Large Bank Deputy Central Point Of Contact (Capital One Financial Corporation Supervisory Team)
The Supervision, Regulation & Credit (SRC) Department's Large Financial Institutions Supervision (LFIS) Unit has an immediate opening for a Large Bank Deputy Central Point of Contact (Deputy CPC) for Capital One Financial Corporation supervisory team. This role will have managerial responsibilities for a number of direct reports as well as direct responsibilities for elements of the supervisory program.
The successful candidate will support the CPC in the design and execution of the supervision of the institution according to the program requirements established by the Board of Governors and the Large and Foreign Banking Organizations (LFBO) Management Group. The Deputy CPC will lead the activities of an assigned team of experienced examiners as well as risk specialists housed within the LFIS Unit, establishing partnerships with other regulatory authorities, and communicating activities and results to a variety of constituencies including Reserve Bank and System senior management. The Deputy CPC is expected to remain current on all significant events and issues at the supervised firm, on the team, and within the broader LFBO portfolio.
The Deputy CPC should have recognized leadership abilities and is expected to establish ongoing and productive relationships with senior management of the supervised institution, collaborate with other financial regulators and will routinely participate in supervisory work/assessments and vetting sessions with senior System personnel and actively communicate deficiencies in risk management practices and emerging risk issues to senior Reserve Bank management as well as to appropriate members of Board of Governors staff. The Deputy CPC should possess expertise related to governance and controls (operational, IT and compliance risk areas preferred) and will help formulate and suggest appropriate regulatory responses to the risks posed by the institution. The Deputy CPC must continually remain aware of and contribute to the understanding of industry-wide risk exposures and the institution's risk position relative to industry peers.
The Deputy CPC will work in partnership with the team's other Deputy CPC to oversee a portion of the LFBO team (total supervisory team size is 10 FTEs) and will be responsible for establishing expectations and providing coaching and feedback to direct reports as well as those assisting them. The Deputy CPC will also be responsible for enabling career development for individuals on the dedicated team and for facilitating development of those outside the team through exposure to the assigned institution. The LFBO Deputy will be responsible for ensuring compliance of assigned team members with Unit, Department, Reserve Bank and System policies and procedures. The Deputy will develop highly skilled staff, including overseeing product content and quality, ensuring increasing depth in expertise, and providing timely and candid feedback and coaching to direct reports.
The position can be located in Richmond, VA (preferred), Baltimore MD (preferred), or Charlotte, NC. If located in Charlotte, NC the expected travel would be higher than noted above.
Specific Job Responsibilities (include but are not limited to the following):
* Support the CPC, and act as a back-up in his/her absence, to ensure appropriate supervision of the assigned institution by working closely with the other Deputy CPC, dedicated supervisory team, and various LFIS, District and System stakeholders.
* Understand material control and risk issues at the supervised firm.
* In partnership with team leadership, develop key supervisory products (risk assessments, supervisory plans, monthly summary reports, and annual rating assessment).
* Identify and prioritize areas of supervisory focus, including ongoing supervision, examination, System-driven work, and partner with other regulators.
* Participate in local and System vettings with senior personnel for supervisory products, leading or supporting the discussions for the onsite supervisory team.
* Conduct continuous supervision which includes holding periodic meetings with institution management and counterparts at other agencies and reviewing reporting to maintain knowledge of emerging issues and the current risk profile.
* Maintain an ongoing understanding of emerging issues, trends and key supervisory developments in the supervision of the banking organization and other large complex banking organizations.
* Oversee the examination process related to assigned portfolio including ensuring appropriate resources (skill level and quantity) and reviewing scope memos, conclusion memos, and correspondence to the institution.
* Coordinate communication, both oral and written, of specific supervisory findings and concerns to the institution's senior management and directorate, local Reserve Bank senior management, the Board of Governors and Board staff, and appropriate parties within the LBO program.
* Provide leadership and manage direct reports; including setting priorities, ensuring accountability, reviewing work products, facilitating talent management and succession planning, understanding motivation (learning, reward/recognition), assessing development needs, demonstrating values (team and individual) and delivering coaching/development (to ensure continuous development of skills/competencies and talent pipeline).
* Encourage team members to contribute to cross-institutional and market monitoring efforts.
* Contribute actively to the development of policy and practice for the LFIS Unit, SRC Department and Bank management meetings.
* The hiring range is $128,600 - $160,800, annually.
* Salary offered will be based on the job responsibilities and the individual's knowledge, skills, and experience as defined in the job qualifications/experience.
* The deadline to apply is September 5, 2019.
* The selected candidates are subject to special background check procedures.
* Prior (3 to 5 years) managerial and / or leadership experience preferred.
* Bachelor's degree in Finance, Economics, Business, Management, or related field is required; Master's degree preferred.
* Examiner commission and credentials preferred.
* Experienced professional with a minimum of 5 years of regulatory or industry experience and a minimum of 3 years of large bank experience.
* Excellent oral and written communication skills.
* Must be willing and able to travel as the position requires approximately 50% travel.
* The Deputy CPC position will have a rotation expectation associated with it. This position will be subject to a five-year term with an opportunity for the CPC to revisit and extend the term for a maximum additional three years.
* An applicant posting for employment as a Federal Reserve examiner/analyst must be a U.S. citizen or hold a permanent residence visa/Green Card and be an intending citizen.
* Under conflict of interest guidelines administered by the Board of Governors of the Federal Reserve System, examining personnel may not participate on an examination of a financial institution or affiliate if the examiner was employed by the financial institution or affiliate within the past 12 months. This job posting requires regular participation on Capital One Financial Corporation examinations.
* Please review the FRB Employee Code of Conduct to ensure there are no major issues related to your previous employment and current financial interests. (The Code is available on the About Us, Careers webpage at www.richmondfed.org.; the relevant sections are 5.3 and Appendix B, Parts I, II and III).
FRB ethics rules generally prohibit employees and their immediate families from owning investments in banks, savings associations or their holding companies (Section 5.3). Additionally, employees engaged in Supervision and Regulation may be subject to borrowing and deposit restrictions. These employees may need to recuse themselves from certain supervisory work based on:
* their borrowing relationships (Appendix B Parts I.1, II.1 and II.2),
* if a financial institution employs a member of the employee's immediate family (i.e. spouse, child, parent, or sibling) (Appendix B Part I.3 and Part II.3),
* if the individual was employed by the financial institution or affiliate within the past 12 months (Appendix B Part I.3 and II.3).
In certain cases, the recusal may be so extensive it could materially reduce the effectiveness of the prospective employee.
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change (e.g. emergencies, rush jobs, change in workload or technological developments).
POST JOBS FOR FREE