Job Information
Federal Reserve System Statistical Reports Supervisor in Chicago, Illinois
Company
Federal Reserve Bank of Chicago
Under general direction of the Manager, the Statistical Reports Supervisor oversees and directs the daily workflow activities of unit staff for the collection and analysis of a variety of structure and financial data in accordance with Board of Governors’ guidelines to ensure timely and accurate structure and statistical data flows in support of reserve bank operations, monetary policy and regulatory objectives. Interacts with internal project teams regularly. Maintains communication with reporting entities, internal / external stakeholders and senior management Reviews and approves others' work, ensures workflow processes are efficient and effective and that daily operations are carried out according to established policies and procedures. Directs unit to achieve division’s strategic goals and works with management to ensure success. Resolves or coordinates resolution of complex problems, initiating discussion with reporting institutions as needed. Maintains thorough knowledge and understanding of FR regulations, reporting procedures and instructions to ensure and improve data integrity within and across multiple financial and structure databases. Makes hiring and promotion recommendations to Manager and evaluates and/or provides feedback regarding staff performance. Provides input on training, supervision, goal development and guidance to staff.
The level of work is considered advanced, and staff must be able to work under minimal supervision. Problems are solved with advanced experience and highly technical expertise. This position has direct reports.
PRINCIPAL DUTIES AND RESPONSIBILITIES
Operational Oversight:
Provides leadership and oversight for analysis completed by unit
Directs the work of Statistics analysts to ensure the timely collection and accuracy of structure data, income and balance sheet statements, consolidated statements, and other accounting statements and reports
Policy Development / Implementation and Work Groups:
Participates and leads System work groups and projects related to the implementation of operations, application enhancement and testing
Coordinates work and facilitates communication among project team
Strategic Initiatives:
Partners with staff and management to ensure that the appropriate business solutions and strategies are being implemented
May provide input in division strategy sessions
People Leadership:
Under direction of manager, develops performance goals for employees, establishing measurements to evaluate team skills as well as ways to assist team in building skill sets required to support business needs
Evaluates performance results and completes formal performance appraisals at mid-year and end of year
Develops and conducts training for staff
Identifies subject matter experts
Provides input on hiring recommendations to Manager
Administrative Responsibilities:
- Under the direction of department manager, support administrative responsibilities including budget planning, and reviewing and updating the division scorecard
EDUCATION AND EXPERIENCE
Bachelor's degree; major in Accounting, Business, Finance or related field
5 to 7 years of direct work experience including some management / people leadership exposure preferred
CPA certification or advanced degree preferred
KNOWLEDGE AND SKILLS
Strong analytical skills
Strong written and verbal communication skills
Excellent interpersonal skills including the ability to build collaborative and inclusive partnerships with peers, direct reports and senior level individuals within the Federal Reserve and outside reporting entities
Demonstrated knowledge of complex financial instruments/transactions; thorough understanding of Regulations D and Y, the Bank Holding Company Act, and other relevant Federal Reserve regulations
Demonstrated independent thinking and decision-making ability
Knowledge equivalent to CPA certification
Excellent coordination, project planning, and management skills
Broad knowledge of procedures and services of related areas (such as Credit Risk, Accounting, Supervision and Regulation, operational departments) and financial markets
Proficient in MS Office: Excel, PowerPoint, and Word
OTHER/ADDITIONAL 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.
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.
This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Credit Risk Management
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.