Business Advisor - Community & Regional Supervision at Federal Reserve Bank (FRB) in Richmond, Virginia

Job Description:

Company

Federal Reserve Bank of Richmond

When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

About the Opportunity

The Supervision, Regulation, and Credit (SRC) Department’s Community & Regional Safety & Soundness (CRSS) unit has an immediate opening for a Business Advisor (BA) that would report to the unit’s Vice President (VP).  The BA will provide strategic consultation and operational support to the officer, managers and teams in CRSS.  The BA will tactically and strategically support CRSS on communications, internal reporting, policies/procedures, change management and governance. 

What You Will Do (list not exhaustive):

• 
  

  Serve as Business Advisor to CRSS unit:

  
  
  
  

  • Utilize strong industry knowledge to provide strategic consultation to division Vice President and Leadership Team

  
  

  • Build knowledge and relationships with key stakeholders to drive process improvements, advise on best practices and support critical business decisions. 

  
  

  • Develop key communications for CRSS regarding key division, department, Reserve Bank, or System initiatives.

  
  

  • Participate, and/or facilitate, CRSS committees regarding change management, quality assurance, outreach, training and metrics. 

  
  

  • With the officer team, develop agendas and facilitate unit and leadership meetings; share key takeaways and track action items.

  
  

  • Operations support includes review and tracking of the unit’s supervisory responsibilities, including, but not limited to, scheduling, exam deliverables, and issues management.

  
  

  • Manage ad hoc projects necessary to execute on unit initiatives, local initiatives, or high-priority system initiatives.

  
  

  • May participate in supervisory events to develop and/or maintain supervisory responsibility operational expertise/judgment and analytical skills. 

  
  
  
  

Qualifications:

• 5+ years of experience in advising or regulatory roles




• Bachelor’s degree or equivalent work experience




• Ability to assimilate, synthesize, and interpret complex data, concepts, and processes contextually, understands more complex concepts and processes.




• Ability to independently lead initiatives and projects including training, coaching, and mentoring, manages complex and sensitive issues with colleagues and key stakeholders




• Excellent communication with the ability to provide clear and concise information and/or instruction to key stakeholders




• Understanding of regulatory and financial risks applicable to financial institutions




• Examiner commission or commensurate industry experience preferred




• Ability to travel up to 10%.  Potentially more depending upon location.

Other Requirements and Considerations:

• Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.).




• Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.




• If you need assistance or an accommodation due to a disability, please notify rich.recruitment@rich.frb.org.




• 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.




• In addition, all candidates must undergo an enhanced background check and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.




• Under Conflict of Interest guidelines administered by the Board of Governors of the Federal Reserve System, examining personnel may not participate on an examination of a financial institution or affiliate if the examiner was employed by the financial institution or affiliate within the past 12 months.



• 
  

  Please review Bank’s Employee Code of Conduct to ensure there are no major issues related to your previous employment and current financial interests (relevant sections are 5.3 and Appendix B, Parts I, II and III). FRB ethics rules generally prohibit employees and their immediate families from owning investments in banks, savings associations, or their holding companies (Section 5.3). Additionally, employees engaged in Supervision and Regulation may be subject to borrowing and deposit restrictions. These employees may need to recuse themselves from certain supervisory work based on:

  
  
  
  

  • Their borrowing relationships (Appendix B Parts I.1, II.1 and II.2)

  
  

  • If a financial institution employs a member of the employee’s immediate family (i.e. spouse, child, parent, or sibling) (Appendix B Part I.3 and Part II.3)

  
  

  • If the individual was employed by the financial institution or affiliate within the past 12 months (Appendix B Part I.3 and II.3).

  
  

  • In certain cases, the recusal may be so extensive it could materially reduce the effectiveness of the prospective employee’s job responsibilities.

  
  
  
  



• The hiring range of the Advisor – Business – Adv is $126,700 – $174,240 annually. (9+ years’ experience)




• Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications.




• Applications will be reviewed on a rolling basis. The deadline for this posting is Friday April 12th, 2024.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Analytical

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.

Privacy Notice

Apply Now