Supervision Manager- CRA Risk Specialists, Bank Outreach, and Consumer Compliance Operations at Federal Reserve Bank (FRB) in Chicago, Illinois

Job Description:

Company

Federal Reserve Bank of Chicago

The Federal Reserve Bank of Chicago is one of 12 regional reserve banks in the United States, along with the Federal Reserve Board of Governors in Washington, D.C., which make up the nation's central bank. The Bank is committed to adhering to a culture of excellence, respect, integrity, and responsibility.

As part of its core mission, the Supervision & Regulation (S&R) Department of the Federal Reserve Bank of Chicago is responsible for supervising and regulating state-chartered banks that are members of the Federal Reserve System, bank holding companies, and financial holding companies. Organizations within the boundaries of the Seventh District are located within Illinois, Indiana, Michigan, Wisconsin, and Iowa. Our duty is to foster the stability, integrity, and efficiency of the nation's monetary, financial and payment systems to promote optimal economic performance.

The Supervision Manager manages a team of individuals who carry out and support core supervisory activities, conduct horizontal analysis and/or identify key risk trends across the 7th District and the Federal Reserve System. The Supervision Manager is responsible for and has demonstrated success in managing one or two disciplines or risks.

The Supervision Manager is not typically assigned to specific exams and generally provides tools to assist bank examination operations and handles complex questions from subject matter experts, leadership, examiners in the field, or from the Board of Governors. The Supervision Manager may participate in special projects or process improvement initiatives at the team, Division, Department, or System level to continuously advance the quality of bank supervision.

The Supervision Manager develops, coaches, and leads staff to strengthen their skills as in bank supervision, Community Reinvestment Act (CRA) subject matter expertise, and/or supervision support. This position provides an opportunity to lead a team of CRA experts engaged in serving the public interest by ensuring fair and responsible interactions between banks and their customers, and bank reinvestment within the communities they serve. In addition, this position provides an opportunity to lead an aspect of consumer compliance supervisory operations.

In this role, the Supervision Manager will focus their attention on CRA bank supervision, bank outreach, and Consumer Compliance administration. The level of work is considered advanced, and the individual must be able to work under minimal supervision and possess the ability to lead multiple teams with diverse job responsibilities. This position has direct reports.

** Please provide a brief overview (cover letter) of your interest in the role and how your experience prepares you to be immediately impactful in this role. **

Your Responsibilities:

• Coordinates team member activities with other leaders within the Department and System




• Leads and contributes to teamwork within the business unit and across the department




• Works on complex issues in which analysis of situations and data requires an evaluation of various factors




• Implements operational processes that support the Consumer Compliance portfolio administration operations




• Reviews internal processes to ensure effective team function




• Reviews industry trends in relevant technical or professional knowledge areas and determines applicability to the team functions and the Department




• Develops and maintains ongoing relationships with staff and management within the District, Board of Governors, supervised firms and other Reserve Banks or regulatory agencies




• Evaluates team skills and assists with building team skill sets to meet business needs




• Evaluates team member performance, provides coaching and performance feedback broadly to others in the Department, and reviews and reviews and approves the work of others




• Coaches and develops staff and ensures a productive performance management process




• Recommends promotions, salary actions and makes effective hiring and personnel decisions

Your Background:

• Bachelor's degree or equivalent experience required


• Master’s degree Economics, Finance, or Business Administration, Public Policy, Education, Political Science preferred


• Five plus years of direct work-related experience or risk management experience required


• Well versed in CRA and risk focused supervision


• Demonstrates business judgment, independent thinking and decision-making abilities


• Strong written and oral communication abilities


• Possesses the ability to lead, and develop teams, assess talent and create accountability


• Possesses the ability to execute and communicate strategy by leveraging business knowledge


• Possesses the ability to lead effective change management


• Possesses the ability to formally present and train on complex subject


• Possesses the ability to lead multiple teams with diverse job responsibilities

Strong team management skills:

• Ability to assess talent and create accountability within the team


• Ability to lead teams and create productive team dynamics and leverage strengths of staff for both the team and LFBO division


• Ability to anticipate change that impacts the team and revise direction as needed


• Business judgment to make decisions in the best interest of the team

Strong communication skills:

• Ability to communicate in an inclusive, clear and concise manner within direct realm of responsibility


• Ability to solicit broad input to promote diversity of thought in coming to conclusions


• Understands risk focused supervision and processes as outlined in System expectations


• Ability to execute and communicate strategy by leveraging business knowledge


• Strong problem solving skills 


• Ability to learn continuously by understanding own strengths and weaknesses


• Openness to feedback and modifies behavior when necessary

What we Offer:

• Comprehensive benefits package, including medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off and transit benefit.


• A continuous learning environment with opportunities to gain new skills and grow your career.


• A wide range of Diversity, Equity, and Inclusion community groups as well as active employee resource groups and mentorship programs.


• Onsite gym and subsidized cafeteria.

Location:

• This is a Hybrid position.  Your presence will be expected at one of the 7th District offices—Chicago (preferred), Des Moines or Detroit. Preferred location, Chicago, IL.

Other Requirements:

• Ability and willingness to travel up to 10%




• As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.




• This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo applicable background checks and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. Citizen and pursue a path to citizenship.




• This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.

             

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Bank Examination

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

Apply Now