Senior Vice President – Cyber, Business Technology Risk, Shared Service Providers, Financial Markets Utilities, Payments, and Mergers & Acquisitions and Enforcement - Supervision and Regulation Department (Finance)
Company
Federal Reserve Bank of ChicagoThe 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 regulating 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 the Cyber, Business Technology Risk (BTR), Shared Service Providers (SSP), Financial Markets Utilities (FMU), Payments, and Mergers & Acquisitions and Enforcement.
This position serves as a division head, with ultimate responsibility for approximately 70 employees, and is a member of the S&R Executive Committee that provides strategic direction, leadership and expertise for the department. This position directs the efforts of several teams and provide leadership across the System (including the National Cyber Program, Shared Services Providers Program, and System Committees). The teams also provide industry wide horizontal perspective and analysis, monitoring of the current environment for situational awareness, analyzing threats for impact on supervised firms, designing, establishing and executing on supervisory programs, and providing support to System initiatives to enhance our supervisory approach. The division is also responsible for processing expansionary proposals for the 7th District bank holding companies, savings and loan holding companies and state member banks to ensure all statutory factors are consistent with approval as well as provide an independent view of enforcement action strategies. In an executive capacity, the position works closely with senior leadership to identify business needs and delivery of long-term tactical solutions.
**NOTE: This role requires leadership over a broad range of subject areas specific to Supervision and Regulation including Cyber, BTR, SSPs, FMUs, Payments, Mergers & Acquisitions and Enforcement. 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.
Principle 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
Creates an environment that seeks and promotes diverse views, perspectives and an inclusive culture
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
Education:
Bachelor's degree in business related area required. Master's degree preferred.
15+ years of direct-work related experience including at least 10 years of senior leadership
experience. Previous experience in cyber, business technology risk, shared services providers, and/or payments is a plus.
Leadership Competencies – Seeking candidates exhibiting strong acumen in the following areas:
Thinking Strategically - Thinks about issues and navigates relationships to advance the Bank's goals; leads with the future in mind.
Leading Inclusively - Leverages diverse talent, positively impacts culture and engagement, and encourages development for all employees.
Growing Intentionally - Demonstrates self-awareness and continuous development by seeking out feedback and modifying behavior.
Knowledge & Skills:
Demonstrated ability to leverage diverse talents and support DEI, 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 and all levels of an organization
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
What we Offer:
The expected starting salary range for this position is between $372,700 and $440,900 annually in addition to annual performance-based discretionary bonuses. Final salary and offer are determined by the applicant's relevant experience, skills, internal equity, and geographic and other market data.
The Chicago Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.chicagofed.org/careers/thebenefits
A continuous learning environment with opportunities to gain new skills and grow your career.
Location: This is a Hybrid position which will require your presence at one of our 7th District offices (Chicago, Des Moines, Detroit).
Other Requirements:
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.
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 timeRegular / Temporary
RegularJob Exempt (Yes / No)
YesJob Category
Bank ExaminationWork 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.
