Senior Associate Director - FS

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Minimum Education

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Minimum Experience

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Summary

No Job Description Available

Senior Associate Director - Financial Stability

Summary

Reporting to the division director and in coordination with other senior officers, the senior associate director oversees the economic research function(s) of the division. This position provides senior level oversight and support to officers and section chiefs in managing resources to address the ongoing needs of the division and assures high-quality resolutions of responsibilities and critical work demands.

This position is located in Washington, DC.

Principal Duties And Responsibilities

• Serves as a key member of the division’s senior leadership team; models and fosters a collaborative culture in the division, the Board, and the Federal Reserve System. Builds effective and productive relationships with stakeholders and leverages their resources to execute on the financial stability strategy.
• Oversees the research and policy analysis of one or more of the division’s research sections.
• Provides intellectual leadership and guidance on the coverage, research, and analysis of emerging and recurring financial stability issues.
• Contributes to the development of high-quality, policy-relevant briefing materials, memos, and background materials for the Board and the FOMC, both as an individual contributor and as part of a team. Considers ways to innovate on existing materials to ensure they are as effective as possible.
• Participates in the division’s research activities, workshops, and seminars; helps foster a productive and rewarding research environment; actively seeks to bring new insights from academic research to the attention of Board policymakers and staff, particularly on policy relevant topics; facilitates ongoing interactions between the Board and the research community; serves as a role model through ongoing direct engagement in research activities.
• Actively coaches and mentors division staff in furthering their research, including providing advice and guidance on research projects, writing papers, and navigating the publication process.
• Contributes to the activities of the division and Board that promote the division’s values and priorities, foster a culture of collaboration and collegiality, and enhance job performance and job satisfaction for staff.
• Develops, manages, and strengthens relationships that establish trust and confidence with domestic regulators, foreign finance ministries, other central banks, other official sector contacts, Bank for International Settlements, G-groups, International Monetary Fund, World Bank, and Organization for Economic Cooperation and Development, working with other staff at the Board, the Federal Reserve Bank of New York, and the U.S. Treasury, where applicable.
• Provides intellectual leadership and guidance on the coverage, research, and analysis of emerging and recurring financial stability issues.
• Promotes research, information sharing, and collaboration among staff and others across the divisions. Actively engages with senior level officers in FS division and other divisions at the Board. Oversees joint projects as requested. Maintains strong working relationships with these groups by leading and providing strategic direction of the division and the achievement of its objectives and priorities.
• May be assigned additional duties not listed.
  
  

Minimum Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Applicant must have a PhD in economics, finance, or related field with a minimum of eight (8) years of work experience and a minimum of four (4) years of management experience
• Skilled at developing internal and external relationships to create an environment in which stakeholders feel their perspectives are understood and they understand the Division of Financial Stability and Board perspectives.
• High performing executive who demonstrates exceptional leadership in coaching, developing, and directing staff; establishing priorities; managing staff; and monitoring, assessing, and adjusting performance.
• Strong background in and expert knowledge of financial stability issues relative to industry, intermediary organizations to assist banking institutions and System personnel in understanding and addressing those issues.
• Demonstrated ability to provide strategic direction to teams engaging in economic research, including through relationship building, regular communications, meetings, and conferences.
• Ability to effectively manage difficult and complex matters involving policy.
• Keen ability to anticipate and resolve sensitive administrative issues; Focus on high return on investment in research, analysis, and engagement to deploy available resources to highest and best uses and greatest impact.
• Dynamic and collaborative leader focused on building a collaborative culture and driving excellence in performance as well as clarity in expectations and priorities.
  
  

Minimum Education: PhD in economics, finance, or related field is required.

Minimum Management Years of Experience: 4 years

Knowledge, Skills And Abilities:

• 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 stakeholders and readily readjust priorities to respond to pressing and changing stakeholder demands. Must be able to anticipate and meet the stakeholders’ needs while maintaining high-quality end products.
• Exceptional organization 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.
  
  

Stakeholder Contacts:

• 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 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 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 individuals from other federal agencies, international organizations, and in the private sector regarding the subject matters in area(s) of responsibilities.
  
  

Board Competencies:

• 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
  
  

Officer And Internal Management 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 judgment 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.
• 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.
  
  

Position Demands:

• Ability to exercise independent and sound judgment in establishing objectives for assigned area(s) of responsibility that provide support and services for the divisions 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.
  
  

Job Type:

Regular

Job Exempt:

Yes

Relocation Provided:

Yes

Compensation Grade(s):

FR PAY GRADE D2

Pay:

$265,900.00 - $327,200.00

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