First Vice President & Chief Operating Officer

Company

Federal Reserve Bank of Chicago

The First Vice President and Chief Operating Officer (“FVP/COO”) holds a leadership role within the Chicago Fed, primarily responsible for the effective operation of the Bank and serving as the key advisor to the President.

They also play a key role representing the voice and perspectives of the Bank more broadly within the Federal Reserve System and collaborating on systemwide initiatives.

The Chicago Fed seeks an executive with a proven record of leading professionals and operations and delivering results.

The FVP must be capable of inspiring, supporting and developing leaders throughout the bank.

They must also work collaboratively with peers across the Federal Reserve System and be able to achieve success in an environment with shared accountability.

The deadline for applications is 5:30 p.m.

CT on Friday August 22nd 2025.

If you have an interest in this opportunity, or a referral for the role, please contact: Tory Clarke Partner, Bridge Partners tory.clarke@bridgepartnersllc.com or Neeta Mehta Partner, Bridge Partners neeta.mehta@bridgepartnersllc.com

THE ORGANIZATION:

The Federal Reserve Bank of Chicago ("Chicago Fed" or the "Bank") works within the Federal Reserve System and with other public and private sector institutions to foster the safety, soundness and vitality of our economy and financial system.

The Federal Reserve Bank of Chicago is one of 12 regional Reserve Banks which, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System.

The Fed, as the system is commonly called, is an independent governmental entity created by Congress in 1913 to serve as the central bank of the United States.

It is responsible for formulating and executing monetary policy, supervising and regulating depository institutions, providing an elastic currency, assisting the federal government’s financing operations and serving as the banker for the U.S.

government.

The Chicago Fed oversees the Seventh Federal Reserve District, which includes Iowa and most of Illinois, Indiana, Michigan, and Wisconsin.

The Chicago Fed is a civic, business, and community leader in Chicago and the Midwest region.

It has a healthy, mission-driven culture and has received recognition from multiple national and regional organizations as an outstanding place to work.

It has always taken great pride in its role as a model bank within the Federal Reserve system and a producer of talented leaders systemwide.

The Bank holds several key System roles, including oversight for the Credit Risk Management Support Office (CRMSO) which is responsible for enabling an enterprise-oriented, coordinated approach to the System's credit risk management activities across Reserve Banks, and the System Leadership Initiative function which provides leadership development programming across the Federal Reserve System.

The Chicago Fed employs about 1,600 people, who are primarily located at the head office in Chicago...