The Federal Reserve Bank of Richmonds Supervision, Regulation and Credit Department (SRC) has an exciting opportunity for Examiners on the Community and Regional Safety & Soundness supervision team. Community and Regional Safety and Soundness examiners evaluate the financial condition and compliance with laws and regulations of state member banks and bank holding companies up to $100 billion in assets. The Examiner will leverage strong analytical, critical thinking, communication, and leadership skills to effectively fulfill their duties. Analytical analysis includes but is not limited to assessing the adequacy of capital and liquidity positions, earnings performance, asset quality metrics, and exposure to interest rate risk. Critical thinking will need to be applied to appropriately assess the effectiveness of controls and risk management practices at the organization, synthesizing the assessment of risk management and financial analysis into an overall evaluation of the banks condition. An Examiner will demonstrate strong leadership skills by leading reviews of key risk areas, training, and leading a team in completing a full examination of a financial institution. Strong written and verbal communication skills will be required to work effectively with peers as well as for handling critical and sensitive interactions with bank leadership, directors, and employees. If you possess these skills and a desire to demonstrate and develop them on a daily basis in a dynamic work environment, please consider this opportunity. The Examiner can be located in Richmond, VA, Charlotte, NC or Baltimore, MD and will report to a Senior Manager.
Qualified candidates typically have general banking, financial analysis, accounting or audit experience. Additional valuable experience may include evaluating/analyzing one or more of the following: capital markets, market and liquidity risk management, credit risk, operational risk, accounting/audit, compliance with BSA/AML requirements, information technology, and bank holding companies. Commissioned examiner credentials are preferred, but candidates with knowledge, skills, and experience as defined in the job qualifications/experience will be considered for Examiner openings with the expectation that they attain examiner commissioning credentials through the Examiner commissioning process. In addition to the experience listed above, successful candidates typically have degrees in finance, accounting, economics or related fields.
Essential Job Responsibilities include but are not limited to the following:
Contributes to policy and practice development by researching, identifying, and surfacing risk issues and emerging trends, including horizontal assessment of risk management practices, applies and transfers knowledge
May mentor team members, provides development opportunities and training to staff members, acclimate new hires
Contributes to and periodically leads System and Department workgroups, proactively initiates change by seeking opportunities to participate in and lead priority projects
Communicates regularly with supervised institutions and regulatory agencies, briefs Reserve Bank executive management on appropriate issues
Plans, executes, leads, and communicates findings for full-scope and targeted examinations of financial institutions
Prepares supervisory products such as risk assessments, supervisory plan, RFI rating, participates in vetting/review of similar products with senior staff in area of specialty
Influences management actions through effective negotiation and conflict resolution to achieve supervisory goals, communicates findings and examination ratings to supervised institutions and Reserve Bank management
Additionally and at the Examiner Senior level: Serves as a Change Agent, identifying, developing, implementing improvements to operational effectiveness Develops and maintains relationships with Board, State banking departments, regulators, and peers System-wide, participates in outreach activities Performs as a thought leader, providing expertise to appropriate internal and external stakeholders
Approximately travel of 50%
***The Examiner Intermediate hiring range is $79,700 - $99,600, annually. ***The Examiner - Senior hiring range is $105,400 - $131,800, annually. ***The deadline for applying is April 30, 2019. ***Job title and salary offered will be based on job responsibilities and individuals knowledge, skills and experience as defined in the job qualifications/experience.
Commissioned examiner credentials or commensurate industry experience
Examiner Intermediate - 3 to 5+ years of bank regulatory or equivalent work experience
Examiner Senior - 5 to 9+ years of bank regulatory or equivalent work experience
Bachelors degree required with preferred emphasis in Finance, Economics, Business, Accounting or related field
Knowledge and Skills:
Completes examination assignments independently
Handles multiple assignments, prioritizing effectively and delegating responsibility as appropriate to meet goals
Demonstrates ability to assimilate, synthesize, and interpret moderately to highly complex data, concepts, and processes (often from prior assignments), putting them in relevant context, and formulating understanding of more complex concepts and processes
Thorough familiarity with methods and principles of process improvement
Acute critical thinking demonstrated by sound reasoning supported by facts and informed by broad themes or issues
Articulates a range of moderately to highly complex issues clearly and persuasively with sophisticated supervisory nuance as appropriate to audience
Analyzes, interprets, and understands moderately to highly complex banking and finance issues, concepts, trends and regulatory issues while considering broader implications, providing insight to industry practice and emerging risk
Ability to provide leadership to examination team members, including training, coaching, and mentoring, negotiates moderately complex and sensitive issues to skillfully manage relationships with colleagues and key stakeholders
Additionally and at the Examiner Senior level: Experience and strong ability to head a successful examination team Broad working knowledge of methods and principles of process improvement, allowing function as Change Agent
An applicant posting for employment as a Federal Reserve examiner/analyst must be a U.S. citizen or hold a permanent residence visa/Green Card and be an intending citizen.
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 the FRB Employee Code of Conduct to ensure there are no major issues related to your previous employment and current financial interests. (The Code is available on the About Us, Careers webpage at www.richmondfed.org.; the 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 employees 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.
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, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change (e.g. emergencies, rush jobs, change in workload or technological developments).
Associated topics: accountant, accountant iii, audit, bond, cost, financial analyst ii, financial analyst iv, insurance, pension, sas
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.