Examiner I/II - RBO/CBO - Federal Reserve Bank (FRB)

Company

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is part of the nation’s central bank and we’ve provided many opportunities for professional growth during our history.

For twenty-three 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.

Our People Make the Difference! The Federal Reserve Bank of Cleveland is seeking innovative thinkers with vision to build the framework that will carry the Bank into the future.

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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.

Supports the Federal Reserve's mission of financial system stability. Conducts examinations of community and regional financial institutions of increasing size and complexity, as well as large and complex financial institutions and some problem CBO and RBO institutions. Identifies risks through on- and off-site supervisory activities that ensure financial institutions are operating in a safe and sound manner and in compliance with banking laws and regulations. Provides coaching and mentoring to lesser- experienced examiners and contributes to strategic initiatives.

General Responsibilities:

• Serves as Examiner-In-Charge of community and regional financial institutions of increasing size and complexity and some problematic institutions. Participates on reviews of large complex financial institutions.
• Evaluates condition and risks in conjunction with regulatory guidelines to determine appropriate scope and objectives.
• Manages team of examiners with safety and soundness and risk specialty skills, which includes overseeing risk scoping and supervisory conclusions, and providing performance feedback.
• May be required to participate in or lead examinations in specialty risk areas such as information technology, BSA/AML, and capital planning and stress testing. Often leads examinations in areas such as corporate governance, audit, and risk management.
• Works effectively with representatives of other Regulatory Agencies and presents findings of joint examinations/inspections in clear concise manner.
• Identifies weaknesses and prepares and communicates all supervisory findings to Reserve Bank management, Federal Reserve System management, and bank senior management and boards of directors.
• Participates on examinations of community, regional, and large complex financial institutions.
• Assesses risks, internal controls, and compliance with laws and regulations. Completes assignments in alignment with departmental and System standards with minimal oversight.
• Strong ability to monitor and understand risks and trends at the institution specific level, portfolio level (across a group of firms) and of the broader financial system and financial markets. Applies such knowledge to supervisory assessments with some oversight.
• May serve as a financial institution's regulatory central point of contact or subject matter expert for all supervisory matters (including applications, enforcement, and risk specialty areas).
• Maintains ongoing awareness of issues and oversees findings from specialty or technical risk areas. Demonstrates ability to apply such understanding and incorporate into overall supervisory conclusions and ratings.
• Participates in training programs as prescribed.
• Participates or leads efforts to advance Reserve Bank or System strategic initiatives.
• Provides coaching and mentoring and performance feedback to other examiners.
• Performs other duties as assigned or requested.

Education and Experience:

• Bachelor's Degree in Accounting, Finance, Mathematics, Economics, or related field.
• Examiner I: 5+ years of related work experience required.
• Examiner II: 7+ years of related work experience required.
• Commissioned Examiner of the Federal Reserve System preferred.

Knowledge and Skills

• Advanced ability to perform independent research
• Advanced knowledge of project management
• Advanced knowledge of regulations, procedures and practices of bank examination
• Intermediate knowledge of Microsoft Office
• Basic knowledge of budgeting

• Advanced problem solving and analytical skills
• Advanced written and verbal communication
• Advanced presentation
• Advanced specialized operational/technical skills in bank examination
• Advanced public speaking
• Intermediate strategic thinking/planning

Physical Demands and General Working Conditions

Traditional office environment: Employees typically sit most of the day, work with a computer and may answer/respond to phone calls. Physical movement consists of walking for meetings, breaks, etc. Ability to lift items weighing approximately 20 pounds on a limited basis is required. Employees may be required to travel by car/air.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Bank Examination

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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