The Community, Regional & Specialty Bank (CRSB) Supervision Division provides supervisory oversight of financial institutions of varying complexities that have a close relationship with the communities they serve. Members of the CRSB job family generally conduct full scope or target examinations and inspections and continuous monitoring of CRSB financial institutions by working collaboratively with team members within RCS and throughout the Reserve Bank’s Supervision & Regulation function, Federal Reserve Board Staff, other regulatory agencies, and financial institution staff and management.
The Senior Examiner uses in-depth knowledge and/or expertise to serve as Examiner-In-Charge (EIC) or as a member of a full-scope or target examination/inspection team or continuous monitoring event to assess a Regional or Specialty Bank’s overall condition, risk management systems, and compliance with applicable laws and regulations.
The level of work is generally considered advanced, and staff must be able to work under minimal supervision. This position has no direct reports.
Department Overview:
The Supervision and Regulation Department plays a critical role in the Reserve Bank's core mission, supervising and regulating state-chartered banks that are members of the Federal Reserve System, bank holding companies, savings and loan holding companies, financial holding companies, and foreign banking organizations. As part of the Federal Reserve System, our nation’s central bank, our duty is to foster the stability, integrity, and efficiency of the nation's monetary, financial, and payment systems to promote optimal economic performance.
Position Close Date: March 17, 2023
Your Responsibilities:
Draw on professional experience to present and make supervisory recommendations and resolve moderately complex to complex issues.
Draft moderately complex to complex reports and other correspondence for external stakeholders.
Lead and/or participate in the development of institutional overviews, risk assessments, and supervisory plans, and examination and inspection scopes for moderately complex to complex financial institutions.
Build, maintain, and grow relationships and networks with internal and external stakeholders, such as other Reserve Banks, the Board of Governors, other regulatory agencies, and financial institutions.
Serve as a mentor and/or coach, shares knowledge and technical expertise, provides constructive feedback, and trains and develops staff.
Your Background:
The successful candidate will have the following attributes or capabilities:
Bachelor's degree or equivalent experience. Seven plus years of direct work-related experience.
Examiner Commission preferred; if not commissioned, must be willing to complete the commissioning program.
Applicants must be a U.S. Citizen or hold a green card with the intent to become a U.S. Citizen.
Guide others in understanding, supporting, and executing the risk-focused supervision process.
Advanced analytical and problem-solving skills.
Independent critical thinking and decision-making abilities.
Strong written and verbal communication.
Provide effective direction or consultation.
Coach/guide and provide constructive feedback to all levels of staff.
Strong teamwork skills and the ability to build and work collaboratively within and across work teams.
Effectively lead and influence a team without authority and resolve moderately complex to complex issues.
Manage time and projects effectively by adjusting quickly to new and different priorities.
Leverage relevant technology and software applications.
Business acumen and judgement.
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.
Location:
This position is considered Hybrid, which means your presence will be required at one of the Seventh District offices - Chicago, IL Detroit, MI or Des Moines, IA.
Other Requirements:
Ability and willingness to travel up to 15%.
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. Ability and willingness to travel.
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.
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. S&R plays a critical role in The Federal Reserve Bank of Chicago's core mission, supervising regulating state-chartered banks that are members of the Federal Reserve System, bank holding companies, financial holding companies and savings and loan 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.