Vice President, Safety & Soundness

Company

Federal Reserve Bank of St. Louis

The Federal Reserve Bank of St Louis is one of 12 Reserve Banks serving the Eighth District which includes all or parts of Missouri, Illinois, Indiana, Kentucky, Tennessee, Mississippi and Arkansas. The St. Louis Fed’s responsibilities include promoting stable prices, economic growth and a sound financial system, providing payment services to financial institutions, supporting the U.S. Treasury's financial operations, and advancing economic education, community development and fair access to credit.

The Federal Reserve Bank of St. Louis has two Vice President openings within the Safety and Soundness department of the Supervision, Credit and Learning Division. The division promotes a safe, sound, competitive, and accessible banking system as well as supports learning throughout the Federal Reserve System. Each Vice President will have responsibility for the oversight of a designated portfolio of institutions, either Community Banking Organizations (CBOs) or Regional Banking Organizations (RBOs).

The SCL division is recruiting both Vice President positions concurrently. A determination on which portfolio, CBO or RBO, each individual will have responsibility for will be decided prior to extension of offers. This position reports to the Group Vice President of the Supervision, Credit, and Learning Division. You must live in, or relocate to, the 8th District and work out of our St. Louis, MO office.

Responsibilities

Strategic Leadership:

• Collaborates with senior leadership to develop and execute Division and organizational strategies aligned with the Federal Reserve System and St. Louis Reserve Bank. Champions and translates the strategies into actionable business priorities and goals.  
• Contributes to strategic organizational and Divisional needs and policies by representing the Division and the District on Bank and System committees. Ensures effective discernment of policy and program implications to the mission, vision, values and resources.
• Builds and maintains strong relationships with counterparts within the Federal Reserve System, St. Louis Reserve Bank and other regulatory agencies.
• Represents the Reserve Bank and the Federal Reserve System in outside speaking engagements related to supervisory policy and expectations.

Supervisory Oversight:

• Accountable for all aspects of regulatory supervision related to their specified portfolio of institutions within the Eighth District. Other duties related to the general oversight of the safety and soundness function are determined on an as needed basis.
• Serves as final arbiter of all key supervisory judgments related to supervised institutions, including bank ratings, supervisory actions, and supervisory strategies.
• Fosters effective communications with constituents and conveys sensitive and critical supervisory decisions to key bank officials and their respective Boards of Directors, attorneys and other professionals.

Operational Excellence:

• Leads and develops people and teams, displaying the organizations values and fostering an engaged and effective workforce.  
• Advances the Federal Reserve System’s and St. Louis Bank’s diversity, equity and inclusion programs.
• Manages personnel policies and programs including hiring, onboarding, development, performance management, and compensation.
• Ensures effective and efficient financial planning and execution, strategically aligning resources.

Qualifications:

• Bachelor’s degree in business, finance, accounting, management or related field or commensurate experience; Master's preferred
• 7+ years leading and managing multiple, large, cross-functional teams in complex environments (virtual, remote, multi-site, etc.)
• 10+ years of regulatory or equivalent industry experience with a deep understanding of banking concepts particularly related to supervision
• General understanding of novel banking and Significant Service Providers
• Bank examination commission
• Risk Assessment and Sound Judgement: Demonstrated ability to evaluate supervisory expectations and various risks assumed by the Eighth district’s institutions, apply sound judgment, and act.
• Leadership: Ability to create a positive leadership impact by gaining respect and trust of others, coaching and mentoring staff, managing change, and creating engaged and motivated teams.  
• Interpersonal Skills: Demonstrated ability to build strong and effective relationships with staff, peers and senior executives.
• Conflict Resolution: Demonstrated ability to deal with conflict in a professional manner.
• Communications: Excellent written and oral communication skills.
• Travel: Must be willing to travel as needed to attend ex