Associate Bank Examiner
Federal Reserve Bank of Minneapolis
CompanyFederal 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.
About the Opportunity
The Federal Reserve Bank of Richmond’s Supervision, Regulation and Credit Department has an exciting opportunity to join the Community and Regional Safety & Soundness (CRSS) supervision team as an associate examiner. The CRSS team is responsible for helping to ensure the safety and stability of the Fifth District community and regional banks and holding companies to protect the nation’s financial banking system. CRSS examiners conduct commercial bank examinations and holding company inspections to evaluate the financial condition and determine the effectiveness of risk management and overall operations.
In this position, the candidate will leverage strong analytical skills to evaluate the adequacy of capital and liquidity positions, earnings performance, asset quality, and exposure to interest rate risk for banks and bank holding companies. Examiners may also evaluate operational risk and risk management practices, accounting/audit programs, compliance with BSA/AML requirements, information technology practices, and bank holding company strength. You will also be asked to perform reviews of key risk areas and lead teams in completing examinations of financial institutions. As you complete these duties, strong leadership and communication skills will be critical as you work with a variety of internal and external stakeholders. If selected for the role, you will be enrolled in a comprehensive training program (Examiner Commissioning Program) designed to support your development of required technical and soft skills and report to a Senior Manager.
What You Will Do:
- Attend/complete all required training (passing grade) and achieve and maintain consistent, incremental progress with Examiner Commissioning Program
- Satisfactorily complete assignments within established timeframes with decreasing assistance
- Communicate findings and examination ratings to supervised institutions and CRSS management
- Influence management actions through effective negotiation and conflict resolution to achieve supervisory goals
- At the Associate Examiner - Senior examiner level:
- May assist or lead bank examinations, displaying proficiency in one or several areas of operational risk, credit risk, financial risk, regulatory compliance, information technology or fiduciary risk
- Deliver concise and well-written supervisory documents
- Contribute to preparation of supervisory products such as risk assessments, supervisory plans, and report of examinations; and participates in review of similar products with senior staff
- Ability to travel up to 20% based on geographical location, with flexibility for work/life balance.
- Bachelor’s degree, with preferred emphasis in Finance, Economics, Business, Accounting or related field
- Bank regulatory or equivalent industry experience preferred
- Willingness to complete commissioning program is required
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.).
- 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 Associate Examiner – Assoc hiring range is $51,100 - $63,900 annually.
- The Associate Examiner – Int hiring range is $65,300 - $81,600 annually.
- The Associate Examiner – Sr. hiring range is $71,800 - $89,800 annually.
- Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications.
- Applications are reviewed on a rolling basis. Interested candidates are strongly encouraged to apply by October 20th, 2023.
Full Time / Part TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)No
Job CategoryBank Examination
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.