Federal Reserve Bank of Chicago Leadership & Management

Managers at Federal Reserve Bank of Chicago support employees through mentorship, collaboration, career development, cross-functional partnership and a culture that encourages people to contribute to meaningful work while continuing to grow. Employees describe leaders and colleagues as supportive, knowledgeable and focused on helping teams do work that advances the Bank’s public-service mission. 

• Mentorship and skill development: Employees point to mentorship and learning as important parts of the Chicago Fed experience. A research analyst said she enjoys working at the Bank because of “the mentorship from the economists” and its “intellectual and supportive culture.” External reviews also describe leaders who care about employees and encourage skill development, along with mentorship across levels of the organization (Indeed).
• Support for growth and new challenges: Managers and teams help employees pursue new opportunities, take on broader responsibilities and build long-term careers. A technology leader said he has taken on “new and exciting roles” throughout his career at the Fed and has “always been greeted with encouragement.” Other employees highlight job shadows, rotational assignments, stretch assignments and varied work as ways the Bank supports development.
• Collaboration across teams: Leadership support at the Chicago Fed often shows up through cross-functional collaboration. Employees describe working with colleagues across departments, including finance, procurement, IT, supervision, records management, research and community development. A senior project manager said project managers help teams keep moving forward, while a community development leader said colleagues across the Bank are willing to share their expertise when approached.
• Values-driven leadership and professionalism: The Bank’s culture is grounded in integrity, respect, responsibility and excellence. Employees describe successful Chicago Fed employees as people who collaborate, have self-awareness, value relationships and appreciate the bigger picture. That values-based environment helps shape how managers and teams approach work, decision-making and employee support.
• External signals:
  • Manager and peer support: External reviews highlight supportive colleagues, open communication, strong team dynamics and mentorship across levels. (Indeed)
  • Growth-oriented leadership: Reviewers describe leadership that encourages employees to develop their skills, while reviews cite learning opportunities and flexibility to attend seminars or classes. External ratings reflect this strength with 76% of employees approving of the CEO. (Indeed; Glassdoor)
  • Positive work environment: External reviews point to a positive work environment, strong culture, friendly and smart coworkers and meaningful work as strengths of the employee experience. (Glassdoor; Indeed)

Bottom line: Managers at Federal Reserve Bank of Chicago support employees by encouraging growth, fostering collaboration, providing mentorship and helping teams connect their day-to-day work to a broader mission of public service and financial stability.