Vice President – Cyber, Shared Service Providers, Financial Markets Utilities, and Payments

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Bank Examination
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262053 Requisition #

Vice President – Cyber, Shared Service Providers (SSPs), Financial Markets Utilities (FMUs) and Payments
Supervision and Regulation Department


Supervision and Regulation (S&R) plays a critical role in The Federal Reserve Bank of Chicago's core mission, supervising regulating 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.


Job Summary
The Federal Reserve Bank of Chicago has an immediate opening within the S&R department for a Vice President (VP) of Cyber Security, Shared Service Providers (SSPs), Financial Market Utilities (FMUs) and Payments within the Large, Specialized & Regional Institutions (LSR) Division. This position is a trusted member of the Officer team that provides strategic direction and leadership for the department. This position directs the efforts of several teams that provide industry wide horizontal perspective and analysis, monitor the current environment for situational awareness, analyze threats for impact on supervised firms, design, establish and execute on supervisory programs, and provide support to System initiatives to enhance our supervisory approach.  As part of the Bank and S&R leadership, the position works closely with senior leadership to identify business needs and delivery of long-term tactical solutions.


Principle Responsibilities:
• Oversees, leads and/or participates in supervisory guidance creation and implementation, improvement initiatives or department/Bank/System workgroups and initiatives
• Determines roles, performance expectations, and development needs for team managers, and provides leadership direction for development needs of staff members
• Creates an environment that seeks diverse views and perspectives to promote constant improvement that supports the professional growth of team members
• Coordinates with and maintains strong working relationships with numerous stakeholders including institution management, Reserve Bank management, Board staff, and colleagues at other supervisory agencies
• Coaches and develops others by delivering continuous feedback and ensures a productive performance management process in order to achieve business results
• Communicates and ensures staff understanding of Bank and department goals, objectives operating policies, procedures and regulations
• Responsible for leading talent management activities including hiring, developing, evaluating, and rewarding staff


Education
• Bachelor’s degree in business related area required. Master’s degree preferred.
• 10+ years of direct-work related experience including at least 5 years of people leadership experience.   Previous experience in cyber security, information technology and/or payments is a plus.
• Examiner Commissioning preferred.

 

Leadership Competencies – Seeking candidates exhibiting strong acumen in the following areas:
• Thinking Strategically - Thinks about issues and navigates relationships to advance the Bank’s goals; Leads with the future in mind.
• Leading Inclusively - Leverages diverse talents, positively impacts culture and engagement, and encourages development for all employees.
• Growing Intentionally - Demonstrates self-awareness and continuous development by seeking out feedback and modifying behavior.


Knowledge & Skills
• Knowledge of regulatory processes and regulations and work experience applying knowledge to complex situations
• Knowledge of emerging issues, trends and ongoing developments in information security, payments, and SSP risk management and supervision, as well as an advanced understanding of current information security, payments, and SSP risk management practices and emerging risk concerns
• Advanced technical skills and ability to effectively communicate complex concepts
• Demonstrated ability to build credibility and productive partnerships across multiple functional areas and all levels of an organization
• Demonstrated ability to provide constructive feedback, identify and develop leadership and management succession and build strong teams, including those in remote locations
• Proven ability to deliver strong written communication and facilitate and present products/services with complex concepts
• Proven ability to develop strategic plans in a complex business environment while identifying the need for and manage change to realize operational and strategic business improvements
• Proven ability to manage and deliver on multiple, complex projects and initiatives


Other Requirements
• Ability and willingness to travel (30%)
• This position requires access to confidential supervisory 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, U.S. permanent residents who are not yet eligible to apply for naturalization and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.
• 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.

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