Federal Reserve Bank

Senior Manager

Federal Reserve Bank$149K — $193K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Deep understanding of banking regulations (e.g., Reg H, Reg Y, Bank Merger Act)
  • Familiarity with Federal Reserve M&A practices (preferred)
  • Experience managing professional staff (preferred)
  • Proven ability in team building and developing talent
  • Demonstrated multitasking skills and ability to manage stress
  • Established network in banking or regulatory environments
  • Strong communication skills for diverse audiences
  • Bachelor’s degree in Finance, Accounting, Economics or similar field, or equivalent experience
  • Minimum of 10 years in banking, supervisory roles, regulatory policy, or law

Responsibilities

  • Lead and develop a team of seven professionals
  • Foster a high-performing team culture
  • Ensure compliance with regulatory workflows and standards
  • Make informed decisions on complex regulatory issues
  • Draft high-quality written communication for varied stakeholders
  • Build collaborative partnerships with internal teams and external contacts
  • Participate in Federal Reserve M&A workgroups and projects
  • Manage the team’s budget and resource allocation
  • Enhance efficiency through process improvements and technology

Benefits

  • Comprehensive medical, dental, and vision insurance with no waiting period
  • 401k plan with generous employer matching
  • Employer-funded pension plan
  • Paid time off including vacation and holidays
  • Flexible spending accounts for healthcare
  • Life and long-term disability insurance
  • Tuition reimbursement for further education
  • Parental leave provision
  • Access to a free onsite fitness center
  • Onsite cafeteria and coffee shop available at St. Louis location
  • Additional convenience benefits and employee discounts
Full Job Description

Overview

The Supervision Division supervises financial institutions and provides central bank services in the 8th District. The Mergers & Acquisitions (M&A) unit, within this Division, is looking for a Senior Manager to lead the M&A team, manage relationships with partners in the applications process, and uphold the Reserve Bank’s standards for processing regulatory applications and competitive factor assessments associated with bank mergers and acquisitions. You will strive to position yourself as an expert on regulatory applications related issues. The M&A unit is a team comprised of financial analysts and bank examiners responsible for processing regulatory applications received from bank holding companies, state member banks, savings and loan holding companies, and thrifts. You will report directly to the Assistant Vice President of the M&A unit.

Responsibilities

  • Direct and develop a team of seven full-time professional staff members
  • Cultivate an effective, motivated, and high-performing team
  • Oversee regulatory application workflows and deliverables, ensuring all work products meet statutory, Federal Reserve System, and Division standards
  • Make timely, well-informed decisions on complex regulatory matters
  • Prepare high quality written correspondence for internal and external audiences
  • Foster collaborative partnerships with M&A, Reserve Bank Supervision, Legal, and Board of Governors staff
  • Maintain consultative relationships with external attorneys, bankers, consultants, and peer regulatory agencies on banking applications
  • Lead or contribute to Federal Reserve System M&A workgroups and projects
  • Manage unit budget and resource allocation
  • Drive efficiency through process enhancements and technology adoption

Qualifications

  • Well-versed in applicable banking regulations (e.g., Reg H, Reg Y, Bank Merger Act)
  • Familiarity with Reserve Bank Mergers & Acquisitions processing practices (preferred)
  • Prior experience managing professional level staff (preferred)
  • A record of caring for, developing, and bringing out the best in others/teambuilding
  • Ability to multitask, work through times of stress, while fulfilling processing deadlines
  • A record of building and leveraging formal and informal networks
  • Experience engaging with bankers, attorneys, consultants, or banking supervisors
  • Ability to connect with a variety of audiences through effective written and verbal communication skills
  • Bachelor’s degree in Finance, Accounting, Economics or related field or commensurate experience.
  • 10 years’ experience in banking, banking supervision, regulatory policy, accounting, consulting, or law.
  • Candidates with less experience may be considered at a lower job grade or salary.
  • Travel (5%)

Total Rewards

Bring your passion and expertise, and we'll provide the opportunities that will challenge you and propel your career growth—along with a wide range of benefits and perks that support your health, wealth, and life.

Salary: $149,100 - $193,800

In addition to competitive compensation, we offer a comprehensive benefits package all brought together in a flexible work environment where you can find balance:

  • Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period
  • 401k/Thrift Plan with generous employer match
  • Employer-funded Pension Plan
  • Paid Vacation/Sick Time and Holidays
  • Flexible Spending Accounts and Healthcare Spending Accounts
  • Life Insurance and Long-Term Disability Insurance
  • Tuition Reimbursement (undergraduate and graduate)
  • Parental Leave
  • Free onsite 24/7 Fitness Center
  • Onsite Cafeteria and Coffee Shop (St. Louis location)
  • Additional Convenience Benefits, Discounts and More…

Full Time / Part Time


Full time

Regular / Temporary


Regular

Job Exempt (Yes / No)


Yes

Job Category

Work Shift


First (United States of America)

About Federal Reserve Bank

Industry
Founded
1913

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