Examiner II/ Senior - LBO at Federal Reserve Bank (FRB)

Posted in Management 12 days ago.

Type: Full-Time
Location: Cleveland, Ohio





Job Description:

Company

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is part of the nation’s central bank and we’ve provided many opportunities for professional growth during our history.
We’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Our People Make the Difference! The Federal Reserve Bank of Cleveland is seeking innovative thinkers with vision to build the framework that will carry the Bank into the future.

Follow us on LinkedIn, Twitter, Instagram, and our YouTube channel – Cleveland Fed

Supports the Federal Reserve's mission of financial system stability. Executes the supervisory program for firms with total consolidated assets of $100 billion or more. Conducts forward looking assessments of firm's financial and operational resiliency through a range of conditions. Evaluates control environment adequacy and ensures compliance across the entity-business lines, independent risk, and internal audit. Identifies risks through horizontal and firm-specific examinations and monitoring activities that ensure financial institutions are operating in a safe and sound manner and in compliance with banking laws and regulations. Communicates examination results and supervisory assessments to Bank management, Reserve Bank leadership, Federal Reserve System leadership, and/or other regulators.

General Responsibilities:


  • Lead or contribute to examinations in areas such as capital and liquidity planning and positions, management of core business lines, corporate governance, independent risk management, internal audit, credit risk, operational risk, or internal control functions. Identifies, assesses, and articulates weaknesses and associated risks to various stakeholders (i.e. Reserve Bank management, Federal Reserve System management, and bank senior management and boards of directors).


  • Serve as Examiner-In-Charge (EIC) of large financial institutions and assignments. When serving as EIC, demonstrate effective leadership in the planning and execution of reviews, including effective coordination and oversight of a team of examiners and ability to provide critical performance feedback.


  • Monitor and understand interconnectedness of risks and trends at the specific institution, across a group of firms and at the broader financial system.


  • Prepare clear and concise written analysis and other supervisory work products incorporating micro and macro risks and trends.


  • Provide coaching and mentoring to lesser- experienced examiners.


  • Lead or participate in projects or committees that contribute to strategic initiatives.


  • Performs other duties as assigned or requested.


Education and Experience:


  • Examiner II: Bachelor's Degree in Business Management, Accounting, Finance, Mathematics, Economics, or related field and 7+ years of related work experience required.


  • Examiner Senior: Bachelor's Degree in Business Management, Accounting, Finance, Mathematics, Economics, or related field and 10+ years of related work experience required.


  • Commissioned Examiner of Federal or State banking regulatory agencies preferred.


Knowledge and Skills


  • Knowledge of regulations, guidance, procedures, and practices applicable to firms over $100 billion total consolidated assets.


  • Knowledge of large bank finances, operational risk management, enterprise risk management, and/or model risk management practices preferred.


  • Advanced learning agility and ability to effectively manage through ambiguity.


  • Advanced written and verbal communications, including presentation.


  • Advanced ability to perform independent research and utilize analytical tools.


  • Advanced knowledge of project management


  • Advanced decision quality, problem solving, and analytical.


  • Advanced collaboration


  • Advanced demonstration of self-awareness/development


  • Advanced optimization of business processes


  • Advanced accountability


  • Advanced demonstration of valuing different perspectives


  • Advanced action oriented


Physical Demands and General Working Conditions

Traditional office environment: Employees typically sit most of the day, work with a computer and may answer/respond to phone calls. Physical movement consists of walking for meetings, breaks, etc. Ability to lift items weighing approximately 20 pounds on a limited basis is required. Employees may be required to travel by car/air.

Travel requirements: Up to 25% with some overnight required

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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