Federal Reserve Bank of ChicagoProvides professional and specialized expertise and leadership through role as subject matter expert on issues related to one or more of the following areas of focus: Statistics and Financial Reports (regulatory reporting, financial institution structure and financial statement analysis). Prepares reports and recommendations for management review. Ensures implementation of new laws, regulations and policies. Serves as consultant to financial institutions regarding interpretation of complex reporting or policy guidelines. Provides training to division staff. Regularly interacts with internal colleagues, Federal Reserve System counterparts, senior management, and Board of Governors staff. Checks and approves the work of others and provides feedback regarding performance.
The level of work is considered advanced, and staff must be able to work under minimal supervision. This position has no direct reports.
Your Responsibilities:
Analytics:
Designs complex data analysis and editing techniques along with data extraction, including querying databases and viewing techniques for related data systems
Assists in enhancing data analysis and data integrity
May lead and mentor staff in conducting complex research
Applies subject matter expertise to support operational improvements in the division
Policy Administration and Implementation:
Gathers, identifies relevancy of and interprets new and pending laws, regulations and policies which potentially affect the division's business practices
Assists management and staff in understanding and implementation of new laws, regulations and policies
Maintains awareness of emerging issue, trends and developments in field of expertise
Special Projects:
Actively participates in, and contributes to division, Bank and Federal Reserve System projects and workgroups
Plans, directs, and coordinates Bank and/or System project activities and resources to ensure project goals are completed on time, within budget and with optimum quality
Leadership and Approvals:
Provides leadership to unit and mentors staff through role as subject matter expert
Provides direction for, oversees and approves junior employees’ work
Serves as a thought leader and incorporates broader knowledge of business strategies into project management
Strategic Partnerships:
Fosters strategic partnerships through collaboration and communication with Bank departments, other Reserve Banks, the Board of Governors and other agencies
Report Preparation:
Prepares and presents complex staff and system reports, recommendations, proposals and/or position papers for management review
Your Background:
Master’s degree desirable or Bachelor’s degree with equivalent experience (major in Accounting, Business, Finance, Public Policy, or related field)
8-10 years of related experience
KNOWLEDGE AND SKILLS
Excellent written/verbal/presentation and listening skills
Excellent analytical and quantitative skills
Strong project management skills
Knowledge equivalent to CFA, CPA, or FRM certification
Strong interpersonal and networking skills
Self-motivated with excellent teamwork skills
Flexibility to handle fast changing conditions
Ability to explain and present complex topics to senior level stakeholders
Demonstrates critical thinking and decision-making abilities
Ability to apply broad knowledge of principles, practices and procedures of the field of specialization to the completion of assignments
In-depth knowledge of complex financial instruments/transactions and thorough understanding of Federal Reserve Regulations, the Bank Holding Company Act, and other relevant Federal Reserve standard operating procedures, and policies
Broad knowledge of banking operations and financial markets as well as the procedures and services of related areas
The expected starting salary range for this position is between $145,000 and $171,500 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.
A continuous learning environment with opportunities to gain new skills and grow your career.
Additional Requirements:
This is a hybrid position requiring a minimum of two days per week in office.
Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.
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.
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 document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.
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
Credit Risk Management
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.
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