Executive / Senior Vice President - Head of Supervision & Regulation

Executive / Senior Vice President, Head of Supervision and Regulation

The Federal Reserve Bank of Boston is seeking a proven leader as our next Executive / Senior Vice President (E / SVP) of Supervision and Regulation, bringing a strategic, collaborative mindset as well as exemplary management and communication skills to the role. This department is responsible for the supervision and regulation of large, regional, and community banking organizations. The head of Supervision and Regulation is expected to build strong working relationships with the leadership teams at First District banking institutions, as well as his or her Federal Reserve System and Board of Governors counterparts.

The Supervision and Regulation department serves the public by :

• Promoting public confidence in financial services firms through high-value contributions to System supervision and regulatory efforts, with an emphasis on First District banking organizations.
• Protecting consumers by ensuring financial institutions comply with laws and regulations, while encouraging those institutions to responsibly meet the needs of their communities.
• Contributing to financial research and policy by providing expert analysis of current and emerging risks faced by domestic and global financial services firms.

The head of Supervision and Regulation oversees approximately 265 professional team members, including officers, managers, examiners, economists, specialists, and analysts. He or she reports to the president and CEO of the Bank. As a member of the Bank's Executive Committee, he or she contributes to setting the strategic direction and policies of the Bank and serves as a role model for employees and the communities that the Bank serves.

The head of Supervision and Regulation is a member of the System's Supervision Committee, which oversees the execution of the System's supervisory responsibilities, and additionally a member of the System's Large Institution Supervision Coordinating Committee, which coordinates supervision of the nation's most complex financial institutions. The individual delivers trusted leadership, locally and nationally, in Bank- or System-wide committees and groups and in working effectively with the Board of Governors and their staff.

In addition, the successful candidate must have a strong commitment to public service and establish and maintain strong relationships with the vice chair of supervision and other important Board colleagues.

About the Federal Reserve Bank of Boston

The Federal Reserve System was founded by Congress in 1913 and serves as the central bank of the United States. Its fundamental mission is to foster the stability, integrity, and efficiency of the nation's monetary, financial, and payment systems, to promote optimal economic performance.

The Federal Reserve Bank of Boston is one of 12 Federal Reserve Banks that, together with the Board of Governors in Washington D.C., make up the System. We contribute to communities, the region, and the nation by conducting high-quality economic research, participating in monetary policymaking, supervising certain financial institutions, providing financial and payments services that underpin the financial system, and playing a leadership role in payments innovation.

The Boston Reserve Bank holds several key System roles. It leads the Financial Support Office, which manages the System budget and related technology programs. The Bank also played key roles in the Fed's crisis responses in 2008 and the global pandemic downturn of 2020. The Bank's most critical responsibilities include :

The Bank's approximately 1,300 employees are based mostly in the First District, and they take great pride in working for an organization whose mission is to promote sound economic growth and well-being regionally and nationally. Our strong organizational culture is built on our core values of community, innovation, integrity & trust, and leadership & excellence.

We build institutional expertise and flexibility by identifying, engaging, and developing a highly trained workforce. Our work environment respects and values our employees' individual strengths including their different backgrounds, personalities, and thought processes and their teamwork. The Bank is a visible business leader in Greater Boston and throughout the First District, which includes the six New England states (except Fairfield County, Connecticut). We serve as an important convener and nonpartisan researcher in areas of economic and workforce development. Our president and Bank leaders are engaged with numerous organizations that support the First District community, including professional associations and boards.

We offer a strong and competitive benefits package which will be detailed to finalists considered for the role.

Key Responsibilities

The scope of the role includes, but is not limited to :

Requirements

15-20+ years of deep business or banking supervisory leadership experience, including 15+ years of progressively expansive people and leadership responsibilities. Bachelor's degree, preferably in business or economics or a related field of study, or equivalent work experience. Advanced degree preferred.

Leadership Capabilities

Other Requirements