Examiner II/Senior - Risk Specialist

Federal Reserve System • Cleveland, OH

2d

About The Position

The Federal Reserve Bank of Cleveland’s mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems while representing the Fourth District perspectives. As part of the nation’s central bank, we are a team of mission-driven professionals who are committed to serving with excellence. Our core values are: Build Trust Every Day, Own Our Actions, Collaborate with Intention, and Be Open to Change. For twenty-six years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications. Follow us on LinkedIn, Twitter, Instagram, and our YouTube channel – Cleveland Fed Supports the Federal Reserve`s mission of financial system stability. An individual in this position is as an integral member of the risk discipline and possesses advanced technical and supervisory skills. Leads and participates in large, complex, and challenging supervisory activities to determine the adequacy of consumer compliance risk management processes to identify, measure, monitor, and mitigate risks. Demonstrates advanced skills regarding bank operations and products and is able to leverage an understanding of the interplay of risks, risk drivers, and risk management to conduct critically focused supervisory assessments. Demonstrates advanced knowledge consumer protection regulations and industry practices and leverages innovative techniques to identify and assess emerging risks. Conducts forward-looking analysis of cross firm and industry/financial system risks and developments to help drive perspectives on micro (institution specific), horizontal (industry wide/peer) and macro (financial system supervision) risks. Leads or acts in material contributor role on complex projects and develops/delivers outreach and training. Note: Individuals in this role either have an examiner commission or are in the process of obtaining a commission.

Requirements

• Examiner II: Bachelor's Degree and 7+ years of related work experience in specialty area required
• Examiner Senior: Bachelor's Degree and 10+ years of related work experience in specialty area required
• Expert knowledge of consumer protection regulations, procedures, and practices of bank examination
• Advanced ability to perform independent research.
• Advanced knowledge of project management
• Intermediate knowledge of Microsoft Office
• Expert problem solving and analytical.
• Expert specialized operational/technical skills in specialty area.
• Advanced written and verbal communication
• Advanced presentation
• Advanced public speaking
• Advanced strategic thinking/planning
• This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo an enhanced background check and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.
• As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions. 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.
• In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.

Responsibilities

• Serve as examiner-in-charge or lead risk specialist on consumer compliance reviews, and related activities.
• Demonstrates sound supervisory judgment and leadership skills in organizing, deploying, and managing assigned resources when acting in an in-charge capacity.
• Identifies and assesses institution-specific and industry risk levels, key developments, and trends.
• Prepares informative, well supported supervisory products and workpapers, and effectively communicates supervisory findings, both verbally and in writing, to the supervised banking organization's senior management and board of directors in a thoughtful and concise manner.
• Works independently or in small teams on reviews both in-District and out-of-District.
• Demonstrates expertise and agility in executing a range of assignments, including highly complex, and at firms of varying size, condition, and complexity (including larger, more complex banking organizations).
• Performs continuous financial system supervision monitoring to understand micro (institution specific), horizontal (industry wide/peer) and macro (financial system supervision) risks.
• Serves as a subject matter expert (SME) for the Bank, SCS department management, and staff regarding risk discipline.
• Maintains ongoing awareness of issues, trends, and topical areas relevant to risk discipline such as fair lending, CRA, UDAP, and consumer complaints.
• Provides for knowledge sharing of key and emerging risks within and across the SCS administration and System.
• Provides informed input through policy, supervisory guidance, or other contributions to enhance supervisory activities and effectiveness.
• Prepares written and verbal risk assessments, analytical and other products and briefings as requested.
• Develops and delivers written analyses and presentations on institution-specific and industry trends.
• Leads or participates on the most critical, most complex local and strategic or operational projects and initiatives intended to enhance policy, supervisory standards and processes, examiner training, address emerging issues or developments, or enhance quality, performance, and effectiveness.
• Proficiently executes examination and other related assignments and activities consistent with established objectives, performance, and timeliness requirements.
• Shares knowledge and expertise and provides leadership, coaching and mentoring to peer/junior examiners, analysts, and other staff to support their knowledge and understanding of risk discipline.
• Manages and maintains relationships effectively with others, both internal and external to Federal Reserve, and tailors message appropriately to audiences across varying levels, including staff, mid-level/ executive management, and board of directors.
• Performs other duties as assigned or requested.

Benefits

• The Cleveland Fed offers benefits to support overall health and financial security.
• Learn more about our benefits here: https://www.clevelandfed.org/careers

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees