Large Banking Organization Central Point of Contract - Supervision Group (Finance)
The Central Point of Contact (CPC) role is responsible for developing and executing the Reserve Bank's supervisory plan. This includes managing a team to accomplish supervisory objectives.
Responsibilities:
Development and execution of a continuous risk-focused supervisory program, including:
Identifies supervisory priorities, which include developing supervisory strategy and plan with input from the dedicated team members.
Recommends adjustments to the supervisory approach to reflect changes in the institution's risk profile and System risk priorities.
Evaluates the risk profile of the institution to understand the core risk exposures and whether those risks are adequately measured, monitored, and managed by the consolidated organization.
Oversees the execution of the supervisory program and ensures that the scope documents for inspections/reviews are appropriate and staffing of the inspections/reviews are with the appropriate level of examiner expertise.
Communicates issues, inspection/review findings, strategies, trends, and emerging issues to Reserve Bank senior management and Board staff.
Maintains professional and productive working relationship and communication with senior management and key business line managers to monitor trends and developments, as well as resolves issues and communicates supervisory findings.
Develops and maintains effective working relationship with other bank regulators to coordinate the identification and evaluation of material risks arising from operations.
Develops the annual supervisory report and reviews quarterly assessments drafted by the LBO team.
Works collaboratively with colleagues at other large and foreign banking organizations across the System to enhance consistency in approach, to facilitate sharing of best practices, and to identify emerging issues.
Provides input regarding Federal Reserve System supervisory guidance and processes.
Manages a dedicated team of examiners who each have responsibility for one or more business areas.
Leads, coaches, and mentors the dedicated team by providing vision and guidance, reviewing work products, giving timely and constructive feedback, and holding people accountable to achieve results.
Makes hiring decisions and provides promotion recommendations.
Participates in salary administration and conducts performance evaluations.
Participates in ongoing professional development, attends System conferences, serves on System committees or work groups, and oversees team participation in System initiatives.
Contributes to the achievement of the goals and objectives of the Federal Reserve Bank of New York Supervision Group.
Provides assignments and training, taking into account the needs of the Reserve Bank and career development goals of individuals.
Drives operational excellence and ensures compliance with System and Reserve Bank policies and guidelines for supervisory activities, workpaper standards, scheduling and budgeting.
Safeguards equipment, sensitive data, and resources according to Supervisory Information Handling Policy (SIHP).