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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Job Description
Supports the Federal Reserve's mission of financial system stability. Conducts examinations of community, regional, and large bank holding companies and their subsidiaries. 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.
Essential AccountabilitiesServes as Examiner-In-Charge of community, regional, and 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 of 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 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.Proficient 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 the correction of supervisory findings, coordinating with appropriate risk and enforcement examiners and Reserve Bank attorneys as needed.Proficient ability to understand and apply risks and ratings.Participates in training programs as prescribed.Participates in 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 Associate:Bachelor's Degree in Finance, Accounting, Mathematics, Economics or related field and 3+ years of related work experience required or 1+ year as an Assistant ExaminerExaminer 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 preferred.Information Technology, Fiduciary, or capital markets experience is preferred (or is a plus).Knowledge and SkillsIntermediate ability to perform independent researchIntermediate knowledge of Microsoft OfficeIntermediate knowledge of project managementIntermediate knowledge of regulations, procedures and practices of bank examinationBasic knowledge of budgetingAdvanced problem solving and analyticalIntermediate written and verbal communicationIntermediate presentationAdvanced specialized operational/technical skills in bank examinationIntermediate public speakingIntermediate strategic thinking/planningPhysical 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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