Examiner I/II/Senior - RBO (Finance)

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.

For twenty-five years in a row, 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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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.

Essential Accountabilities

• Serves as Examiner-In-Charge of community and regional financial institutions of increasing size and complexity and some problematic institutions. Participates on reviews of large complex financial institutions.
• Evaluates condition and risks in conjunction with regulatory guidelines to determine appropriate scope and objectives.
• Manages team of examiners with safety and soundness and risk specialty skills, which includes overseeing risk scoping and supervisory conclusions, and providing performance feedback.
• May be required to lead examinations in specialty risk areas such as information technology, BSA/AML, and capital planning and stress testing. Often leads examinations in areas such as corporate governance, audit, and risk management.
• Works effectively with representatives of other Regulatory Agencies and presents findings of joint examinations/inspections in clear concise manner.
• Identifies weaknesses and prepares and communicates all supervisory findings to Reserve Bank management, Federal Reserve System management, and bank senior management and boards of directors.
• Participates on examinations of community, regional, and large complex financial institutions.
• Assesses risks, internal controls, and compliance with laws and regulations. Completes assignments in alignment with departmental and System standards with minimal oversight.
• Strong ability to monitor and understand risks and trends at the institution specific level, portfolio level (across a group of firms) and of the broader financial system and financial markets. Applies such knowledge to supervisory assessments with some oversight.
• May serve as a financial institution's regulatory central point of contact or subject matter expert for all supervisory matters (including applications, enforcement, and risk specialty areas).
• Maintains ongoing awareness of issues and oversees findings from specialty or technical risk areas. Demonstrates ability to apply such understanding and incorporate into overall supervisory conclusions and ratings.
• Participates in training programs as prescribed.
• Participates or leads efforts to advance Reserve Bank or System strategic initiatives.
• Provides coaching and mentoring and performance feedback to other examiners.
• Performs other duties as assigned or requested.

Education and Experience

• Examiner I: Bachelor's Degree and 5+ years of related work experience required.
• Examiner II: Bachelor's Degree and 7+ years of related work experience required.
• Examiner Sr: Bachelor's Degree and 10+ years of related work experience
• Commission certification preferred

Knowledge and Skills Area

• Advanced ability to perform independent research
• Advanced knowledge of project management
• Advanced knowledge of regulations, procedures and practices of bank examination
• Intermediate knowledge of Microsoft Office
• Basic knowledge of budgeting
• Advanced problem solving and analytical skills
• Advanced written and verbal communication
• Advanced presentation
• Advanced specialized operational/technical skills in bank examination
• Advanced public speaking
• Intermediate strategic thinking/planning

Citizenship requirements

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.

Physical Demands and General Working Conditions            

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time. 

Reasonable Accommodation Statement - The Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. To request a reasonable accommodation for any part of the employment process, please send an email to clev.4d.benefits.specialist@clev.frb.org.

Schedule and Travel requirements

Hybrid schedule with 2-3 days in office within District (Cleveland, Cincinnati or Pittsburgh)

Travel 25-40% with some overnight

Bank's Ethics Rules and Drug Testing:

As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank's ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions.  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.

In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.  

​Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels

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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