains peer networks for horizontal risk comparisons.


  • Performs other duties as assigned or requested

  • Adheres to the Bank’s attendance policies through regular and prompt attendance.

Education and Experience:


  • Bachelor's Degree in Business Management, Accounting, Finance, Mathematics, Economics, or related field.

  • 10+ years of related work experience

  • Commissioned Examiner of the Federal Reserve System

Knowledge Areas


  • Advanced knowledge of regulations, guidance, procedures and practices applicable to firms overs $100 billion total consolidated assets

  • Advanced ability to perform independent research and utilize analytical tools

  • Advanced knowledge of large bank strategy and operations

  • Advanced risk identification and risk assessment capabilities

  • Advanced analysis of financial reporting and analytics

  • Expert knowledge of project management

Skill Areas


  • Expert decision quality, problem solving, and analytical

  • Expert written and verbal communications, including presentation

  • Expert collaboration

  • Expert demonstration of self-awareness

  • Expert optimization of business processes

  • Expert multi-disciplinary knowledge

  • Expert learning agility

  • Advanced values diversity

  • Advanced action oriented

  • Advanced situational adaptability

  • Advanced ability to establish accountability and drive results

  • Advanced ability to build effective teams and instill trust

  • Advanced manages complexity and ambiguity

  • Advanced learning agility Intermediate leadership skills Intermediate drives results and accountability

Traditional office environment:

Employees typically sit most of the day, work with a computer and may answer/respond to phone calls. Physical movement consists of walking for meetings, breaks, etc. Ability to lift items weighing approximately 20 pounds on a limited basis is required. Addendum as needed: Employees may be required to travel by car/air.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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Salary:

$150,300.00


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