Company

Federal Reserve Bank of ChicagoA Federal Reserve Bank CCRA (Consumer Compliance) Senior CRSB Bank Examiner participates as a member of the examination team or as an Examiner In Charge (EIC) in the examination/ direct supervision of consumer protection laws and regulations at financial institutions. The Consumer Compliance Large and Regional Institution Team is responsible for enforcement of the federal consumer protection statutes in financial services and assessing consumer compliance risk in regional and large financial institutions and savings and loan holding companies (SLHCs).

Department Overview
Supervision and Regulation plays a critical role in the Bank's core mission, supervising and regulating state-chartered banks that are members of the Federal Reserve System, bank holding companies and financial holding companies. Our duty is to foster the stability, integrity, and efficiency of the nation's monetary, financial and payment systems to promote optimal economic performance.

Your Responsibilities:

• Identifies and assesses significant risks related to consumer protection laws and regulations at regional financial institutions.
• Determines the adequacy of risk management systems for mitigating and controlling risks.
• Determines the effectiveness of management, policies, and procedures, and compliance with laws and regulations.
• Monitors a portfolio of regional financial institutions and provides summary reports on their conditions and evolving risks.
• Develops and recommends supervisory actions and responses.
• Participates as Examiner-In-Charge (EIC) and Consumer Liaison (CL) of regional financial institutions.
• Evaluates financial information, fair lending and/or CCRA data, procedures, and controls to arrive at sound, supportable conclusions.
• Interprets information and reviews data in order to make decisions, establish priorities, and develop hypotheses to facilitate the understanding of events as well as makes projections to forecast trends.
• Provides focused and value-added reports and other correspondence to outside stakeholders and internal management.
• Develops and maintains ongoing relationships with supervisory personnel at the Board and Reserve Banks, other regulatory agencies, as well as senior management and directors of supervised institutions to ensure thorough communication of examination and supervisory issues.
• Leads departmental and system-wide initiatives, including, but not limited to, working with staff from other Reserve Banks, the Board of Governors and other regulatory agencies.
• Serves as a mentor and/or coach; provides technical expertise, training and constructive feedback to all levels of staff

Your Background:

• Bachelor's degree or equivalent experience. Coursework in Economics, Law, Finance or Business Administration preferred
• Seven plus years of direct work-related experience
• Five plus years in risk area of expertise preferred
• Commission preferred; if you are not commissioned, you will be required to go through the Examiner Commissioning Program (ECP) and become commissioned
• An understanding of risk focused supervision and processes preferred
• Ability and willingness to travel as require
• Demonstrates intermediate to advanced analytical and problem-solving skills
• Demonstrates independent and critical thinking and decision-making abilities as well as have solid written and oral communication abilities
• Possesses the ability to provide guidance and constructive feedback to less experienced staff
• Possesses strong teamwork skills and the ability to build and work collaboratively within and across work teams
• Demonstrates the ability to manage time and projects effectively by adjusting quickly to new and different priorities
• Possesses a strong proficiency in Microsoft Office products

What we offer:

• Comprehensive benefits package, including medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, and transit benefit.
• A wide range of Diversity, Equity, and Inclusion community groups as well as active employee resource groups and mentorship programs.
• Onsite gym and subsidized cafeteria.

Location:

This is a hybrid role. Your presence will be expected at one of the 7th District offices—Chicago, Des Moines or Detroit

Other Requirements:

• Ability and willingness to travel up to 10%
• 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 not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo applicable background checks and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. Citizen and pursue a path to citizenship.
• As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank's ethics rules, which 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. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.
• This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status

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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