5-7 years of experience in banking supervision or a related field
Demonstrated understanding of regulatory compliance and risk management
Strong analytical skills for evaluating financial and managerial factors
Excellent written and verbal communication skills, especially under pressure
Experience in leading teams and training less experienced staff
Ability to build strategic relationships with internal and external stakeholders
Responsibilities
Evaluate financial institutions' applications for compliance with regulations
Lead development and review of enforcement actions with examination teams
Build strategic relationships with Reserve Banks and regulatory bodies
Conduct examinations of financial institutions to ensure compliance
Assess overall risk management systems of institutions
Review and edit reports prepared by other examiners for accuracy
Guide and train less experienced examiners and potentially serve as an instructor
Coordinate supervisory activities as an Examiner in Charge (EIC)
Engage in continuous professional development to stay updated on regulations
Recommend supervisory actions based on thorough analysis of practices
Benefits
Comprehensive healthcare options (Medical, Dental, and Vision)
401K match and fully funded pension plan
Paid vacation and holidays with a flexible work environment
Generously subsidized public transportation
Annual tuition reimbursement
Professional development programs, training, and conferences
And more...
Full Job Description
Position Summary:
This position is a multifunctional role working on application filings and enforcement cases. Previous experience in applications and enforcement is a plus.
Under general oversight, participates in the supervision of financial institutions (state member banks, financial holding companies, domestic and foreign-owned bank holding companies, foreign banking organizations, and non-bank subsidiaries) by evaluating bank applications and proposals consistent with Reserve Bank and Federal Reserve System policies and procedures, identifying and analyzing risk inherent in the applications, reviewing quarterly progress reports, evaluating request from entities operating under supervisory actions, and drafting supervisory enforcement actions and recommendations, when applicable. Responsibilities also include communicating significant issues to management, producing written products that meet standards for accuracy and completeness, and developing well-supported conclusions with thorough, organized documentation files.
Key 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.
May perform examinations and inspections of financial institutions, ensures compliance with applicable laws and regulations, and produces a comprehensive report of findings.
Demonstrates balanced, well-reasoned judgement in decision making and is able to 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.
Performs or assists in reviewing and editing work prepared by others for content, clarity and accuracy.
Provides guidance, training, and feedback to less experienced examiners. May serve as an instructor at formal schools and through on-the-job training.
May serve in Examiner in Charge (EIC) role (possibly with focus on specialty function), which involves planning, coordinating, and monitoring supervisory activities. May prepare or assist in preparing schedules.
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 meetings with senior bank management to ensure strong communication of supervisory expectations.
Our total rewards program offers benefits that are the best fit for you at every stage of your career:
Comprehensive healthcare options (Medical, Dental, and Vision)
401K match, and a fully funded pension plan
Paid vacation and holidays; flexible work environment
Generously subsidized public transportation
Annual tuition reimbursement
Professional development programs, training and conferences
And more...
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change (e.g. emergencies, rush jobs, change in workload or technological developments).
