Applications Examiner

Federal Reserve Bank of Philadelphia•Atlanta, GA

21h•Onsite

About The Position

This position is a multifunctional role working on application filings and enforcement cases. The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position, and you are required to be onsite according to the schedule set by your management. The role designs, directs, and/or participates in a comprehensive, risk-focused supervisory program of somewhat complex financial institutions (state member banks, financial holding companies, domestic and foreign-owned bank holding companies, foreign banking organizations, and nonbank subsidiaries). It proactively identifies risks through on and off-site examination and review of financial information, to ensure that the institutions are operating in a safe and sound manner and in compliance with application laws and regulations. The incumbent will likely develop and maintain in-depth expertise in one or more specialty areas or topics (including but not limited to operations risk, information technology, or consumer law). They will actively participate in broader Reserve Bank and/or Federal Reserve System initiatives related to areas of expertise, including formulation of policy development and implementation.

Responsibilities

Evaluates and reviews financial, managerial, competitive, and convenience and needs statutory factors for expansionary proposals.
Lead the evaluation, development, and review of enforcement actions and work with examination teams to ensure a comprehensive and consistent evaluation of legal and regulatory requirements.
Build and maintain strategic work relationships and networks with both internal and external stakeholders, such as other Reserve Banks, Board staff, and other agencies.
Demonstrates balanced, well-reasoned judgement in decision making and can effectively communicate with senior management and directors of supervised institutions under potentially adversarial circumstances.
Assess institutions’ overall condition, risk management systems, and compliance with applicable laws, regulations, statutes, and board policy.
Investigate cases in the 6th District involving financial institution staff who’ve committed fraudulent or untrustworthy acts.
Performs or assists in reviewing and editing work prepared by others for content, clarity and accuracy.
Participates in a variety of continuing professional development programs.
Maintains knowledge of current regulations and industry issues through communications and industry literature.
Develops and recommends appropriate supervisory actions to ensure sound practices.
Prepares informative, well-supported supervisory products and work papers as well as coordinate and lead.
Designs, directs, and/or participates in a comprehensive, risk-focused supervisory program of somewhat complex financial institutions (state member banks, financial holding companies, domestic and foreign-owned bank holding companies, foreign banking organizations, and nonbank subsidiaries).
Proactively identifies risks through on and off-site examination and review of financial information, to ensure that the institutions are operating in a safe and sound manner and in compliance with application laws and regulations.
Will likely develop and maintain in-depth expertise in one or more specialty areas or topics (including but not limited to operations risk, information technology, or consumer law).
Actively participates in broader Reserve Bank and/or Federal Reserve System initiatives related to areas of expertise, including formulation of policy development and implementation.