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Manager I/II, Quantitative Supervision Job Details

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Employer:  Federal Reserve Bank
Job Ref No:  257290
Job Title:  Manager I/II, Quantitative Supervision
Risk Type:  Credit
The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

Job Summary:

This job description is for the Quantitative/Data Analytic Job Family, aimed primarily for managerial positions within the Financial Monitoring Group, Retail Risk Analysis, Risk Assessment, Data Analysis and Research and Risk Analytics and Surveillance business lines, but could include anyone within Supervision Regulation and Credit (SRC) that performs these tasks. An ideal candidate must have knowledge of, and be able to perform actions that are related to, activities in the designated business line.

A manager oversees all aspects of managing staff for the assigned unit including hiring, counseling, termination, career development, planning, performance evaluation, and salary recommendations; ensures staff/unit adheres to Bank and SRC policies and procedures; manages mid to complex functions or projects, and is able to lead task forces at a District or System level.

Principal Duties and Responsibilities:

Maintains a high level of technical expertise with respect to the individual business unit's policies and procedures; is familiar with all matters that impact key business activities; and remains abreast of changing environmental factors and current events in that particular business line environment which may have a potential to impact the business line and/or the manner in which it is supervised.

Creates and maintains effective liaison relationships with other units and functions of the department to prevent duplication of effort and ensure that services performed on their behalf meet quality and timeliness standards.

Reviews and assesses the effectiveness of existing work processes and products in light of environmental changes and System, Bank, or department initiatives and modifies current processes/products and/or designs new approaches and products as appropriate.

May participate on Bank, department, or System projects. Fulfills job duties and responsibilities in conformance with sound safety practices. Demonstrates effective SRC Core Competency skills for grade and position. Performs other related duties as assigned.


Staff Analysts and Specialist - Direct Reports

Scope Measurements:

Competencies Required:
  • Building Effective Teams - Creates strong morale in the team; shares successes; builds and works within a team; defines success in terms of the whole team.
  • Managing Diversity - Manages all kinds and classes of people equitably; deals effectively with all races, nationalities, cultures, disabilities, ages and sexes; and fosters inclusion.
  • Motivating Others - Creates climate in which people want to do their best; invites input from each person and shares ownership and visibility.
  • Command Skills - Relishes leading; takes unpopular stands if necessary; encourages direct and tough debates; faces adversity head on; energized by tough challenges.
  • Developing Direct Reports and Others - Provides challenging tasks and assignments; holds frequent development discussions; constructs compelling development plans; cooperates with the developmental system in the organization; is a people-builder.

Education and Experience:
  • Bachelor's degree required; Master's degree preferred (preferably in statistics, finance, economics, or information systems), or equivalent related work experience and education.
  • Over 8 years' experience in data analytics, financial analysis, or quantitative bank examinations.
  • Prior experience in banking supervision, risk management, model risk management, or economic research is preferred.
  • Prior managerial experience preferred.

Knowledge and Skills:

Excellent written and oral communications skills. Demonstrated ability to exhibit excellent verbal and written communication skills. Ability to manage communication process; actively engages in transferring technical knowledge; diffuses conflict and builds consensus.

Excellent analytical and problem solving skills. Works on significant and/or highly complex issues in which analysis of situations and data requires an evaluation of intangibles; exercises independent judgment in methods, techniques and evaluation criteria for obtaining results.

Excellent interpersonal skills. May manage activities of two or more teams or departments through subordinate managers or supervisors; act independently to determine methods and procedures on new assignments; work under minimal to no supervision. May manage staff working remotely and on virtual teams.

Financial Monitoring Group

The Financial Monitoring Group produces banking analysis that enables System personnel to track retail credit industry trends. The successful group manager possesses the necessary technical skills to manage quantitative projects and staff. These skills include working with large datasets, analyzing banking or retail credit industry trends, reviewing the team's work products and quarterly deliverables, and participating in various department, Bank, and System work groups.
  • Participates in Comprehensive Capital Analysis and Review Retail Risk Evaluation Team activities
  • Participates in departmental and Bankwide projects, committees, and task forces as needed.
  • SAS experience or experience in an equivalent statistical programming language is strongly preferred.
  • Ability to manipulate and perform analysis of large datasets is strongly preferred.
  • Knowledge of and ability to analyze trends in banking and economic activity.
Risk Assessment, Data Analysis and Research (RADAR)

The RADAR Data Warehouse group collects and maintains an array of very large mortgage and consumer credit databases which it makes available to regulators and researchers within the Federal Reserve System. The unit also conducts analysis and research on these data as part of a larger strategic initiative around data acquisition, data management, and consumer credit research. The successful group manager possesses the necessary technical skills to manage quantitative projects and staff. These skills include working with large datasets, analyzing banking or retail credit industry trends, reviewing the team's work products and quarterly deliverables, and participating in various department, Bank, and System work groups.

RADAR Securities Evaluation Services

The Manager II possesses in depth expertise in fixed income securities and investment portfolio evaluation and analysis for bank examinations and macroprudential supervision. Will lead and coordinate the support to bank examiners and risk specialists in evaluating fixed income portfolios held by financial institutions, monitor industry trends in the Fixed Income markets to identify emerging issues and risks, and brief/advise business unit and Bank/System management on the identified issues and risks. The Manager II will lead and coordinate the team participation on System initiatives and projects, including but not limited to the Dodd Frank Act Stress Tests, the Comprehensive Capital Analysis and Review Program and Basel capital rule setting. The Manager II works with FRS staff, may lead research projects involving investment securities or whole loan products, reviews the work of less experienced analysts and provides training to FRS staff on fixed income knowledge.

Risk Analytics & Surveillance Unit (RAS)

Effectively monitoring and analyzing financial data of Third District institutions utilizing various data sources and tools to provide a horizontal risk focus to the supervisory process.
  • Identifying and reporting inherent and emerging risks that may impact Third District institutions for effective horizontal monitoring.
  • Analyzing the effects of changing market, credit, and economic conditions on Third District institutions.
  • Creating timely, topical and impactful in-depth and analytical reports to be disseminated to the examination staff, Reserve Bank management, and the Board of Governors.
  • Develop statistical tools and models that provide examination staff with forward-looking views on inherent and emerging bank risk.

Forming partnerships with other department units, risk committees, and Federal Reserve System staff to leverage best practices using cutting edge methods to highlight important risks. RAS seeks to form partnerships with other department units, risk committees, and risk specialists within the Federal Reserve System to leverage best practices using advanced statistical methods to highlight important risks.

Other Requirements:

Applicants must be able to provide work authorization to prove their eligibility to work in the United States. An applicant for employment also must be a U.S. Citizen, U.S. National, or hold permanent resident status with intent to become a U.S. Citizen.

Physical Requirements:


Note: This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Philadelphia reserves the right to modify the elements of this job description as business needs require.

The Federal Reserve Bank of Philadelphia believes 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 Bank of Philadelphia is proud to be an equal opportunity workplace.
Employment Type:  Full Time
Region/Country:  Americas, United States
States/Counties:  Pennsylvania
City:  Philadelphia

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