Federal Reserve Bank
Examiner I/II/Senior - LBO
Federal Reserve Bank, Cincinnati, Ohio, United States, 45208
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-three 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.
Follow us on LinkedIn, X, Instagram, and our YouTube channel – Cleveland Fed
This position supports the Federal Reserve's mission of financial system stability. Executes the supervisory program for firms with total consolidated assets of $100 billion or more. Conducts forward looking assessments of firms’ resiliency through a range of conditions. Evaluates the effectiveness of risk management and controls across the major business lines, independent risk management, and internal audit. Identifies risks through horizontal and firm-specific examinations and monitoring activities that ensure financial institutions are operating in a safe and sound manner and in compliance with banking laws and regulations. Communicates examination results and supervisory assessments to firm, Reserve Bank, and Federal Reserve System leadership, and/or other regulators.
General Responsibilities:
Lead or contribute to examinations in areas such as enterprise risk management, internal control functions, internal audit, operational risk, capital and liquidity planning. Identify, assess, and articulate weaknesses and associated risks to various stakeholders (i.e., firm, Reserve Bank, and Federal Reserve System leadership, and/or other regulators).
Serve as Examiner-In-Charge (EIC) for reviews of large financial institutions and complex assignments. When serving as EIC, demonstrate effective leadership in the planning and execution of reviews, including effective coordination and oversight of a team of examiners and ability to provide critical performance feedback.
Monitor and understand interconnectedness of risks and trends at the specific institution, across a group of firms, and at the broader financial system to incorporate in supervisory assessments, conclusions, ratings, and examination plans.
Prepare clear and concise written analysis and other supervisory work products incorporating micro and macro risks and trends.
Provide coaching and mentoring to other examiners with less experience.
Demonstrate self-awareness and accountability in career development.
Lead or participate in projects or committees that contribute to strategic initiatives and organizational culture.
Performs other duties as assigned or requested.
Education and Experience:
Bachelor’s Degree in Business Management, Accounting, Finance, Economics or related fields.
Experience in enterprise risk management, internal controls, internal audit, operational risk and/or related areas preferred.
Commissioned Examiner of Federal or State banking regulatory agencies preferred.
Examiner I:
5+ years of related work experience required. Candidates should demonstrate intermediate level of competency for the knowledge and skill items listed below.
Examiner II:
7+ years of related work experience required. Candidates should demonstrate proficient level of competency for the knowledge and skills listed below.
Examiner Senior:
10+ years of related work experience required. Candidates should demonstrate advanced level of competency for the knowledge and skills listed below.
Knowledge and Skills
Demonstrated competency in the following areas:
Knowledge of regulations, guidance, procedures, and practices applicable to firms over $100 billion total consolidated assets.
Knowledge of large banking organization finances, strategy, operations, and risk management practices.
Decision quality supported by performing independent research and problem solving utilizing analytical tools/processes while managing through ambiguity.
Succinct written and verbal communications, including presentations. Ability to communicate effectively throughout different levels of the firm or Federal Reserve
Ability to collaborate well with others and value different perspectives.
Ability to demonstrate sound time management, action oriented, and accountability.
Other 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.
Must be willing to travel by car/air up to 5% of the time if living in the Cincinnati, Ohio area or up to 20% if residing in other communities within Federal Reserve System’s Fourth District. Travel requirements are balanced with a flexible schedule and hybrid work arrangements.
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 (https://rb.wd5.myworkdayjobs.com/FRS?hiringCompany=7186c32a743f011afe26afcaaf01190c)
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.
Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)
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-three 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.
Follow us on LinkedIn, X, Instagram, and our YouTube channel – Cleveland Fed
This position supports the Federal Reserve's mission of financial system stability. Executes the supervisory program for firms with total consolidated assets of $100 billion or more. Conducts forward looking assessments of firms’ resiliency through a range of conditions. Evaluates the effectiveness of risk management and controls across the major business lines, independent risk management, and internal audit. Identifies risks through horizontal and firm-specific examinations and monitoring activities that ensure financial institutions are operating in a safe and sound manner and in compliance with banking laws and regulations. Communicates examination results and supervisory assessments to firm, Reserve Bank, and Federal Reserve System leadership, and/or other regulators.
General Responsibilities:
Lead or contribute to examinations in areas such as enterprise risk management, internal control functions, internal audit, operational risk, capital and liquidity planning. Identify, assess, and articulate weaknesses and associated risks to various stakeholders (i.e., firm, Reserve Bank, and Federal Reserve System leadership, and/or other regulators).
Serve as Examiner-In-Charge (EIC) for reviews of large financial institutions and complex assignments. When serving as EIC, demonstrate effective leadership in the planning and execution of reviews, including effective coordination and oversight of a team of examiners and ability to provide critical performance feedback.
Monitor and understand interconnectedness of risks and trends at the specific institution, across a group of firms, and at the broader financial system to incorporate in supervisory assessments, conclusions, ratings, and examination plans.
Prepare clear and concise written analysis and other supervisory work products incorporating micro and macro risks and trends.
Provide coaching and mentoring to other examiners with less experience.
Demonstrate self-awareness and accountability in career development.
Lead or participate in projects or committees that contribute to strategic initiatives and organizational culture.
Performs other duties as assigned or requested.
Education and Experience:
Bachelor’s Degree in Business Management, Accounting, Finance, Economics or related fields.
Experience in enterprise risk management, internal controls, internal audit, operational risk and/or related areas preferred.
Commissioned Examiner of Federal or State banking regulatory agencies preferred.
Examiner I:
5+ years of related work experience required. Candidates should demonstrate intermediate level of competency for the knowledge and skill items listed below.
Examiner II:
7+ years of related work experience required. Candidates should demonstrate proficient level of competency for the knowledge and skills listed below.
Examiner Senior:
10+ years of related work experience required. Candidates should demonstrate advanced level of competency for the knowledge and skills listed below.
Knowledge and Skills
Demonstrated competency in the following areas:
Knowledge of regulations, guidance, procedures, and practices applicable to firms over $100 billion total consolidated assets.
Knowledge of large banking organization finances, strategy, operations, and risk management practices.
Decision quality supported by performing independent research and problem solving utilizing analytical tools/processes while managing through ambiguity.
Succinct written and verbal communications, including presentations. Ability to communicate effectively throughout different levels of the firm or Federal Reserve
Ability to collaborate well with others and value different perspectives.
Ability to demonstrate sound time management, action oriented, and accountability.
Other 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.
Must be willing to travel by car/air up to 5% of the time if living in the Cincinnati, Ohio area or up to 20% if residing in other communities within Federal Reserve System’s Fourth District. Travel requirements are balanced with a flexible schedule and hybrid work arrangements.
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 (https://rb.wd5.myworkdayjobs.com/FRS?hiringCompany=7186c32a743f011afe26afcaaf01190c)
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.
Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)