Federal Reserve Bank

Senior Manager

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

Qualifications

  • In-depth knowledge of banking regulations (e.g., Reg H, Reg Y, Bank Merger Act)
  • Familiarity with Reserve Bank M&A processing practices (preferred)
  • Experience managing professional level staff (preferred)
  • Proven teambuilding and staff development skills
  • Strong multitasking ability under deadlines
  • Established professional networks within the banking sector
  • Experience working with various stakeholders, including bankers and attorneys
  • Excellent written and verbal communication skills
  • Bachelor’s degree in Finance, Accounting, Economics or related field or equivalent experience
  • 10 years’ experience in banking or related fields.

Responsibilities

  • Direct and develop a team of seven full-time staff members
  • Cultivate a motivated and high-performing team
  • Oversee and ensure compliance with regulatory workflows and deliverables
  • Make timely decisions on complex regulatory matters
  • Prepare high-quality correspondence for diverse audiences
  • Foster partnerships with internal and external stakeholders
  • Maintain consultative relationships with attorneys, bankers, and regulatory agencies
  • Lead or contribute to M&A projects within the Federal Reserve System
  • Manage budget and resource allocation for the unit
  • Drive efficiency through process improvements and technology adoption.

Benefits

  • Comprehensive medical, dental, and vision insurance with no waiting period
  • 401k plan with generous employer match
  • Employer-funded pension plan
  • Paid time off for vacation/sick leave and holidays
  • Flexible spending and healthcare spending accounts
  • Life and long-term disability insurance
  • Tuition reimbursement for undergraduate and graduate studies
  • Parental leave for family support
  • Access to a free onsite fitness center
  • Onsite cafeteria and coffee shop at the St. Louis location
  • Additional convenience benefits and 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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