Director of Compliance and Risk at Federal Reserve Bank (FRB) in Minneapolis, Minnesota

Job Description:

Company

Federal Reserve Bank of Minneapolis

The mission of the Federal Reserve System (FRS) is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payments systems to promote optimal economic performance. The Treasury Services (TS) Division at the Federal Reserve Bank of Minneapolis serves as fiscal agent for the US Treasury’s Bureau of the Fiscal Service supporting the Retail Program. This department provides and supports various services related to the issuing and redemption of US savings bonds and marketable securities.

As the Director of Operations and Business Support, you will direct and coordinate activities for compliance in the areas of data and personnel security, business continuity, identity and access management, records management, communication and coordination of incidents across the Division, Support Offices, and Bureau of the Fiscal Service; support division risk and vendor management activities; provide Division SharePoint oversight and technology support, and maintain and enforce applicable policies and standards.

You will lead team members responsible for compliance and business support activities and interact and collaborate with Treasury Services leadership, Treasury Relationship Support Office (TRSO), Internal Audit, Information Technology, Bureau of the Fiscal Service, and Bank leadership. You will also be a liaison to and business relationship manager with the Federal Reserve Financial Services (FRFS) and the Customer Relations and Support Office (CRSO).

Responsibilities

• Directs and has responsibility for compliance and operational support functions ensuring department, Bank, and System defined objectives and priorities are met.


• Effectively leads project managers, analysts and/or other support staff.


• Manages relationships and works collaboratively in a team environment, contributes to the vision, ensures customer needs are met, promotes a positive work environment, and effectively manages teams through transitions and change.


• Plays a key role in the full cycle of employment matters, including but not limited to those involving hiring, retention and performance optimization, salary recommendations, and decisions related to the termination of employment, as well as the documentation of these matters.


• Develops team goals and objectives that effectively advance the goals and objectives of the department, Bank, and FRS.


• Develops, motivates, coaches, and evaluates performance of staff, which includes managing staff to identify developmental assignments and training opportunities, working with individuals on their career goals, delegating responsibilities, providing timely feedback and evaluating performance.


• Translates policy decisions from governance bodies into solutions and operational changes, coordinating work assignments and implementation.


• Communicates and collaborates across System resources and District and various Treasury Services department functions to resolve complex issues.  


• Collaborates with department officers and the management team on inputs to the business/strategic plan and provides results on outcomes of the plans and goals that align with the department.


• Ensures compliance and integrity of controls, regulations, and guidelines and drives adoption of strong control practices through effective communication and training.


• Leads the development of reports and presentations that effectively communicate metrics, risk, progress, and status.


• Models and develops an organizational culture that encourages strong employee engagement, fosters a diverse and inclusive workplace, and reduces barriers to productive work.

Qualifications

• Bachelor’s degree in business administration, management or a related field, or an equivalent combination of education and experience


• Minimum 10 years of experience in compliance, operations, or business risk in the financial services industry to include supervisory/management experience.


• Excellent oral and written communication skills, as well as effective presentation and persuasion capabilities.


• Demonstrated experience in a compliance environment and identifying and managing risks and issues.


• Experience working with vendors engagements for a large enterprise.


• Highly developed interpersonal, presentation and communication skills with the ability to effectively build relationships, form collaborative partnerships and communicate at all levels.


• Demonstrated track record in sound judgment, strong attention to detail, and persistence in following issues to conclusion.


• Experience leading, influencing, collaborating, and getting things done across departments and locations in a large, matrixed corporate or government setting.


• Proficiency with Office365 (e.g., SharePoint, Teams, One Drive).


• This position provides support for the Treasury fiscal agency functions, is risk rated HIGH, and as such requires U.S. citizenship.

Additional Information:

• 
  Salary range is $140,100-$175,178-$210,100. Salary offer will be based on qualifications/experience of the candidate, alignment with market data, the needs of the position, our total compensation package, and internal equity.
  


• 
  The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position, and you are expected to be in the office 3 days per week for meetings and team collaboration. 

Our total rewards program offers benefits that are the best fit for you at every stage of your career: 

• Comprehensive healthcare options (Medical, Dental, and Vision) 




• 401(k) match, and a fully-funded pension plan 




• Paid time off and holidays 




• Free public transportation passes 




• Annual educational assistance 




• On-site fitness facility  




• Professional development programs, training and conferences 




• And more… 

The Minneapolis Fed is committed to developing a diverse workforce and providing an inclusive environment where all employees are respected and valued. We believe that we can foster development opportunities for all and reach our full potential by recognizing the unique experiences and identities of each of our colleagues. From economists to cash specialists, we work together to represent you in our economy. 

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Operations

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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