Head of Property Management
Federal Reserve System
New York, New York
Full-Time
$565
OfficeDirector
Our Unique Work:
The Corporate Group serves as a strategic business partner Bank-wide, delivering innovative solutions and value-added resource and financial management to support the Bank's mission and objectives. Within this group, the Corporate Real Estate Function coordinates and administers all real estate operations for the Bank's 1.6 million square foot portfolio, including three owned assets with two 24x7 mission-critical facilities, ensuring operational safety, resiliency, and security through comprehensive planning, maintenance, and management of all facilities, infrastructure, and grounds.
The Head of Property Management is responsible for leading all aspects of facilities operations and maintenance including electrical and mechanical engineering operations (heating, lighting, water, power, and cooling plant equipment) ensuring the Bank’s employees are provided with a safe, clean and positive work environment. and large-scale capital projects.
How You’ll Make an Impact as the Head of Property Management
Protect National Security and Payment System Infrastructure
Ensures uninterrupted operation of facilities supporting the Federal Reserve System's critical functions, including 24x7 data center operations and Cash Services Operations that are essential to national payment system stability—directly impacting the strength of the U.S. economy and financial system security.
Safeguard Mission-Critical Business Continuity
Oversees property management operations that process over 25,000 work orders annually, maintaining critical building systems that support Markets operations, National IT data centers, Federal Reserve Financial Services (FRFS), and crisis management capabilities—any degradation directly threatens operational resiliency for the entire Federal Reserve System.
Ensures Safety and Compliance Across 1.6M Square Feet
Leads comprehensive safety risk assessments and regulatory compliance across a $565M-$2.2B portfolio, protecting the safety and security of Bank employees, customers, visitors, and tenants while managing complex requirements like NYC decarbonization mandates, life safety systems, and OSHA standards with substantial financial penalties at stake.
Drives Strategic Transformation and Innovation
Leads critical modernization initiatives including the Smart Buildings Program technology roadmap (driven by evolving information security threats), IWMS integration, and manages major transitions like CSC and EROC decommissioning—positioning the Bank for future operational efficiency while maintaining service excellence.
Steward Significant Financial Resources
Manages approximately $120M in combined operating and capital budgets with strategic oversight that avoids operational failures, prevents costly emergency contractor support, and enables efficient execution of the CRE strategic plan—demonstrating fiscal responsibility critical to the Bank's mission delivery.
The Unique Skill Sets We’re Looking For:
24x7 Critical Operations Management Experience
Demonstrated expertise managing mission-critical facilities that operate around the clock, particularly supporting essential infrastructure like data centers and operational resiliency systems that cannot experience service interruptions.
Large-Scale Commercial Property Management Expertise
Proven experience leading institutional-scale real estate portfolios (the Bank’s portfolio is 1.6M square feet valued at $565M-$2.2B), with responsibility for comprehensive facilities operations including electrical, mechanical, HVAC, and building infrastructure systems.
Regulatory Compliance and Building Codes Knowledge
Strong understanding of and ability to ensure compliance with NYC building codes (including LL97 decarbonization requirements), Federal regulations, OSHA standards, and life safety systems—all with fixed deadlines and substantial financial penalties for non-compliance.
Manage a complex Budget and Financial Management
Capability to manage substantial operational and capital budgets (approximately $60M operating budget annually, $80M combined), including detailed financial reporting, cost avoidance strategies, and stewardship of significant capital projects.
Lead Large, Diverse Teams and Vendor Networks
Demonstrated success leading and mentoring talent across complex organizations (approximately 65 staff + 35 contracted personnel across multiple locations), while managing relationships with critical maintenance vendors, consultants, construction contractors, and internal stakeholders at the Federal Reserve System level.
Note: Professional Engineer (PE) certification and credentials such as BOMA, IFMA, or CoreNet preferred but not requirement.
Other Things to Know:
Salary Range: $250000 - $350000 / year
We believe in transparency at the New York 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.
Posting Deadline: June 8th 2026
How We’ll Support You:
Our programs and benefits are designed to support you through all your life stages:
Learning & Growing: Educational assistance, career development tools, and stretch opportunities
Supporting Your Family: Parental leave, adoption assistance, back-up dependent and elder care, college planning resources, and more
Managing Your Health: Comprehensive insurance plans, leave policies, onsite Health & Wellness Center, and onsite Fitness Center
Optimizing Your Finances: Pension plan, 401(k) with generous match, financial planning resources, and subsidized public transportation program
Our Culture is deeply grounded in our Touchstone Behaviors— By working with us, you’ll have the opportunity to develop and demonstrate your ability to Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achieve success and set clear expectations for leading with impact at every stage of your career. Learn more.
Apply now if you’re ready to join us in strengthening the U.S. economy together. Want to consider our other opportunities? Click here to see all our open roles.
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.
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.
Tier 3 – Secret - National Security Clearance - This position requires a National Security Clearance, access to which is limited to U.S. Citizens.
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.
In addition, candidates must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and during employment.
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.