Job Information
Federal Reserve System AVP, Health & Welfare in Newark, New Jersey
Company
Federal Reserve Bank of Atlanta
As an employee of the Atlanta Fed working for the Office of Employee Benefits (OEB) in Newark, NJ, you will help support our mission of promoting the stability and efficiency of the U.S. economy and financial system. Your work will affect the economy of the Southeast, the United States, and the world. The work we do here is important, and how we do it is just as important as what we do. We live our values of integrity, excellence, and respect every day. We do the right thing, we do things right, and we treat people right. A career at the Federal Reserve Bank of Atlanta gives you the chance to do work that touches lives and helps communities prosper.
General Summary:
You will be working in Newark, N.J. for the Office of Employee Benefits (OEB), a division of the Federal Reserve Bank of Atlanta, and will lead a team of professionals responsible for the management and strategic direction of health care, income protection, and wellness plans for the Federal Reserve System (FRS).
The OEB is responsible for the administration of the FRS benefits programs, supporting a broad benefits strategy. You will be accountable for the development, oversight, administration, communication, and measurement of these benefits programs. You will be part of the OEB health and welfare leadership team responsible for providing oversight, strategic direction and development opportunities for other People Leaders and experienced professionals who serves as the vendor managers and process owners for these programs. You will report to the SVP Health and Welfare.
In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.
We are a hybrid work environment.
Location: You must live within commuting distance of the Newark, N.J. office.
Key Responsibilities:
Responsible for the management and strategic direction of health care, income protection, and wellness plans.
Effectively manage staff resources to ensure alignment with FRS strategic direction.
Provide leadership and oversight, development opportunities, and strategic direction to other People Leaders and experienced benefits professionals. Perform personnel management functions such as hiring, staff development, employee performance appraisals, compensation decisions, and other personnel actions.
Provide strategic direction for long-term results by studying and evaluating benefit trends and the environmental landscape to analyze all assigned benefit plans and make vendor recommendations. Recommend benefit plan design & enhancements, communicate developments in the benefits marketplace, and continue to be well versed in industry best practices - leveraging information to make strategic recommendations.
Advise, educate, and influence others across the Federal Reserve System and cross functionally within the OEB on various benefit program topics including new benefit programs, regulatory changes and policies and procedures.
Education: Bachelor's Degree or 4 years equivalent experience; Master's Degree preferred
Experience:
Eight plusyearspreferred
Broad management and people leadership skills
Comprehensive understanding of Health and Welfare and how it fits within the Bank, and competitive environment
Managerial Competencies
Communicates Effectively
Displays Interpersonal Savvy
Demonstrates Decision Quality
Develops and Engages Talent
Ensures Accountability
Exhibits Courage
Reflects a Strategic Mindset
Values Differences
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).
The Federal Reserve Bank of Atlanta is an equal opportunity employer.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
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.