Service Provide Examiner / Risk Specialist
Federal Reserve Bank of Minneapolis
Company
Federal Reserve Bank of AtlantaUnder limited supervision, leads on-and off-site risk management examinations and continuous monitoring for financial institutions in a specialty field. Will serve as a subject matter expert responsible for executing a comprehensive, risk-focused supervisory program of somewhat complex financial institutions. Actively participates in broader Reserve Bank and/or Federal Reserve System initiatives related to areas of expertise. Displays a comprehensive understanding of complex activities in their risk field. Leads outreach and engagements with System staff and staff at other Reserve Banks through delivering outreach presentations and participating in meetings to develop understanding of risk across institutional portfolios.Key Responsibilities:
- Leads examinations in specialty field to determine compliance with supervisory expectations; review and evaluate the adequacy and effectiveness of risk management systems and relevant methodologies used; review and evaluate the effectiveness of management, policies and procedures, risk exposure reporting, internal controls, and compliance with laws and regulations.
- Develops and recommends appropriate supervisory actions to ensure sound practices. Prepares informative, well-supported supervisory products and work papers as well as coordinate and lead meetings with senior bank management to effectively communicate highly complex and problematic supervisory findings and required actions to senior management and boards of directors.
- Develops and recommends appropriate supervisory actions to ensure sound practices. Prepares informative, well-supported supervisory products and work papers as well as coordinate and lead meetings with senior bank management to effectively communicate highly complex and problematic supervisory findings and required actions to senior management and boards of directors.
- Serve as a subject matter expert for Bank and Division management.
- Maintains a global awareness of relevant regulations, laws, emerging issues, trends, and ongoing developments in field of expertise.
- Perform ongoing supervisory work across the financial institutions to understand and analyze micro (institution specific), horizontal (industry wide/peer) and macro (financial system supervision) risks. Prepare and deliver written analyses on firm specific as well as broader industry trends or emerging risks.
- Develops and maintains ongoing relationships with supervisory personnel at the Board of Governors and Reserve Banks, across other regulatory agencies, as well as senior management and directors of financial institutions to ensure strong communication of complex supervisory expectations.
Education:
- Bachelor's Degree or 4 years of equivalent experience
Experience:
- Five to eight years
Functional Knowledge Preferences
Knowledge Areas:
Demonstrated understanding of –
- Bank Examination
- Financial Industry
- Specialty Expertise
Individual Competencies
- Demonstrates Self-Awareness
- Problem Solving
- Action-Oriented
- Collaborates
- Communicates Effectively
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
- Generously subsidized public transportation
- Annual tuition reimbursement
- Professional development programs, training and conferences
- And more…
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 (e.g. emergencies, rush jobs, change in workload or technological developments).
The Federal Reserve Bank of Atlanta is an equal opportunity employer.
Full Time / Part Time
Full timeRegular / Temporary
RegularJob Exempt (Yes / No)
YesJob Category
Bank ExaminationWork 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.