Community Banks Lead Examiner
Federal Reserve Bank of Minneapolis
CompanyFederal Reserve Bank of New YorkWorking at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems. It is a challenge that demands the skills of a financial service professional and the intelligence of an academic—all combined with a passion for public service.
The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.
What we do:
The Supervision Group of the Federal Reserve Bank of New York (FRBNY) supervises banks in the Second District. The objectives of supervision are to:
Evaluate and promote the overall safety and soundness of supervised institutions.
Ensure supervised institutions’ compliance with relevant laws and regulations.
Facilitate the stability of the financial system of the United States.
Support the growth and stability of the U.S. economy.
Supervision is carried out through a combination of methods, including through on-site and off-site examinations involving staff dedicated to the supervision of individual firms, and through other professionals focused on analytical, policy and risk matters. Supervision is coordinated with other US agencies.
The Community Bank Supervision Department in the Regional, Community, and Foreign Institution (RCFI) Function supervises and regulates state member banks and bank holding companies under $100 billion in the United States. You will use skills in evaluating financial organizations’ relevant risk management practices and risk profiles. Further, you will identify issues that may warrant additional supervisory consideration relative to existing or future guidance.
Your role as a Community Banks Lead Examiner:
Participate in and/or lead examinations that require presentation of examination results to Federal Reserve management and staff, other supervisory authorities and the supervised community banking institutions
Work with Financial Analysts and others for monitoring efforts to identify new risks and trends
Cultivate and share knowledge with colleagues about current risk management techniques and practices used in supervision and the financial services industry
Determine the effectiveness of management policies and procedures for maintaining compliance with laws and regulations
Conduct periodic analyses of financial and other information received from supervised and other institutions and update Supervisory Plans, Risk Assessments, or Institutional Overviews
Analyze current industry practices, conditions, and trends and identify inherent and new risks as financial products and markets evolve
Identify strategies, risk and exposure levels at financial institutions to assess risk management practices and the adequacy of risk management systems
Ensure examination work products complies with quality control requirements of the CBO Program
Develop product memos, report comments, risk assessments and other materials that support examination findings and supervisory decisions and determinations
What we are looking for:
Prior industry or regulatory experience
Intellectual curiosity and proven analytical approach to problem-solving
Intermediate skills in the primary components of a full-scope examination including disciplines with particular focus on financial analysis of capital, earnings, and liquidity
Familiarity with the risk-focused supervision process and the examination process for domestic banks and bank holding companies
Examiner commission desirable
Project management and familiarity with data analysis tools such as Tableau is desirable
The role will allow for a mix of remote work and travel to onsite locations. Travel will depend on business travel conditions permitting up to 15 percent of the time
Salary Range: $132800 - $154000 / year
We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.
Cover Letters preferred highlighting how your background aligns to the role.
Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.
Our organization offers benefits that are the best fit for you at every stage of your career:
Fully paid Pension plan and 401k with Generous Match
Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)
Subsidized Public Transportation Program
Tuition Assistance Program
Onsite Fitness & Wellness Center
The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
Please note that the 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 permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements.
In addition, all candidates must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana.
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.
Full Time / Part TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)Yes
Work ShiftFirst (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.