Examiner - Community & Regional Institutions Supervision
Federal Reserve Bank of Minneapolis
CompanyFederal Reserve Bank of San FranciscoWe are the San Francisco Fed, public servants with a congressionally mandated mission to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. We are a community-engaged bank, and we are committed to understanding and serving the vibrant, diverse people of the Twelfth District. That means we seek and appreciate new perspectives. We respect people for what they do and for who they are. We build opportunities to learn and grow. When you join the SF Fed, you become part of a team united in its purpose to promote an economy that works for everyone.
The Supervision + Credit (S+C) group is responsible for the supervision and regulation of state member banks (SMBs), bank holding companies, savings and loan holding companies, financial holding companies, data service providers, trust companies, and foreign banking organizations that operate in the Twelfth District. Supervised institutions are in all states of the District and range in size and complexity from small community organizations to some of the largest banking organizations in the country.
The Examiner role is part of the S+C Community & Regional Institution Supervision (CRIS) team, which is responsible for developing and executing the supervisory strategies for community banking organizations (i.e., those with consolidated assets below $10 billion) and the System’s largest portfolio of regional banking organizations (i.e., those with consolidated assets between $10 billion and $100 billion).
Examiners participate in supervisory work for our portfolio of state member banks, bank holding companies, and non-bank subsidiaries. Examiners lead higher complexity examination events and may act in a dedicated capacity for specified institutions, which would include assisting in the development and execution of supervisory strategy, ongoing monitoring, and leading discreet supervisory events.
- Participates on point-in-time examination/inspection teams, as an examiner-in-charge (EIC) of examinations/inspections, and/or as a member of a dedicated supervisory team overseeing CRIS institutions, including state member banks, non-bank subsidiaries, trust departments, and/or financial, bank and savings and loan holding companies.
- Leads projects within an examination work cycle and/or acts as an EIC, which often includes scoping and organizing examination activities, and overseeing the work processes and coordinating assignments of junior staff, as well as finalizing examination reports, briefings, memoranda, and/or other examination deliverables, including providing sign-off when acting as EIC, ensuring that all written materials adhere to all relevant rules and regulations and reflect high-quality, thorough analyses and actionable conclusions.
- Assesses institutions from an enterprise-wide perspective, including utilizing holistic knowledge to engage in risk management analysis across an institution’s various operations, identifying and assessing emerging trends and potential impacts on financial institutions, and developing analytical processes to monitor risk.
- Delivers conclusions and recommendations in both verbal and written format to senior management of the institution and boards of directors, assisting junior staff acting as EICs in the delivery of complex and sensitive messaging, as needed, as well as leading meetings and presentations to internal and external stakeholders, which frequently comprises senior Reserve Bank leaders and Board of Governors staff.
- Maintains and deepens relationships with supervisory personnel at the Board of Governors, other Reserve Banks, and other regulatory agencies, as well as with senior management and directors of supervised institutions, to ensure thorough evaluation and the communication of complex, sensitive examination and supervisory issues.
- Engages in continuous development for self and others, seeking out training and learning opportunities and actively mentoring others, including providing written evaluations for junior staff development.
- A bachelor’s degree is required; a major in business, economics, finance, accounting, or a related field is preferred.
- An examiner commission issued by the Board of Governors of the Federal Reserve System, or other financial institution regulatory agency such as the Office of the Comptroller of the Currency (OCC) or Federal Deposit Insurance Corporation (FDIC) is required. This includes commissioned-level examiner experience from a State department.
- Five or more years of relevant experience in banking, financial industry, banking supervision, or an equivalent combination of education and experience.
- Knowledge of the banking industry and related supervision and regulation framework is required, and the ability to read and interpret financial information, including but not limited to capital structures, financial stability data, and market data.
- Ability to read and interpret supervisory ratings and enforcement records, as well as the ability to read and apply Federal Reserve System rules and regulations related to bank activities and expansionary transactions.
- Ability to deliver verbal and written information effectively and accurately.
- Proficiency in PC software products, including Word, Excel, and PowerPoint.
- Travel required and the amount will vary depending on the location of the successful candidate (10-30%).
- This position requires access to confidential supervisory information, which is limited to “Protected Individuals.” Protected Individuals include, but are not limited to, U.S. citizens and U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization, and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so or who will sign a declaration of intent to apply for naturalization before they begin employment.
Base Salary Range: Min: $127,400 Mid: $167,800 Max: $208,500 (Location: San Francisco)
Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and alignment with geographic and other market data.
At the Federal Reserve Bank of San Francisco, we offer a wonderful benefits package including Medical, Dental, Vision, Pretax Flexible Spending Account, Paid Family Leave Care, Backup Child Care Program, Pretax Day Care Flexible Spending Account, Vacation Days, Sick Days, Paid Holidays, Pet Insurance, Matching 401(k), and an unheard-of Retirement / Pension.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.
At the SF Fed, we believe in the diversity of our people, ideas, and experiences and are committed to building an inclusive culture that is representative of the communities we serve. The SF Fed is an Equal Opportunity Employer.
The Bank's ethics rules 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. Employees in the S+C group also must ensure there are no conflicts of interest related to their previous employment and current financial interests. S+C employees may be subject to borrowing and deposit restrictions and may need to recuse themselves from certain supervisory work. Please review Section 5.3 and Appendix B of the Bank’s Code of Conduct to ensure compliance with the Code of Conduct conflict of interest rules and personal investment restrictions.
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.