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Risk Specialist

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Operations
Multiple locations
Posted on Aug 8, 2024

Company

Federal Reserve Bank of Kansas CityJoining the Federal Reserve Bank of Kansas City means that you’re joining a part of the nation’s central bank and playing a key role in promoting strength and stability in our economy, financial organizations, and payments system. Together, we serve the public and each other in an innovative environment that values the highest ethical standards. Here you’ll find opportunities that challenge you and a path to propel your career, united with a diverse workgroup in a clear and common purpose. We offer a flexible/hybrid work environment and competitive compensation and benefits package to support your health, wealth, and life. This position is available at any of our four office locations.

The Surveillance and Risk Analysis (SRA) Department supports the Federal Reserve Bank’s senior management and supervisory functions by providing quarterly analysis of banking conditions, surveillance of emerging risks, assistance with on-site examinations and inspections, and analysis of banking policy issues. The SRA Department has a challenging and rewarding opportunity open for an individual with interest and expertise in community banking risk, banking policy, and/or data analysis. This person will be responsible for contributing to the department’s day-to-day responsibilities and for leading and/or participating in long-term projects that are in-line with our strategic objectives. Strategic objectives include exploring modern and efficient surveillance methods for monitoring banking risks and developing a more complete understanding of factors effecting the community bank business model.

Key Activities:

  • Monitor banking industry performance and new and emerging banking policy issues and preparing succinct written summaries and presentations for staff and senior management.
  • Contribute to and/or lead department’s quantitative responsibilities through the creation and maintenance of tools and reports designed to monitor banking institutions.
  • Leverage knowledge of current financial trends and risks facing the banking industry to create insightful presentations and speaking notes for senior management external engagements.
  • May support or participate in a limited number of bank examinations and bank holding company inspections.
  • May participate on Federal Reserve System groups reviewing regulatory and industry matters.

Qualifications:

  • Typically requires a minimum of six year’s relevant experience or a minimum of four year’s relevant bank examiner experience
  • Typically requires a bachelor’s degree in economics, business, or finance
  • An ideal candidate for this position will display a great deal of initiative and agility in their analysis of complex subject matter with an appetite for finding creative and innovative ways to solve problems.
  • Strong oral and written communication skills with experience delivering messages to large audiences and/or executive management.
  • Demonstrates the ability to influence, collaborate, and build relationships.
  • Good understanding of financial markets and the banking industry.
  • Strong analytical skills, including the ability to apply, interpret, and explain complex financial and/or quantitative concepts as well as the ability to analyze the potential impact of financial shocks, stress, or regulatory changes.
  • Some proficiency and a desire to work heavily with MS Excel (particularly macros/visual basics), Tableau and SQL. Experience with R and/or Python is a plus.
  • Professional certifications such as Chartered Financial Analyst (CFA), Professional Risk Manager (PRM), Financial Risk Manager (FRM), Certified Public Accountant (CPA), and Certified Internal Auditor (CIA) are a plus but not required.

Additional Information

Locations:

  • Hybrid, 50% on-site requirement
  • Omaha, NE, Denver, CO, Oklahoma City, OK, or Kansas City, MO
  • Not eligible for remote work

Salary:

Risk Specialist: $92,900-$207,600
Examiner: $92,400- $206,900

*Final offers are determined by factors including the candidate’s qualifications, internal alignment considerations, district assignment, and geographic location.

Screening:

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 up to a couple of months to be completed. You can begin work before the screening is completed; however, continued employment is contingent on acceptable screening results. The areas screened may include education/employment verification, criminal history, credit history, and reference checks.

In some cases, positions require access to confidential supervisory information, access to which is limited to "Protected Individuals" as defined by regulation of the Board of Governors of the Federal Reserve System, 12 CFR 268.205. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and lawful permanent resident aliens (also known as "green card holders") who are eligible for and seeking United States citizenship within the requisite timeframes.

Sponsorship:

Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.

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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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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