Senior Vice President – Regional & Community Supervision

Federal Reserve System • Chicago, IL

2d • Onsite

About The Position

For consideration, 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. 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 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 a Senior Vice President (SVP) of Regional & Community Supervision (RCS). This position serves as a division head, with ultimate responsibility for approximately 100 employees, and is a member of the S&R Executive Committee that provides strategic direction, leadership and expertise for the department. The position is responsible for directing the risk-focused supervision of state member community and regional banks and bank holding companies with $100 billion or less in total consolidated assets, as well as small shell holding companies and savings and loan holding companies with less than $1 billion in total consolidated assets. The successful candidate will lead a division of examination and supervision professionals, provide strategic direction for the supervisory program, and serve as a key liaison between supervised institutions, senior leadership, and other regulatory stakeholders. This role requires extensive knowledge of banking operations, risk management, regulatory frameworks, and the ability to assess complex financial conditions and emerging risks within the banking sector.

Requirements

• Bachelor’s degree in business related area required.
• 15+ years of direct-work related experience including at least 10 years of senior leadership experience.
• Demonstrated ability to leverage diverse talents, enhance culture and engagement, and partner with individuals with a wide variety of professional expertise and personal experiences
• Knowledge of regulatory processes and regulations and work experience applying knowledge to complex situations
• Demonstrated ability to influence, persuade and build credibility and productive partnerships across multiple functional areas, all levels of an organization and with other regulatory agencies
• 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 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
• Ability and willingness to travel (20%).
• 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.

Nice To Haves

• Master’s degree preferred.
• Previous experience in direct safety & soundness supervision of state member banks and bank holding companies preferred.

Responsibilities

• Provides strategic direction and oversight to achieve the department’s vision, mission, and strategic priorities
• Oversees, leads and/or participates in supervisory guidance creation and implementation, improvement initiatives or department/Bank/System workgroups and initiatives
• Provides team members with a strategic vision, active mentorship, ongoing coaching, specific direction and opportunities for professional growth
• Fosters a workplace atmosphere that supports and reinforces positive employee engagement and experience
• Maintains strong working relationships with senior leaders within the Bank and Federal Reserve System as well as with institution management, and colleagues at other supervisory agencies
• Communicates and ensures staff understanding of Bank and department goals, objectives operating policies, procedures and regulations
• Oversees talent management activities for the division including hiring, developing, evaluating, and rewarding staff

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: Executive