Assistant Vice President- Supervisory & Business Analytics, Reporting, and Finance - Supervision & Regulation at Federal Reserve Bank (FRB) in Chicago, Illinois

Job Description:

Company

Federal Reserve Bank of Chicago

Federal Reserve Bank of Chicago:
The Federal Reserve Bank of Chicago is one of 12 Reserve Banks that, along with the Board of Governors in Washington, D.C., constitute the Federal Reserve System, which was established by Congress in 1913. The fundamental mission of the Federal Reserve System is to foster the stability, integrity and efficiency of the nation's monetary, financial and payment systems and to promote optimal economic performance.

To this end, the Federal Reserve Bank of Chicago serves the public interest by participating in the formulation and implementation of national monetary policy; supervising and regulating state member banks, bank holding companies and foreign bank branches; providing financial services to depository institutions, designated financial market utilities, and the U.S. government; and promoting consumer protection and community development.

The Seventh Federal Reserve District serves a five-state region, comprising all of Iowa and most of Illinois, Indiana, Michigan and Wisconsin. The Seventh District has more individual banks than any other Federal Reserve District. It also comprises a considerable part of the nation’s manufacturing base — especially capital goods and consumer durables — as well as agricultural production and food processing.

Supervision & Regulation Department
Supervision and Regulation (S&R) plays a critical role in the Federal Reserve Bank of Chicago's core mission, supervising regulating state-chartered banks that are members of the Federal Reserve System, bank holding companies, financial holding companies and savings and loan holding companies. Our duty is to foster the stability, integrity and efficiency of the nation's monetary, financial and payment systems to promote optimal economic performance. We seek individuals who hold themselves to the highest standards, who flourish in an environment of collaboration and innovation. Our most successful staff have strong critical thinking skills, as well as strong verbal and written communications capability.

Job Summary:
The Federal Reserve Bank of Chicago has an immediate opening within the S&R department for an Assistant Vice President (AVP) of Supervisory & Business Analytics, Reporting, and Finance in the Business Partnerships and Optimization division with 3 managers as direct reports and ultimate responsibility for approximately 14 employees. This position is a trusted member of the Officer team that provides strategic direction and leadership for the department. This position directs the efforts of supervisory & business analytics, reporting insights, and finance teams that contribute to the core supervision and operations within S&R, including enhanced monitoring, position management, budgeting and forecasting, National Cyber Program resource management, and Common Exam Platform and Common Data Platform. As part of the Reserve Bank and S&R leadership, the position works closely with senior leadership to identify business needs and delivery of short-and long-term solutions.

NOTE: This role requires leadership over a broad range of subject areas specific to Supervision and Regulation including data analytics, reporting, and finance.  Please provide a brief overview (cover letter) describing how your experiences have prepared you for this role.  Please also provide why you are interested in this role.

Your Responsibilities:

• Responsible for the business results and development of three managers and their assigned teams. Sets an example of leadership and teamwork that demonstrates the Bank's core values, code of ethics, and performance competencies.


• Determines roles, performance expectations and development needs for direct reports. Provide ongoing feedback and coaching to build technical and interpersonal/leadership skills of managers and provide leadership direction for development needs of staff members.


• Develop and maintain effective relationships with a variety of stakeholders across the Division, Department, Reserve Bank and System to ensure teams are meeting critical business needs.


• Oversees, leads, and or actively participate on multiple large and complex projects simultaneously with the ability to create objectives and track and measure performance of the projects in support of the Division, Department, Reserve Bank or System.


• Oversee and provide strategic direction of the supervisory and business operations analytics and reporting, including for National Cyber Program and Enhanced Monitoring Program.    


• Provides oversight for effective department budgeting and forecasting processes  


• This position works closely with the S&R Executive Committee to ensure timely and accurate reporting on supervisory and business operational metrics. 


• Provides thought leadership and strategic influence on key System initiatives, including Common Data Platform and Common Exam Platform reporting


• Oversee development of the supervisory surveillance approach in support of strategic needs within the Department.


• This position is the chairperson for the department’s Data Steering Committee.

Leadership Competencies – Seeking candidates exhibiting strong acumen in the following areas:

• 
  Thinking Strategically - Thinks about issues and navigates relationships to advance the Bank’s goals; leads with the future in mind; creates a culture of creative problem solving and taking calculating risks.


• 
  Leading Inclusively - Understands and champions the importance of diversity and inclusion through equitable practices; leverages diverse talent and encourages development for all employees; encourages and supports unique and courageous actions including feeling safe to speak up, dissenting, and offering innovative ideas.


• 
  Growing Intentionally - Demonstrates self-awareness and continuous development by seeking out feedback and modifying behavior; seeks out advisors who while challenge both ideas and ways of thinking.

Knowledge & Skills:

• Knowledge and understanding of Supervision and & Regulation processes, functions, and models along with work experience applying data architecture, automation, and advanced analytics to complex situations including both supervisory and business operations.  


• Knowledge and understanding of advanced data concepts: data visualization (dashboards, reports), data analytics (descriptive, predictive, prescriptive analytics), and advanced analytics and workflow automation


• Knowledge and understanding of budgeting and forecasting concepts and practices


• Demonstrated ability to build credibility and productive partnerships across multiple functional areas and all levels of an organization


• Demonstrated ability to provide constructive feedback, identify and develop leadership and management succession and build strong teams, including those in remote locations


• Proven ability to develop strategic plans in a complex business environment while identifying the need for and manage change to realize operational and strategic business improvements


• Proven ability to manage and deliver on multiple, complex projects and initiatives


• Ability to independently multi-task, efficiently prioritize tasks, and drive efforts to completion.


• Ability to effectively challenge while maintaining strong relationships


• Ability to interact with all levels of the organization


• Strong work ethic and integrity to handle confidential/sensitive information

Education:

• Bachelor’s degree in business related area required.  Master’s degree preferred.


• 10+ years of direct-work related experience (S&R and/or data architecture, automation, and advanced analytics) including at least 5 years of management experience. 


• Examiner Commissioning preferred.

What we offer:

Comprehensive benefits package includes medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, pension plan, paid time off, transit benefit, onsite gym and subsidized cafeteria.  A flexible work and continuous learning environment with opportunities to gain new skills and grow your career.

Location:

This position is considered Hybrid. Your presence will be required at one of the 7th District offices- Chicago, Detroit or Des Moines.  Chicago office is preferred.

Other Requirements:

• Ability and willingness to travel (10%)


• 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.


• 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 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.

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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