Supervision/Financial Analyst

Federal Reserve System•Baltimore, MD

16d•$83,600 - $182,000•Onsite

About The Position

The Federal Reserve Bank of Richmond (Reserve Bank) has an immediate opening for a Supervision Analyst on the Applications & Enforcements team in the Supervision, Regulation and Credit (SRC) department, reporting to a senior manager. The analyst’s primary responsibilities are to evaluate financial, managerial, and other statutory factors of expansionary proposals (e.g. mergers & acquisitions) for bank holding companies, state member banks, and other Federal Reserve-regulated entities as well as analyzing other filings associated with activities for which a regulatory determination or approval is required. The successful candidate will be actively involved throughout the lifecycle of the application process, which will require engagement across a variety of internal and external stakeholders including financial institution executives and their outside legal counsel, Reserve Bank supervision/legal staff and executive leadership, Federal Reserve Board of Governors (Board) staff, other state and Federal Regulators. As business conditions evolve, the successful candidate may contribute to work associated with supervisory enforcement actions. Experience in financial institution supervision, legal/regulatory analysis and/or applications/licensing is highly valued. On-site presence required.

Requirements

Bachelor’s degree in Economics, Finance, Accounting, Business Administration or related field (or equivalent experience)
Intermediate level: 3-5+ years in regulatory, banking, legal or finance-related field
Senior Level: 5-9 years in supervision/banking analysis or related role
Advanced Level: 9+ years in supervision/banking analysis or related role
Skills in financial analysis of banks, bank holding companies and other similar entities
Knowledge of banking industry regulatory applications processing, laws and regulations, supervisory policies and guidance is highly desired
Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict-of-interest rules and personal investment restrictions.
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.
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.
Under Conflict of Interest guidelines administered by the Board of Governors of the Federal Reserve System, examining personnel may not participate on an examination of a financial institution or affiliate if the examiner was employed by the financial institution or affiliate within the past 12 months.
Please review Bank’s Employee Code of Conduct to ensure there are no major issues related to your previous employment and current financial interests (relevant sections are 5.3 and Appendix B, Parts I, II and III).
FRB ethics rules generally prohibit employees and their immediate families from owning investments in banks, savings associations, or their holding companies (Section 5.3).
Additionally, employees engaged in Supervision and Regulation may be subject to borrowing and deposit restrictions.

Nice To Haves

Prior financial institution supervision experience (Examiner commission) is a plus

Responsibilities

Review regulatory filings for applicable statutory factors in support of regulatory determination or approval recommendations
Analyze data, perform research, interpret supervisory information and review for compliance with applicable laws, regulations, and policies to reach accurate, in-depth conclusions
Prepare high-quality informal and formal written correspondence, internal memoranda and other deliverables supported by accurate analysis and sound judgment
Communicate clearly and proactively with relevant stakeholders to ensure effective information sharing and timely deliverables
Develop and maintain knowledge of banking risks, laws and regulations, and Board policies and guidance.
Build and maintain collaborative work relationships and networks with both internal and external stakeholders, such as other Reserve Banks, Board staff, and other agencies
Contribute to and sometimes lead process improvement and knowledge sharing efforts
Perform other duties assigned including participation in Federal Reserve System, Bank and SRC work groups