Sr. Legal & Compliance Risk Specialist / Examiner - LFBO

Company

Federal Reserve Bank of DallasWe are dedicated to serving the public by promoting a strong financial system and a healthy economy for all.

These efforts take a team of dedicated individuals doing many different jobs. Together we’re creating a workplace where talented people can thrive, and we welcome your unique background and perspective to help present the best possible solutions for our partners.

Location : #LI-Hybrid

About the Role :

We have an excellent opportunity on a Large and Foreign Banking Organization (LFBO) dedicated supervisory team to serve as the Legal & Compliance Risk Specialist / Bank Examiner responsible for assessing the firm’s enterprise Legal and Compliance risks and related risk management processes from a safety and soundness perspective.

You will report to the Director of Examinations / Deputy Central Point of Contact and be a part of a team of examiners responsible for assessing Governance and Controls (G&C) under the Federal Reserve’s Large Financial Institution’s (LFI) Rating Framework.

As a firm within FRBD’s growing LFBO portfolio, the firm is a Category III institution subject to the Dodd-Frank Act Enhanced Prudential Standards and the Capital Plan Rule.

The successful candidate will have the opportunity to be exposed to the development of, and directly supervise, emerging activities in an assessment of the firm’s continued safety and soundness within the financial industry, across all three lines of defense.

As such, a working understanding of the Consolidated Supervision Framework for Large Financial Institutions outlined in SR Letter 12-17 is preferred.

The candidate should also be familiar with the LFI Ratings Framework outlined in SR Letter 19-3. Finally, the candidate should have experience in Compliance Risk Management Programs and Oversight at Large Banking Organizations with Complex Compliance Profiles outlined in SR Letter 08-08.

You Will :

• Lead the coverage of legal and compliance risk, with a particular focus on enterprise compliance risk management as well as facilitating the assessment of legal and compliance risks across the firm in such areas as corporate operations, consumer banking, and broker / dealer and register investment advisory activities.
• Lead or participate in the supervisory assessments of legal and compliance as well as assist on reviews of enterprise risk management, board effectiveness, independent risk management, operational risk, management of business lines, and internal audit.
• Act as Examiner-in-Charge of related supervisory events, conduct horizontal and coordinated reviews, and routinely interact with internal and Federal Reserve System (FRS)-level colleagues, other regulators, and the firm’s senior management and staff.
• Contribute to the assessment of regulatory ratings for Risk Management, CAMELS, and G&C.
• Develop and implement a strong risk-focused supervisory program in accordance with the LFBO Management Group’s program requirements.
• Define and conduct ongoing risk-focused supervisory activities, including MIS reviews and leading routine meetings with management to develop a deep and broad understanding of the firm’s strategies, risks, and risk management practices.

Perform timely and periodic risk analyses to determine the level and trend of risks and identify emerging issues.

Develop creative approaches for evaluating coverage areas and related risk management practices relative to peer companies.

Devise methods to efficiently incorporate internal and external data into the ongoing supervision process.

• Deliver clear supervisory messages to management that describes where the firm stands relative to supervisory expectations and required actions for addressing matters that require attention, as applicable.
• Collaborate with other risk specialists on the team and the Texas Department of Savings and Mortgage Lending (DSML) examiners to develop a comprehensive understanding of Legal and Compliance risks.
• Build and maintain effective working relationships within the team, peers, the FRBD, the FRS, and with other regulatory agencies (such as the DSML, SEC, and FINRA).
• Demonstrate agility and leadership through the ability to assist on other risk topics not specifically captured in your area of coverage, based on team needs.
• Ensure high quality and timely completion of required supervisory work products and perform quality control to ensure compliance with local policies / procedures and FRS requirements.
• Interpret regulatory guidance and evaluate the potential impact on the safety and soundness of the firm. Maintain an awareness of potential changes to key rules, laws and regulations, and supervisory policies as applicable.

You Have :

• Bachelor’s degree in business administration, finance, economics, or other related field is required; advanced degree is preferred.
• Seven or more years of direct supervisory, regulatory, or comparable banking and financial industry experience. An active examiner commission from a federal or state banking supervisory agency is a plus.
• Working knowledge with the Federal Reserve’s Consolidated Supervision Framework for Large Financial Institutions and LFI rating (e.

g. SR 08-08, SR 12-17, and SR 19-3) as well as the CAMELS rating framework. Knowledge and experience with various legal and compliance regimes related to anti-money laundering, consumer compliance regulations, and broker / dealer and registered investment advisor regulations is beneficial.

• Strong written and verbal communication skills. An ability to listen and communicate clearly, logically, and persuasively at multiple levels in the organization and effectively articulate themes and conclusions both verbally and in writing.
• Advanced analytical skills and the ability to apply and explain complex regulatory concepts. Strong problem-solving skills that support and enable sound decision-making, and the ability to synthesize large amounts of complex, disparate information to formulate well-supported conclusions and concise views.
• Experience evaluating a variety of risks facing complex financial institutions, and the ability to identify prudent practices for managing those risks.
• Capacity to pursue multiple initiatives at the same time and deliver successful outcomes.

Our Benefits :

Our total rewards program offers benefits that are the best fit for you at every stage of your career :

• Comprehensive healthcare options (Medical, Dental, and Vision)
• 401K match, and a fully funded pension plan
• Paid vacation, holidays, and volunteer hours; flexible work environment
• Generously subsidized public transportation and free parking
• Annual tuition reimbursement
• Professional development programs, training and conferences
• And more

Notes :

This role allows for the employee to work in a hybrid manner with some work conducted onsite at the Federal Reserve work location and some work conducted remotely.

Specific schedule details will be discussed during the recruitment process. This position is located in Dallas, Houston or San Antonio.

All candidates must be prepared to travel for periodic onsite examinations.

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 permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.

S. citizen and pursue a path to citizenship and meet other eligibility requirements. In addition, all candidates must undergo an enhanced background check and comply with all applicable information handling rules.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Job Category

Work Shift

First (United States of America)

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