Sr Vice President & General Counsel

Company

Federal Reserve Bank of Boston

The Federal Reserve Bank of Boston (Bank) is seeking a proven leader as our next Senior Vice President (SVP) General Counsel and Ethics Officer. The ideal candidate will be a collaborative legal executive who brings strategic partnership exemplary communication skills and deep legal expertise to the role. They will lead a department that serves as in-house counsel strategic partners and trusted advisors to the business - providing advice on contracts employment banking & financial services payments intellectual property conflicts of interest and ethics.

About the Federal Reserve Bank of Boston

The Federal Reserve System was founded by Congress in 1913 and serves as the central bank of the United States. Its fundamental mission is to foster the stability integrity and efficiency of the nations monetary financial and payment systems to promote optimal economic performance.

The Federal Reserve Bank of Boston is one of 12 regional Federal Reserve Banks that together with the Board of Governors in Washington D.C. make up the System. Our region the First District encompasses the six states of New England with the exception of Fairfield County. We contribute to communities the region and the nation by conducting high-quality economic research participating in monetary policymaking supervising certain financial institutions providing financial and payments services that underpin the financial system and playing a leadership role in payments innovation.

The Banks approximately 1300 employees are based mostly in the First District and they take great pride in working for an organization whose mission is to promote sound economic growth and well-being regionally and nationally. Our strong organizational culture is built on our core values of community innovation integrity & trust and leadership & excellence.

The head of Legal Services oversees approximately 15 professional team members including counsel paralegals and administration. The SVP reports to the President and CEO of the Bank and serves as a trusted advisor to executive leadership supporting System and Bank initiatives while ensuring legal ethical regulatory and contractual compliance. As a member of the Banks Executive Committee the SVP contributes to the strategic direction and policies of the Bank and serves as a role model for employees and the communities that the Bank serves.

The successful candidate must have a strong commitment to public service and establish and maintain strong relationships with the Banks President First Vice President and other critical System colleagues.

Please include both a resume and cover letter for consideration for this role.

Key Responsibilities

Strategic Legal Leadership & Advisory

• Serves as the senior in-house legal advisor providing counsel and broad-based thought leadership and advice on legal risk exposure and strategic business initiatives to the President First Vice President/COO and other colleagues with exceptional clarity and precision
• Provides proactive dynamic visionary leadership for the legal organization and its people to meet evolving circumstances
• Demonstrates expertise as a strategic legal advisor with the ability to anticipate legal issues or risks and recommend approaches that are flexible and pragmatic in a regulatory and federated environment
• Oversees and manages all legal services provided by the Banks in-house attorneys and outside counsel
• As the Ethics Officer for the Bank ensures that the Bank operates with a commitment to ethics which ensures the Boston Fed remains a trusted organization. This includes assessment of program employee training and oversight of the Banks ethics reporting infrastructure

Communication & Collaboration

• Communicates actively transparently and effectively with a broad range of stakeholders ensuring clarity of message across all levels of the organization
• Collaborates with other members of the Banks senior management team to craft Bank strategies and policies and to shape culture
• Actively participates in System governance groups and builds trusting partnerships with peers across the System
• Serves as a visible thought leader and voice at the Bank throughout the District and across the System
• Represents the Bank in interactions with the Board of Governors within the System with outside agencies as needed and throughout the First District

Consulting & Advisory Excellence

• Identifies emerging risks and opportunities on the horizon and translates them into actionable recommendations
• Acts as a trusted advisor and consultant to leadership providing sophisticated analysis of complex legal issues
• Engages business leaders at the Bank and across the System to identify initiatives and business opportunities where the Legal department can add value or lend expertise
• Provides comprehensive legal guidance on banking supervision and financial services payments governance ethics contracts employment and intellectual property matters
• Demonstrates ability to influence leaders and stakeholders at the highest levels through exceptional relationship management judgment and communication skills

Management & Leadership

• Leads multi-year business planning and ensures the accomplishment of functional goals and aligns with the Banks strategic plan and Systems priorities
• Champions departmental talent management including performance management salary administration and succession planning
• Continually builds leadership capacity and promotes employee development
• Acts as a role model by fostering a culture of collaboration innovation and trust that ensures our people work in an inclusive respectful and impactful workplace
• Creates an environment that rewards and recognizes innovative ideas and appropriate risk-taking

Legal Department Operations

• Establishes and administers business policies procedures and practices
• Provides policy and procedural direction to functional areas to ensure compliance with System and Bank policies
• Maintains the professional competence of Bank attorneys so they can adequately discharge their responsibilities
• Leads the strategic planning and policy development activities for the Legal Services Group

Required Qualifications

Education & Licensing

• J.D. degree from an ABA-accredited U.S. law school
• Current member of the Massachusetts Bar or commitment to become licensed in Massachusetts within one year of hire
• Required licensing certification or registration to practice law

Experience

• 15 years of progressive legal experience in banking financial services or other relevant industry/specialty areas
• Demonstrated depth of legal expertise in banking and financial services with strong knowledge of legal complexities in the banking payments and regulatory environment
• Proven experience working and leading in a highly complex geographically diverse and matrixed organization
• At least 8 years of management experience including direct supervision of attorneys and other professional staff

Core Competencies

Legal Expertise

• Exceptional legal skills including critical analysis of key legal issues ability to develop legal strategy and objectives and sophisticated drafting
• Deep expertise in banking law financial services regulation contracts employment law ethics and governance
• Understanding of the Banks and the Federal Reserve Systems role in the banking payments and regulatory environment

Communication Excellence

• Outstanding written and verbal communication skills with the ability to convey complex legal concepts with clarity and precision
• Exceptional public speaking skills to support role as visible thought leader
• Ability to tailor message and communication style to diverse audiences from technical legal teams to executive leadership

Consulting & Advisory Skills

• Proven ability to serve as a strategic consultant and trusted advisor to senior leadership
• Ability to see around the corner and anticipate legal issues or risks before they materialize
• Strong business acumen and ability to evaluate costs risks and benefits associated with alternative actions
• Skilled at providing pragmatic solution-oriented advice in a complex regulatory environment

Collaboration & Relationship Building

• Strong collaboration skills with demonstrated ability to work effectively across functions and build enterprise-wide relationships
• Ability to establish and maintain positive collaborative working relationships with leaders and colleagues from varied backgrounds
• Proven ability to influence and partner with others in pursuit of common goals
• Exceptional interpersonal skills and emotional intelligence

Leadership Capabilities

• Leading with a strategic action-oriented mindset focused on performance accountability and outcomes; holds self and others accountable
• Serving as an active talent champion coach mentor role model and connector
• Building trust and serving as a helpful and resourceful colleague
• Demonstrating organizational savvy by seamlessly maneuvering through complex policies processes and people dynamics
• Managing ambiguity by comfortably dealing with the uncertainty of change

Other Requirements

• U.S. citizenship and ability to pass an enhanced background screening
• Eligibility to obtain and maintain a top-secret security clearance
• Residency in the First District of the Federal Reserve System within commuting distance of our Boston location
• Willingness to travel up to 25% of working days primarily domestically
• Strong commitment to public service
• Values consistent with the Federal Reserve: thought leadership analytical rigor collaboration personal integrity and commitment to public service

Salary and Benefits

Anticipated Base Salary: $00 Annually. The Boston Fed believes in salary transparency. The final salary and offer will be determined by the applicants background skills internal equity and alignment with market data. Additionally we offer a strong and competitive benefits package which will be detailed to finalists considered for the role.

Ethics Considerations and Prohibited Activities

It is essential for every employee to perform their duties with honesty integrity and impartiality without improper preferential treatment of any person or organization. Bank employees are subject to federal criminal statutes that prohibit financial conflicts of interest. The Banks code of conduct generally prohibits:

• Outside activities inconsistent with employee duties and responsibilities (e.g. holding a position as a director of a publicly traded company)
• Certain partisan political activities such as fundraising or holding partisan elected office
  

The Banks ethics rules generally prohibit employees their spouses/domestic partners and minor children from owning securities such as stock of banks or savings associations or their affiliates. Please review the Banks Code of Conduct and Ethics to ensure compliance.

Background Screening

Due to the nature of access to sensitive information all final offers are subject to clearance of an enhanced background check. All employees assigned to this position will be subject to FBI fingerprint/criminal background and Patriot Act/Office of Foreign Assets Control watch lists at least once every five years.

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.

We will ensure that individuals with disabilities are provided with reasonable accommodation to participate in the job application or interview process perform essential job functions and receive other benefits and privileges of employment.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Executive Family Group

Work Shift

First (United States of America)

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 ( or through verified Federal Reserve Bank social media channels.

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