Company

Federal Reserve Bank of RichmondWhen you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

The Supervision and Regulation Department has an immediate opening for a Large Institute Supervision Coordinating Committee (LISCC) Liquidity Program Examiner position, reporting to the LISCC Liquidity Program (LP) Horizontal Team Lead.

The LISCC Liquidity Program (LP) focuses on evaluating the liquidity risk management practices and liquidity positions of supervised firms. The Liquidity Risk Examiner is responsible for developing and executing the assigned elements of the program’s supervisory plan, communicating supervisory messages, and developing liquidity ratings of the supervised institutions. This entails leading and/or contributing to firm-specific and horizontal supervisory reviews regarding liquidity risk management and internal liquidity stress testing practices.

What You Will Do:

• Support the Liquidity Program by executing cross-firm reviews of the LISCC firms’ liquidity risk management practices, including internal liquidity stress testing practices. The team member is expected to contribute to reviews of a variety of liquidity risk management topics over time.

• Lead or participate in firm specific and horizontal examinations, developing well supported supervisory assessments.

• Present examination results to supervised institutions, Federal Reserve management, staff, and other supervisory authorities.

• Write conclusion memos and other written work products supporting the examiner assessment.

• Develop a detailed understanding of the LISCC firms’ relevant liquidity risk management practices, including stress testing.

• Demonstrate an ability to rotate across assignments and topics and develop a comprehensive understanding of areas assigned.

• Performing work under limited supervision with extensive autonomy and discretion; planning and arranging short- and long-term work.

Qualifications:

• 3-9+ years’ experience in one or more of the following areas: corporate treasury, liquidity, or relevant fields

• Bachelor’s degree or equivalent related work experience

• Demonstrated experience and understanding of financial markets and banking system, bank and broker dealer funding products, and liquidity risk management.

• Commissioned examiner and/or Examiner-in-Charge experience highly preferred

• Willingness to travel up to 25%.

Other Requirements and Considerations:

• Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict-of-interest rules and personal investment restrictions.

• Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.).

• Ability to build deep, productive working relationships with a range of internal and external stakeholders.

• Advocates for and promotes a culture that is collaborative and inclusive.

• 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.

• 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. These employees may need to recuse themselves from certain supervisory work based on:

  • Their borrowing relationships (Appendix B Parts I.1, II.1 and II.2)

  • If a financial institution employs a member of the employee’s immediate family (i.e. spouse, child, parent, or sibling) (Appendix B Part I.3 and Part II.3)

  • If the individual was employed by the financial institution or affiliate within the past 12 months (Appendix B Part I.3 and II.3).

  • In certain cases, the recusal may be so extensive it could materially reduce the effectiveness of the prospective employee’s job responsibilities.

• The hiring range of the Examiner – LFI - Int is $84,700 - $105,600

• The hiring range of the Examiner – LFI – Sr. is $119,700 - $144,500

• The hiring range of the Examiner – LFI – Adv. is $131,200 – $166,500

• Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications.

• Applications will be reviewed on a rolling basis. Interested candidates are encouraged to apply by Friday May 26th, 2023.

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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