Assistant Vice President - National Programs & Policy Risk , Supervision & Regulation

CompanyFederal Reserve Bank of ChicagoThe Federal Reserve Bank of Chicago (Bank) is one of 12 regional reserve banks in the United States. These banks, along with the Board of Governors in Washington, D.C., make up the nation's central bank, which is dedicated to fostering a sound economy and stable financial system.Supervision and Regulation plays a critical role in the Bank's core mission, supervising and regulating state-chartered banks that are members of the Federal Reserve System (System), bank holding companies and financial 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 has strong critical thinking skills, as well as strong verbal and written communications capability. This position can be located in either Chicago or Detroit metropolitan regions.Job Summary:The Bank has an immediate opening within the Supervision and Regulation (S&R) department for an Assistant Vice President (AVP) in the National Programs & Policy Risk (NPPR) Division. The AVP manages teams involved in the Federal Reserve’s Large Institution Supervision Coordinating Committee (LISCC) Program, including Capital Planning, Pre-Provision Net Revenue (PPNR), Interest Rate Risk (IRR)/Securities, and Trading in the Capital Program, as well as Liquidity Program team members. The position will also lead the coordination of local Seventh District cross portfolio capital planning and model risk management initiatives, including the identification and analysis of consolidated capital planning positions and trends, and contribute to financial stability and policy initiatives where appropriate. The AVP of Capital and Liquidity Planning and Analysis Teams is a trusted member of the officer team which provides strategic direction and leadership for S&R. The successful candidate is responsible, along with officer peers, for ensuring resources are appropriately allocated to LISCC capital initiatives. As part of the Bank and S&R leadership, the position works closely with senior leadership to identify business needs and deliver long-term tactical solutions. The successful candidate will be comfortable with dealing with ambiguity, adept at matrixed reporting lines management, and be proactive in building networks through strong collaboration with a focus on building a pipeline of diverse talent.Your Responsibilities:Serves as an effective leader and demonstrates the Bank’s core values, code of ethics and department competencies

Supports and effectively communicates the Bank’s and S&R strategic priorities, business objectives, and goals

Develops future leaders in an inclusive environment and strongly supports the development of others in the NPPR division, S&R, and the Bank

Provides effective feedback and coaching to build technical and leadership skills

Creates an environment that seeks diverse views and perspectives to promote constant improvement to support the professional growth of team members

Coordinates with and develops strong working relationships with numerous stakeholders including System colleagues, National Programs Staff, Reserve Bank management, Board of Governors staff, and colleagues at other supervisory Agencies

Collaborates with managers and staff for the effective identification of risk and trends, and the assessment of risk management practices at supervised institutions, and works on complex supervisory matters requiring a comprehensive evaluation of interrelated factors

Leads or participates in strategic and improvement initiatives and business objectives or S&R and Federal Reserve System (System) projects

Collaborates with the officer team to determine performance expectations and development needs for team managers, and provides leadership direction for development needs of staff members

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

Your Background:Bachelor’s degree in business related area required. Master’s degree with coursework in business related field preferred.

10+ years of direct-work related experience in managing and directing teams with diverse skill sets and knowledge

Familiarity with Capital Planning, MRM, PPNR, and IRR/Securities and Liquidity concepts preferred

Knowledge of regulatory processes and banking laws and regulations and work experience applying knowledge to complex situations

Working knowledge of emerging banking issues, trends and ongoing developments in supervision, as well as a strong understanding of current industry risk management practices and emerging risk concerns

Demonstration of commitment to continuous learning

Demonstrated ability to build credibility and productive partnerships across all levels of an organization

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

Proven ability to deliver strong written communication and facilitate and present products/services with complex concepts

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

Proven ability to lead teams through complex and ambiguous situations and challenges, creating a culture of accountability, trust, transparency, and inclusion.

What we offer:Comprehensive benefits package includes medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym and subsidized cafeteria

A 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, IL Detroit, MI or Des Moines, IA.Other Requirements :Up to 25% Travel

All Federal Reserve Bank of Chicago employees must be fully vaccinated against COVID-19, and receive a booster shot within 30 days of being eligible to do so, unless the Bank grants an accommodation based on medical condition or sincerely held religious belief.

This position requires access to confidential supervisory 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, U.S. permanent residents who are not yet eligible to apply for naturalization and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.

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.

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 TimeFull timeRegular / TemporaryRegularJob Exempt (Yes / No)YesJob CategoryBank ExaminationWork ShiftFirst (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 (https://www.kansascityfed.org/documents/7797/WorkdayPrivacyNotice.pdf)