Examiner I / II / Senior - CBO at Federal Reserve Bank (FRB) in 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.

For twenty-five years in a row, 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.

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Supports the Federal Reserve's mission of financial system stability. Conducts examinations of complex or problematic community and regional financial institutions, as well as large and complex financial institutions and problem CBO and RBO institutions. Identifies risks through on- and off-site supervisory activities that ensure financial institutions are operating in a safe and sound manner and in compliance with banking laws and regulations. Provides coaching and mentoring to lesser- experienced examiners and contributes to and/or leads strategic initiatives.

General Responsibilities:

• Serves as Examiner-In-Charge of complex or problematic community and regional financial institutions with no oversight. Participates on reviews of large complex financial institutions with minimal oversight.


• Evaluates condition and risks in conjunction with regulatory guidelines to determine appropriate scope and objectives.


• Manages team of examiners with safety and soundness and risk specialty skills, which includes overseeing risk scoping and supervisory conclusions and providing performance feedback.


• May be required to participate in or lead examinations in specialty risk areas such as information technology, capital planning and stress testing, and BSA/AML. Often leads examinations in areas such as audit, risk management, and corporate governance.


• Works effectively with representatives of other Regulatory Agencies and presents findings of joint examinations/inspections in clear concise manner.


• Identifies weaknesses and prepares and communicates supervisory findings to Reserve Bank management, Federal Reserve System management, and bank senior management and boards of directors.


• Participates on examinations of community, regional, and large complex financial institutions.


• Assesses risks, internal controls, and compliance with laws and regulations. Completes assignments in alignment with departmental and System standards with no oversight.


• Advanced ability to monitor and understand risks and trends at the institution specific level, portfolio level (across a group of firms) and of the broader financial system and financial markets. Applies such knowledge to supervisory assessments with minimal oversight.


• Serves as a financial institution's regulatory central point of contact or subject matter expert for all supervisory matters (including applications and enforcement actions).


• Maintains ongoing awareness of issues and oversees findings from specialty or technical risk areas. Demonstrates ability to apply such understanding and incorporate into overall supervisory conclusions and ratings.


• Provides coaching and mentoring and performance feedback to examiners and leads or participates in projects or committees that contribute to Bank/SCS/System strategic initiatives.


• Performs other duties as assigned or requested.

Education and Experience:

• Bachelor's Degree in Accounting, Finance, Mathematics, Economics, or related field.


• Examiner I: 5+ years of related work experience required.


• Examiner II: 7+ years of related work experience required.


• Examiner Senior: 10+ years of related work experience required.


• Commissioned Examiner of the Federal Reserve System preferred.

Knowledge and Skills

• Expert ability to perform independent research.


• Advanced knowledge of project management


• Expert knowledge of regulations, procedures, and practices of bank examination


• Intermediate knowledge of Microsoft Office


• Intermediate knowledge of budgeting


• Expert problem solving and analytical skills.


• Expert written and verbal communication.


• Expert public speaking


• Expert specialized operational/technical skills in bank examination.


• Advanced presentation


• Advanced strategic thinking/planning

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

Job may require overnight travel <25%; location dependent

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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