Head of Real Estate Strategy & Capital Management

Company

Federal Reserve Bank of New YorkWorking 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.

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.

What we do:

The Corporate Group is dedicated to being a trusted, strategic business partner to clients Bank wide. The Group delivers a broad range of innovative, impactful solutions that foster the Bank's ability to meet its mission. The Corporate Group is aligned across its functions to provide superior services and value-added resource and financial management that seamlessly support our clients' and the Bank's objectives.

The Corporate Real Estate Function is responsible for coordinating, integrating and administering a range of diverse real estate functions to support the safety and resiliency of the Bank’s operations. The Bank’s real estate portfolio is approximately 1.6 million square feet consisting of three owned assets two of which are 24 x 7 mission critical facilities. Areas of responsibility include planning, managing, repairing and maintaining the Bank's facilities, infrastructure and grounds to ensure the safety and security of the Bank's employees, customers, visitors, tenants and property.

Your role as Head of Real Estate Strategy & Capital Management:
The Head of Real Estate Strategy & Capital Management has a span of responsibility associated with the management of the real estate portfolio of the NY Fed inclusive of its strategic orientation with the Bank, workplace strategy, and capital improvement programs/projects as well as real estate controls program.

What we are looking for:
Senior leader with corporate real estate, project management, workplace design, and controls acumen.

• Extensive experience in corporate real estate and workplace design management or Real Estate Program Management.
• Extensive experience in capital improvement management / in leading the planning, design and construction of mission critical facilities. • Experience in a real estate development/workplace design role.
• Senior leader with proven leadership skills across people management, complex problem management, collaboration, influencing, decision making, judgement and project execution.
• Leader with proven ability to communicate complex problems to senior stakeholders and executives.
• Proven experience building and managing diverse teams.
• Proven track record of collaboration and influence across complex organizations.

Responsibilities

• Oversees real estate strategic planning, design and project management for a 1.6 million square foot portfolio housing approximately 3,000 staff.
• Responsible for providing executive oversight to overall office layout and interior design, all aspects of the general office aesthetics and ensuring that all lighting, electrical and ergonomic requirements are met as well as allocation of office space to meet the Bank’s business requirements.
• Responsible for the executive oversight of significant project portfolio on a bank-wide scale.
• Responsible for operational planning, capital budgeting and forecasting of the real estate project portfolio.
• Oversight of a diverse staff of approximately 22 across multiple locations coupled with indirect vendor resources such as moving services, etc.
• Lead and direct Bank or System engagements, tasks forces, workgroups, etc., pertaining to issues relevant to Real Estate, and provide thought leadership to various levels of the organization and the Federal Reserve System.
• Build relationships and maintain effective communication and coordination across the Bank, other Reserve Banks, the Board of Governors, vendors, industry groups while ensuring the interests of the Bank and System are served.
• Oversees the Real Estate Controls Program which includes project controls, CRE’s facility condition assessment and indexing as well as management of the CRE Compliance manual, risk tracking and reporting, etc.

Skills and Qualifications:

• Strategic Management:

- Real estate and workplace strategies
- Capital program management

- Controls program management

• Analytical Skills:

- Strong analytical abilities to assess project performance data.
- Capability to establish performance metrics and identify areas for improvement.

- Communication and Collaboration: o Manage a team of internal and external resources to provide excellent planning, design and construction services. o Engage with senior executives and other personnel to communicate real estate and workplace strategies, projects status and proactively solicit feedback regarding customer satisfaction levels.

• Financial Acumen:

- Understanding of budgeting, cost control, and financial management.
- Experience coordinating payments and managing project expenses.

- Understanding market conditions, inflation, and escalations of budgets.

• Risk Management:

- Proactive approach to risk identification and mitigation.

- Ability to develop strategies to address potential project challenges.

Application Deadline: Tuesday, September 10th 2024
Applicants are kindly requested to include a letter of interest along with their application.

Salary Range: $ 275000 - $325000 / 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.

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.

Benefits:

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

• Build relationships and maintain effective communication and coordination across the Bank, other Reserve Banks, the Board of Governors, vendors, industry groups while ensuring the interests of the Bank and System are served.
• 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
• Executive Benefits
• Onsite Fitness & Wellness Center
• And more

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.

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.organd 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

Real Estate

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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