Acts as an advisor to the Senior Associate Director and Deputy Director on the strategic direction of the division and the policy and specialty areas function.
Oversees the development of various domestic and international policy and regulatory initiatives, coordinates interagency regulatory and supervisory initiatives, and, as appropriate, develops or contributes to the Board’s strategy for domestic and international financial institution supervision at the FFIEC, Bank for International Settlements and similar organizations.
Recommends appropriate changes to Board regulations affecting domestic and international banking in order to maintain an effective financial regulatory system.
Initiates, develops, and maintains ongoing relationships within the financial sector, as well as with other supervisory authorities, both domestic and foreign, that relate to effective and efficient regulation and supervision of domestic and international financial activities.
Represents the Board as its most senior supervisory authority on key matters of accounting, auditing and disclosure policies and practices as well as collaborating on interactions with supervisory and regulatory initiatives.
Maintains a comprehensive knowledge of and relevant practical experience in applying current accounting, auditing and disclosure standards and related proposals for change to this subject matter to credibly function as the Chief Accountant.
Briefs the Senior Associate Director, Deputy Director, Division Director and the Board Committee on Banking Supervision on matters relevant to areas of responsibility.
Interacts with division officials, officials of other Board divisions, Reserve Bank officials, officials of other government agencies and standard-setting organizations, and with high-level management of financial institutions; and,
Must be able to travel domestically and internationally to meet the expectations noted above.
The position of Deputy Associate Director and Chief Accountant has responsibility, under the direction of the Senior Associate Director and Deputy Director, for providing oversight and guidance at the officer level to the division on the policy and supervision operations of the division that are specifically focused on oversight of the accounting, auditing and financial disclosure practices of supervised entities and the quality control and assessment of the effectiveness of the implementation of all non-regulatory policies issued by the division. In particular, the Deputy Associate Director is required to exercise exceptional professional judgement and interpersonal savvy, as well as, a superior ability to collaborate effectively with senior Board and Reserve Bank colleagues across all of the supervisory portfolios to effectively execute these job responsibilities. Specific requirements include:
Demonstrated expertise in leading people, including setting strategy, establishing aligned performance expectations, providing clear and actionable feedback, and developing people;
Practiced at creating an environment that solicits differing views;
Ability to achieve results in ambiguous situations by being adaptive and resilient; holding people accountable for agreed to results, managing for performance, demonstrating professionalism and thoroughness by moving issues and projects to closure;
Demonstrated sound judgment regarding prioritization and ability to make decisions with less than complete information; and
Demonstrated ability to collaborate with and influence individuals with differing priorities and interests.
Advanced degree in a related field or equivalent experience.
A minimum of 5 years of management experience, with at least 2 years managing managers and/or in a complex (matrixed, virtual, graphically dispersed) arrangement.
Seven years’ experience in the planning and execution of accounting policy activities and crafting and implementing both strategic and tactical accounting and financial oversight plans.
Strategic thinker with demonstrated strong project execution and project management capabilities, analytical skills, political savvy, and conflict mediation skills.
Demonstrated experience and commitment to fostering collaboration and employee engagement.
Ability to lead and manage staff and projects effectively, set priorities, assess performance, guide staff development and make budgetary recommendations.
Ability to balance competing interests among a variety of clients and readily readjust priorities to respond to pressing and changing client demands. Must be able to anticipate and meet the clients’ needs while maintaining high-quality end products.
Exceptional organizational savvy and agility as demonstrated by ability to manage across organizational boundaries, building high performing teams, diminishing organizational silos, strengthening teams, and facilitating effective group and team dynamics
Requires the ability to communicate effectively, both orally and in writing, with all levels of staff and management.
OFFICER SPECIFIC POSITION RESPONSIBILITIES:
Acts as responsible steward to the function(s), Division, and Board by demonstrating proficiency in the Board’s espoused competencies.
Balances and mitigates key organizational and functional risks where appropriate, and develops and executes sustainable risk mitigation strategies.
Fosters a continuous learning culture.
Exercises appropriate judgement and decision-making in complex situations.
Demonstrates innovation and thought leadership relevant to future-state organizational and functional people strategies.
Demonstrates strong leadership and management skills aligned to the Board’s espoused values.
Keeps skills and knowledge current and aligned to best practices relative to key rules, regulations, and policies, as well as economic, political, and social trends that affect the organization. Understands near-term and long-term needs for the organization and determines how operations should be positioned to meet such needs.
Demonstrates proficiency in political savvy, organizational savvy, and interpersonal communication skills.
Decision Quality: Makes timely, thoughtful, strategic decisions
Learning Agility: Takes responsibility for building organizational agility
Drive for Excellence: Delivers results by developing shared vision and direction for the organization
Perspective and Strategic Agility: Leads and acts with the future in mind
Collaborative Relationships: Sets the tone for collaborative organization
Effective Communication: Effectively speaks and acts on behalf of the Board
Has frequent contact with members of the Board, both in discussions and through memoranda, regarding matters pertaining to area(s) of responsibility.
Has frequent contact with senior staff and other professionals in the division, elsewhere at the Board, and the Reserve Banks regarding matters pertaining to area(s) of responsibility.
Has regular contact with all staff in the function(s) to stay connected to the pulse of the division, provide leadership, and act as a role model.
Has frequent contact with individuals from other federal agencies, international organizations, and in the private sector regarding the subject matters in area(s) of responsibilities.
INTERNAL MANAGEMENT RESPONSIBILITIES
Provides guidance, coaching, and feedback to, and conducts performance reviews for managers and other direct reports, and ensures same is provided to all function staff.
Responsible for accomplishing approved program objectives for area(s) of responsibility within the financial and personnel resources allocated by the Board and the division's senior management.
Participates in the development of the division’s strategic plan, goals, and budget. Recommends program objectives and their priorities for area(s) of responsibility.
Recommends personnel actions involving promotions, reclassifications, merit increases, and reassignments or separations in area(s) of responsibility.
Ability to exercise independent and sound judgment in establishing objectives for assigned area(s) of responsibility that provide support and services for the division’s and Board’s missions.
Ability to translate customer service and organizational development theories and best practices into effective strategies for adoption in area(s) of responsibility to achieve and maintain high levels of customer service.
Ability to communicate effectively, both orally and in writing, to the Board and individual members thereof, senior Board staff, other Board and Reserve Bank staff: and staff at other government agencies and in the private sector on complex and technical matters.
Ability to be an effective spokesperson and advocate for the Board and the division in outside contacts, which may involve significant business dealings.
Ability to operate under pressure to meet deadlines accurately and in a timely manner.
Internal Number: 21655
About Board of Governors of the Federal Reserve System
The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.