Examiner I / II / Senior - Risk Specialist 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. An individual in this position is as an integral member of the risk discipline and possesses advanced technical and supervisory skills. Leads and participates in large, complex and challenging supervisory activities to determine the adequacy of risk management processes to identify, measure, monitor, and mitigate risks. Demonstrates advanced skills regarding bank operations and products and is able to leverage an understanding of the interplay of risks, risk drivers, and risk management to conduct critically focused supervisory assessments. Participates on national horizontal reviews and serves in a material contributor role (examples include as lead or material contributor for a workstream on a horizontal evaluation team or as lead risk specialist/examiner-in-charge for a dedicated supervisory team). Demonstrates advanced knowledge of industry practices and leverages innovative techniques to identify and assess emerging risks. Conducts forward-looking analysis of cross firm and industry/financial system risks and developments to help drive perspectives on micro (institution specific), horizontal (industry wide/peer) and macro (financial system supervision) risks. Leads or acts in material contributor role on complex projects and develops/delivers outreach and training.

Note: Individuals in this role either have an examiner commission or are in the process of obtaining a commission.

Essential Accountabilities

• Serve as examiner-in-charge or lead risk specialist on reviews of risk discipline, and related activities. May participate on national horizontal reviews in a formal leadership role or as a material contributor.




• Demonstrates sound supervisory judgment and leadership skills in organizing, deploying and managing assigned resources when acting in an in-charge capacity.




• Identifies and assesses institution-specific and industry risk levels, key developments and trends. Prepares informative, well supported supervisory products and workpapers, and effectively communicates supervisory findings, both verbally and in writing, to the supervised banking organization's senior management and board of directors in a thoughtful and concise manner.




• Works independently or in small teams on reviews both in-District and out-of-District.




• Demonstrates expertise and agility in executing a range of assignments, including highly complex, and at firms of varying size, condition, and complexity (including larger, more complex banking organizations).




• Performs continuous financial system supervision monitoring to understand micro (institution specific), horizontal (industry wide/peer) and macro (financial system supervision) risks.




• Serves as a subject matter expert (SME) for the Bank, SCS department management, and staff regarding risk discipline.




• Maintains ongoing awareness of issues, trends and topical areas relevant to risk discipline and related areas. Provides for knowledge sharing of key and emerging risks within and across the SCS administration and System.




• Provides informed input through policy, supervisory guidance or other contributions to enhance supervisory activities and effectiveness. Prepares written and verbal risk assessments, analytical and other products and briefings as requested. Develops and delivers written analyses and presentations on institution-specific and industry trends.




• Leads or participates on the most critical, most complex local and strategic or operational projects and initiatives intended to enhance policy, supervisory standards and processes, examiner training, address emerging issues or developments, or enhance quality, performance and effectiveness.




• Proficiently executes assignments and activities consistent with established objectives, performance, and timeliness requirements.




• Shares knowledge and expertise and provides leadership, coaching and mentoring to peer/junior examiners, analysts and other staff to support their knowledge and understanding of risk discipline.




• Manages and maintains relationships effectively with others, both internal and external to Federal Reserve, and tailors message appropriately to audiences across varying levels, including staff, mid-level/ executive management and board of directors.




• Performs other duties as assigned or requested.

Education and Experience

• Bachelor's Degree




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




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




• Examiner Sr: 10+ years of related work experience in specialty area required

Knowledge and Skill Areas

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




• Advanced ability to perform independent research




• Advanced knowledge of project management




• Intermediate knowledge of Microsoft Office




• Expert problem solving and analytical




• Expert specialized operational/technical skills in specialty area




• Advanced written and verbal communication




• Advanced presentation




• Advanced public speaking




• Advanced strategic thinking/planning

Citizenship requirements

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.

Physical Demands and General Working Conditions            

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time. 

Reasonable Accommodation Statement - The Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. To request a reasonable accommodation for any part of the employment process, please send an email to clev.4d.benefits.specialist@clev.frb.org.

Location/in office requirements

This position is hybrid with 2-3 days in office in district and up to 25% travel.

Bank’s Ethics Rules and Drug Testing

As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions.  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.

In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.  

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Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels

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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