Federal Reserve Bank
Examiner I / II / Senior - CBO
Federal Reserve Bank, Cleveland, Ohio, us, 44101
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.
Follow us on LinkedIn, X, Instagram, and our YouTube channel – Cleveland Fed
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.
Supports the Federal Reserve's mission of financial system stability. Conducts examinations of complex or problematic community and regional financial institutions, as well as large and complex financial institutions and 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 and/or leads strategic initiatives.
General Responsibilities:
Serves as Examiner-In-Charge of complex or problematic community and regional financial institutions with no oversight. Participates on reviews of large complex financial institutions with minimal oversight.
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 participate in or lead examinations in specialty risk areas such as information technology, capital planning and stress testing, and BSA/AML. Often leads examinations in areas such as audit, risk management, and corporate governance.
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 with no oversight.
Advanced 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 minimal oversight.
Serves as a financial institution's regulatory central point of contact or subject matter expert for all supervisory matters (including applications and enforcement actions).
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.
Provides coaching and mentoring and performance feedback to examiners and leads or participates in projects or committees that contribute to Bank/SCS/System strategic initiatives.
Performs other duties as assigned or requested.
Education and Experience:
Bachelor's Degree in Accounting, Finance, Mathematics, Economics, or related field.
Examiner I: 5+ years of related work experience required.
Examiner II: 7+ years of related work experience required.
Examiner Senior: 10+ years of related work experience required.
Commissioned Examiner of the Federal Reserve System preferred.
Knowledge and Skills
Expert ability to perform independent research.
Advanced knowledge of project management
Expert knowledge of regulations, procedures, and practices of bank examination
Intermediate knowledge of Microsoft Office
Intermediate knowledge of budgeting
Expert problem solving and analytical skills.
Expert written and verbal communication.
Expert public speaking
Expert specialized operational/technical skills in bank examination.
Advanced presentation
Advanced strategic thinking/planning
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.
Travel
Job may require overnight travel <25%, location dependent
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-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.
Follow us on LinkedIn, X, Instagram, and our YouTube channel – Cleveland Fed
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.
Supports the Federal Reserve's mission of financial system stability. Conducts examinations of complex or problematic community and regional financial institutions, as well as large and complex financial institutions and 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 and/or leads strategic initiatives.
General Responsibilities:
Serves as Examiner-In-Charge of complex or problematic community and regional financial institutions with no oversight. Participates on reviews of large complex financial institutions with minimal oversight.
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 participate in or lead examinations in specialty risk areas such as information technology, capital planning and stress testing, and BSA/AML. Often leads examinations in areas such as audit, risk management, and corporate governance.
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 with no oversight.
Advanced 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 minimal oversight.
Serves as a financial institution's regulatory central point of contact or subject matter expert for all supervisory matters (including applications and enforcement actions).
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.
Provides coaching and mentoring and performance feedback to examiners and leads or participates in projects or committees that contribute to Bank/SCS/System strategic initiatives.
Performs other duties as assigned or requested.
Education and Experience:
Bachelor's Degree in Accounting, Finance, Mathematics, Economics, or related field.
Examiner I: 5+ years of related work experience required.
Examiner II: 7+ years of related work experience required.
Examiner Senior: 10+ years of related work experience required.
Commissioned Examiner of the Federal Reserve System preferred.
Knowledge and Skills
Expert ability to perform independent research.
Advanced knowledge of project management
Expert knowledge of regulations, procedures, and practices of bank examination
Intermediate knowledge of Microsoft Office
Intermediate knowledge of budgeting
Expert problem solving and analytical skills.
Expert written and verbal communication.
Expert public speaking
Expert specialized operational/technical skills in bank examination.
Advanced presentation
Advanced strategic thinking/planning
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.
Travel
Job may require overnight travel <25%, location dependent
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)