Business Line/Broker-Dealer Risk Specialist

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Multiple locations
Posted on Thursday, May 2, 2024


Federal Reserve Bank of DallasWe are dedicated to serving the public by promoting a strong financial system and a healthy economy for all. These efforts take a team of dedicated individuals doing many different jobs. Together we’re creating a workplace where talented people can thrive, and we welcome your unique background and perspective to help present the best possible solutions for our partners.

Location: #LI-Hybrid

About the Role:

We are looking for a Broker/Dealer Risk Specialist to be part of a dedicated supervisory team responsible for supervising a large savings and loan holding company. This position is responsible for overseeing regulatory compliance with the supervised firm’s core business lines, with focus on broker/dealer and advisory services activities. You will report to the Deputy Central Point of Contact for Financial Resiliency and Management of Business Lines and be responsible for assessing Governance and Controls under the Federal Reserve’s Large Financial Institution’s Rating Framework. More specifically this will entail assessing the strategy, risk management and controls, and financial performance of the broker/dealer and advisory services business line. You will also be responsible for assessing markets and securities compliance for the brokerage and investment advisory operations. In this role you will lead and participate in examinations as part of our continuous supervision model for Large Banking Organizations. Candidates should be experienced in regulatory examination procedures used to evaluate retail brokerage and registered investment advisory activities. The successful candidate will also have secondary expertise in traditional bank and bank holding company regulatory supervision. You are required to reside within the 11th Federal Reserve Bank District, but we prefer you be based in Dallas, TX.

You Will:

  • Partner with other examiners and risk specialists in a team environment to effectively build and execute a supervisory plan for evaluating the firm’s safety and soundness.
  • Conduct ongoing risk-focused supervisory activities, including leading routine meetings with management to develop a deep and broad understanding of the firm’s core business lines, including retail brokerage and registered investment advisory activities.
  • Collaborate with other risk specialists on the team and other agencies to develop a comprehensive understanding of the operations and risks associated with the firm’s core business lines activities.
  • Analyze the firm’s policies, procedures and controls related to core business lines, specifically brokerage and advisory operations.
  • Serve as a subject matter expert on the team for broker/dealer and advisor activities, participate in the development and execution of examination scope memos, assessment work programs, conclusion memos, and supervisory feedback letters as well as develop work papers to document your analysis and support your conclusions.
  • Perform continuous monitoring and reporting on changes in inherent risks/risk management practices of the firm. This will include monitoring trends and developments through the review of internal risk management reports, regulatory filings and surveillance reports, and interaction with senior bank officials, other regulators, and internal auditors.
  • Participate in the assessment of the firm’s remediation of supervisory issues; delivering clear, written and oral supervisory messages to firm leadership in collaboration with other examiners and risk specialists.
  • Maintain a high level of subject matter expertise in your risk discipline and keep abreast of emerging issues of relevance to the firm.
  • Coordinate and lead interagency meetings with other regulatory agencies.
  • Collaborate with other examiners, risk specialists and analysts from the Board of Governors to recommend a variety of regulatory assessments.
  • Build and maintain strong relationships with examination team members and business lines.

You Have:

  • Bachelor's or Master’s degree in finance, accounting or related field.
  • Minimum of seven years of relevant experience in banking, brokerage and financial services, or banking supervision.
  • Strong knowledge of broker dealer/advisory services operations and regulatory requirements.
  • Strong analytical, writing, and oral communication skills, including presentation skills interacting with all levels of management, boards of directors and other agency officials.
  • Advanced abilities to apply and explain complex regulatory concepts relating to broker dealer/advisory services activities.
  • Capacity to pursue multiple initiatives at the same time and deliver successful outcomes.
  • Demonstrate teamwork, analytical and critical thinking abilities.
  • Series 7 License preferred.
  • Equivalent education and/or experience may be substituted for any of the above requirements.

Our Benefits:

Our total rewards program offers benefits that are the best fit for you at every stage of your career:

  • Comprehensive healthcare options (Medical, Dental, and Vision)
  • 401K match, and a fully funded pension plan
  • Paid vacation, holidays, and volunteer hours; flexible work environment
  • Generously subsidized public transportation and free parking
  • Annual tuition reimbursement
  • Professional development programs, training, and conferences
  • And more…


This position may be filled at various levels based on candidate's qualifications as determined by the department.

This role allows for the employee to work in a hybrid manner with some work conducted onsite at the Federal Reserve work location and some work conducted remotely. Specific schedule details will be discussed during the recruitment process.

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 permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements. In addition, all candidates must undergo an enhanced background check and comply with all applicable information handling rules.

The Federal Reserve Bank of Dallas is proud to be an Equal Opportunity Employer that believes in the diversity of our people, ideas and experiences, and we are committed to building an inclusive culture that represents the communities we serve.

If you need assistance or an accommodation due to a disability, please notify your Talent Acquisition Consultant.

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


Job Category

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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