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Fiduciary Risk Specialist / Trust Examiner

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Multiple locations
Posted on Nov 15, 2024

Company

Federal Reserve Bank of St. LouisOur Supervision Division is looking for a Fiduciary Risk Specialist / Trust Examiner, to join our supervision team. An examiner commission is a relevant factor in consideration for this position. However, if you lack an examiner commission, regulatory, wealth management, banking, or related experience in the financial services industry will be considered. This position can be in one of our St. Louis, MO, Little Rock, AR, and Memphis, TN, offices.

Travel Requirement
This position requires overnight travel, or if in range, commutable travel. You will travel approximately 50 nights per year, averaging 20-30% of workdays within the Eighth Federal Reserve District. It includes overnight stays (up to five consecutive days), travel mostly by vehicle, but some air travel may be involved as well. The St Louis Fed diligently works to provide a positive Work / Life Balance through flexible on-site work arrangements, a compressed work schedule, and periodic work from home opportunities.

Responsibilities

  • Evaluate soundness of an organization’s fiduciary activities, including management, operations, earnings performance, compliance, and asset management.

  • Assess the effectiveness of risk management, including board and management oversight, policies and procedures, internal controls and management information systems.

  • Ensure compliance with fiduciary laws and regulations.

Qualifications

  • Bachelor's degree in business or business-related field or commensurate experience.

  • Five years of relevant experience in fiduciary activities, legal, or investment management.

  • One of the following certifications preferred: Certified Fiduciary and Investments Risk Specialist (CFIRS) or Certified Trust Fiduciary Advisor (CTFA).

  • Ability to lead or participate in fiduciary activities examinations or key areas within those activities.

  • Knowledge in areas of finance, trust operations, or related fields.

  • Interest in coaching, mentoring, and developing peers.

  • Work in a team setting, serving as an enthusiastic team member or leader.

  • Overnight travel required 20-30% of the year (approximately 50 nights).

  • You must live in, or relocate to, the 8th District and work out of our Little Rock, AR, Memphis, TN, Louisville, KY, or St. Louis, MO, offices. Relocation incentives are available.

  • Hybrid schedule – Must work in the office 3 days per week, when you’re not traveling.

  • Not eligible for remote status.

  • Candidates with less experience, including the absence of certifications, may be considered at a lower job grade or salary.

  • Candidates with significant experience beyond qualifications listed may be considered at a higher grade level or pay.

Total Rewards

Bring your passion and expertise, and we'll provide the opportunities to challenge you and propel your growth—along with multiple benefits and perks that support your health, wealth, and life.

Salary: $80,000 - $95,000 for noncommissioned examiners; $100,000 - $135,000 for commissioned examiners

In addition to competitive compensation, we offer a comprehensive benefits package all brought together in a flexible work environment where you can find balance:

  • Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period

  • 401k/Thrift Plan with generous employer match

  • Employer-funded Pension Plan

  • Paid Vacation/Sick Time & Holidays

  • Flexible Spending Accounts and Healthcare Spending Accounts

  • Flexible Work Schedule available in most departments

  • Life Insurance and Long Term Disability Insurance

  • Tuition Reimbursement (undergraduate and graduate)

  • Parental Leave

  • Free onsite 24/7 Fitness Center including training classes, and locker room / shower facilities

  • Onsite Cafeteria & Coffee Shop

  • Additional Convenience Benefits, Discounts and More…

At the Federal Reserve Bank of St. Louis, we believe the Federal Reserve most effectively serves the American public by building a more diverse and inclusive economy. Our commitment to diversity and inclusion, at all levels of the organization, has been one of our core values for many years and remains strong as we continue enhancing our efforts. Learn more about Bank’s culture.

The Federal Reserve Bank of St Louis is an Equal Opportunity Employer.

This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a U.S. citizen when eligible.

All employees who require access to CSI and/or FOMC information are subject to periodic background investigations and must comply with all applicable information handling policies.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

No

Job Category

Bank Examination, Credit Risk Management

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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