SVP, Plan Administration - Office

SVP, Plan Administration - Office of Employee Benefits

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Federal Reserve Bank of Atlanta

The Federal Reserve Bank of Atlanta (Bank) serves the Sixth Federal Reserve District, which covers Alabama, Florida, and Georgia, and parts of Louisiana, Mississippi, and Tennessee. The Bank has branches in Birmingham, Jacksonville, Miami, Nashville, and New Orleans. The Bank is a vital component of the nation’s central banking system which is responsible for promoting the stability and efficiency of the U.S. economy and financial system.

The Bank’s work has far-reaching impacts, influencing the economy of the Southeast region, the United States, and the global economy.

Located in Newark, New Jersey, The Office of Employee Benefits (OEB), is a national, shared service provider domiciled within the Federal Reserve Bank of Atlanta. The OEB manages the wide variety of benefits programs for the twelve regional Federal Reserve Banks (Federal Reserve System or FRS), the Board of Governors of the Federal Reserve, and the Consumer Finance Protection Bureau. The OEB designs, implements, and administers a range of benefits programs for approximately 45,000 System employees, retirees, and their beneficiaries.

The Federal Reserve System places tremendous value in attracting, motivating, retaining and engaging employees through its comprehensive benefits programs. The OEB provides leadership in formulating and operating these programs that provide meaningful benefits to meet both the professional and personal needs of our employees. Among the benefit programs managed by the OEB:

• Defined-Benefit Retirement Plan
• Thrift Savings Defined-Contribution Plan (401k)
• Health and Wellness Programs
• Long-term Disability Programs
• Various Executive Benefits Options
• Voluntary Insurance Plans, including Personal Accident, Business Travel, Group Universal Life, Other Voluntary Benefits

The OEB is comprised of approximately 50 staff members who specialize in areas of asset management, health and welfare, information technology, plan administration, finance and accounting, legal and compliance, and communications and education. OEB staff and management value open communication, integrity, teamwork, and respect. The OEB works with senior Federal Reserve System and affiliated management and human resources professionals on an ongoing basis to review existing benefits and analyze emerging trends and new benefits opportunities.

In carrying out its mission, the OEB manages an extensive network of external vendors.

Interested candidates, please express interest by providing your resume to the email address listed here:

The Office of Employee Benefits (OEB) plays a crucial role in administering the Federal Reserve System’s comprehensive benefits programs, supporting the broader benefits strategy. This position will be based out of the Newark office, and candidates must reside within a reasonable commuting distance. On-site presence is required, along with occasional travel to the Atlanta Bank and other Federal Reserve System locations to engage with oversight committees and stakeholders.

Direct reports:

• Staff of approximately 6–9 team members (comprised of an Assistant Vice President of Retirement Plans, Benefits Analysts, Consultants, and Manager)

Other key relationships:

• President and Chief Executive Officer, Federal Reserve Bank of Atlanta
• OEB Senior Leadership Team (Senior Vice President of Health and Welfare Communications, Senior Vice President and OEB Chief Counsel, Senior Vice President and Chief Investment Officer, Senior Vice President and Chief Technology Officer, Executive Vice President and Executive Director, OEB Budget Committee, OEB Risk Management Committee)
• Executive Leadership Committee, Federal Reserve Bank of Atlanta
• Internal Audit, Federal Reserve Bank of Atlanta
• Stakeholder Committees and Other FRS Groups (Administrative Committee (Fiduciary Committee), People Committee, Committee on Investment Performance, Subcommittee on Human Resources, Board of Governors and Reserve Bank Operations and Payments Systems, Payroll Group Leadership)
• External Business Partners (Plan Actuary, Plan…