Supervision Manager, Asset Wealth Management - Supervision & Regulation (Finance)

Company

Federal Reserve Bank of Chicago

The Asset Wealth Management (AWM) Supervision Manager is responsible for the oversight of a team of AWM risk management specialists who carry out core supervisory activities, conduct horizontal analysis and/or identify key risk trends across the 7th District and the Federal Reserve System (FRS). The AWM Team maintains a full schedule by conducting examinations and routine continuous monitoring of AWM activities across all three portfolios (CBO, RBO, and LFBO) in the 7th District, as well as supporting other districts across the Federal Reserve System. In addition to doing exams, the team does a significant amount of training to support bench building. AWM is a specialized topic requiring staff knowledge and experience gained over many years to perform the work. Chicago has historically been looked to as a center/source of expertise in this field. The system has recognized a growing deficit in this expertise and the need to maintain and grow its bench of specialists. The AWM Supervision Manager will be tasked with keeping a strong focus on highlighting the AWM Team's contribution to the supervision of this risk stripe and building bench strength and expertise within the team and department.

The Supervision Manager will also participate in special projects or process improvement initiatives at the team, Division or Department level to continuously advance the quality of bank and bank holding company supervision bank supervision. The Supervision Manager develops, coaches and leads staff to strengthen their skills as bank and bank holding company supervisors.

The level of work is considered advanced, and the individual must be able to work under minimal supervision. 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:

• Consults and directs training resources toward asset and wealth management and trust activities and serves as a resource for less experienced 7th District staff with interest in these activities as well as the related risk domains including fiduciary and compliance risks.
• Works on complex issues in which analysis of situations and data requires an evaluation of various factors
• Evaluates team skills and assists with building team skill sets to meet business needs
• 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
• Makes formal presentations on a wide variety of technical and non-technical topics
• Develops and maintains ongoing relationships with staff & management at the Reserve Bank, and FRS, and supervised firms, as well as with other supervisory agencies
• Monitors a variety of institutions or portfolios offering AWM services to uncover potential risk exposures and risk management gaps as well as evolving risks
• Leads or participates in Federal Reserve Bank District and FRS projects and initiatives to assess district- and industry-wide asset & wealth management and trust risk management practices
• Discusses and opines with examination teams on supervisory strategies of institutions of varying complexity and shares horizontal risk perspectives
• Conducts performance development discussions and activities

             

Your Background:

• Bachelor's degree or equivalent experience required
• Advanced degree preferred
• Five plus years of direct work-related experience

Strong team management:

• Possesses the ability to assess talent and create accountability within immediate team
• Possesses the ability to lead a team and create productive team dynamics and leverages strengths of staff within team and division
• Possesses the ability to provide guidance and constructive feedback to all direct reports
• Possesses the ability to anticipate change that impacts the team and revises direction as needed
• Demonstrates business judgment and decision making to make decisions in the best interest of the team

Strong communication:

• Possesses the ability to communicate in an inclusive way within direct realm of responsibility
• Possesses the ability to solicit broad input to promote diversity of thought in coming to conclusions
• Possesses strong teamwork skills and the ability to build and work collaboratively within and across work teams
• Possesses the ability to initiate and nurture relationships when most directly impacts the work

• Possesses the ability to understand risk focused supervision and processes
• Possesses the ability to execute and communicate strategy by leveraging business knowledge
• Demonstrates advanced decision making and problem-solving skills
• Possesses the ability to learn continuously by understanding own strengths and weaknesses
• Demonstrates openness to feedback and modifies behavior when necessary
• Demonstrates an understanding of AWM facing financial institutions

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 environment with opportunities to gain new skills and grow your career.
• A wide range of Diversity, Equity, and Inclusion community groups as well as active employee resource groups and mentorship programs.
• Onsite gym and subsidized cafeteria.

Location:

This is a hybrid position. Your presence will be expected at one of the 7th District offices—Chicago, Des Moines or Detroit

Other Requirements:

• Ability and willingness to travel up to 10%
• 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.
• This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo applicable background checks and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. Citizen and pursue a path to citizenship.
• 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.

             

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Bank Examination

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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