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 like Reg H, Reg Y, and the Bank Merger Act
  • Understanding of Reserve Bank M&A processes preferred
  • Experience managing professional staff is a plus
  • Proven ability in team building and staff development
  • Capacity to handle multiple tasks under pressure while meeting deadlines
  • Track record of networking effectively within the industry
  • Engagement experience with bankers and regulatory agencies
  • Excellent written and verbal communication skills
  • Bachelor’s degree in related field or equivalent experience
  • 10 years of relevant experience in banking or regulation.

Responsibilities

  • Lead and mentor a team of seven professionals
  • Foster a motivated and high-performing team environment
  • Oversee regulatory application processes to ensure compliance
  • Make informed decisions on complex regulatory issues
  • Craft high-quality correspondence for various audiences
  • Establish partnerships with internal and external stakeholders
  • Manage relationships with external attorneys and consultants
  • Participate in Federal Reserve M&A projects and workgroups
  • Oversee unit budget and allocate resources effectively
  • Enhance processes and promote technology adoption for efficiency.

Benefits

  • Comprehensive medical, dental, and vision insurance with no waiting period
  • 401k plan with a generous employer match
  • Employer-funded pension plan
  • Paid vacation, sick leave, and holidays
  • Flexible spending and healthcare spending accounts
  • Life insurance and long-term disability coverage
  • Tuition reimbursement for higher education
  • Parental leave provided
  • Access to a free onsite fitness center
  • Onsite cafeteria and coffee shop at St. Louis location
  • Convenience benefits and discounts available.
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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