Senior Large Bank Examiner- Market & Liquidity Risk
Federal Reserve Bank of Minneapolis
CompanyFederal 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.
The Large Financial Banking Organizations (LFBO) Division within the Supervision and Regulation (S&R) Department of The Federal Reserve Bank of Chicago is seeking candidates for a position focusing on the assessment of market and liquidity risk within a large and complex financial institution.
The Senior Large Bank Examiner will be responsible for determining the effectiveness of an LFBO firm’s market and liquidity risk management framework and management of a core business line. The individual will lead supervisory assessments and examinations over these areas as well as a spectrum of related financial risks to promote financial resiliency and risk management of core business lines. Most notably, the individual will be involved in the Federal Reserve System’s annual horizontal market and liquidity regulatory events.
Additionally, as a member of a large bank dedicated supervisory team, the individual will participate in assessing the institution's risk management practices across other risk topics. Resource workload permitting, the individual may also be engaged in other team, department, and system initiatives.
- Consult and serve as an initial contact and subject matter expert for the supervised areas and maintain familiarity with relevant supervisory and industry guidance on market and liquidity risk analysis.
- Review the institution's business model and understands the relevant supervisory expectations and requirements to which the institution is subject and interprets how those requirements impact the institution's related processes and risk management practices.
- Develop and maintain an awareness of potential changes to key rules, laws and regulations, and supervisory policies.
- Lead horizontal assessments of market and liquidity and related advanced risk management practices across the Seventh District and the Federal Reserve System.
- Prepare and delivers clear, well-supported, and persuasive findings in formal written and verbal presentations on supervisory conclusions and relevant issues to financial institution and senior Reserve Bank management.
- Perform ongoing supervision by leading meetings with firm management and reviewing firm-submitted materials to ensure objective and timely assessment of market and liquidity risks.
- Maintain an understanding of key risk management perspectives from other regulatory agencies, proactively implements strategies to collect peer agency views on a timely basis, acts as key stakeholder within peer agency reviews, and holistically integrates other regulatory perspectives to help inform the team's supervisory assessment.
- Build and maintain strategic working relationships and networks with both internal and external stakeholders, such as other Reserve Banks, the Board of Governors, and other domestic and global regulatory agencies. This also includes developing relationships, while maintaining independence, with institution management to further supervisory efforts.
- Bachelor’s degree or equivalent experience
- Specific concentration and coursework in disciplines such as economics, statistics, accounting, finance or business are preferred
- Experience in Large Bank Supervision is preferred
- Possess seven plus years of direct work-related experience
- Demonstrate independent thinking, critical analysis, and decision-making abilities
- Has strong written and oral communication skills
- Possess an understanding of financial institution risks, risk management & governance, including a working knowledge of MIS and metrics
- Possess the ability to provide guidance and constructive feedback to less experienced staff
- Possess strong teamwork skills and the ability to build and work collaboratively within and across teams, including with individuals from external organizations
- Possess the ability to lead and influence a team with limited oversight and to resolve complex to highly complex issues in a productive and timely manner
- Demonstrate the ability to manage time and projects effectively by adjusting quickly to new and different priorities
- Possess a general business acumen
- A Federal Reserve System Examiner Commission or is progressing towards such is preferred
What we offer
- Comprehensive benefits package, including medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off and transit benefit.
- A continuous learning environment with opportunities to gain new skills and grow your career.
- Onsite gym and subsidized cafeteria
This is a hybrid role. Your presence will be expected at one of the 7th District offices—Chicago, Des Moines or Detroit
- Ability and willingness to travel up to 15-25%
- 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.
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 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.