Director, Compliance and Operations Support at Federal Reserve Bank (FRB) in Minneapolis, Minnesota

Job Description:

Company

Federal Reserve Bank of Minneapolis

The Federal Reserve Bank has a vacancy for a Director, Compliance and Operations Support.

This leadership role has primary day‐to‐day responsibility for Bank’s Sarbanes‐Oxley (SOX)/Public Company Accounting Oversight Board (PCAOB) Audit Standard 5 (SOX/AS5) compliance and COSO. Additionally, you will be responsible for leading the development and implementation of the centralized compliance function for the Bank. Reporting to the Vice President of Risk and Compliance, this is a highly visible position that will collaborate with staff at all levels of the Bank. As the director you will be expected to think and act strategically and critically while collaborating with a diverse group of executives, managers, and professionals. You will be routinely required to meet critical deadlines, manage ambiguity, work across business units, and successfully engage difficult situations.

The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person.

This is not a remote position. This is a hybrid position. Onsite work is an essential function of this position, and you are expected to be in the office at least 3 days per week for meetings and team collaboration, unless directed otherwise by your supervisor.

Application submission preferred date by: 01/13/2025.

Responsibilities:

• Directly responsible for leading, managing, scoping, and coordinating the Bank's SOX/AS5 compliance program.




• Directly responsible for developing and implementing a centralized compliance framework, including development of compliance process, workflow, operating model, tools, and best practices.




• Effectively coordinate, collaborate, and communicate with diverse audiences including external audit firm, Federal Reserve System leaders, and senior leadership at the Reserve Bank.




• Provide expertise on internal controls and risk assessments for financial reporting. Oversee the design, evaluation, and documentation of financial reporting internal controls and coordinate department training on financial reporting internal controls.




• Maintain a thorough understanding of the control environment for key business areas and consult with departments on recommendations for improvement opportunities of key processes and controls.




• This position requires supervisory responsibilities of the team along with timely coaching, feedback and direction to employees to help them develop their capabilities.




• Lead the transition from current COSO/SOX/AS5 reporting process to the newly acquired GRC application for the function.




• Communicate performance expectations, provides ongoing performance feedback, and conducts performance reviews.




• Develop, motivates, and evaluates performance of staff, which includes managing staff to identify developmental assignments and training opportunities, working with individuals on their career goals, delegating responsibilities, providing timely feedback and evaluating performance on any of the preceding duties.




• Play a key role in the full cycle of employment matters, including but not limited to those involving hiring, retention and performance optimization, salary recommendations, and decisions related to the termination of employment, as well as the documentation of these matters.




• Lead or works closely with department officers and the management team to develop a business/strategic plan and formulate, implement, and measure outcomes of the plans and goals for the department.




• Develop team goals and objectives that effectively advance the goals and objectives of the department.




• As appropriate, manage budget development and capital planning processes and review with department officers and the management team.




• Ensures actual expenses conform to approved budget levels.




• Lead and/or participate in department, Bank, District, and FRS work groups` large scale and/or highly complex, multi-year operational and technical projects involving cross-functional and/or cross-District teams in support of strategic initiatives.




• Promote an environment where all employees feel they belong and can contribute to the Bank's work.




• Model and develop an organizational culture that encourages strong employee engagement, fosters a diverse and inclusive workplace, and reduces barriers to productive work.

Qualifications:

• Bachelor’s degree and ten (10) years of relevant experience OR a master's degree and 8 years of relevant experience.




• Experience must include supervisory and or management of a team.




• Experience in financial reporting and/or internal controls. 




• Experience in audit, risk management, compliance and related fields.  




• Strong oral and written communication skills, as well as effective presentation and persuasion capabilities.  




• Demonstrated operations and leadership abilities, including managing multiple and/or highly complex operations.




• Ability to identify key strategic issues affecting areas of responsibility and to demonstrate an understanding of their implications. Sound judgment in deciding which issues merit direct resolution and which require senior management attention. 




• Experience/knowledge of standard business applications and software.  




• strong ability to conceptualize, plan, develop, and coordinate large scale, complex projects. 




• Demonstrated interpersonal skills with the ability to build relationships and form collaborative partnerships with stakeholders. 




• Experience leading, influencing, collaborating and getting things done across departments and locations in a large, matrixed corporate or government setting. 

Desired but not required:  

Certification (e.g. CPA) or graduate degree in accounting, finance, or related field.

​Additional Information:

Salary Range: $140,100- $175,178- $210,200 annually.

Salary offer will be based on qualifications/experience of the candidate, alignment with market data, the needs of the position, our total compensation package, and internal equity. 

Our total rewards program offers benefits that are the best fit for you at every stage of your career:

• Comprehensive healthcare options (Medical, Dental, and Vision)




• 401(k) match, and a fully funded pension plan




• Paid time off and holidays




• Free public transportation passes




• Annual educational assistance




• On-site fitness facility




• Professional development programs, training and conferences




• And more…

The Minneapolis Fed is committed to developing a diverse workforce and providing an inclusive environment where all employees are respected and valued. We believe that we can foster development opportunities for all and reach our full potential by recognizing the unique experiences and identities of each of our colleagues. From economists to cash specialists, we work together to represent you in our economy.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Operations Family Group

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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