Senior Vice President – Regional & Community Supervision

Company: Federal Reserve Bank of Chicago

The Federal Reserve Bank of Chicago is one of 12 Reserve Banks that, along with the Board of Governors in Washington, D.C., constitute the Federal Reserve System, which was established by Congress in 1913.

The fundamental mission of the Federal Reserve System is to foster the stability, integrity and efficiency of the nation’s monetary, financial and payment systems and to promote optimal economic performance. To this end, the Federal Reserve Bank of Chicago serves the public interest by participating in the formulation and implementation of national monetary policy; supervising and regulating state member banks, bank holding companies and foreign bank branches;

providing financial services to depository institutions, designated financial market utilities, and the U.S. government; and promoting consumer protection and community development.

The Seventh Federal Reserve District serves a five-state region, comprising all of Iowa and most of Illinois, Indiana, Michigan and Wisconsin. The Seventh District has more individual banks than any other Federal Reserve District. It also comprises a considerable part of the nation’s manufacturing base — especially capital goods and consumer durables — as well as agricultural production and food processing.

Supervision and Regulation (S&R) plays a critical role in the Federal Reserve Bank of Chicago’s core mission, supervising state‑chartered banks that are members of the Federal Reserve System, bank holding companies, financial holding companies and savings and loan holding companies. Our duty is to foster the stability, integrity and efficiency of the nation’s monetary, financial and payment systems to promote optimal economic performance.

We seek individuals who hold themselves to the highest standards, who flourish in an environment of collaboration and innovation. Our most successful staff have strong critical thinking skills, as well as strong verbal and written communications capability.

The Federal Reserve Bank of Chicago has an immediate opening within the S&R department for a Senior Vice President (SVP) of Regional & Community Supervision (RCS). This position serves as a division head, with ultimate responsibility for approximately 100 employees, and is a member of the S&R Executive Committee that provides strategic direction, leadership and expertise for the department. The position is responsible for directing the risk‑focused supervision of state member community and regional banks and bank holding companies with $100 billion or less in total consolidated assets, as well as small shell holding companies and savings and loan holding companies with less than $1 billion in total consolidated assets.

The successful candidate will lead a division of examination and supervision professionals, provide strategic direction for the supervisory program, and serve as a key liaison between supervised institutions, senior leadership, and other regulatory stakeholders. This role requires extensive knowledge of banking operations, risk management, regulatory frameworks, and the ability to assess complex financial conditions and emerging risks within the banking sector.

• Provide strategic direction and oversight to achieve the department’s vision, mission, and strategic priorities
• Oversee, lead and/or participate in supervisory guidance creation and implementation, improvement initiatives or department/Bank/System work groups and initiatives
• Provide team members with a strategic vision, active mentorship, ongoing coaching, specific direction and opportunities for professional growth
• Foster a workplace atmosphere that supports and reinforces positive employee engagement and experience
• Maintain strong working relationships with senior leaders within the Bank and Federal Reserve System as well as with institution management, and colleagues at other supervisory agencies
• Communicate and ensure staff understanding of Bank and department goals, objectives operating policies, procedures and regulations
• Oversee talent management activities for the division including…