Federal Reserve Bank Assistant Vice President - Corporate Compliance Risk Team in Cleveland, Ohio
The Federal Reserve Bank of Cleveland serves the Fourth Federal Reserve District, which comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. It is one of 12 regional Reserve Banks that, together with the Board of Governors in Washington, make up the Federal Reserve System and the central bank of the United States.
Our mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payments systems to promote optimal * economic performance across the country and within the Fourth District. * * *Key strategic objectives for 2017 – 2019 are to further:
* * Deliver Innovative Solutions : *
Proactively identify and develop solutions to transform Bank, System, and Treasury practices
* Strengthen Financial Stability:
Influence policy decisions to strengthen our nation’s financial stability
* Promote Economic Growth and Development:
Advance research on key drivers to regional and national economic growth to guide policy decisions
* Voice of the Fourth District:
Be an influential voice in our region and provide leadership in the Federal Reserve System
* * LEADERSHIP OPPORTUNITY
The Federal Reserve Bank of Cleveland is seeking an Assistant Vice President for our Compliance Risk team. This leadership role reports to the Vice President of Risk Supervision, Surveillance and Analytics. This officer will serve a critical role in leading and directing the Compliance Risk supervisory function for the Fourth District. This role also has responsibility for tactical business line implementation to ensure that supervisory strategies and programs address risks, and are developed in accordance with the delegated authority from the Board of Governors.
- Manages the supervisory process (specific to corporate compliance risk) for regional and large banking institutions in coordination with the institution supervisors, including effectively allocating resources in accordance with institution specific risks.
- Manages the consumer compliance, Community Reinvestment Act, fair lending and Bank Secrecy Act /Anti-Money Laundering (BSA/AML) supervisory process for all 4thDistrict institutions, including effectively allocating resources in accordance with institution specific risks.
- Manages the consumer complaints function for all 4thDistrict institutions.
- This leader is responsible for executing strategic initiatives; ensuring strong leadership and effective succession; and promoting a high quality, diverse and engaged workforce.
- Serves as the primary liaison with the Board of Governors’ Corporate Compliance Risk Unit, Division of Consumer and Community Affairs and System risk specialists.
- Represents the Reserve Bank and the Federal Reserve System in outside speaking engagements related to job responsibilities.
- Is actively engaged with other Federal Reserve System leaders, demonstrates influential leadership and makes significant intellectual contributions to Federal Reserve System initiatives.
Responsible for ensuring compliance with Board of Governors’ and department quality control and quality assurance standards and oversees the overall effectiveness of the compliance risk team’s supervisory processes and procedures.
Bachelor’s degree (finance, accounting or business preferred)
- A minimum of 10 years of work experience including 5 years management experience. Successful candidates will have worked as a bank examiner with a Federal or state banking agency. It is highly preferred that candidates have attained a commissioned examiner certification and be knowledgeable of consumer protection and BSA/AML laws and regulations.
- Strong leadership and talent management skills, including attracting and hiring talent, engagement with staff, and a focus on individual and team development.
- Sound judgment and substantial knowledge of the corporate compliance and consumer compliance supervisory processes; additional knowledge and understanding of large bank supervisory processes is desired.
- Strong interpersonal and negotiating skills that will enable the individual to build and maintain effective working relationships with other regulators, Reserve Bank management, bankers, directors, and other stakeholders.
- Strong written and verbal communications skills and the ability to communicate complex supervisory matters in a clear, concise and timely manner.
Ability to manager conflicting priorities and multiple tasks, to set timetables, and effectively manage change.
This position requires access to confidential supervisory information. Such access is limited to either: (1) "Protected Individuals" as defined by the Immigration Reform and Control Act of 1986; or (2) individuals who qualify under the Board of Governors of the Federal Reserve System’s rules for access to confidential supervisory information. Protected Individuals include, but are not limited to, U.S. Citizens, U.S. Nationals, and lawful permanent resident aliens (also known as "green card holders") who intend to become U.S. citizens. Protected Individuals do not include (i) a permanent resident alien who fails to apply for naturalization within six months of the date the alien first becomes eligible to apply for naturalization and (ii) an alien who has applied on a timely basis, but has not been naturalized as a citizen within 2 years after the date of the application, unless the alien can establish that the alien is actively pursuing naturalization. If you are selected for an interview, you will be required to present documentation of your eligibility to access confidential supervisory information prior to the interview.
Please apply on-line and include a current resume in a . pdf format . In addition to the resume, provide a 3-5 page summary, in . pdf format that addresses the following points: 1. Describe how your qualifications and experience align with the expectations of the role; 2. Describe your philosophy in managing a professional team, building a culture of high performing, highly engaged employees, and how you plan to become an effective leader for this function; 3. Describe your vision for the function and what you expect to accomplish within the first 12 to 24 month timeframe?
Organization: *Federal Reserve Bank of Cleveland
Title: Assistant Vice President - Corporate Compliance Risk Team
Requisition ID: 251104