Supervision Manager - Information Technology and BSA - Regional and Community Supervision (RCS) Division

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

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Multiple locations
Posted on Wednesday, February 7, 2024


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.

Department Overview:
The Supervision and Regulation Department plays a critical role in the Reserve Bank's core mission, supervising and regulating state-chartered banks that are members of the Federal Reserve System, bank holding companies, savings and loan holding companies, financial holding companies, and foreign banking organizations. As part of the Federal Reserve System, our nation’s central bank, 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 and who flourish in an environment of collaboration and inclusion. Our most successful staff have strong critical thinking skills, as well as strong verbal and written communication.

The Regional & Community Supervision (RCS) Division provides supervisory oversight of financial institutions of varying complexities that have a close relationship with the communities they serve. The Information Technology (IT) and Bank Secrecy Act (BSA) team is comprised of individuals who specialize in Information Technology and Bank Secrecy Act/Anti-Money Laundering examination risks within the Regional and Community Supervision Division. The team carries out core supervisory activities, conduct horizontal analysis, lead training, and/or identify key risk trends across the 7th District and the Federal Reserve System.

** 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:

  • Participate in special projects or process improvement initiatives at the team, Division, Department, and/or Federal Reserve System levels.
  • Work on complex issues in which analysis of situations and data requires an evaluation of various factors.
  • Evaluate team skills and assists with building skill sets to meet business needs.
  • Conduct performance and development discussions with team.
  • Review internal processes to ensure effective team function.
  • Review industry trends in relevant technical or professional knowledge areas to determine applicability to the team.
  • Make formal presentations on a wide variety of technical and non-technical topics.
  • Develop and maintains ongoing relationships with staff & management at the Reserve Bank, Board of Governors, and supervised firms.
  • Take an active role in developing and providing effective training, mentoring, and coaching with the goal of building bench strength in the areas of IT and BSA across the Division, Department, and Federal Reserve System.

The level of work is considered advanced with the ability to work under minimal supervision. This position has direct reports.

Your Background:

  • Bachelor's degree or equivalent experience required
  • Advanced degree and/or or relevant industry certifications preferred
  • Seven plus years of direct work-related experience
  • Technical expertise in the area(s) of Information Technology and/or Bank Secrecy Act
  • Advanced analytical and problem-solving skills
  • Independent critical thinking and decision-making
  • Strong written and verbal communication
  • Team oriented with the ability to work collaboratively with both internal and external stakeholders


This position is considered Hybrid, which means your presence will be required at one of the Seventh District offices - Chicago, Detroit, or Des Moines

Other Requirements:

  • Ability and willingness to travel 15%
  • 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. Ability and willingness to travel.
  • This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.
  • 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


Job Exempt (Yes / No)


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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