Lead Large Bank Examiner - Credit Risk and Financial Analysis - Federal Reserve Bank (FRB)

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 engaging with institution executives who have a deep knowledge of their functional or risk area.

LFBO is seeking a Lead Large Bank Examiner to work within a dedicated supervisory team responsible for supervising the safety and soundness of a complex and global firm. The position will be responsible for coordinating in the oversight of financial risks with an emphasis on credit risk. The individual will be responsible for supervisory assessments and examinations over these areas as well as participate in the Shared National Credits (SNCs) program, coordinated and horizontal examinations across the Federal Reserve System, as appropriate.
The level of work is considered advanced, and the qualified candidates must be able to work under minimal supervision. This position has no direct reports.

Your Responsibilities:

• Consult and serve as an initial contact and subject matter expert in relation to the firm’s financial condition and risk management framework. 
• Assist in developing firm risk assessments and supervisory strategies.
• Prepare and deliver clear, well-supported, and persuasive findings in formal written and verbal presentations on supervisory conclusions and relevant issues to financial institution and senior Reserve Bank management.
• Perform ongoing supervision by leading meetings with firm management and reviewing firm-submitted materials to ensure objective and timely assessment of risk exposure.
• Consolidate and analyze information from multiple sources to identify industry trends and new issues. Identify the effects of these trends, both at the micro and systematic levels and propose approaches to identified issues.
• Develop and maintain an awareness of potential changes to key rules, laws and regulations, and supervisory policies.
• May lead and/or participate in other supervisory activities across the team or department.
• Build and maintain strategic working relationships and networks with both internal and external stakeholders, such as other Reserve Banks, the Board of Governors, and other domestic and global regulatory agencies. This also includes developing relationships, while maintaining independence, with institution management to further supervisory efforts.

Your Background:

• Bachelor’s degree in business, finance, or related fields of study, or equivalent work experience is required; advanced degree is preferred but not required.
• Knowledge of and experience evaluating financial risks facing complex financial institutions and prudent practices for managing those risks, using applicable regulatory guidance.
• Ten years of work experienced is required. Seven or more years of experience in financial risk management, preferably in the context of large banking supervision, or comparable experience in banking, financial services, or related industries is preferred  
• Experience in monitoring and assessing the remediation of enforcement actions is preferred but not required.
• Working knowledge of large banking business lines/products, organizational structures, operations, and relevant laws and regulations, as well as experience with the Federal Reserve’s Consolidated Supervision Framework for Large Financial Institutions and LFI rating (e.g., SR 12-17 & SR 19-3) is preferred.
• An active examiner commission from a federal or state banking supervisory agency is preferred.
• Proven ability to influence at all levels of an organization, with strong analytical, problem solving, collaboration, communication (both written and verbal), and project management skills.
• Demonstrate the ability to effectively lead and influence a team with limited oversight and resolve complex to highly complex issues in a productive and timely manner.
• Be receptive to receiving coaching, training, and mentoring, as well as giving developmental opportunities to less experienced colleagues.
• Demonstrate the ability to manage time and projects effectively by adjusting quickly to new and different priorities.

What we Offer:

• The expected starting salary range for this position is between $174,500 - $206,400 annually in addition to annual performance-based discretionary bonuses. Final salary and offer are determined by the applicant’s relevant experience, skills, internal equity, and geographic and other market data.

• The Chicago Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.chicagofed.org/careers/thebenefits

• A continuous learning environment with opportunities to gain new skills and grow your career.

Location:  This is a Hybrid position which will require your presence at one of our 7th District offices (Chicago, Des Moines, 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)

Yes

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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