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.
The Federal Reserve Bank of Philadelphia is seeking a Vice President of Risk Management and Strategic and Financial Planning.
The Vice President of Risk Management and Strategic and Financial Planning provides oversight to the Bank?s enterprise risk management, strategic planning, budget, business continuity, cost accounting, and fixed asset functions. This position ensures the Bank?s risk management and internal control over financial reporting strategies and policies are consistent with applicable frameworks. It also provides Bank management with support, analysis, and options that add value to the decision-making process, including managing risk that can impede the achievement of strategic and tactical business objectives.
Principal Duties and Responsibilities:
Partners with other departments to develop a multilevel and/or comprehensive view of the portfolio of risks the Bank faces. Oversees the coordination of risk management and internal control over financial reporting activities.
Monitors and analyzes operational and financial risks within the business units and reports findings to senior management and the Management and Budget Committee of the Board of Directors.
Serves as co-secretariat of the International Operational Risk Working Group.
Coordinates the Bank?s strategic and tactical and financial planning activities and monitors the Bank?s performance against its objectives and performance metrics.
Oversees the development, documentation and testing of the Bank?s business continuity recovery plans; directs all activities related to resuming Bank business in contingency situations.
Identifies and develops staff with leadership and management potential while managing succession planning within the function.
Exercises usual management authority including staffing, performance evaluations, promotions, salary recommendations and terminations.
Represents the Bank and may assume significant leadership positions at the System level.
Works effectively with managers in areas of responsibility to ensure that department objectives, performance metrics, quality measures, and budget targets are achieved.
Understands all authorities established by Bank policy and by the Bank?s Delegation of Authority Schedule and acts accordingly. Understands and reinforces with reporting managers the Bank?s control environment and the importance of compliance.
Fosters an environment in which employees are actively encouraged to identify and implement departmental and Bank-wide quality improvement initiatives.
Fulfills job duties and responsibilities in conformance with sound safety practices. Performs other related duties as assigned
Education & Experience:
Bachelor's degree in business related discipline or equivalent work experience; master?s degree preferred.
Minimum of 8 years of management experience preferred.
Knowledge & Skills:
Superior oral and written communication skills.
Demonstrated knowledge of Enterprise Risk Management.
Demonstrated knowledge of financial management and controls.
Exceptional interpersonal, analytical, and problem solving skills.
Demonstrated leadership and organizational skills.
Ability to encourage efforts toward common goals and effectively manage change.
Willingness to travel domestically and internationally up to 10%.
Background investigations including drug testing are required for all new hires as a condition of employment, after the job offer is made. Employment may not begin until the Bank accepts the results of the background investigation.
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.