Large Bank Examiner
Federal Reserve Bank of Atlanta
CompanyFederal Reserve Bank of RichmondWhen you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.
Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.
About The Opportunity
The Supervision, Regulation, and Credit (SRC) Department’s Large Financial Institutions Supervision (LFIS) unit has immediate openings for highly motivated professionals to join the two Dedicated Supervisory Teams (DST) supervising Truist Financial Corporation and First Citizens BancShares, Inc. In these positions, the candidates will collaborate with talented regulatory professionals within SRC and across our nation’s central bank.
Successful candidates will be an integral part of the respective DSTs, and this position will provide an opportunity to holistically assess the firm’s capital and liquidity resiliency, retail and wholesale credit risk, technology-related activities, audit, and operational resiliency. The ideal candidates will be team-spirited, enthusiastic learners, willing to take on a variety of assignments spanning all risk disciplines, and have meaningful experiences in one or more of the following areas:
- Financial/Treasury Risk
- Credit Risk Management
- Operational Resiliency
- Operational Risk Management
- Technology/Data Risk
- Enterprise Risk Management
- Corporate Governance/Audit
As a generalist examiner reporting to a Senior Manager, candidates have ongoing responsibilities for at least one risk discipline as well as supporting their teammates across their respective DST. Candidates will be asked to provide high-quality financial institution supervision through active dialogue with the firm, examinations, ongoing monitoring, horizontal activities, and special projects. In executing these responsibilities, the candidates will develop a comprehensive vertical view of the supervised firm.
What You Will Do
- Demonstrate leadership and supervisory perspective by leading and/or performing examinations, including Federal Reserve System horizontal reviews for Capital, Liquidity, and/or Governance and Controls.
- Conduct baseline/ongoing monitoring, review information and lead ongoing meetings to draw conclusions, sharing observations and emerging risks and trends. Synthesize information on the supervised firm in quarterly deliverables to escalate current and emerging risks and recommend a proposed supervisory response or activity.
- Work independently and demonstrate well-reasoned judgement in decision making and clearly communicate conclusions to senior management of the supervised firm and internal stakeholders. This includes preparing presentations for Reserve Bank management on examination conclusions, supervisory issues, emerging risks, or specific topics of interest.
- Maintain professional working relationships with stakeholders and proactively collaborate across the DST, SRC Large Bank Organization (LBO) unit, Federal Reserve System, and with other regulatory agencies to resolve issues and build consensus regarding supervisory matters.
- Participate in or lead projects, initiatives, and committees that are of strategic importance to SRC or the Federal Reserve System.
- Complete Examiner Commissioning Program (if not commissioned).
Qualifications and Skills:
- 3+ years of industry or regulatory experience. Prior Large Bank Organization (LBO) horizontal supervision assessment experience is a plus.
- Bachelor’s degree in relevant field is required. Graduate degrees, relevant professional certifications (FRM, CFA, etc.)
- Commissioned Bank Examiners are highly preferred
- Proven ability to lead and work in a team environment and focus on high quality execution.
- Self-starter with a positive attitude and strong desire to learn and coach others and exhibits flexibility to quickly change direction.
- Excellent written and verbal communication abilities with strong problem solving and analytical skills with the ability to analyze large amounts of information, enable sound decision-making and create meaningful change.
- Ability to work in a detailed manner as well as to look strategically across a function to develop connections and themes identifying risk and material concerns.
- Up to 25% travel may be required and will vary depending on the location of the successful candidate.
Other Requirements and Considerations:
- Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
- If you need assistance or an accommodation due to a disability, please notify email@example.com.
- Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.).
- 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.
- Under Conflict of Interest guidelines administered by the Board of Governors of the Federal Reserve System, examining personnel may not participate on an examination of a financial institution or affiliate if the examiner was employed by the financial institution or affiliate within the past 12 months.
- Please review Bank’s Employee Code of Conduct to ensure there are no major issues related to your previous employment and current financial interests (relevant sections are 5.3 and Appendix B, Parts I, II and III). FRB ethics rules generally prohibit employees and their immediate families from owning investments in banks, savings associations, or their holding companies (Section 5.3). Additionally, employees engaged in Supervision and Regulation may be subject to borrowing and deposit restrictions. These employees may need to recuse themselves from certain supervisory work based on:
- Their borrowing relationships (Appendix B Parts I.1, II.1 and II.2)
- If a financial institution employs a member of the employee’s immediate family (i.e. spouse, child, parent, or sibling) (Appendix B Part I.3 and Part II.3)
- If the individual was employed by the financial institution or affiliate within the past 12 months (Appendix B Part I.3 and II.3).
- In certain cases, the recusal may be so extensive it could materially reduce the effectiveness of the
- The hiring range of the Examiner – LFI – Int is $85,800 – $107,300 annually (3+ years of experience)
- The hiring range of the Examiner – LFI – Sr is $123,000 – $153,800 annually (5+ years of experience)
- The hiring range of the Examiner – LFI – Adv is $137,100 – $171,400 annually (9+ years of experience)
- Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications.
- Interested candidates are encouraged to apply by Monday February 19th, 2024. All applications will be reviewed on a rolling basis.
Full Time / Part TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)Yes
Job CategoryBank Examination
Work ShiftFirst (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.