Examiner I/II - Risk Specialist
Federal Reserve Bank of Minneapolis
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Supports the Federal Reserve`s mission of financial system stability. An individual in this position is as an integral member of the Capital Risk team. Serves as an examiner, and at times, as examiner-in- charge or in-charge lead risk specialist, for supervisory activities at Large Bank Holding Companies and their subsidiaries. Also, participates on national horizontal reviews. Assignments include execution of supervisory reviews and continuous monitoring activities focused on the effectiveness of risk identification, risk management and governance practices for credit risk, and/or model risk management and/or capital risk. Ensures supervised institutions are in compliance with applicable laws, regulations, guidance, and policy statements. Supports gathering of cross firm and banking industry/system risks and developments to understand and build perspectives on micro (institution -specific), horizontal (industry wide/peer) and macro (financial system supervision) risks and vulnerabilities. Participates on projects, outreach, and training. Note: Individuals in this role either have an examiner commission or are in the process of obtaining a commission.
Contribute to supervisory activities related to Credit, Model Risk Management, and Capital risk in district and/or across the system
Participates on national/horizontal reviews of large complex financial institutions
Monitors, evaluates, and understands conditions, trends, and risks at the institution specific level, cross-firm, and the broader financial system in conjunction with regulatory guidelines
Works effectively with representatives of other Regulatory Agencies and presents findings of joint examinations/inspections in clear concise manner
Works effectively and with minimal supervision prioritizing at times overlapping assignments and deliverables
Identifies weaknesses and prepares and communicates all supervisory findings to Reserve Bank management, Federal Reserve System management, and bank senior management and boards of directors
Assesses risks, internal controls, and compliance with laws and regulations. Completes assignments in alignment with departmental and System standards with minimal oversight
Maintains ongoing awareness of issues and oversees findings from specialty or technical risk areas. Demonstrates ability to apply such understanding and incorporate into overall supervisory conclusions and ratings
Participates in training programs as prescribed
Participates or leads efforts to advance Reserve Bank or System strategic initiatives
Provides coaching and mentoring and performance feedback to other examiners
Performs other duties as assigned or requested
Education and Experience:
Bachelor's Degree in Accounting, Finance, Mathematics, Economics, or related field
Examiner I: 5+ years of related work experience required
Examiner II: 7+ years of related work experience required
Commissioned Examiner of the Federal Reserve System preferred
Understanding of credit risk, forecasting methods, and banking in general preferred
Professional designations such as CPA, CFA, etc. a plus
Knowledge and Skills
Strong knowledge of regulations, procedures, and practices of bank examination
Strong understanding of banking, including balance sheet management, credit risk, and forecasting methodologies
Strong organizational and time management – assignments may overlap each other.
Intermediate knowledge of Microsoft Office
Strong problem solving and analytical skills
Strong written and verbal communication
Strong specialized operational/technical skills in bank examination
Strong public speaking
Strong strategic thinking/planning
Physical Demands and General Working Conditions
Traditional office environment: Employees typically sit most of the day, work with a computer and may answer/respond to phone calls. Physical movement consists of walking for meetings, breaks, etc. Ability to lift items weighing approximately 20 pounds on a limited basis is required. Employees may be required to travel by car/air.
Full Time / Part TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)Yes
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.