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Large Bank Examiner - Operational Risk

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Multiple locations
Posted on Thursday, September 14, 2023

Company

Federal Reserve Bank of ChicagoThe Large Bank Supervision job family provides supervisory oversight of large institutions that are greater than $50 billion in assets. Members of the Large Bank Supervision job family provide supervisory oversight through continuous monitoring and examination activity by engaging with large institution executives who have a deep knowledge of their functional or risk area. Members of the Large Bank Supervision job family generally work with(in) a dedicated team and focus on and have a deep knowledge of a certain risk or functional discipline.

The Large Bank Examiner uses in-depth knowledge to identify risks through on- and off-site examination and monitoring activities to ensure the firm is operating in a safe and sound manner and in compliance with applicable laws and regulations. The individual also independently performs research and writes comprehensive analysis in risk disciplines.

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

We have an excellent opportunity for a motivated individual to be a member of an LFBO (Large Foreign Banking Organization) Dedicated Supervisory Team. The position is responsible for determining the effectiveness of an LFBO’s firm’s operational risk management framework that supports the identification, measurement, assessment, and control of the full spectrum of operational risks. The individual will lead supervisory assessments and examinations over these areas as well as a spectrum of related non-financial risks to promote operational resiliency and risk management of core business lines.

Your Responsibilities:

  • Participates in ongoing supervision efforts of large institutions, such as examinations/target reviews and continuous monitoring.
  • Assesses the adequacy of risk management systems, policies and procedures, and compliance with laws and regulations.
  • Leverages risk discipline knowledge to support development of supervisory strategies for large or institutions.
  • Prepares and presents questions and conclusions to key stakeholders in a clear and well-supported manner.
  • Prepares and presents quality and timely summary documents such as reports of examination and conclusion memoranda, continuous monitoring documentation, risk assessments, and other supervisory correspondence and documentation for large institutions.
  • Assists in the development of examination scopes/supervisory activities, timelines, and milestones for large institutions.
  • Creates focused and value-added reports, documents, and other correspondence to internal and external stakeholders.
  • Develops relationships within the team, division and department.
  • Provides guidance, training and constructive feedback to less experienced staff

Your Background:

  • Bachelor's degree or equivalent experience.
  • Examiner Commission is preferred but not required.
  • Four plus years of direct work-related experience
  • Demonstrates the ability to understand and execute risk focused supervision and the ability to apply that knowledge in completing assignments.
  • Demonstrates intermediate to advanced analytical and problem-solving skills.
  • Demonstrates independent and critical thinking and decision-making abilities.
  • Possesses strong communication skills.
  • Possesses the ability to provide and accept guidance and constructive feedback.
  • Possesses strong teamwork skills and the ability to build and work collaboratively within and across work teams to bring diversity of thought, a culture of inclusion, and a commitment to equity.
  • Demonstrates the ability to manage time and projects effectively by adjusting quickly to new and different priorities.
  • Demonstrates aptitude to leverage relevant technology and software applications.
  • Possesses 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 generous transit benefit.

  • Will be eligible for a hybrid work program.

  • 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 position is considered Hybrid, which means your presence will be required at one of the Seventh District offices - Chicago, IL, Detroit, MI, or Des Moines, IA.

Other Requirements:

  • Ability and willingness to travel up to 15%

  • 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.

  • 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. Individuals" as defined by regulation of the Board of Governors of the Federal Reserve System. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.

  • This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.

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.

Referral Bonus:

Our employee referral program (ERP) encourages you to introduce your talented friends or former colleagues to career opportunities at the Bank. As an incentive, an award-eligible referral of an external candidate that leads to a hire could earn you an award.

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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