The LFBO Division is comprised of banking risk specialists who supervise the largest and most complex domestic, foreign, and specialized banking organizations within the 7th District. LFBO is seeking a Supervision Manager/Deputy Central Point of Contact (DCPC) responsible for assisting one of the current Central Point of Contacts (CPCs) and leading a team of examination staff to supervise a financial institution through a combination of on- and off-site activities.
The Supervision Manager/DCPC will be responsible for directing team contributions on complex risk management and financial matters and overseeing the examination of key risks. The ideal candidate should have strong bank supervision experience, advanced financial analytical skills and have an interest in contributing to the safety of the banking system. This position requires extensive knowledge of the regulatory environment and exceptionally strong written and verbal communication skills. The Supervision Manager may participate in special projects or process improvement initiatives to continuously advance the quality of supervision. The Supervision Manager develops, coaches and leads staff to strengthen their skills. The level of work is considered advanced and the individual must be able to work under minimal supervision. This position has direct reports and the individual must be willing to travel. The individual is expected to work in an environment that values and promotes diverse ideas and collaboration, continuous improvement and mutual respect.
** 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:
Provides thought leadership/expertise and collaborates with dedicated team and other System staff on complex supervisory topics with emphasis on governance & controls, capital risk management, credit risk management, and model risk management.
Evaluates and builds team skill sets to meet business needs
Reviews internal processes to ensure effective team coordination and collaboration across business lines and functions and in accordance with Division requirements
Reviews industry trends in relevant technical or professional knowledge areas and determines applicability to the firm’s risk profile and team functions
Develops and maintains ongoing relationships with staff and management at the Reserve Bank, Board of Governors, State and Federal regulatory partners, and the supervised firm
Conducts performance development discussions and activities with staff that promotes professional development and the Federal Reserve Bank’s core competencies
Attracts, develops, and retains high caliber professional staff with diverse capabilities and backgrounds and develops successors for key roles
Ensures timely identification and strong communication skills to discuss firm-specific and macro-prudential supervisory risks and issues to management, including having experienced knowledge on highly complex subjects
Your Background:
Bachelor's degree or equivalent experience is required
Federal Reserve System Commission or actively working toward commissioning is required
Master’s in Economics, Finance, or Business Administration is preferred
Seven plus years of direct work-related experience. Advanced degree preferred
Strong team managementskills:
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 20%
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.
