Executive Secretary Duties and Responsibilities
Paul T. Sanford Biography

Executive Secretary Duties and Responsibilities

The Executive Secretary manages the operations of the Federal Financial Institutions Examination Council (Council) consistent with the goals, priorities, and guidance of Council members. For direction and accountability, the Executive Secretary reports to the Council Chair according to the rules of the agency from which the Executive Secretary is detailed. The principal duties and responsibilities include:

Council Operations. Day-to-day responsibility for:

• Assisting the Council in its identification and communication of annual goals, strategies, and priorities;
• Monitoring, evaluating, and reporting on annual council goals;
• Coordinating the interaction of the Council, agency liaisons, task forces, state liaison representatives, and other parties to Council deliberations;
• Establishing, monitoring, and reporting on the budget;
• Preparing and distributing the Council's annual Report;
• Assessing management processes, internal controls, and use of resources; and
• Providing management oversight of all FFIEC operations.

Task Force Support and Monitoring. Monitoring and supporting the work of task forces and their subcommittees, providing clarification and liaison regarding overall Council policies and objectives, monitoring Council goals and priorities, and providing administrative support requested by the task forces.

Financial Management and Council Administration. Developing and presenting the annual budget to the Council for approval, in consultation with agency liaisons and task force chairs. Managing execution of the budget and overseeing financial management of the Council's activities. The Council's financial activities and statements are audited annually by an external, independent auditor.

Congressional Liaison and Public Relations. Serving as point-of-contact for congressional and press inquiries and requests.

Staff Management. General oversight and management of FFIEC staff, including the Examiner Education Office staff.

Home Mortgage Disclosure Act Data Compilation and Aggregation. Facilitating the Council's HMDA data compilation and aggregation efforts and ensuring they are consistent with mandated requirements and the needs and priorities of the Council and member agencies, as identified by the Task Force on Consumer Compliance (TFCC) and the Council.

Interagency Training. Facilitating the Council's interagency examiner training program and ensuring it is managed in a manner consistent with the needs and priorities of the Council and member agencies, as identified by the Task Force on Examiner Education and the Council.

Community Reinvestment Act. Facilitating the FFIEC efforts to collect, prepare and report Community Reinvestment Act data and ensuring those efforts are consistent with the requirements of the Council and member agencies, as identified by the TFCC and the Council.

Uniform Bank Performance Report. Coordinating the production and distribution of quarterly UBPR and related data.

 

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Paul T. Sanford

Mr. Sanford has served in a variety of capacities in the financial services industry over the past 20 years that provide him with a broad and varied work experience leading up to his present position as the FFIEC Executive Secretary. He has also served on numerous details in areas such as the FDIC's Division of Insurance, Ombudsman's Office, and US Treasury's International Banking Office in addition to the work experience bulleted below:

• Senior Instructional Designer (2004-2008) OCC - Revised, designed, and developed Bank Information Technology and other examination related courses.
• Senior Program Administrator (2002-2004) FFIEC - Facilitated interagency working groups, coordinated interagency conferences, and oversaw vendor training.
• Case Manager (1999-2002) FDIC - Supervised a multi-billion dollar portfolio of banks, performed licensing application review, and completed enforcement and removal actions for the Boston Regional Office.
• Supervisory Examiner (1997-1999) FDIC - Supervised, evaluated, and developed 12 commissioned examiners for the Connecticut Field Office.
• Commissioned Examiner (1991-1997) FDIC - Performed Examiner-in-Charge for both Safety & Soundness and Compliance examinations with specialization in credit, asset liability management, and accounting.
• Senior Credit Analyst (1988-1991) Bank of New England - Analyzed commercial and commercial real estate loans, and real estate joint ventures exceeding $50 million in exposure.

Mr. Sanford earned a Bachelors degree in Business Administration and a Masters of Education from the University of Massachusetts and a Masters of Science in Finance from Boston College, and maintains a CPA license with the state of Massachusetts. He is also a graduate of the USDA's Executive Leadership Program and former Chairman of the FDIC's Boston Regional Diversity Council.

Contact information:
L. William Seidman Center
Mail Stop: D 8073a
3501 Fairfax Drive
Arlington, VA 22226-3550
703-516-5590