Supervision Manager - Dcpc

Federal Reserve Bank Chicago , IL 60602

Posted 2 weeks ago

Large, Specialized and Regional Banks (LSR) Division Supervision and Regulation Department

Supervision Manager / Deputy Central Point of Contact (DCPC)

Job Summary

The LSR Division is comprised of banking risk specialists who supervise the largest, most complex domestic and foreign banking organizations (LFBOs) within the 7th District, as well as specialized and regional banking organizations. LSR is seeking a Supervision Manager/Deputy Central Point of Contact (DCPC) responsible for assisting one of the current Central Point of Contacts (CPCs) and leading a team of examination staff to supervise a financial holding company through a combination of on- and off-site activities.

The Supervision Manager/DCPC will be responsible for directing team contributions on complex risk management and financial matters and overseeing the examination of key risks. The ideal candidate should have strong bank supervision experience, advanced financial analytical skills and have an interest in contributing to the safety of the banking system. This position requires extensive knowledge of the regulatory environment and exceptionally strong written and verbal skills. The Supervision Manager may participate in special projects or process improvement initiatives to continuously advance the quality of supervision. The Supervision Manager develops, coaches and leads staff to strengthen their skills. The level of work is considered advanced and the individual must be able to work under minimal supervision. This position has direct reports and the individual must be willing to travel. The individual is expected to work in an environment that values and promotes diverse ideas and collaboration, continuous improvement and development and mutual respect.

Principal Duties and Responsibilities

  • Works on complex supervisory matters requiring a comprehensive evaluation of interrelated factors

  • Evaluates team skills and assists with building team skill sets to meet business needs

  • Reviews internal processes to ensure effective team coordination and collaboration across business lines and functions and in accordance with Division requirements

  • Reviews industry trends in relevant technical or professional knowledge areas and determines applicability to the firm's risk profile and team functions

  • Develops and maintains ongoing relationships with staff and management at the Reserve Bank, Board of Governors, State and Federal regulatory partners and supervised firm

  • Conducts performance development discussions and activities with staff that promotes professional development and the Federal Reserve Bank's core competencies

  • Attracts, develops, and retains high caliber professional staff with diverse capabilities and backgrounds and develops successors for key roles

  • Ensures timely identification and strong communication skills to discuss firm-specific and macro-prudential supervisory risks and issues to management, including having experienced knowledge on highly complex subjects (including enterprise and independent risk management; legal, compliance and credit risks; lines of business and model risk management)

Qualifications & Requirements

  • Bachelor's degree or equivalent experience required

  • Federal Reserve System Commission or actively working toward commissioning required

  • Master's in Economics, Finance, or Business Administration preferred

  • Five plus years of direct work related experience

  • Up to five years of management experience

Knowledge & Skills

  • Strong team management skills

o Ability to assess talent and create accountability within the team

o Ability to lead teams and create productive team dynamics and leverages strengths of staff for both the team and LSR division

o Ability to anticipate change that impacts the team and revises direction as needed

o Business judgment and decision making to make decisions in the best interest of the team

  • Strong communication skills

o Ability to communicate in an inclusive, clear and concise manner within direct realm of responsibility

o Possesses the ability to solicit broad input to promote diversity of thought in coming to conclusions

o Possesses the ability to initiate and nurture relationships when most directly impacts the work

  • Understands risk focused supervision and processes as outlined in System expectations

  • Ability to execute and communicate strategy by leveraging business knowledge

  • Advanced decision making and problem solving skills

  • Ability to learn continuously by understanding own strengths and weaknesses

  • Openness to feedback and modifies behavior when necessary

Other Requirements

  • Ability and willingness to travel up to 10%-20%

  • This position requires access to confidential supervisory 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, U.S. permanent residents who are not yet eligible to apply for naturalization and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.

  • 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.

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Supervision Manager - Dcpc

Federal Reserve Bank