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Consumer Compliance Bank Examiner

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Legal
Boston, MA, USA
Posted on Thursday, April 6, 2023

Company

Federal Reserve Bank of BostonAs an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.

This job is eligible for a hybrid schedule with some on-site work expected.

As a Consumer Compliance Bank Examiner, you will support the Federal Reserve Bank of Boston's mission to promote safe and competitive practices in the nation's banking system through the provision of sound supervisory oversight of financial institutions and their compliance with consumer protection laws and regulations. We are looking for individuals interested in performing both important and rewarding work, and who take pride in what they do. We are driven by high internal expectations, and we look for team members who wish to make a positive impact.

Examiners in the Consumer Compliance Unit exhibit proficiency in several components of the supervisory process. Reporting to the Exam Manager, you will work with a team of Examiners and Analysts to assess institutions' compliance management systems and compliance with applicable consumer protection laws and regulations during the examination process. Individuals have mastered commonly used supervisory concepts and are able to work independently. Skills needed for this position include a knowledge of consumer compliance lending and deposit regulations, fair lending regulations, the Community Reinvestment Act, and the Unfair or Deceptive Acts or Practices Act. The ability to engage senior management and the boards of directors of financial institutions is also necessary.

We are looking for a commissioned, or near-commissioned Consumer Compliance Examiner. However, we will also consider candidates with equivalent consumer compliance, banking, supervisory, or legal experience. Consideration will be given for different levels of experience, and the successful candidate will be placed into an appropriate level within the Federal Reserve Bank of Boston's Examiner job family.

Responsibilities:

  • Exhibit basic understanding of supervisory processes, banking processes, and products; basic knowledge of applicable laws and regulations.
  • Analyze problems with appropriate logic and fact-finding; identify irregularities or minor issues before major problems appear.
  • Present both orally and in written form findings and assessments concerning non-complex supervisory matters to internal and external stakeholders.
  • Manage own workflows with periodic input from other Examiners and Managers to meet supervisory milestones.
  • Seek and accept coaching and constructive feedback.

Qualifications:

  • Master's degree or equivalent.
  • Minimum of 2 years of job-related experience, or completion of initial courses in a banking agency Examiner Commissioning Program.
  • Ability to travel.

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, healthy workflow
  • Generously subsidized public transportation
  • Annual tuition reimbursement
  • Professional development programs, training and conferences
  • And more…



The Federal Reserve Bank is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

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.

All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.

The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

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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