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Risk Specialist/Bank Examiner

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Multiple locations
Posted on Thursday, May 9, 2024

Company

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 Risk Specialist or Bank Examiner to serve as a full-time member of a dedicated supervisory team (DST) responsible for the regulatory supervision of a large (over $100 billion in assets) Supervised Insurance Organization (SIO). As a DST member, you will be responsible for contributing to the development and execution of the Federal Reserve’s supervisory program for the assigned SIO. Your time will be spent with the DST conducting supervisory activities, including analyzing and assessing the capital management and risks and risk management practices associated with credit, liquidity, market, operational, legal/compliance, insurance, and overall governance framework of the SIO. Additional responsibilities will be tailored based on the candidate’s interests and risk profile of the SIO. The interdisciplinary coordination required of the team is substantial, requiring the ability, and providing the opportunity, to work collaboratively with other units within the Banking Supervision Department (Department), Board of Governors (Board Staff), and other regulatory agencies.

In this position, you will also have opportunities to contribute to Federal Reserve System (FRS), FRB Dallas, and Department initiatives by participating on committees and projects. Additionally, the FRS and FRB Dallas offer extensive opportunities for training.

This position will be managed out of the San Antonio branch office and report to the Director – Examination (DE)/ Central Point of Contact (CPC) of the SIO. We use a hybrid work schedule that allows remote work but requires some weekly on-site work in the office as well as onsite work at the SIO to conduct inspections and examinations.

You Will:

  • Lead supervisory assessments of your assigned risk area in accordance with the FRS’ SIO Framework.
  • Conduct continuous risk-focused monitoring activities in your specialty area to observe risk trends, monitor for new issues, and assess remediation of any issues identified during a supervisor event.
  • Recommend well supported regulatory ratings/assessments for your specialty area to FRB Dallas management.
  • Lead meetings with SIO officials as well as FRB Dallas management to discuss issues and findings.
  • Lead or participate in other supervisory events and activities of the supervised institution.
  • Ensure work products are high quality and timely, include well supported conclusions that comply with System and District guidance, and accurately summarize and communicate findings.
  • Build and maintain effective working relationships with your team, other Reserve Bank colleagues, FRB Dallas management, Board staff, representatives from other regulatory agencies, and SIO management.
  • Share your views and be open to, and respectful of, others’ views and perspectives.
  • Be open to feedback and willing to coach and develop others.

You Have:

  • Bachelor’s degree in finance, accounting, or related field.
  • Examiner commission from a federal or state bank supervisory agency or minimum of five years’ experience assessing a risk area.
  • Equivalent education and/or experience for any of the above.
  • Regulatory experience of insurance companies desirable.
  • Strong communication (both written and verbal), interpersonal, and organizational skills.
  • Ability to work well in a team environment while providing strong leadership and managing multiple tasks.

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…

Notes:

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

Regular

Job Exempt (Yes / No)

Yes

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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