Credit Risk Manager

Company Federal Reserve Bank of Chicago 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. 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. Both 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. 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 Markets Family Group Work Shift First (United States of America) 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. Why Our People Choose Us Our reputation precedes us There will always be room for personal growth Our people are first You’ll find the right balance Your responsibilities will be meaningful We hope that you will be our future colleague. Learn more about our benefits: Privacy Notice OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government. OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward. #J-18808-Ljbffr