Large Bank Examiner - Operational Risk, Supervision and Regulation

Company

Federal Reserve Bank of Chicago

The Federal Reserve Bank of Chicago is one of 12 regional reserve banks in the United States, along with the Federal Reserve Board of Governors in Washington, D.

C., which make up the nation's central bank. The Bank is committed to adhering to a culture of excellence, respect, integrity and responsibility.

As part of its core mission, the Supervision & Regulation (S&R) Department of the Federal Reserve Bank of Chicago is responsible for supervising and regulating state-chartered banks that are members of the Federal Reserve System, bank holding companies, and financial holding companies.

Organizations within the boundaries of the Seventh District are located within Illinois, Indiana, Michigan, Wisconsin, and Iowa.

Our duty is to foster the stability, integrity and efficiency of the nation's monetary, financial and payment systems to promote optimal economic performance.

The Federal Reserve Bank of Chicago's (FRB-C) Large Financial Banking Organizations (LFBO) Division, which sits within the Supervision and Regulation (S&R) Department, is comprised of banking risk specialists who supervise the largest, most complex domestic and foreign banking organizations within the 7th District.

Members of the Large Bank Supervision job family provide supervisory oversight through continuous monitoring and examination activity by reviewing bank materials and engaging with institution executives who have a deep knowledge of their functional or risk area.

The Large Bank Examiner uses in-depth knowledge to identify risks through on- and off-site examination and monitoring activities to ensure the firm is operating in a safe and sound manner and in compliance with applicable laws and regulations.

The individual also independently performs research and writes comprehensive analysis in risk discipline.

The level of work is generally considered intermediate and staff must be able to work under general supervision. This position has no direct reports.

We have an excellent opportunity for a motivated individual to be a member of an LFBO (Large Financial Banking Organization) Dedicated Supervisory Team.

The position is responsible for determining the effectiveness of an LFBO's firm's operational risk management framework that supports the identification, measurement, assessment, and control of the full spectrum of operational risks.

The individual will lead supervisory assessments and examinations over these areas as well as a spectrum of related non-financial risks to promote operational resiliency and risk management of core business lines.

Your Background :

• Participates in ongoing supervision efforts of large institutions, such as examinations / target reviews and continuous monitoring
• Assesses the adequacy of risk management systems, policies and procedures, and compliance with laws and regulations
• Leverages risk discipline knowledge to support development of supervisory strategies for large or specialized institutions.
• Prepares and presents quality and timely summary documents such as reports of examination and conclusion memoranda, continuous monitoring documentation, risk assessments, and other supervisory correspondence and documentation for large or specialized institutions
• Assists in the development of examination scopes / supervisory activities, timelines, and milestones for large or specialized institutions
• Creates focused and value -added reports, documents, and other correspondence to internal and external stakeholders
• Develops relationships within the team, division and department
• Provides guidance, training and constructive feedback to less experienced staff

Your Background :

• Bachelor's degree or equivalent experience
• Four plus years of direct work-related experience
• Demonstrates the ability to understand and execute risk focused supervision and processes; demonstrates the ability to apply the knowledge in completing assignments
• 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, training, and constructive feedback to less experienced staff and peers
• 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
• Demonstrates aptitude to leverage relevant technology and software applications
• Federal Reserve System Examiner Commissioning or progress towards preferred
• Possesses general business acumen

What we Offer :

• Comprehensive benefits package, including medical, dental, vision, prescription drug coverage, 401k savings plan with matching contributions, retirement plan, paid time off, childcare subsidies, parental leave and a transit benefit.
• A continuous learning environment with opportunities to gain new skills and grow your career by opportunities for subsidized advanced educational degrees.
• A wide range of Diversity, Equity, and Inclusion community groups as well as active employee resource groups and mentorship programs.
• Onsite gym and subsidized cafeteria.

Location :

This is a hybrid position. Your presence will be expected at one of the 7th District offices-Chicago, Des Moines or Detroit

Other Requirements :

• Ability and willingness to travel up to 10%.
• 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.

This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed.

The screening covers areas such as education / employment verification, criminal history, credit history, and reaches out to your references and people that know you well.

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

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

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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