Reckitt
First Vice President & Chief Operating Officer
Reckitt, Chicago, Illinois, United States, 60601
First Vice President and Chief Operating Officer
The Federal Reserve Bank of Chicago seeks an executive with a proven record of leading professionals and operations and delivering results. 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 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 Chicago Fed 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. Key responsibilities include serving as the second-ranking officer of the Bank, reporting to the President; partnering with the President to establish, communicate and execute the strategic direction of the organization; directing and coordinating the activities and operations of the Bank including providing effective oversight for the Bank's financial performance, operational performance, and risk management; making significant intellectual and strategic contributions to Federal Reserve System efforts and assuming System leadership assignments; ensuring strong leadership, effective succession planning, and an engaged, high-quality workforce; leading by motivating and empowering others to achieve individual and organizational goals, and by fostering an environment that allows everyone to do their best work. The leader must have operations leadership experience, oversight of financial performance, risk management, and/or essential operations; experience with effectively achieving financial targets and establishing multi-year financial forecasts to achieve short- and long-term strategic priorities; while current or prior leadership experience at a Federal Reserve Bank or at the System level will be highly beneficial, other leadership experience gained navigating large mission-driven, regulated organizations will be considered. Critical leadership competencies include management, strategic thinking and inspiring leadership, influencing and motivating, developing talent and building strong teams, furthering the culture, and action orientation and entrepreneurial mindset. Other requirements include eligibility for a top-secret-level security clearance, ability to work full-time in the Chicago office, and regular domestic travel with international travel as needed. Prohibited activities include publicly traded company board positions, active roles in partisan politics, outside activities inconsistent with the employee's duties, and acceptance of compensation from third parties for teaching, speaking, or writing on a subject that relates to the employee's responsibilities at the Bank. Senior Federal Reserve officials are also prohibited from purchasing individual stocks or sector funds; holding investments in individual bonds, agency securities, cryptocurrencies, commodities, or foreign currencies; entering into derivatives contracts; and engaging in short sales or purchasing securities on margin. Senior Federal Reserve officials must provide 45 days' non-retractable notice for purchases and sales of securities, obtain prior approval for such transactions, and hold investments for at least one year. The expected starting salary range for this position is between $425,000 and $440,000 annually in addition to annual performance-based discretionary bonuses. Final salary for this position is determined and approved by the Board of Governors of the Federal Reserve System. The Chicago Fed offers benefits to support overall health and financial security. 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 or Neeta Mehta Partner, Bridge Partners. Full Time / Regular / Job Exempt (Yes) / Executive Family Group / First (United States of America)
The Federal Reserve Bank of Chicago seeks an executive with a proven record of leading professionals and operations and delivering results. 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 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 Chicago Fed 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. Key responsibilities include serving as the second-ranking officer of the Bank, reporting to the President; partnering with the President to establish, communicate and execute the strategic direction of the organization; directing and coordinating the activities and operations of the Bank including providing effective oversight for the Bank's financial performance, operational performance, and risk management; making significant intellectual and strategic contributions to Federal Reserve System efforts and assuming System leadership assignments; ensuring strong leadership, effective succession planning, and an engaged, high-quality workforce; leading by motivating and empowering others to achieve individual and organizational goals, and by fostering an environment that allows everyone to do their best work. The leader must have operations leadership experience, oversight of financial performance, risk management, and/or essential operations; experience with effectively achieving financial targets and establishing multi-year financial forecasts to achieve short- and long-term strategic priorities; while current or prior leadership experience at a Federal Reserve Bank or at the System level will be highly beneficial, other leadership experience gained navigating large mission-driven, regulated organizations will be considered. Critical leadership competencies include management, strategic thinking and inspiring leadership, influencing and motivating, developing talent and building strong teams, furthering the culture, and action orientation and entrepreneurial mindset. Other requirements include eligibility for a top-secret-level security clearance, ability to work full-time in the Chicago office, and regular domestic travel with international travel as needed. Prohibited activities include publicly traded company board positions, active roles in partisan politics, outside activities inconsistent with the employee's duties, and acceptance of compensation from third parties for teaching, speaking, or writing on a subject that relates to the employee's responsibilities at the Bank. Senior Federal Reserve officials are also prohibited from purchasing individual stocks or sector funds; holding investments in individual bonds, agency securities, cryptocurrencies, commodities, or foreign currencies; entering into derivatives contracts; and engaging in short sales or purchasing securities on margin. Senior Federal Reserve officials must provide 45 days' non-retractable notice for purchases and sales of securities, obtain prior approval for such transactions, and hold investments for at least one year. The expected starting salary range for this position is between $425,000 and $440,000 annually in addition to annual performance-based discretionary bonuses. Final salary for this position is determined and approved by the Board of Governors of the Federal Reserve System. The Chicago Fed offers benefits to support overall health and financial security. 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 or Neeta Mehta Partner, Bridge Partners. Full Time / Regular / Job Exempt (Yes) / Executive Family Group / First (United States of America)