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.

• Working knowledge of the Committee on Sponsoring Organizations (COSO) frameworks and guidance as well as Sarbanes-Oxley (SOX) legislation and how to apply the guidance in a business line for proper adherence and reporting.

Our Benefits:

We offer competitive pay and benefits including but not limited to

• Health, dental and vision insurance.

• Pension and 401K Plan with employer matching provision.

• Credit protection, financial planning, and opportunities for pre-tax savings

• Flexible Work Environment with generous vacation, federal holidays and paid time off to volunteer in the community.

• Healthy lifestyle assistance through an on-site fitness center and subsidized cafeteria with healthy food options.

• Centrally located in Downtown Dallas with free on-site underground parking, and public transportation subsidy.

• Support with continued education.

Notes:

Applicants must be eligible to work in the U.S and the role is not available for sponsorship.

We use a hybrid work schedule that allows remote work but requires on-site work (in the office) based on business needs.

Are you ready to make a difference?

The Federal Reserve Bank of Dallas is proud to be an Equal Opportunity Employer that believes in the diversity of our people, ideas and experiences, and we are committed to building an inclusive culture that represents the communities we serve.

https://www.dallasfed.org

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Executive

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.