Job Information

Federal Reserve System Head of Corporate Group and Chief Financial Officer in New York, New York

Company

Federal Reserve Bank of New York

Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.  

Our mission at the New York Fed is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, delivering financial services, supervising financial institutions and providing thought leadership on issues that impact the nation and communities we serve, as part of the Federal Reserve System.

Our vision is to be at the forefront of anticipating, adapting and acting in a fast-changing world to shape a better economy for all.

Our values are the set of principles we strive to live by each day as we deliver on our mission to serve the economy, our communities, and one another. They define who we are, and how we work together.

Our Touchstone Behaviors —Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more. (https://www.newyorkfed.org/careers/touchstone-behaviors)  

What we do:

The Corporate Group delivers a broad range of innovative, impactful solutions that foster the Bank's ability to meet its mission, and is dedicated to being a trusted, strategic business partner to clients Bankwide. The Group provides superior services and value-added resource and financial management that seamlessly support Bank's objectives. Functional areas of the Group include:

  • Business Finance Partners and Financial Planning & Analysis

  • Corporate Controllers

  • Enterprise Services

  • Procurement Value Management

  • Real Estate

  • Group Support

Your role as the Head of the Corporate Group and Chief Financial Officer (CFO):

The New York Fed is seeking a dynamic and visionary Head of the Corporate Group and Chief Financial Officer (CFO) who will ensure full alignment with the Bank’s strategic priorities to Simplify, Innovate and Lead.

As a member of the Executive Committee, the Head of the Corporate Group and Chief Financial Officer (CFO) will direct and coordinate the activities of the Group in accordance with the Bank Mission, Vision and Values while also being an active participant in the development of the Bank’s broader strategic efforts. As a champion for talent, they will inspire, support, and develop the team, ensuring they are agile and responsive to change, can conceptualize the Bank’s needs and have the skills to manage and achieve desired results in a highly dynamic environment, while maintaining the highest standards of excellence.

Reporting to the Bank’s First Vice President and Chief Operating Officer, the Head of the Corporate Group and Chief Financial Officer (CFO) will lead the Group in building upon the Bank’s enterprise support capabilities by delivering strategic value to the Bank with a strong focus on customer service and execution, with responsibility to:

  • Oversee teams responsible for financial performance reporting, developing accurate financial statements, procuring goods and services through fair and competitive processes, advancing supplier diversity opportunities, and ensuring a strong internal control environment.

  • Be a visible and active sponsor to the new Cash Service Center program.

  • Bolster the third-party risk management capabilities in connection with Enterprise and Cyber Risk

  • Effectively communicate, advocate, and proactively advance the principles, values, strategy, and priorities of the Bank, bringing managers and leaders along in their understanding and ability to align and execute accordingly.

  • Provide the highest quality service and execution of operational responsibilities and ensure that all governance and control requirements are achieved to the highest standards.

  • Collaborate with colleagues across the Federal Reserve System on committees and advisory groups focused on vision and strategy for financial management and other initiatives.

  • Partner with colleagues within the Bank and throughout the Federal Reserve System to identify and address business needs, using influence and empathy to build relationships by earning trust and confidence.

  • Build on the Bank’s culture of collaboration, diversity and inclusion, and public service in providing an environment that allows employees to grow while being their authentic selves.

What we are looking for:

  • A strategic thinker who will galvanize the team to simplify, innovate and lead thereby taking the corporate group to the next level.

  • Proven experience successfully executing within large and complex environments.

  • Track record of successful leadership to drive results and proactively manage change in a complex and dynamic organizational, and operating environment.

  • Strong collaboration skills, a focus on positive intent and an interest in ensuring strong relationships with an ability to partner effectively with others in the pursuit of common goals.

  • Emotional intelligence, including the ability to build trust in a variety of relationships through candor, reliability and authenticity as well as the capacity to embrace and draw from diversity and inclusion to improve the quality of outcomes.

The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.

Application Deadline: May 17, 2024

Applicants are kindly requested to include a letter of interest along with their application.

Salary Range: $470,000 - 500,000 / year

We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions . 

Benefits:

Our organization offers benefits that are the best fit for you at every stage of your career: 

  • Fully paid Pension plan and 401k with Generous Match 

  • Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA) 

  • Subsidized Public Transportation Program 

  • Tuition Assistance Program  

  • Onsite Fitness & Wellness Center 

  • Executive Benefits

  • And more (https://www.newyorkfed.org/careers/benefits_health.html)  

The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules. (https://www.newyorkfed.org/aboutthefed/ethics-conflicts-of-interest)

This position requires a National Security Clearance, access to which is limited to U.S. Citizens. In addition, candidates must undergo an enhanced background check, comply with _all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and during employment. _  

The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, pregnancy, or military service.

We value accessibility for all candidates and are happy to provide an accommodation or assistance . Please email us at ny.leaves@ny.frb.org and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist _applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box. _  

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.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Banking Strategy

Work Shift

First (United States of America)

The Federal Reserve Banks believe 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 Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)

OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.

OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.

Why Our People Choose Us:

Our reputation precedes us

There will always be room for personal growth

Our people are first

You’ll find the right balance

Your responsibilities will be meaningful

We hope that you will be our future colleague.