Senior Large Bank Examiner- Review and Quality Control Team

Employer
The Federal Reserve Bank of Chicago
Location
Chicago, Illinois
Posted
May 02, 2023
Closes
Jun 01, 2023
Specialty
Accounting, Finance
Type
Full Time
Level
Experienced

The Federal Reserve Bank of Chicago is one of 12 regional reserve banks in the United States, along with the Federal Reserve Board of Governors in Washington, D.C., which make up the nation's central bank.  The Bank is committed to adhering to a culture of excellence, respect, integrity and responsibility.

As part of its core mission, the Supervision & Regulation (S&R) Department of the Federal Reserve Bank of Chicago is responsible for supervising and regulating state-chartered banks that are members of the Federal Reserve System, bank holding companies, and financial holding companies. Organizations within the boundaries of the Seventh District are located within Illinois, Indiana, Michigan, Wisconsin, and Iowa.   Our duty is to foster the stability, integrity and efficiency of the nation's monetary, financial and payment systems to promote optimal economic performance.

The Review and Quality Control (RQC) team within the Consumer Compliance and Supervisory Operations (CCSO) Division is responsible for conducting reviews of supervisory products created by examination staff across business lines and supervisory portfolios, to ensure consistency with expectations and guidance.  The team also provides reporting to leadership that outlines common findings, providing a horizontal perspective, and identifying opportunities for training and improving our supervisory work products.

This Senior Large Bank Examiner will primarily support RQC’s review of examination reports, supervisory letter, workpapers and related supervisory products created by the Large, Foreign Banking Organization (LFBO) and Regional Banking Organization (RBO) portfolios, interacting with staff using knowledge of the administrative aspects of examination as well as examination processes and conclusions, including training on examination-based programs.  This individual will also provide support and backup to RQC's function for the Community Banking Organization (CBO) portfolio. This candidate will work with the full RQC team to help establish and maintain ongoing consistencies and efficiencies in approach and support the centralized supervisory operations function within the department.

The Senior Large Bank Examiner leverages skills and risk discipline to proactively identify risks to help the supervisory team ensure the firm is operating in a safe and sound manner and in compliance with applicable laws and regulations. The individual may also independently perform research and write comprehensive analysis of varying complexity in risk discipline.

The level of work is generally considered advanced and staff must be able to work under minimal supervision. This position has no direct reports.

Your Responsibilities

  • Review reports, letters, and workpapers to ensure effective communication, consistency, and high quality across the portfolio
  • Provide reporting to leadership that outlines common findings, providing a horizontal perspective, and identifying opportunities for training and improving our work products.
  • Develop formal written feedback and recommend corrective action for identified issues
  • May participate in 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. Complete other special projects as assigned
  • Plan, direct and coordinate report review and special projects that most effectively use available resources
  • Gather and organize information, derive sound analysis, conduct thorough and accurate work, support findings and conclusions, make recommendations and decisions, and follow-up, as appropriate
  • Prepare and deliver persuasive presentations, including aggregate report review findings to management and staff
  • Work collaboratively with supervisory team members to ensure applicability and usability of analytical products
  • Periodically serve as an available resource to the direct examination function.

Your Background

  • Bachelor's degree or equivalent experience
  • Federal Reserve System Examiner Commissioning or progress towards preferred
  • Seven plus years of direct work-related experience
  • Demonstrate the ability to understand and execute risk focused supervision and processes the ability to help others to do so; demonstrate the ability to apply complex concepts and inter-dependencies in completing tasks
  • Demonstrate advanced analytical and problem solving skills
  • Demonstrate independent and critical thinking and decision making abilities as well as have strong written and oral communication abilities
  • Demonstrate the ability to provide effective direction or consultation
  • Possess the ability to provide guidance and constructive feedback to all levels of staff
  • Possess strong teamwork skills and the ability to build and work collaboratively within and across work teams
  • Demonstrate the ability to effectively lead a team without authority and to resolve moderately complex to complex issues
  • Demonstrate the ability to manage time and projects effectively by adjusting quickly to new and different priorities
  • Demonstrate aptitude to leverage relevant technology and software applications
  • Possess a general business acumen

Location

This position is hybrid. Your presence will be expected at one of the 7th District Offices- Chicago, Des Moines or Detroit.

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 continuous learning environment with opportunities to gain new skills and grow your career.
  • Onsite gym and subsidized cafeteria


 

  • 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.
  • Individuals" as defined by regulation of the Board of Governors of the Federal Reserve System. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization and S. permanent residents who have applied for naturalization within six months of being eligible to do so.
  • Ability and willingness to travel 10%

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

 

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