Examiner Assistant / Examiner Associate - Federal Reserve Bank (FRB)

Company

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is part of the nation’s central bank and we’ve provided many opportunities for professional growth during our history.

We’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Our People Make the Difference! The Federal Reserve Bank of Cleveland is seeking innovative thinkers with vision to build the framework that will carry the Bank into the future.

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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 an enhanced background check 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.

Organizational Expectations:

Supports the Federal Reserve's mission of financial system stability. Conducts examinations of community and regional financial institutions of increasing size and complexity, as well as large and complex financial institutions and some problem CBO and RBO institutions. Identifies risks through on- and off-site supervisory activities that ensure financial institutions are operating in a safe and sound manner and in compliance with banking laws and regulations. Provides coaching and mentoring to lesser- experienced examiners and contributes to strategic initiatives.

• Acts as nominee Examiner-in-Charge of small/medium and non-problematic bank holding companies and their subsidiaries and completes a written report of examination/inspection to executive management and the directorate of the supervised institutions.

• Assists the Examiner-in-Charge on increasingly complex and/or problematic bank holding companies and their subsidiaries examinations.

• Act as Asset Manager for bank examinations of varying complexities.

• Serve as Operations Manager for larger banks and bank holding companies.

• Identifies and assesses institution-specific risk levels and trends

• Completes reviews of increasingly complex functions during examinations/inspections of member banks and bank/financial and savings and loans holding companies.

• Prepares and communicates summary of findings to bank management, examiner-in-charge and other critical stakeholders (FRB management other regulatory agencies) through meetings and submission of written reports and work papers.

• Performs surveillance of selected non-problematic financial institutions, compiling documentation and reports and advising others of issues identified during the review.

• Satisfactorily completes all System and Reserve Bank CBO ECP training and OJT requirements, including passing the proficiency examination. Complete additional training as prescribed. This includes expanding one's technical skills and competencies through job responsibilities, seeking out and completing new assignments, and keeping up to date with the latest industry trends and developments.

• Evaluates prior work papers and assesses current financial institution data in conjunction with regulatory guidelines to help determine a risk-focused scope of an examination, inspection, or review.

• Maintains ongoing awareness of issues, trends and key stakeholders within the FRB Cleveland.

• Maintains relationships with key stakeholders

• Provides coaching and mentoring to less experienced examiners.

• Performs other duties as assigned or requested.

Education and Experience:

Examiner Assistant:

• Bachelor's Degree in Finance, Accounting, Mathematics, Economics or related field. No prior experience required.

Examiner Associate: ​

• Bachelor's Degree in Accounting, Finance, Mathematics, Economics, or related field.
• Examiner Associate: 3+ years of related work experience required or 1+ year as an Assistant Examiner.

Examiner I:

• Bachelor's Degree in Accounting, Finance, Mathematics, Economics, or related field.
• 5+ years of related work experience required.
• Commissioned Examiner of the Federal Reserve System

Knowledge and Skills

• Basic ability to perform independent research

• Basic knowledge of Microsoft Office

• Basic knowledge of project management

• Basic knowledge of regulations, procedures and practices of bank examination

• Intermediate problem solving and analytical

• Intermediate written and verbal communication

• Basic presentation

• Basic public speaking

• Basic specialized operational/technical skills in bank examination

• Basic strategic thinking/planning

Physical Demands and General Working Conditions

Traditional office environment: Employees typically sit most of the day, work with a computer and may answer/respond to phone calls. Physical movement consists of walking for meetings, breaks, etc. Ability to lift items weighing approximately 20 pounds on a limited basis is required. Addendum as needed: Employees may be required to travel by car/air.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

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.

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