Credit Risk Manager- Central Bank Services

Federal Reserve Bank of Philadelphia • Chicago, IL

14h • Onsite

About The Position

The Credit Risk Manager leads the functions of Financial Conditioning Monitoring, Reserve Analysis, and Payments System Risk areas. This role oversees the coordination of daily activities to ensure operational effectiveness, proper internal controls, and evaluation of potential risks posed by financial institutions. The manager makes decisions regarding risk mitigation efforts and serves as the primary contact for depository institutions, regulatory agencies, other Reserve Banks, and the Board of Governors on Credit Risk Management issues. This leadership position involves conducting performance reviews, providing feedback and coaching, making staffing decisions (recruiting, salary, rotational opportunities, recognition), and guiding staff development and careers. The work is advanced, requiring minimal supervision, and problem-solving relies on extensive experience and technical expertise. This job has direct reports.

Requirements

• Master’s degree or Bachelor’s degree with equivalent experience in Accounting, Business Administration, Finance, or related field.
• 7-10 years of direct work-related experience including management or people leadership.
• Ability to prioritize and meet deadlines.
• Ability to work with / lead a team.
• Broad knowledge of banking operations and financial markets as well as the procedures and services of related areas (e.g. Accounting and Supervision and Regulation).
• Strong verbal and written communication skills.
• Strong presentation and data analysis skills.
• Advanced knowledge of business-related software applications (e.g. create and interpret queries).
• Talent Leadership skills including the ability to provide feedback, coaching and staff development.
• Ability to understand and develop high-level strategy while understanding the tactical impact on core operations.
• Ability to be persuasive in group settings, clearly share ideas and affect outcomes of local and/or System projects and initiatives.
• Ability to adapt and assess operational changes and maintain openness to feedback for continuous improvement.
• Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.
• Compliance with the Bank’s ethics rules regarding ownership of securities of banks or their affiliates.

Nice To Haves

• Additional screening requirements due to the information accessed while performing the job.

Responsibilities

• Oversee the development of performance goals and development plans for employees.
• Establish measurements to evaluate team skills to assist the team in building skill sets required to support business needs.
• Evaluate performance results, complete performance appraisals, and coach staff on job performance.
• Make ultimate hiring recommendations to Officers.
• Implement and drive strategies that support division and System initiatives.
• Communicate strategic initiatives to key stakeholders and senior management within the Bank.
• Provide input on strategic decisions that impact the organization.
• Be accountable to senior management for results of internal/external audits and Board operations reviews.
• Participate and lead strategically focused System work groups related to operations, application enhancements, and testing.
• Evaluate and recommend changes in policies, procedures, and practices for the Discount Window, Payments System Risk, and/or Reserves senior management and System committees.
• Provide direction to staff for their analysis and proposals relating to System projects and work groups.
• Responsible for completion of budget planning, budget monitoring, and updating the division scorecard.
• Responsible for completion of compliance-related functions (e.g., access reviews, records management).

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager