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CRSB Examiner- Mergers, Aquisitions & Enforcement

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Multiple locations
Posted on Tuesday, September 12, 2023

Company

Federal Reserve Bank of ChicagoThe Federal Reserve Bank of Chicago is one of 12 regional reserve banks in the United States, along with the Federal Reserve Board of Governors in Washington, D.C., which make up the nation's central bank. The Bank is committed to adhering to a culture of excellence, respect, integrity and responsibility.

As part of its core mission, the Supervision & Regulation (S&R) Department of the Federal Reserve Bank of Chicago is responsible for supervising and regulating state-chartered banks that are members of the Federal Reserve System, bank holding companies, and financial holding companies. Organizations within the boundaries of the Seventh District are located within Illinois, Indiana, Michigan, Wisconsin, and Iowa. Our duty is to foster the stability, integrity and efficiency of the nation's monetary, financial and payment systems to promote optimal economic performance.

Supervision and Regulation (S&R) plays a critical role in The Federal Reserve Bank of Chicago's core mission, supervising regulating state-chartered banks that are members of the Federal Reserve System, bank holding companies, financial holding companies and savings and loan holding companies. Our duty is to foster the stability, integrity, and efficiency of the nation's monetary, financial and payment systems to promote optimal economic performance. We seek individuals who hold themselves to the highest standards, who flourish in an environment of collaboration and innovation and inclusion. Our most successful team members have strong critical thinking skills, excel in strong verbal and written communications capability, and collaborate intentionally.

The Community, Regional, & Specialty Bank (CRSB) Supervision family provides supervisory oversight for financial institutions of varying complexities that have a close relationship with the communities they serve.
The CRSB examiner job family also includes members of the Mergers & Acquisitions and Enforcement team.

This position is a multifunctional role working on Mergers & Acquisitions filings and Enforcement cases. The Mergers & Acquisitions Examiner’s primary responsibility is to evaluate and review financial, managerial, competitive, and convenience and needs statutory factors for expansionary proposals for bank holding companies, state member banks, savings and loan holding companies, and foreign banking organizations. Mergers & Acquisitions Examiners work closely with supervisory teams, Board of Governor’s staff, and other regulatory agencies. Enforcement Examiners lead the evaluation, development and review of enforcement actions and work with examination supervisory teams to ensure a comprehensive and consistent evaluation of legal and regulatory requirements across all portfolios.

The level of work is generally considered intermediate, and staff must be able to work under general supervision. This position has no direct reports.

Your Responsibilities

  • Lead the evaluation and review of statutory factors for expansionary proposals and legal requirements for enforcement actions and works with examination supervisory teams to ensure a comprehensive and consistent evaluation of legal and regulatory requirements across all portfolios and performs continuous monitoring
  • Assess institutions’ overall condition, risk management systems, and compliance with applicable laws, regulations, statutes, and Board policy
  • Draw on professional experience, to develop, make, and present supervisory recommendations and responses to resolve moderately complex issues
  • Develop and lead project plans, timelines, and milestones for moderately complex expansionary proposals and enforcement cases
  • Create and provide focused and value-added reports, documents, and other correspondence to internal and external stakeholders
  • Build relationships within the team, department and division and develops relationships with internal and external stakeholders such as other Reserve Banks, the Board of Governors and other regulatory agencies
  • Provide guidance, training and constructive feedback to less experienced staff and to supervisory teams and provides feedback on staff’s performance when leading the evaluation of expansionary proposals and enforcement cases

Your Background

  • Bachelor's degree or equivalent experience
  • Four plus years of direct work-related experience
  • Examiner Commission preferred
  • Possess the ability to understand risk focused supervision and processes
  • Possess and applies broad knowledge of analytical concepts, practices and procedures to accomplish moderately complex assignments
  • Demonstrate intermediate analytical and problem-solving skills
  • Demonstrate independent and critical thinking and decision-making abilities as well as have solid written and oral communication abilities
  • Possess the ability to provide guidance and constructive feedback to less experienced staff and peers
  • Possess strong teamwork skills and the ability to build and work collaboratively within and across work teams
  • Demonstrate the ability to manage time and projects effectively by adjusting quickly to new and different priorities
  • Possess a strong proficiency in Microsoft Office products
  • Possess general business acumen

What we Offer

  • Comprehensive benefits package, including medical, dental, vision, prescription drug coverage, 401k savings plan with matching contributions, retirement plan, paid time off, childcare subsidies, parental leave and a transit benefit.
  • A continuous learning environment with opportunities to gain new skills and grow your career by opportunities for subsidized advanced educational degrees.
  • A wide range of Diversity, Equity, and Inclusion community groups as well as active employee resource groups and mentorship programs.
  • Onsite gym and subsidized cafeteria.

Location

  • This is a Hybrid position which will require your presence at one of our 7th District offices (Chicago, Des Moines, Detroit)

Other Requirements:

  • 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 applicable background checks 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.
  • As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank’s ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities, and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary
  • There is 15% travel required

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status

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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