CRSB Examiner-CBO at Federal Reserve Bank (FRB) in Chicago, Illinois

Job Description:

Company

Federal Reserve Bank of Chicago

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.

This position is under the Safety and Soundness examinations of Community Banks for institutions under $10 billion in assets. The Community, Regional & Specialty Bank (CRSB) Supervision family provides supervisory oversight for 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 examination and inspections of CRSB firms by working with different teams and staff across the department and through interaction with institution executives with broad responsibilities.

The CRSB Examiner uses knowledge to lead and serve as Examiner-In-Charge (EIC) or a member of a full scope point-in-time examination/inspection team. The level of work is generally considered intermediate, and staff must be able to work under general supervision. This position has no direct reports.

Your Responsibilities

• Participate and serve effectively as an Examiner-In-Charge (EIC) to ensure the successful completion of an examination or inspection including the assessment of the institution’s overall condition, risk management systems, and compliance with applicable laws and regulations; perform continuous monitoring


• Create and provide focused and value-added reports, documents, and other correspondence to internal and external stakeholders


• Develop and present supervisory recommendations and responses to resolve moderately complex issues


• Develop and lead examination and project plans, timelines, and milestones for basic and moderately complex examinations


• Develop relationships within the team, division, and department


• Provide guidance, training, and constructive feedback to less experienced staff; provide feedback on the examinations team’s performance when acting as EIC of an examination

Your Background

• Bachelor's degree or equivalent experience


• Four plus years of direct work-related experience


• Commission preferred; if you are not commissioned, you will be required to go through the Examiner Commissioning Program (ECP) and become commissioned


• Applicants must be a U.S. Citizen or hold a green card with the intent to become a U.S. Citizen


• Demonstrate the ability to understand and execute risk focused supervision and process


• Demonstrate the ability to apply knowledge in completing assignments


• Demonstrate intermediate to advanced analytical and problem-solving skills


• Demonstrate independent and critical thinking and decision-making abilities as well as have solid written and oral communication abilities


• Possess the ability to provide guidance and constructive feedback to less experienced staff and peers


• Possess strong teamwork skills and the ability to build and work collaboratively within and across work teams


• 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


• Possesses general business acumen

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 7th District Locations.

We are hiring for the following locations:

Chicago

Des Moines

Detroit

Other Requirements:

• Ability and willingness to travel 25%


• Must have valid government issued driver’s license


• 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

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

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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