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Senior Examiner - Consumer Compliance - CRA

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Legal
Multiple locations
Posted on Friday, April 5, 2024

Company

Federal Reserve Bank of San FranciscoWe are the Federal Reserve Bank of San Francisco—public servants with a 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 are committed to understanding and serving the vibrant, expansive communities 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 diverse team united in its purpose to promote an economy that works for everyone. We empower our people to balance their life and work responsibilities. That’s why we offer a flexible hybrid work model that allows you to collaborate with office colleagues on some days, and work from home on others.

The SF Fed’s Supervision + Credit Group is responsible for the supervision and regulation of state member banks, bank holding companies, savings and loan holding companies, financial holding companies, data service providers, trust companies, and foreign banking organizations that operate in the 12th District. Supervised institutions are in all states of our District, and range in size and complexity from small community organizations to some of the largest banking organizations in the country. Right now, our team is looking for a Senior Examiner - Consumer Compliance. These examiners help promote market efficiency and fairness in consumer financial services. They enforce federal consumer protection laws and regulations and promote access to banking services in historically underserved markets through various means, including conducting examinations, investigation of consumer complaints and outreach activities to the banking industry.

We are looking for you! Our ideal candidate has deep experience and subject matter expertise with the Community Reinvestment Act (CRA) and is deeply committed to the mission of the CRA and its goals. We prefer a Commissioned Examiner via the Federal Reserve Examiner Commissioning Program (or another banking regulatory agency with CRA oversight such as the FDIC or OCC) or someone who is willing to become commissioned via our program. Are you ready take your time and talents to a truly mission driven organization? If so, we want to hear from you!

Essential Responsibilities:

  • Acts as a subject matter expert on CRA, providing guidance to internal and external stakeholders, particularly with regard to regulatory or policy changes.
  • Participates and leads consumer compliance supervisory events at large and complex financial institutions.
  • In both verbal and written format, communicates sound conclusions and recommendations regarding the effectiveness of financial institutions’ compliance management systems and CRA programs.
  • Builds and maintains effective working relationships with partners within the Federal Reserve System, as well as with other regulatory agencies and supervised institutions.
  • Engages in formal training and mentorship programs for junior staff, including providing performance feedback to management.
  • Participates in various conferences, seminars, and other outreach activities to provide current regulatory perspectives to the banking industry.
  • Maintains strong knowledge of financial services and regulatory environments, particularly as related to the CRA and relevant laws and regulations.

Requirements:

  • Bachelor’s degree is required; a major in business, economics, finance, accounting, or a related field is preferred.
  • Typically requires a minimum of eight or more years of direct or comparable banking, financial industry, or banking supervision experience.
  • Strong understanding of CRA and relevant community development principles.
  • An understanding of risk management and banking principles.
  • Strong problem solving and analytical thinking skills.
  • Strong verbal and written communication skills.
  • Intermediate to advanced familiarity with the Microsoft Office suite, including Microsoft Word, Excel and Power Point.
  • Valid driver's license is required.
  • Ability to travel up to 25%.
  • Active examiner commission issued by the Board of Governors of the Federal Reserve System or other federal agency. If the successful candidate does not maintain an examiner commission, enrollment in the Federal Reserve System’s Consumer Compliance Examiner Commissioning Program will be required and candidate will be hired as a Sr. Risk Specialist.
  • 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.

#LI-Hybrid

Base Salary Range: Min: Min: $151,500 Mid: $196,700 Max: $241,900 (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.

We offer a wonderful benefits package including: Medical, Dental, Vision, Pre-tax Flexible Spending Account, Backup Child Care Program, Pre-Tax Day Care Flexible Spending Account, Paid Family Care Leave, Vacation Days, Sick Days, Paid Holidays, Pet Insurance, Matching 401(k), and Retirement/Pension.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. 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 Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Bank Examination

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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