Senior Examiner, Consumer Compliance - FinTech

Federal Reserve System•Los Angeles, CA

About The Position

We are the Federal Reserve Bank of San Francisco — public servants with a mission to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the nation’s central bank, we are committed to understanding and serving the vibrant, expansive communities of the Twelfth District, which covers the nine western states of the U.S. That means we seek and appreciate new perspectives and build opportunities to learn and grow. At the SF Fed, we approach our work with integrity and a commitment to service. We are the Federal Reserve Bank of San Francisco — public servants with a mission to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the nation’s central bank, we are committed to understanding and serving the vibrant, expansive communities of the Twelfth District, which covers the nine western states of the U.S. That means we seek and appreciate new perspectives and build opportunities to learn and grow. At the SF Fed, we approach our work with integrity and a commitment to service. The SF Fed’s Supervision + Credit Group is responsible for the supervision and regulation of state member banks, bank holding companies, savings and loan holding companies, financial holding companies, data service providers, trust companies, and foreign banking organizations that operate in the 12th District. Supervised institutions are in all states of our District, and range in size and complexity from small community organizations to some of the largest banking organizations in the country. Right now, our team is looking for a Senior Examiner, Consumer Compliance - FinTech. These examiners help promote market efficiency and fairness in consumer financial services. They enforce federal consumer protection laws and regulations and promote access to banking services in historically underserved markets through various means, including conducting examinations, investigation of consumer complaints and outreach activities to the banking industry. Our ideal candidate has deep experience and subject matter expertise across all aspects of a compliance management system. You are familiar with the challenges of implementing a compliance management system across a very large and complex organization. We require a Commissioned Examiner via the Federal Reserve Examiner Commissioning Program (or another banking regulatory agency with CRA oversight such as the FDIC or OCC or CFPB). Are you ready to take your expertise to a passionate organization and make a real difference? We want to hear from you!

Requirements

Bachelor’s degree in business, economics, finance, accounting, or a related field is preferred.
An active examiner commission issued by the Board of Governors of the Federal Reserve System or other federal agency is required.
Typically requires a minimum of eight or more years of direct or comparable banking, financial industry, or banking supervision experience with exposure to a compliance frameworks.
Has experience and an in-depth understanding in a variety of financial service platforms and approaches, including FinTech and Banking as a Service (BaaS).
An understanding of risk management and banking principles.
Strong problem solving and analytical thinking skills.
Strong verbal and written communication skills.
Intermediate to advanced familiarity with the Microsoft Office suite, including Microsoft Word, Excel, and PowerPoint.
Valid driver's license is required.
Ability to travel up to 25%.
This position requires access to confidential supervisory information, which is limited to “Protected Individuals.” Protected Individuals include, but are not limited to, U.S. citizens and U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization, and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so or who will sign a declaration of intent to apply for naturalization before they begin employment.

Responsibilities

Participates and leads consumer compliance supervisory events at the largest and most complex financial institutions in the SF Fed district’s portfolio.
Develops risk assessments and monitors consumer compliance risks of an institution or portfolio of institutions on an ongoing basis.
In both verbal and written format, communicates sound conclusions and recommendations regarding the effectiveness of financial institutions’ compliance management systems.
Builds and maintains effective working relationships with partners within the Federal Reserve System, as well as with other regulatory agencies and supervised institutions.
Engages in formal training and mentorship programs for junior staff, including providing performance feedback to management.
Acts as a subject matter expert for large and complex financial institution compliance risk management frameworks, providing mentorship to staff and management on matters arising within financial institutions.
Participates in various conferences, seminars, and other outreach activities to provide current regulatory perspectives to the banking industry.
Maintains strong knowledge of financial services and regulatory environments, particularly as related to consumer protection laws and regulations.