Senior IT Project Manager - Credit Risk Management Support Office

Sorry, this job was removed at 04:17 a.m. (CST) on Saturday, Jul 26, 2025
Chicago, IL, USA
Hybrid
132K-157K Annually
Agency • Fintech • Payments • Sharing Economy • Social Impact
The Role
Company
Federal Reserve Bank of Chicago
The Senior IT Project Manager is in the Credit Risk Management (CRM) business line which manages credit risk arising from Discount Window lending and Master Account management (overdrafts and overall payment system risk).
In this role you will support the CRM business vision and strategy by ensuring the CRM portfolio of projects is on track to meet objectives. It is responsible for tracking and reporting on the status of key projects related to the standardization and modernization of CRM business processes and tools across all twelve reserve banks. This includes program management functions, such as facilitating program team meetings, maintaining comprehensive program reporting tools and managing communication flow among the project team and executive stakeholders, including developing, coordinating, and facilitating program communications. This role will project manage complex projects with many moving parts, dependencies and stakeholders.
There will be regular collaboration with IT partners, the CRM business line, partner enterprise services such as Federal Reserve Financial Services (FRFS), and the Board of Governors. The role supports senior leadership priorities and work has direct visibility at the senior executive level.
Job Description
• \tLeads project and portfolio activities, resources, and capabilities to ensure project goals are completed on time, within budget and with optimum quality. • \tSupport project sponsors and advisors by facilitating strategy discussions to shape the program approach and related communications. • \tConsults with business and IT partners to strategize, plan, prioritize and implement projects within designated time and budget constraints. • \tManages communication flow, upwards and downwards, among the project team and executive stakeholders, including developing, coordinating, and facilitating project communications
This position is considered advanced level and performs work of moderate to high complexity under general supervision and may lead some efforts autonomously. This job does not have any direct reports but may lead the work of junior staff.
Your Responsibilities:
  • Designs/maintains detailed project plans in coordination with project workstream leads, including definition of scope, requirements, objectives, resource allocation, budget and task schedules and milestones.
  • Consults on use of and adherence to Federal Reserve policies and practices, including established project management methodologies and project tracking and reporting tools.
  • Identifies and manages cross-workstream intersections and surfaces possible collisions.
  • Facilitates program team meetings and development of supporting agendasin collaboration with project leads.
  • Manages progress towards key deliverables (reminder e-mails, folder locations, version cleanliness / readiness, and document links).
  • Prepares presentations/memos/reports to inform key stakeholders, support alignment on the path forward and communicate progress. This could include organizing and developing materials for executive level meetings.
  • Develops, maintains and facilitates a robust artifact management and governance process with key stakeholders.

Your Background:
Education & Experience
  • Bachelor's degree in a related field, or commensurate specialized training, certification, or work experience
  • 8-10 years of related experience

Knowledge & Skills
  • Organizational & Time Management Skills: Demonstrated advanced project and risk management skills, including the ability to manage and organize work around multiple priorities, resources, customers, and management. Flexibility to handle fast changing conditions.
  • Knowledge: Advanced knowledge as it pertains to project and portfolio management disciplines as well as software applications and methodologies. Experience managing governance approvals and agile application development lifecycles. Knowledge of CRM products, data sources, supporting solutions and associated business processes is a plus.
  • Communications: Excellent organizational and communication skills, creativity, attention to detail, and negotiation skills to develop communications and provide executive-level reporting. Able to present information within all settings in a credible, confident, and influential manner. Communicates in a concise, direct, and purposeful way. Ability to build productive business relationships and work collaboratively to effectively manage diverse perspectives of stakeholders.

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
  • The expected starting salary range for this position is between $132,300 and $156,500 annually in addition to annual performance-based discretionary bonuses. Final salary and offer are determined by the applicant's relevant experience, skills, internal equity, and geographic and other market data.
  • The Chicago Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.chicagofed.org/careers/thebenefits

Additional Requirements:
  • Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.
  • This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.
  • 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.
  • This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.

Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Project/Product Management Family Group
Work Shift
First (United States of America)
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.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
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What the Team is Saying

Federal Reserve Bank of Chicago Compensation & Benefits Highlights

  • Retirement Support A 100% employer‑funded pension alongside an employer‑matched 401(k) is presented as a rare, distinguishing combination. This depth of retirement coverage is explicitly highlighted as a standout element.
  • Leave & Time Off Breadth Generous PTO and holidays are coupled with eight weeks of paid family‑care leave for new children or serious family health needs. Backup care access and related supports further reinforce the breadth of time‑off coverage.
  • Healthcare Strength Multiple medical PPO options, dental (PPO/HMO), vision, and FSAs are available alongside a 24/7 nurse line and an EAP. An on‑site wellness center and Healthy Rewards reimbursements complement the core health coverage.

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The Company
HQ: Chicago, IL
1,515 Employees
Year Founded: 1914

What We Do

The Federal Reserve Bank of Chicago is one of 12 regional Reserve Banks across the United States that, together with the Board of Governors in Washington, D.C., serves as the nation's central bank. The role of the Federal Reserve System, since its establishment by an act of Congress in 1913 , is to foster a strong economy and a stable financial system.

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