Assistant Vice President/Vice President -- Enterprise Risk & Compliance at Federal Reserve Bank (FRB) in Minneapolis, Minnesota

Job Description:

Company

Federal Reserve Bank of Minneapolis

Are you looking for an opportunity to use your leadership and compliance experience to contribute to a highly respected organization with strong ethics and integrity? As an Assistant Vice President/Vice President (AVP/VP) of Enterprise Risk and Compliance, you will be responsible for the development and oversight of the Bank’s Enterprise Risk, Business Continuity, Compliance and AS 5/COSO programs/teams. You will also provide administrative oversight for the Risk and Compliance Division and report directly to the Senior Vice President (SVP).

Responsibilities include:

• Oversee the Bank’s effort to establish/mature the four business functions described above.


• Promote and support strategic efforts to create, develop and strengthen the department functions. 


• Provide leadership and management direction within the Risk Management division related to Enterprise Risk Management, Operational Risk Management, Compliance, Business Continuity, and AS 5.


• Coordinate with internal audit, Information Security, Data Privacy, and similar functions in support of the Bank’s operational risk management efforts.


• Support the Bank’s external auditor’s efforts to provide an opinion on the Bank’s financial statements and related control environment.


• Partner with the SVP to develop and execute the department’s strategic plan.


• Represent the Bank with various Federal Reserve System Groups to include the Subcommittee on Risk Management, the Subcommittee on Business Continuity, and others.


• Oversee the department budget of approximately $3 million annually.


• Develop relationships with Bank and department leaders.


• Supervise a team of three which is comprised of two management positions as well as a Project Director position.


• Ensure management team is in place within the division and develop succession plans for all leadership positions.

Qualifications:

• Bachelor’s degree or an equivalent combination of education and experience.


• 10+ years of progressively more responsible experience in Risk, Compliance, Public Accounting/Consulting, AS 5/COSO, Business Continuity, or internal auditing


• A minimum of five years of experience managing people, preferably within disciplines directly related to the functions covered by this position.


• Experience designing, developing and/or implementing internal controls.


• General knowledge of non-financial risk areas, such as Operational/Business Continuity Risk, IT and Cyber Risk, Talent/Human Resources Risk, Legal and Compliance Risk, and Strategic and Business Risk.


• Experience in risk management approaches and objectives to include but not limited to risk management framework, risk identification/mitigation, risk reporting preferred. 


• Strong executive presence and negotiation skills to influence and facilitate positive outcomes.


• Strong verbal, written, and interpersonal communication skills, and the ability to interact effectively with all levels of the organization: staff, management, executive, board of directors.


• Strong people leadership and talent management skills, including attracting and hiring talent, engagement with staff and a focus on individual and team development, and recognition and retention of team members.


• Strong business acumen and problem-solving skills.


• Strong organizational agility skills and the ability to maneuver comfortably through complex policies, processes, and people situations.


• Ability to work cross-functionally to solve problems, manage change and improve quality and service.


• A demonstrated commitment to diversity, equity, and inclusion.

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 4 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…

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Executive

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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