Bank Examiner at Federal Reserve Bank (FRB) in Richmond, Virginia

Job Description:

Company

Federal Reserve Bank of Richmond

When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

About the Opportunity 

The Federal Reserve Bank of Richmond’s Supervision, Regulation and Credit Department (SRC) is hiring to fill multiple openings for Bank Examiners across teams in our Community and Regional Safety and Soundness (CRSS) unit.  The CRSS team plays a crucial role for the public by ensuring the safety and soundness of community and regional banks in the Fifth District. Current opportunities reside on teams focused on community bank supervision, regional bank supervision, and assessing BSA/AML programs. 

We are looking for experienced individuals with broad experience in at least one or more of the following risk dimensions: credit risk, asset/liability management, general financial risk, and Bank Secrecy Act/Anti Money Laundering (BSA/AML). The successful candidates will have the ability to make connections and associations across all risk types.   

What You Will Do: 

• Perform supervisory work within field of focus, ensuring safe and sound operations and compliance with applicable laws and regulations. 


• Plan and execute full-scope and/or targeted risk examinations at designated portfolio financial institution(s), often while leading teams of examiners and/or risk specialists.  


• Review workpapers, draw conclusions, and communicate examination results to supervised institutions and internal stakeholders. 


• Prepare supervisory products as required by the role, such as risk assessments, routine continuous monitoring reports, supervisory plans, and/or report of examinations. 


• Provide meaningful and timely feedback regarding exam staff performance. 


• Satisfactorily complete assignments within established timeframes, largely independently. 


• Contribute to policy and practice development by researching, identifying, and surfacing risk issues and emerging trends, including horizontal assessment of risk management practices. 

Qualifications: 

• 3+ years of bank regulatory or equivalent industry experience. 


• An active commission from a federal or state banking regulatory agency is preferred. 


• Preferred experience includes, but is not limited to expertise in at least one of the following: Credit risk management, Asset/liability management, financial analysis, financial risk management, and/or BSA/AML Compliance 


• Banking supervision processes and practices 


• Bachelor’s degree or equivalent related work experience, with preferred emphasis in Finance, Economics, Business, Accounting or related field. 


• Occasional travel is required and will vary depending on the location of the successful candidate, with flexibility for work/live balance. 

Other Requirements and Considerations:  

• Location: Richmond, Baltimore, or Charlotte 


• Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.  


• If you need assistance or an accommodation due to a disability, please notify rich.recruitment@rich.frb.org.  


• Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.). 


• 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 an enhanced background check 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.  


• Under Conflict-of-Interest guidelines administered by the Board of Governors of the Federal Reserve System, examining personnel may not participate on an examination of a financial institution or affiliate if the examiner was employed by the financial institution or affiliate within the past 12 months.  


• Please review Bank’s Employee Code of Conduct to ensure there are no major issues related to your previous employment and current financial interests (relevant sections are 5.3 and Appendix B, Parts I, II and III). FRB ethics rules generally prohibit employees and their immediate families from owning investments in banks, savings associations, or their holding companies (Section 5.3). Additionally, employees engaged in Supervision and Regulation may be subject to borrowing and deposit restrictions. These employees may need to recuse themselves from certain supervisory work based on:  

• Their borrowing relationships (Appendix B Parts I.1, II.1 and II.2) 

• If a financial institution employs a member of the employee’s immediate family (i.e. spouse, child, parent, or sibling) (Appendix B Part I.3 and Part II.3) 

• If the individual was employed by the financial institution or affiliate within the past 12 months (Appendix B Part I.3 and II.3). 

• In certain cases, the recusal may be so extensive it could materially reduce the effectiveness of the prospective employee’s job responsibilities. 

• The hiring range of the Examiner – Intermediate is $80,500 – $105,600 annually (3+ years of experience) 


• The hiring range of the Examiner – Senior is $114,000 – $149,600 annually (5+ years of experience) 


• The hiring range of the Examiner – Advanced is $126,900 – $166,500 annually (9+ years of experience) 


• Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications, may vary from listed range. 


• Applications will be reviewed on a rolling basis. Candidates are strongly encouraged to apply by Monday November 11, 2024.   

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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