VP of Credit Risk & Reserves Management

Published
February 5, 2021
Location
Dallas, TX
Category
Job Type

Description

The new Vice President of Credit Risk and Reserves Management will provide strategic leadership for the Credit Risk Management , Compliance & Risk Management, and Paycheck Protection Program Liquidity Facility operational units.  He or she will establish priorities that are aligned to the mission, vision and priorities of the Bank. 

Through his or her leadership, the Vice President will ensure the Credit Risk Management unit provides appropriate extension 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, In addition, the Vice President will ensure the Compliance & Risk Management unit appropriately validates that operations in Credit Risk and the Banking Supervision department are adhering to SOX, COSO, and internal operational requirements; and that the Paycheck Protection Program Liquidity Facility unit advances funds to financial institutions based on PPP collateral pledged by a financial institution and the periodic revaluation of collateral during its temporary operation.

The Vice President of Credit Risk and Reserves Management will build a culture of high performance, and inspire a team of diverse and highly engaged “superb talent” through leading people practices.  He or she will ensure there is alignment to the vision and priorities of the organization at all levels of his or her team.  He or she will lead by example as a coach; identifying and growing organizational capability and the talent pipeline for the success of the Federal Reserve Bank Dallas today and in the future.

The Vice President of Credit Risk and Reserves Management will ensure their leadership and the practices of their team sustain and enhance the Bank’s reputation as a trusted financial institution by the public. He or she will establish and maintain effective relationships with external partners and internal stakeholders at all levels in the communities we serve, in the Bank and across the Federal Reserve System.

Key Responsibilities:

Strategic Leadership

  • Be a leader within the Bank in vision, presence, and citizenship.
  • Have an enterprise mindset. Ensure solutions focused on overall success of the Bank and Federal Reserve System.
  • Build connections with other Reserve Banks and the Federal Reserve Board to increase the Bank’s thought leadership within the Federal Reserve System.
  • Maintain leading performance metrics including cost and productivity, proper risk management, and other key performance indicators. Ensure effective knowledge management and dissemination of data. 

Attract, Develop and Retain Superb Talent

  • 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.
  • Mentor and support staff to develop the next generation of Bank leaders.

Credit Risk Oversight

  • Provide general oversight of the credit risk, compliance & risk management, and paycheck protection program liquidity facility.  Provide the management team clear direction for achieving goals and objectives, ensure operational requirements are met or exceeded, and deliverables are of high quality. 
  • Engage with senior officials of regulated institutions and serve as a point of escalation when dealing with significant operational issues or risks.

System and Community Leadership

  • Actively participate or lead Federal Reserve System committees.  Facilitate and foster extensive communication with the Federal Reserve Board of Governors to influence System policy and strategic direction.
  • Represent the Reserve Bank in meetings with bankers to discuss available liquidity services, understand their distinct needs, and offer assistance where possible.

The Person:

  • 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.
  • 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.
  • Prior experience and general knowledge in audit processes and credit risk assessment techniques, particularly in the banking/financial industry.
  • Minimum of ten years’ experience in the banking, regulatory, or similar industry.
  • Bachelor’s degree with an emphasis in business; master’s degree or JD preferred.
  • Minimum seven years’ experience managing and leading managers and employees.
  • Deep interest in public service and commitment to the mission of the Federal Reserve System.
  • Excellent leadership experience.
  • Proven ability to work collaboratively in business teams; strong interpersonal and relationship 'building skills.
  • Strong written and oral communication skills.
  • Leads with integrity, demonstrating honesty and respect.
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