Company

Federal Reserve Bank of New YorkWorking at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.

The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.

What we do:

The Supervision Group of the Federal Reserve Bank of New York (FRBNY) supervises banks in the Second District. The objectives of supervision are to:

• Evaluate and promote the overall safety and soundness of supervised institutions

• Ensure supervised institutions’ compliance with relevant laws and regulations, including consumer protection

• Facilitate the stability of the financial system of the United States

• Support the growth and stability of the U.S. economy

Supervision is carried out through a combination of methods, including on-site and off-site examinations involving staff dedicated to the supervision of an individual firm and other professionals focused on analytical, policy and risk matters. Supervision is coordinated with other US agencies.

The Consumer Compliance function is responsible for supervisory oversight of consumer protection laws across all portfolios (small, mid-range and large institutions) and evaluates consumer compliance activities at Federal Reserve-supervised financial institutions within the Second District, including both bank holding companies and state member banks. This responsibility encompasses an understanding of and assessment of each firm’s and/or bank’s consumer protection compliance management systems, as well as compliance with specific consumer protection laws and regulations at state member banks, including Fair Lending laws, the Community Reinvestment Act (CRA), and Unfair or Deceptive Acts or Practices.

Your role as the Quality Management Supervising Examiner:

As the Community Reinvestment Act (CRA) QC Supervising Examiner in our Operations team, you will assess the compliance of supervisory processes and products against Federal Reserve System and FRBNY guidance.

Core responsibilities include:

• Execute the Quality Control Framework to promote quality and integrity of all key components of the supervisory process.

• Ensure consistent application of System and FRBNY operating standards primarily through the review of supervisory products, training and creation of job aids.

• Ensure QC activities are performed in accordance with the Group and CC Quality Control Policy.

• Analyze results of QC reviews and report key themes and areas for improvement to leadership, staff and various stakeholders, and provide training where needed.

• Provide guidance and direction to both leadership and staff for needed supervisory workpaper quality improvements.

• Develop collaborative relationships with leadership and staff, and other stakeholders to ensure understanding and compliance with procedures and standards.

• Maintain thorough knowledge of System and FRBNY supervisory processes, procedures, systems, and standards.

• Assist in the development of quality control workprograms/requirements and operating procedures, where necessary.

• Provide assistance for horizontal reviews, as needed.

What we are looking for:

• CRA and/or Consumer Compliance examiner commission preferred.

• Exceptional critical thinking skills with the ability to provide detailed reviews, as well as broad comprehensive reviews to meet quality control standards.

• Exceptional writing skills.

• Strong organizational skills.

• Solid leadership skills to coach exam staff and lead initiatives to continually improve supervisory work products.

• Proven team player with the ability to build collaborative relationships.

• Strong ability to state supervisory concerns and key messages to various stakeholders.

• Agility to function effectively and independently in a dynamic work environment.

• Ability to engage in changing responsibilities, work processes, and assignments.

Salary Range: $192300 - $229300 / year

We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.

Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Supervisory/Management

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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