Credit Risk Manager- Central Bank Services

CompanyFederal Reserve Bank of ChicagoLeads 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 needsEvaluates performance results, completes performance appraisals, and coaches staff on job performanceMakes ultimate hiring recommendations to Officers Strategic Initiatives:Implements and drives strategies that support division and System initiativesCommunicate strategic initiatives to key stakeholders and senior management within the BankProvides input on strategic decisions that impact the organizationInternal / External Audits:Accountable to senior management for results of internal/external audits and Board operations reviewsPolicy Development / Implementation and Work Groups:Participates and leads strategically focused System work groups related to operations, application enhancements and testingEvaluates and recommends changes in policies, procedures, and practices for the Discount Window, Payments SystemRisk, and/or Reserves senior management and System committeesProvides direction to staff for their analysis and proposals relating to System projects and work groupsAdministrative Responsibilities:Responsible for completion of budget planning, budget monitoring, and updating the division scorecardResponsible 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 field7-10 years of direct work-related experience including management or people leadershipYour Background: Ability to prioritize and meet deadlinesAbility to work wi...