Senior Large Bank Examiner - Consumer Compliance
Federal Reserve Bank (FRB)
Chicago, Illinois, United States
Job type: fulltime
Job industry: Banking & Financial Services
Job Summary: A Federal Reserve Bank CCRA (Consumer Compliance) Senior Examiner participates as a member of the examination team or as an Examiner In Charge (EIC) in the examination/ direct supervision of consumer protection laws and regulations at financial institutions. The Consumer Compliance Large Institution and SLHC Team is responsible for enforcement of the federal consumer protection statutes in financial services and assessing consumer compliance risk in regional and large financial institutions and savings and loan holding companies (SLHCs). Department Overview: Supervision and Regulation plays a critical role in the Bank's core mission, supervising regulating state chartered banks that are members of the Federal Reserve System, bank holding companies and financial 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. Responsibilities: Identifies and assesses significant risks related to consumer protection laws and regulations at the largest, most complex financial institutions Determines the adequacy of risk management systems for mitigating and controlling risks Determines the effectiveness of management, policies, and procedures, and compliance with laws and regulations Monitors a portfolio of the largest, most complex financial institutions and provides summary reports on their conditions and evolving risks Develops and recommends supervisory actions and responses Participates as Examiner-In-Charge (EIC) and Consumer Liaison (CL) of the largest, most complex financial institutions Evaluates financial information, fair lending and/or CCRA data, procedures, and controls to arrive at sound, supportable conclusions Interprets information and reviews data in order to make decisions, establish priorities, and develop hypotheses to facilitate the understanding of events as well as makes projections to forecast trends Provides focused and value added reports and other correspondence to outside stakeholders and internal management Develops and maintains ongoing relationships with supervisory personnel at the Board and Reserve Banks, other regulatory agencies, as well as senior management and directors of supervised institutions to ensure thorough communication of examination and supervisory issues Leads departmental and system-wide initiatives, including, but not limited to, working with staff from other Reserve Banks, the Board of Governors and other regulatory agencies Your Background: Bachelor's degree or equivalent experience. Coursework in Economics, Finance or Business Administration preferred Master's in Economics, Finance or Business Administration preferred Seven plus years of direct work-related experience Five plus years in risk area of expertise preferred Examiner Commission beneficial An understanding of risk focused supervision and processes preferred Ability and willingness to travel as required Demonstrates intermediate to advanced analytical and problem solving skills Demonstrates independent and critical thinking and decision making abilities as well as have solid written and oral communication abilities Possesses the ability to provide guidance and constructive feedback to less experienced staff Possesses strong teamwork skills and the ability to build and work collaboratively within and across work teams Demonstrates the ability to manage time and projects effectively by adjusting quickly to new and different priorities Possesses a strong proficiency in Microsoft Office products 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 Other Requirements: Travel approximately 25% 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.