Examiner I/ II / Senior - Risk Specialist - Federal Reserve Bank (FRB)

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. An individual in this position is as an integral member of the risk discipline team. Serves as examiner-in-charge or lead risk specialist for supervisory activities at large, complex supervised bank/financial/savings loan holding companies and their subsidiaries. Also, participates on national horizontal reviews. Assignments include execution of supervisory reviews and continuous monitoring activities focused on the effectiveness of risk identification, risk management and governance practices for risk discipline. Ensures supervised institutions are in compliance with applicable laws, regulations, and policy statements. Supports gathering of cross firm and banking industry/ system risks and developments to understand and build perspectives on micro (institution-specific), horizontal (industry-wide/peer) and macro (financial system supervision) risks and vulnerabilities. Leads or serves in a material contributor capacity on projects, outreach and training. Note: Individuals in this role either have an examiner commission or are in the process of obtaining a commission.

Essential Accountabilities

• Serves as examiner-in-charge or lead risk specialist on reviews of market and liquidity risk and related activities. Participates on national horizontal and/or coordinated reviews (including leading a less complex workstream or comparable material contributor role).
• 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 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 market and liquidity risks.
• Maintains ongoing awareness of issues, trends, and topical areas relevant to risk discipline and related areas. Provides for knowledge sharing of key and emerging risks within and across the SCS administration.
• 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.
• Participates on or leads national or local projects and initiatives to advance the Reserve Bank and/or System strategic or operational projects and initiatives intended to enhance supervisory standards and processes, including training.
• Proficiently executes 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 market and liquidity risks and risk management.
• Manages and maintains relationships effectively with others, both internal and external to Federal Reserve, and tailors messaging appropriately to audiences across varying levels, including staff, mid-level/executive management and board of directors.
• Performs other duties as assigned or requested.

Education and Experience

• Bachelor's Degree
• Examiner I, 5+ years of experience
• Examiner II, 7+ years of experience
• Senior Examiner, 10+ years of experience in specialty area required

Knowledge and Skills

• Advanced ability to perform independent research
• Advanced knowledge of regulations, procedures, and practices of bank examination
• Intermediate knowledge of Microsoft Office
• Intermediate knowledge of project management
• Advanced problem solving and analytical
• Advanced specialized operational/technical skills in specialty area
• Advanced written and verbal communication
• Intermediate presentation
• Intermediate 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 will be required to travel by car/air.