Supervision Manager - Cyber, Enforcement, and M & A and Specialized Functions (EMAS) Division, Supervision and Regulation at Federal Reserve Bank (FRB) in Chicago, Illinois

Job Description:

Company

Federal Reserve Bank of Chicago

Federal Reserve Bank of Chicago

The Federal Reserve Bank of Chicago is one of twelve Reserve Banks that, along with the Board of Governors in Washington, D.C., constitute the Federal Reserve System. The Seventh Federal Reserve District serves a five-state region comprising all of Iowa and most of Illinois, Indiana, Michigan, and Wisconsin.

Supervision and Regulation (S&R) plays a critical role in the Federal Reserve Bank of Chicago’s (FRB-C) core mission of supervising state-chartered banks, bank holding companies, financial holding companies, and savings and loan holding companies.

We are seeking a Supervision Manager (SM) responsible for leading a team of examiners developing and expanding their cyber / information security / information technology knowledge and experience to support S&R teams supervising large and foreign banking organizations, significant service providers, financial market utilities, and regional and community banking institutions. This position resides within the Enforcement, Mergers & Acquisitions, and Specialized (EMAS) Division of S&R.

Job Summary

The SM will be responsible for coaching, developing, and directing a team of risk specialists who work with supervisory and advanced cyber teams to identify and assess cyber / information security / information technology threats, risks, and controls; execute on supervisory programs; and develop well-supported supervisory conclusions. The SM will also work closely with counterparts within and outside the FRB-C EMAS division and across the Federal Reserve System (System) to coordinate scheduling and training, build a bench of cyber / information security / information technology examiners, help develop and implement training, and provide support to System initiatives to enhance our supervisory approach. The ideal candidate should have strong leadership and coaching skills, the ability to work across divisions to effectively collaborate and influence, strong written and oral communication skills, and the ability to provide and receive constructive and timely feedback. The individual is expected to work in an environment that values and promotes diverse ideas, collaboration, continuous improvement, and mutual respect. Cyber / information security / information technology expertise and background is strongly preferred. Large financial institution and supervisory experience is also preferred. The level of work is considered advanced, and the individual must be able to work under minimal supervision.

** Please provide a brief overview (cover letter) of your interest in the role and how your experience prepares you to be immediately impactful in this role.

Your Responsibilities:

• Continue to build and formalize a sustainable program to develop cyber / information security / information technology bench strength.


• Conducts performance development discussions and activities with staff that promotes professional development and the Federal Reserve Bank’s core competencies.


• Reviews, understands, and effectively executes internal processes to ensure team coordination and collaboration within and across the Department and System.


• Identifies and works collaboratively to execute on strategic initiatives to build cyber / information security / information technology supervisory expertise.


• Provides thought leadership/expertise and collaborates with Department and System teams in training, developing, and building cyber / information security/ information technology expertise to support the supervision of moderate to highly complex financial institutions and related third parties.


• Develops and maintains effective relationships with a variety of stakeholders across the Division, Department, and System to ensure team is meeting critical near-term and strategic business needs. 

Your Background:

• Bachelor's degree or equivalent experience required.


• Advanced degree preferred or relevant certifications (CISA, CRISC) highly preferred.


• Five plus years of direct work-related experience.


• Cyber / information security / information technology risk and control background is strongly desired.


• Demonstrated ability to provide constructive feedback and coaching.


• Familiarity with emerging issues, trends, and ongoing developments within cyber / information security.


• Knowledge of risk management and supervisory practices, as well as large financial institution and training experience, is a plus.


• Proven ability to manage and deliver on multiple, complex projects and deliverables.

Knowledge and Skills:

Strong team management:

• Possesses the ability to assess talent and create accountability within immediate team.


• Possesses the ability to lead a team and create productive team dynamics and leverages strengths of staff within team and division.


• Possesses the ability to anticipate change that impacts the team and revises direction as needed.


• Demonstrates business judgment and decision making to make decisions in the best interest of the team.

Strong communication:

• Possesses the ability to communicate in an inclusive way within direct realm of responsibility.


• Possesses the ability to solicit broad input to promote diversity of thought in coming to conclusions.


• Possesses the ability to initiate and nurture relationships when most directly impacts the work.


• Possesses the ability to understand risk focused supervision and processes.


• Possesses the ability to execute and communicate strategy by leveraging business knowledge.


• Demonstrates advanced decision making and problem solving skills. 


• Possesses the ability to learn continuously by understanding own strengths and weaknesses.


• Demonstrates openness to feedback and modifies behavior when necessary.

Location:

• This is a Hybrid position.  Your presence will be expected at one of the 7th District offices—Chicago (preferred), Des Moines or Detroit. Preferred location, Chicago, IL.

Other Requirements:

• Ability and willingness to travel up to 10%.


• 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 position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo applicable background checks and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. Citizen and pursue a path to citizenship.


• 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.

             

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

Bank Examination

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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