Business Planning Specialist

Company
Federal Reserve Bank of Chicago
As approved by the Conference of Presidents (COP), the Federal Reserve System (System) is moving forward with the creation of a Credit Risk Management Support Office (CRMSO) to facilitate an enterprise approach to activities that support the Credit Risk Management (CRM) business line. The CRM business line manages credit risk arising from Discount Window lending and Master Account management (overdrafts and overall payment system risk).
The new CRMSO, to be hosted by the Federal Reserve Bank of Chicago, is primarily responsible for leading the development and execution of strategic priorities and initiatives and facilitating enterprise decision-making.
Additional CRMSO function responsibilities include:• tMaking decisions as delegated by the PC and promoting and driving
effective decision making to achieve consistent approaches to business
delivery.• tAssessing the resources needed to support enterprise-oriented CRM
activities. • tIdentifying and organizing adequate resources to ensure CRM business
groups and initiatives are optimally organized and staffed to support CRM
business and technology functions. • tOverseeing, managing, and reporting on the progress of enterprise projects
and initiatives.
Principal Duties and Responsibilities:
The Business Planning Specialist manages complex projects related to strategic business planning, budget, and performance reporting initiatives on behalf of the Bank and the Federal Reserve System. The level of work is considered advanced. This position has no direct reports but may assign work and directions to others.
Project Management

• Lead large, multifaceted projects related to strategy, business planning, budget, and performance reporting.
• Manage project resources, meetings, timeline, budget, challenges, and risks.
• Develop detailed project and change managements plans.
• Create and present communication plans, materials, and status reports.
• Manage stakeholder relationships from analysts to senior executives.
• Ensure alignment with System enterprise business lines including, FRFS and FSO.
• In alignment with the System budget cycle and guidelines, develop and propose a comprehensive budget for Committee endorsement, coordinate the CRMSO portfolio CFSS budget development process and ongoing budget management and reporting to stakeholders.

Strategic Planning

• Participate in and/or lead finance related strategic planning initiatives for the CRM business line.
• Advise functional areas on budget related issues and monitor project costs and actuals, including National IT redistributed costs and internally developed software capitalization cost impacts.
• Develop and maintain a robust strategic planning and prioritization framework for CRMSO and coordinate the strategic planning and prioritization exercises.

Business Operations and Administration

• Provide project support to the CRMSO: outline the CRMSO project costs and reporting expectations; review project cost estimates (including PCAMs) submitted for accuracy, completeness, and the CFSS budget impacts.
• Engage with the Board of Governors Monetary Affairs and Reserve Bank Operations and Payment Systems liaisons and stakeholders to ensure enterprise-oriented activities and solutions align with Board of Governors' strategies and expectations.
• Anticipate and assess the impact of policy and operational changes in System business areas on CRM activities as well as changes in the Banking and/or Financial Services industry.
• Participate in high impact/priority workgroups.

Education & Experience:

• Bachelor's degree in related field or equivalent experience
• Five or more years of relevant work experience
• Proven mastery of strategic planning principles, financial planning, practices, and procedures obtained through education, experience, or certification.

Knowledge & Skills:

• Ability to communicate and build credibility with key stakeholders.
• Strategic thinking and decision-making abilities
• Possesses strong presentation skills Strong project/program management skills.
• Excellent written and verbal communication skills with a focus on strong presentation skills.
• Demonstrates aptitude to leverage relevant technology and software applications.
• Excellent attention to detail
• Ability to work independently and under minimal supervision.

What we offer:

• Comprehensive benefits package includes medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym, and subsidized cafeteria.
• A continuous learning environment with opportunities to gain new skills and grow your career.

Requirements:

• All Federal Reserve Bank of Chicago employees must be fully vaccinated against COVID-19, and receive a booster shot within 30 days of being eligible to do so, unless the Bank grants an accommodation based on medical condition or sincerely held religious beliefs.
• As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Analytical
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.
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