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 Vice President (VP) of Cyber Security, Shared Service Providers (SSPs), Financial Market Utilities (FMUs) and Payments within the Enforcement, Mergers & Acquisitions and Specialized (EMAS) Division. This position is a trusted member of the Officer team that provides strategic direction and leadership for the department. This position directs the efforts of several teams that provide industry wide horizontal perspective and analysis, monitor the current environment for situational awareness, analyze threats for impact on supervised firms, design, establish and execute on supervisory programs, and provide support to System initiatives to enhance our supervisory approach. As part of the Bank and S&R leadership, the position works closely with senior leadership to identify business needs and delivery of long-term tactical solutions.

This role requires leadership over a broad range of subject areas specific to Supervision and Regulation including people development, influence, communication, and a commitment to evolving our culture. Please provide a brief overview (cover letter) describing how your experience prepares you for this role.

Your Responsibilities:

• Oversees, leads and/or participates in supervisory guidance creation and implementation, improvement initiatives or department/Bank/System workgroups and initiatives

• Determines roles, performance expectations, and development needs for team managers, and provides leadership direction for development needs of staff members

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

• Coordinates with and maintains strong working relationships with numerous stakeholders including institution management, Reserve Bank management, Board staff, and colleagues at other supervisory agencies

• Coaches and develops others by delivering continuous feedback and ensures a productive performance management process in order to achieve business results

• Communicates and ensures staff understanding of Bank and department goals, objectives operating policies, procedures and regulations

• Responsible for leading talent management activities including hiring, developing, evaluating, and rewarding staff

Your Background:

Education:

• Bachelor’s degree in business related area required. Master’s degree preferred.

• 10+ years of direct-work related experience including at least 5 years of management. experience. Previous experience in cyber security, information technology and/or payments is a plus.

• Examiner Commissioning preferred.

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 talents, 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:

• Knowledge of regulatory processes and regulations and work experience applying knowledge to complex situations.

• Knowledge of emerging issues, trends and ongoing developments in information security, payments, and SSP risk management and supervision, as well as an advanced understanding of current information security, payments, and SSP risk management practices and emerging risk concerns.

• Advanced technical skills and ability to effectively communicate complex concepts.

• Demonstrated ability to 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.

Location:

This position is considered a hybrid position. Your presence will be expected at one of the 7th District locations—Chicago, Detroit or Des Moines. Preferred location- Chicago.

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

Other Requirements:

• Ability and willingness to travel (25%).

• 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.

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.

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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.

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