Supervision Manager- Cra Risk Specialists, Bank - Chicago, United States - Federal Reserve Bank of Chicago

Federal Reserve Bank of Chicago
Federal Reserve Bank of Chicago
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Chicago, United States

3 weeks ago

Mark Lane

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Mark Lane

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Federal Reserve Bank of Chicago


The Federal Reserve Bank of Chicago is one of 12 regional reserve banks in the United States, along with the Federal Reserve Board of Governors in Washington, D.C., which make up the nation's central bank.

The Bank is committed to adhering to a culture of excellence, respect, integrity, and responsibility.


As part of its core mission, the Supervision & Regulation (S&R) Department of the Federal Reserve Bank of Chicago is responsible for supervising and regulating state-chartered banks that are members of the Federal Reserve System, bank holding companies, and financial holding companies.

Organizations within the boundaries of the Seventh District are located within Illinois, Indiana, Michigan, Wisconsin, and Iowa.

Our duty is to foster the stability, integrity, and efficiency of the nation's monetary, financial and payment systems to promote optimal economic performance.


The Supervision Manager manages a team of individuals who carry out and support core supervisory activities, conduct horizontal analysis and/or identify key risk trends across the 7th District and the Federal Reserve System.

The Supervision Manager is responsible for and has demonstrated success in managing one or two disciplines or risks.


In this role, the Supervision Manager will focus their attention on CRA bank supervision, bank outreach, and Consumer Compliance administration.

The level of work is considered advanced, and the individual must be able to work under mínimal supervision and possess the ability to lead multiple teams with diverse job responsibilities.

This position has direct reports.


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:

  • Coordinates team member activities with other leaders within the Department and System
  • Leads and contributes to teamwork within the business unit and across the department
  • Works on complex issues in which analysis of situations and data requires an evaluation of various factors
  • Implements operational processes that support the Consumer Compliance portfolio administration operations
  • Reviews internal processes to ensure effective team function
  • Reviews industry trends in relevant technical or professional knowledge areas and determines applicability to the team functions and the Department
  • Develops and maintains ongoing relationships with staff and management within the District, Board of Governors, supervised firms and other Reserve Banks or regulatory agencies
  • Evaluates team skills and assists with building team skill sets to meet business needs
  • Evaluates team member performance, provides coaching and performance feedback broadly to others in the Department, and reviews and reviews and approves the work of others
  • Coaches and develops staff and ensures a productive performance management process
  • Recommends promotions, salary actions and makes effective hiring and personnel decisions

Your Background:

  • Bachelor's degree or equivalent experience required
  • Master's degree Economics, Finance, or Business Administration, Public Policy, Education, Political Science preferred
  • Five plus years of direct workrelated experience or risk management experience required
  • Well versed in CRA and risk focused supervision
  • Demonstrates business judgment, independent thinking and decisionmaking abilities
  • Strong written and oral communication abilities
  • Possesses the ability to lead, and develop teams, assess talent and create accountability
  • Possesses the ability to execute and communicate strategy by leveraging business knowledge
  • Possesses the ability to lead effective change management
  • Possesses the ability to lead multiple teams with diverse job responsibilities

Strong team management skills:

  • Ability to assess talent and create accountability within the team
  • Ability to lead teams and create productive team dynamics and leverage strengths of staff for both the team and LFBO division
  • Ability to anticipate change that impacts the team and revise direction as needed
  • Business judgment to make decisions in the best interest of the team

Strong communication skills:

  • Ability to communicate in an inclusive, clear and concise manner within direct realm of responsibility
  • Ability to solicit broad input to promote diversity of thought in coming to conclusions
  • Understands risk focused supervision and processes as outlined in System expectations
  • Ability to execute and communicate strategy by leveraging business knowledge
  • Strong problem solving skills
  • Ability to learn continuously by understanding own strengths and weaknesses
  • Openness to feedback and modifies behavior when necessary

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 environm
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