Company

　　Federal Reserve Bank of Chicago

　　The Federal Reserve Bank of Chicago’s Wholesale Credit Risk Center (WCRC) uses data, analytics, and models to inform banking supervision. Whether creating analytical tools used for the ongoing monitoring of credit markets or modeling wholesale credit to identify emerging risks, the WCRC applies analysis in innovative ways to help supervise the financial system. As such, the WCRC is looking for an enthusiastic individual who can design, implement, and execute on business and operational processes around data management and the delivery of analytical tools and reports.

　　Department Overview:

　　The WCRC, housed within the Supervision and Regulation department, plays a critical role in the Federal Reserve System’s core mission of maintaining a healthy financial system. The Federal Reserve is mandated to foster the stability, integrity, and efficiency of the nation's monetary, financial and payment systems to promote optimal economic performance. This includes a macro-prudential approach to banking supervision. To this end, the WCRC collects and analyzes both bank and industry wholesale credit risk data, provides a horizontal perspective of wholesale credit risk management practices, and supports supervision of capital adequacy and stress testing for wholesale credit exposures. Staff of the WCRC form the core of Federal Reserve System teams that develop loss models for wholesale lending and assess such modeling efforts at systemically important financial institutions. The WCRC also partners with the Federal Reserve Board of Governors to execute Shared National Credit examinations.

　　Your Responsibilities:

　　Partner with IT, procurement, third-party data vendors, and data users to develop and communicate stakeholder requirements.

　　Support and coordinate efforts around controls to ensure data integrity and adherence with requirements and guidelines

　　Act as a knowledge resource or business partner in the area of licensed wholesale credit data

　　Generate ideas for and lead process improvement initiatives and participate in control activities that establish, maintain, and validate standards for the functional area

　　Lead in the determination, recommendation, and execution of best practices.

　　Develop and implement project plans, timelines, and milestones for moderate to highly complex projects

　　Prepare and present both orally and in written form, conclusions and recommendations of varying complexity for department, Bank and/or System

　　Build and maintain strategic work relationships and networks with both internal and external stakeholders, such as other Reserve Banks and the Board of Governors

　　Serve as a mentor and/or coach; provide technical expertise and constructive feedback; train and help develop staff members

　　Your Background:

　　Bachelor's degree or equivalent experience

　　Five plus years of direct work-related experience

　　Demonstrates the ability to understand Department subject matter and processes the ability to help others to do so; demonstrates the ability to apply complex concepts and interdependencies in completing tasks

　　Demonstrates advanced analytical and problem solving skills

　　Demonstrates independent and critical thinking and decision making abilities as well as have strong written and oral communication abilities

　　Demonstrates ability to provide effective direction or consultation

　　Ability to provide guidance and constructive feedback to less experienced staff and peers

　　Possesses strong teamwork skills and the ability to build and work collaboratively within and across work teams

　　Demonstrates the ability to effectively lead a project and project team without authority and to resolve moderately complex to complex issues within project

　　Demonstrates the ability to manage time and projects effectively by adjusting quickly to new and different priorities

　　Demonstrates aptitude to leverage relevant technology and software applications

　　Possesses general business acumen

　　What we Offer:

　　Comprehensive benefits package, including medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off and transit benefit.

　　A continuous learning environment with opportunities to gain new skills and grow your career.

　　Onsite gym and subsidized cafeteria.

　　Location: This position is remote work mode eligible. The hybrid flex work mode is also available if it is a preference to the selected candidate.

　　Other Requirements:

　　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.

　　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 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.

　　Referral Bonus:

　　Our employee referral program (ERP) encourages you to introduce your talented friends or former colleagues to career opportunities at the Bank. As an incentive, an award-eligible referral of an external candidate that leads to a hire could earn you an award.

　　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.

　　Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)

　　OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.

　　OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.

　　Why Our People Choose Us:

　　Our reputation precedes us

　　There will always be room for personal growth

　　Our people are first

　　You’ll find the right balance

　　Your responsibilities will be meaningful

　　We hope that you will be our future colleague.