Leads the functions of the Financial Conditioning Monitoring, Reserve Analysis and Payments System Risk areas and oversees the coordination of the daily activities of the department to ensure the effectiveness of daily operations. Ensures proper controls of internal operations, evaluates potential risk posed by financial institutions, and makes decisions regarding risk mitigation efforts for the Financial Conditioning Monitoring and Payments Systems Risk, and/or Reserve Analysis units. Serves as primary contact to depository institutions, regulatory agencies, other Reserve Banks and the Board of Governors regarding Credit Risk Management issues. The position plays a key role in the leadership of the functions and requires conducting performance reviews, providing feedback and coaching to staff, making decisions on staffing needs (i.e. recruiting, salary decisions, rotational opportunities, and recognition), development of staff and career guidance. The level of work required is considered advanced and the individual must be able to work under minimal supervision. Problems are solved with advanced experience and highly technical expertise. This job has direct reports. Your Responsibilities: • Oversee the development of performance goals and development plans for employees and establish measurements to evaluate team skills in order to assist the team in building skill sets required to support business needs • Evaluates performance results, completes performance appraisals, and coaches staff on job performance • Makes ultimate hiring recommendations to Officers Strategic Initiatives: • Implements and drives strategies that support division and System initiatives • Communicate strategic initiatives to key stakeholders and senior management within the Bank • Provides input on strategic decisions that impact the organization Internal / External Audits: • Accountable to senior management for results of internal/external audits and Board operations reviews • Policy Development / Implementation and Work Groups: • Participates and leads strategically focused System work groups related to operations, application enhancements and testing • Evaluates and recommends changes in policies, procedures, and practices for the Discount Window, Payments System • Risk, and/or Reserves senior management and System committees • Provides direction to staff for their analysis and proposals relating to System projects and work groups Administrative Responsibilities: • Responsible for completion of budget planning, budget monitoring, and updating the division scorecard • Responsible for completion of compliance-related functions (i.e. access reviews, records management) • Education and Experience: • Master's degree or Bachelor's degree with equivalent experience in Accounting, Business Administration, Finance, or related field • 7-10 years of direct work-related experience including management or people leadership Your Background: • Ability to prioritize and meet deadlines • Ability to work with / lead a team • Broad knowledge of banking operations and financial markets as well as the procedures and services of related areas (e.g. Accounting and Supervision and Regulation) • Strong verbal and written communication skills • Strong presentation and data analysis skills • Advanced knowledge of business-related software applications (e.g. create and interpret queries) • Talent Leadership skills including the ability to provide feedback, coaching and staff development • Ability to understand and develop high-level strategy while understanding the tactical impact on core operations • Ability to be persuasive in group settings, clearly share ideas and affect outcomes of local and/or System projects and initiatives • Ability to adapt and assess operational changes and maintain openness to feedback for continuous improvement What we offer: • Comprehensive benefits package includes medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym and subsidized cafeteria • A continuous learning environment with opportunities to gain new skills and grow your career • The Chicago Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.chicagofed.org/careers/thebenefits Location: In office posture: This role is expected to be on-site in the Chicago office. Other Requirements: • Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future. • 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. • Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels. • 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. The expected starting salary range for this position is between $189,500 and $224,200 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant's relevant experience, skills, internal equity, and alignment with geographic and other market data. Full Time / Part Time Full time Regular / Temporary Regular Job Exempt (Yes / No) Yes Job Category Markets Family Group Work Shift First (United States of America)