Company

Federal Reserve Bank of New YorkWorking at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.

The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.

What we do:

The Supervision Group of the Federal Reserve Bank of New York (FRBNY) supervises banks in the Second District. The objectives of supervision are to:

• Evaluate and promote the overall safety and soundness of supervised institutions

• Ensure supervised institutions’ compliance with relevant laws and regulations, including consumer protection

• Facilitate the stability of the financial system of the United States

• Support the growth and stability of the U.S. economy

Supervision is carried out through a combination of methods, including on-site and off-site examinations involving staff dedicated to the supervision of an individual firm and other professionals focused on analytical, policy and risk matters. Supervision is coordinated with other US agencies.

The Consumer Compliance function is responsible for supervisory oversight of consumer protection laws across all portfolios (small, mid-range and large institutions) and evaluates consumer compliance activities at Federal Reserve-supervised financial institutions within the Second District, including both bank holding companies and state member banks. This responsibility encompasses an understanding of and assessment of each firm’s and/or bank’s consumer protection compliance management systems, as well as compliance with specific consumer protection laws and regulations at state member banks, including Fair Lending laws, the Community Reinvestment Act (CRA), and Unfair or Deceptive Acts or Practices.

Your role as the Supervising Examiner - Operations:

As the Consumer Compliance Supervising Examiner in our Operations team, this position primarily requires providing operational guidance, direction and execution. The role includes a review of policy guidance and developing implementation plans for the function. In addition, the role is responsible for assisting in process and operational improvements related to exam processes, which could include: scheduling, staffing, streamlining and technology implementation. On occasion, the role may be responsible for evaluating supervised institutions for compliance with consumer protection laws and regulations.

Core responsibilities include:

• Manage policy guidance, dissemination and implementation processes

• Provide operational excellence for needed areas, including scheduling, technology and supervisory process implementation

• Provide metrics and reporting for key operational areas

• Provide guidance and direction to both leadership and staff for needed process improvements

• Assist in risk identification to be responsive to the Bank’s risk program

• Provide assistance for horizontal reviews, as needed

• Provide leadership for the review and update of function level policies and/or procedures

What we are looking for:

• Strong organizational skills and ability to manage multiple deliverables

• Experience with process and project management and strong ability to execute

• Exceptional critical thinking and problem-solving skills

• Consumer Compliance and CRA examiner commission preferred.

• Solid leadership skills to build consensus and drive progress among peers and leadership

• Proven team player with the ability to engage various stakeholders.

• Agility to engage in changing roles, responsibilities, work processes, and assignments.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Supervisory/Management

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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