Mergers and Acquisitions Manager

Company
Federal Reserve Bank of Boston
This job is eligible for a hybrid schedule with some on-site work expected. The individual is expected to reside in the 1st District unless you were given an exception.
The Reserves, Credit, and Applications (RCA) Unit of the Supervision, Regulation, and Credit Department of the Federal Reserve Bank of Boston (FRBB) has an opening for a Risk Manager in our Applications/Mergers and Acquisitions group. The Applications business line analyzes and processes applications filed under various regulations, including the Bank Holding Company Act, the Home Owners' Loan Act, the Federal Reserve Act, the Bank Merger Act, the Change in Bank Control Act, and Regulation K.
The individual will oversee both the daily operations of a business group and the strategic direction and planning within that function. The Mergers and Acquisitions Manager serves as subject matter expert possessing broad expertise in multiple complex functions. The individual will demonstrate good sense and well-reasoned decision-making in situations that may involve complex issues, public scrutiny, market reactions and/or potentially adversarial circumstances. The individual in this role is expected to capably handle all aspects of staffing, including hiring, employee development and coaching to ensure strong outcomes and feedback that effectively informs overall performance management.
The Mergers and Acquisitions Manager engages in hands-on analysis in connection with achieving unit goals, including active participation in System-level and department-level projects. The individual is also expected to remain informed about current policies/practices and seek out opportunities to contribute to System policy development. The Mergers and Acquisitions Manager participates in establishing and achieving department goals and objectives.
Principal Accountabilities:

• Lead and coordinate the review and analysis of First District applications and regulatory filings, the interpretation and enforcement of System policies, banking regulations and statutes and the resultant recommendations to stakeholders.
• Provide mentoring, coaching and training to team members to develop staff members as an empowered, engaged, interactive team having the skills and fluidity to provide support to any of the department's functions while concurrently and independently managing their primary responsibilities.
• Maintain highly advanced technical and analytical skills, including the ability to apply, interpret and explain complex regulatory concepts to both internal and external stakeholders.
• Serve as point of contact for First District institutions, effectively interacting with senior management, Board staff and other constituents, and collaborating internally and across units (legal, safety and soundness and consumer). Effectively influence others and motivate positive change on complex matters and concerns.
• Ensure operation within policies and procedures; demonstrate sound planning and time management skills; prioritize work and resources to meet deadlines; appropriately delegate work to accomplish business objectives.
• Remain up-to-date with the changing environmental factors and current events in the financial services environment (Bank, System, national and international) that have the potential to affect the First District financial institutions, their resulting banking applications and the manner in which they are supervised.
• Promote effective communications among staff and department management. Create and maintain effective liaison relationships with other units and functions of the department to avoid gaps in analytical products and ensure that services performed on their behalf meet quality and timeliness standards.
• Participate in strategic planning activities, including the development of goals and objectives, as well as budgeting, group level resource management and other management/ administrative responsibilities.
• Serve as a role model by playing a leadership role in promoting teamwork and in encouraging a positive work environment. Provide constructive and applicable feedback to management and team members and assume responsibility for resolving issues.

Supervision:
Direct 6-8 employees
Qualifications:

• Master's degree, or equivalent, with a law degree a plus
• 12+ years of work experience that demonstrates applicable technical knowledge or managerial skills.
• Knowledge of the Board's Regulation Y, Regulation H, and related laws a plus. Staff in this position are expected to possess the following essential skills:
• Effectiveness in team and project management, including the ability to build effective teams, manage conflict and appropriately delegate responsibilities.
• People management experience with demonstrated leadership and staff development skills; managerial courage.
• Highly developed conceptualization with the capability to deal with vagueness, assess the situation/problem, and bring forth a conclusion.
• Business acumen, including at least an intermediate knowledge of all of the department's core business activities.

Capability to set priorities and adapt to changing circumstances; demonstrate commitment that high priority goals are met.

• Highly developed ability to tailor communications for different audiences.
• Provide direction and recommendation to internal and/or external stakeholders.
• Staff in this position should also have a track record in positions of increasing responsibility (including in a managerial capacity).
• Overnight travel of up to 10%.

The Federal Reserve Bank is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
As a condition of employment, all Federal Reserve Bank of Boston employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning financial interests - such as stocks or bonds - from banks, savings associations, and systemically important financial institutions or their affiliates, such as bank holding companies or savings and loan holding companies. If you, your spouse or domestic partner, or your minor child own such assets and would be unwilling or unable to divest them if you were to accept a job offer, you should raise this issue with our recruitment team. Applicants should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe.
For this job, any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks.
The second phase, which might not be complete until after you begin working at the Reserve Bank, is an additional risk-based security screening determined by the risk rating of the position. Depending upon the sensitivity of the position, this phase may include, and is not limited to, work and residency eligibility verification, and personal interviews with the candidate, references, and prior employers.
All applicants must have been a US Citizen or a permanent resident who also resided in the United States for at least three (3) years.
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Supervisory/Management
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.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
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