Position Description
Minimum Education
Bachelor's degree or equivalent experience
Minimum Experience
8
Summary
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.
Duties And Responsibilities
- Manages the section including assigning work managing schedules, providing input and review] communicating priorities, and performing 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, Oversees the development and execution of projects, programs, and initiatives that support the section priorities.
- Identifies and manages risk and opportunities to achieving section goals including balancing competing priorities.
- Represents division and/or Board views with other Board divisions, Reserve Banks, government agencies and other stakeholders.
- 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,
- Implements processes to provide officers and stakeholders with relevant information in a timely and appropriate manner, allowing ample opportunities for input and collaboration
- Adapts to, assesses and plans for changing conditions to achieve the section t s strategic priorities
- Creates a team environment by fostering collaboration and open communication, building consensus, and recognizing team successes.
- Sets the strategic objectives and priorities for the section, ensuring alignment with Division and Board vision, missionF and strategic goats.
- Actively participates in the divisional leadership team and contributes to broad division initiatives including taking part in the collective ownership of the division's culture and engagement.
- Considers both division's and section's needs in planning activities.
- Contributes to the strategic planning at the divisional level by developing and communicating section specific priorities.
- Facilitates and promotes the development and implementation of policy, and related research initiatives, for Reserve Banks and systemically important financial market infrastructures (FMls)r including in the areas of payment clearance and settlement (PCS), communication strategy, compliance, resilience, risk management, governance, financial reporting, and information systems management.
- Leads and manages relevant areas of Reserve Bank and/or private-sector FMI oversight. Contributes expertise and policy judgment as well as aids in interpretation of relevant standards regarding regulatory and strategic matters affecting financial and payment systems, financial market infrastructures and central bank services and programs.
Position Requirements
Position requirements:
FR28 grade requires a bachelor’s degree in business administration, economics, finance, or other related field and a minimum of 8 years of related experience, or a master’s degree in business administration, economics, finance, or other related field and 6 years of related experience.
FR29 grade requires a bachelor’s degree in business administration, economics, finance, or other related field and a minimum of 9 years of related experience, or a master’s degree in business administration, economics, finance or other related field and 7 years of related experience. At least one full cycle or experience managing the Board’s 3Cs review process or equivalent performance management process.
Remarks
Supports the Board in its development of applicable financial accounting policy and oversight of the Reserve Bank financial reporting, controls, and financial accounting operations. Leads the ongoing development of Reserve Bank financial accounting policy, including assessing the implications of new policy developments and applying accounting policy. Oversees development of and compliance with financial accounting and reporting policies to provide meaningful financial reports and statements of Reserve Banks operations and oversight of the associated Reserve Banks business functions.
Ensures the timing preparation of the combined Reserve Bank financial statements and coordinating with the public accounting firm contracted by the Board to provide an external audit of the combined financial statements, as well as each Reserve Bank’s financial statements. Oversees the issuance of the Board’s H.4.1 statistical release, “Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks,” ensuring timely preparation and accuracy of data.
Supervises the issuance of the Federal Reserve notes to the Reserve Banks, verification of the retirement of notes, and posting of eligible collateral for notes in circulation as stipulated by the Federal Reserve Act. Responsible for the duties associated with the role of the Assistant Federal Reserve Agent and may be designated as the Agent.
Performs managerial duties, including staffing, staff development, performance management, and developing long-range and operational plans. Serves as the Board representative on appropriate working groups articulating RBOPS’ position and or perspective on various financial management topics.
The Ideal Candidate Will Exhibit Effective
- Ability to lead and manage staff and projects effectively, set priorities, assess performance, guide staff development while fostering collaboration and employee engagement. Build high performing teams, diminishing organizational silos, strengthening teams, and facilitating effective group and team dynamics.
- Problem solving skills, including resolution of complex issues and unstructured fact cases. Must be able to think strategically in designing new approaches to an evolving risk environment.
- Communication with managerial and senior staff at the Reserve Banks and the Board to communicate review findings and engage in difficult conversations related to financial management issues. This will involve effective written and oral communication skills.
- Project management skills, including the demonstrated ability to manage multiple complex projects and processes simultaneously while collaborating successfully with others, maintaining a positive outlook, working persistently through barriers, adapting quickly to changes, and driving for results. The work requires the manager to oversee, coordinate, and integrate the work of analysts on a broad range of complex issues.
- Analytical skills, including ability to identify, understand, and explain complex and technical matter. Adjust priorities to respond to pressing and changing demands.
- This position requires candidates to have at least one of the following: a bachelor's degree in accounting, previous accounting, auditing, financial policy or reporting work experience, public accounting work experience, or a CPA license.
- A writing sample/exercise may be requested.
- This role is located in Washington DC and will require relocation and on-site presence via a hybrid schedule. Employees are expected to spend a minimum of 6 days per month onsite. Relocation assistance is available.
Primary Location
DC-Washington
Employee Status
Regular
Overtime Status
Exempt
Job Type
Standard
Work Shift
1st Shift
Relocation Provided
Yes
Compensation Grade Low
FR PAY GRADE 28
Compensation Grade High
FR PAY GRADE 29
Minimum Salary
$140,200.00
Maximum Salary
$285,200.00
Posting Date
Nov 26, 2024
