The Federal Reserve Bank of Richmond's Supervision, Regulation and Credit Department (SRC) has an exciting opportunity for entry level Associate 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 Associate Examiner will leverage and develop 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 bank's condition. An Associate Examiner will demonstrate and develop leadership skills by leading reviews of key risk areas, training peers, and ultimately leading a team of peers 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. An extensive training program is provided to teach relevant rules and regulations as well as bank specific analysis, while in pursuit of examiner commissioning credentials. In addition to the skills listed above, successful candidates typically have degrees in finance, accounting, economics or related fields, or experience in the banking sector. The Associate Examiner can be located in Richmond, VA (preferred), Charlotte, NC or Baltimore, MD and will report to a Senior Manager.
Entry level candidates are required to submit 3 documents with their application:
* College transcript(s)
* Cover letter stating why you are a good match to the job and how you became interested in risk analysis
Essential Job Responsibilities include but are not limited to the following:
* Attends/completes all required training (passing grade)
* Assists with the supervision of financial institutions by proactively identifying risk exposure, adequacy of risk management systems, operational controls, financial conditions, and/or compliance with banking laws and regulations
* Achieves and maintains consistent, incremental progress with Examiner commissioning process
* Communicates findings of supervisory activities
* Satisfactorily completes assignments within established timeframes with increasingly limited assistance
* Approximately travel of 50%
* The Associate Examiner ? Associate (Entry level) hiring range is $47,800 - $59,700, annually.
* The deadline for applying is April 30, 2019.
* Salary offered will be based on job responsibilities and individual's knowledge, skills and experience as defined in the job qualifications/experience.
* Bachelor's degree required with preferred emphasis in Finance, Economics, Business, Accounting or related field
* 0 to 18 months of bank regulatory or equivalent work experience
Knowledge and Skills:
* Completes assignments with limited assistance
* Proficient ability to organize, prioritize and manage multiple tasks, projects, and/or assignments and meet deadlines
* Extrapolates on knowledge from prior training and experience to understand less to moderately complex regulatory and banking concepts and processes
* Strong critical thinking demonstrated by sound reasoning supported by facts
* Proficient oral and written communication, ability to interact on required information and concepts with people at all levels of the organization
* Ability to work in team environment and contribute to overall completion of examination
* Strong analytical and technical supervision skills
* 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 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.
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).
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