Assistant Vice President - Consumer Affairs

Company

Federal Reserve Bank of Minneapolis

The Federal Reserve Bank of Minneapolis (Bank) is a mission-driven, inclusive organization committed to pursuing a growing economy and stable financial system that works for everyone.

Supervision, Regulation and Credit (SRC) plays a critical role in the Bank's core mission by supervising state-chartered member banks, bank holding companies, financial holding companies, and savings and loan holding companies.

We seek individuals who hold themselves to the highest standards and enjoy challenging work in a collaborative environment.

Job Summary:
We are looking for a highly motivated Consumer Compliance Assistant Vice President (AVP).

In this role, reporting to the vice president, you will help lead and oversee the consumer compliance function within SRC by fostering an inclusive, collaborative culture focused on quality and development.

Conducting oneself in a manner that aligns with the Bank’s values of service, integrity, inclusion, initiative, accountability, and objectivity is critical to success in this role.

Key responsibilities of this role:


* Partner with the section’s vice president in leading a team of managers and individuals responsible for the supervision of consumer protection laws and regulations and the Community Reinvestment Act (CRA) at Ninth Federal Reserve District financial institutions and the handling of consumer complaints against these institutions.


* Oversee a highly effective consumer compliance and CRA supervision program that identifies and responds proactively and effectively to identified risks and complies with Federal Reserve System (System) and Bank policies and procedures.


* Support a strong performance and development culture through timely feedback and coaching and development opportunities for managers and staff.


* Provide strategic direction and leadership for the Consumer Affairs section and SRC division, including identifying process improvement needs and leading efforts to make needed improvements.


* Coordinate with and develop strong working relationships with numerous stakeholders, including institution management, Reserve Bank management, Board staff, and colleagues at other Reserve Banks and supervisory agencies.


* Leverage skills and experience to lead or participate in division, Bank, and System strategic, policy, and process improvement efforts. 


* Be a leader within the Bank in supporting a diverse, equitable, and inclusive work environment.


* Create an environment that seeks diverse views and perspectives to promote a collaborative-, learning-, and continuous improvement-focused work environment with a highly engaged team.

Qualifications:


* Bachelor’s degree in a related field required.

Advanced degree in business or law preferred.


* 10+ years of direct work-related experience in consumer compliance, internal audit, and/or operational risk, with five or more years leading teams and managing p...