Federal Reserve Bank (FRB)
Deputy Dedicated Supervisory Team Lead - Supervision Group (Finance)
The Supervision Group of the Federal Reserve Bank of New York, under the delegated authority by the Board of Governors of the Federal Reserve, supervises financial institutions in the Second District. The Group's mission is to ensure a safe, sound, and accessible financial system. Supervision is responsible for evaluating the safety and soundness of domestic banking institutions, U.S. operations of foreign banking organizations, and systemically important banks and nonbanks (SIFIs), including financial market utilities in the District. These efforts are achieved through periodic onsite evaluations and offsite analysis and surveillance. The Group also analyzes issues and developments to identify emerging supervisory risks and develop domestic and international supervisory policy.
The Large Institution Supervision Coordinating Committee (LISCC) is the governing body over systemically important financial institutions (SIFI). LISCC firms are global US and non US financial services providers engaged in 1) investment banking including sales and trading; 2) commercial banking; 3) retail banking; 4) transaction banking (i.e., wholesale payments, custody, securities lending and securities servicing), and 5) private wealth and asset management.
The Dedicated Supervisory Team (LISCC - DST) function within the Supervision Group is responsible for the execution of an effective risk-focused supervisory program.
Your role as the Deputy DST Lead:
The Deputy DST Lead supports the DST Lead in developing and executing the supervisory program for a Second District complex financial institution, and is responsible for the day-to-day management of the dedicated supervisory team. The Deputy DST Lead also stands in for the DST Lead as required and is expected to contribute thought leadership to developments in the LISCC supervision program more broadly.
Deputy DST Lead responsibilities include: