Vice President - Credit, Risk and Reserves Management

Company

Federal Reserve Bank of Dallas

The Federal Reserve Bank of Dallas (Dallas Fed) promotes a strong financial system and healthy economy in the Eleventh Federal Reserve District, which includes Texas, northern Louisiana and southern New Mexico. Through our offices in Dallas, El Paso, Houston, San Antonio, and our team of 1300 employees, we work for and with the people of our district to build a strong and inclusive economy. The Dallas Fed works within the Federal Reserve System and with other public and private sector institutions to foster the safety, soundness and vitality of the United States economy and financial system.

We are one of 12 Reserve Banks that, along with the Board of Governors in Washington, D.C., constitute the nation’s central bank. We are part of the Federal Reserve System, which was established by Congress in 1913. Our mission is to serve the interests of the American public by informing and influencing our nation’s monetary policy, fostering financial stability and delivering quality services to the United States government and the financial institutions in our region. Although established by Congress we are independent of government.

The Dallas Fed’s responsibilities are wide-ranging. We actively work with government, the financial industry and community to conduct economic research and gather perspectives from our region to bring to national conversations about monetary policy; ensure our banking system is safe, accessible and secure; help maintain a reliable supply of cash and support digital payment; and ensure that all people in our district have opportunities to build a bright economic future. Our success depends on actively connecting with the people and communities we serve.

Location: #LI-Hybrid

Vice President of Credit, Risk and Reserves Management

The Role:

The role of the Vice President of Credit, Risk and Reserves Management is to provide strategic leadership for the Credit, Risk, Reserves, Compliance and Risk Management operational units to ensure priorities are aligned to the mission, vision, and priorities of the Bank and Federal Reserve System.

Key Responsibilities:

• Facilitate and foster communication with the Federal Reserve Board of Governors to influence System policy and strategic direction.
• Actively participate or lead Federal Reserve System committees and increase the Bank’s thought leadership on payments, reserves, and Discount Window operations within the Federal Reserve System. 
• Engage with senior officials of regulated institutions to discuss available liquidity services, understand their distinct needs, and serve as a point of escalation when dealing with significant operational issues or risks.
• Mentor and support staff to develop the next generation of Bank leaders.
• Actively seek, secure, and develop the best talent available.
• Take a leading role in the Bank’s diversity agenda and hold himself/herself and others accountable for creating an inclusive workplace.
• Maintain leading performance metrics including cost and productivity, proper risk management, and other key performance indicators. Ensure effective knowledge management and dissemination of data. 

Provide strategic oversight to ensure:

• The Credit Risk Management unit, which includes the Discount Window function, provides appropriate extensions of credit to financial institutions in the Eleventh District, which includes the assessment of financial condition of the institution, validation of collateral pledged, and the advancement of monies.
• The Reserves Management unit appropriately administers Regulation D and monetary policy tools, such as reserve requirements, interest on balances, and excess balance accounts.
• The Compliance and Risk Management unit appropriately validates supervisory products are being completed in accordance with the Quality Management Framework and operations in CRRM are adhering to SOX, COSO and internal operational requirements.
• Issues brought forward to the Divergent Views Independent Channel for Banking Supervision are appropriately addressed.

Minimum Requirements:

• Bachelor’s degree with an emphasis in business; master’s degree or JD preferred.
• Minimum of ten years’ experience in the banking, regulatory, or similar industry.
• Minimum of seven years’ experience managing and leading managers and employees.
• Working knowledge of credit risk, payments systems, and settlement activities involving financial institutions.
• Moderate experience with the Federal Reserve System’s Payment System Risk policy preferred.
• Prior experience and general knowledge in audit processes and credit risk assessment techniques, particularly in the banking/financial industry.