Job Description:

Company

Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

SRC is responsible for the supervision and regulation of state member banks (SMBs), bank holding companies (BHCs), savings and loan holding companies (SLHCs), financial holding companies (FHCs), data service providers, trust companies and large and foreign banking organizations (LFBOs). Supervised financial organizations are located across the District and range in size and complexity from small community organizations to some of the largest banking organizations in the country.

This job description is for the Examiner Job Family and is intended primarily for positions within the Safety and Soundness (S&S) and Consumer Compliance (CC)/Community Reinvestment Act (CRA) business lines in Supervision, Regulation and Credit (SRC).

SRC has examiner positions at different levels, ranging from assistant to supervising. Each level is differentiated by requisite years of experience and examiner commissioning requirements, as well as by the degree of oversight required and discretion exercised in job performance. The levels are also differentiated by degree of complexity in the supervisory issues addressed, the duties performed, the professional skills applied and the key behavioral competencies required. Job expectations, duties and skills required at the higher levels build upon those of the lower levels.

An Associate Examiner participates as a member of a point-in-time supervisory event team primarily at small to medium sized financial organizations. The level of work is considered intermediate. The position consults with mentors and coaches on assignments as needed and may act as an on the job trainer for less experienced staff.

Examiner Job Family positions are involved in core supervision work. The key responsibilities involved in core supervision work are:

• Conducting analysis of current financial conditions and trends, and analyzing loans and other assets related to specific financial organizations and to portfolios of financial organizations;


• Assessing financial organizations’ compliance with all applicable laws and regulations; assessing consumer compliance risk management program, compliance with applicable consumer protection laws and regulations, and performance under the CRA.


• Determining the quality of financial organizations’ internal controls, audit systems, board management oversight and other risk management systems;


• Communicating findings and assessments to various stakeholders;


• Evaluating corrective actions required to bring financial organizations into compliance with safe and sound banking practices and applicable laws and regulations; and


• Developing the policies, procedures, and guidance necessary to execute core supervision responsibilities.

Principal Duties and Responsibilities :

Participates in supervisory events of SMBs, bank and non-bank subsidiaries, trust departments, service providers, BHCs and SLHCs. Identifies and assesses intermediate supervisory issues.

• Serves effectively as a member of a team to ensure the successful completion of a supervisory event, including assessment of the financial organization’s overall condition, risk management systems, compliance with applicable laws and regulations, consumer compliance risk management program, compliance with applicable consumer protection laws and regulations, and performance under the CRA.


• Aggregates data and other information from a variety of sources to complete assigned work.


• Completes assigned work within scheduled time frame; discuss conclusions with the examiner-in-charge (EIC), or other lead roles or manager.


• Prepares written analysis and propose ratings based on analysis, where applicable Exercises judgment within defined procedures and practices.

Assists in determining the adequacy of a financial organization’s risk management systems for identifying, measuring, monitoring and controlling risk in various specialty areas.

• Under general oversight, assesses a financial organization’s internal controls, including internal audit, policies, procedures, and risk monitoring systems.


• Under general oversight, assesses the level of compliance with applicable laws and regulations; assess consumer compliance risk management program, compliance with applicable consumer protection laws and regulations, and performance under the CRA. May be involved in assessing information security and cyber security risks associated with information technology operations, electronic banking activities and management information systems.


• Under general oversight, assesses the quality of management and boards of directors.


• Interprets information and review data in order to complete assigned work effectively and contribute to the overall understanding of events and circumstances.


• Gathers and organizes information, conduct thorough and accurate analyses, conduct thorough and accurate work, support findings and conclusions, make recommendations, and follow up as appropriate.

Develops and communicates findings, recommendations, ratings and supervisory actions to internal and external stakeholders for intermediate supervisory issues.

• Under general oversight, prepares and deliver focused deliverables and persuasive presentations or other correspondence to internal management and outside stakeholders.


• Responds to inquiries from internal and external stakeholders, where appropriate.


• Engages stakeholders in collecting feedback and input to complete work activities.


• Maintains management information systems, work papers and other relevant documentation.

Performs other duties as assigned.

• Completes the Examiner Commissioning Program (ECP) and pass the proficiency exam.

To be considered for this opening, please submit a resume and cover letter

We offer a great benefits package that features:

• Medical (4 options), Prescription, Dental (3 options), and Vision Insurance


• 401k/Thrift Plan with generous employer match


• Employer-funded Pension Plan


• Paid Vacation/Sick Time & Holidays


• Monthly Commuter Allowance


• Flexible Spending Accounts and Healthcare Spending Accounts


• Flexible Work Schedule available in most departments


• Tuition Reimbursement


• Parental Leave


• Onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities


• Onsite Cafeteria and Coffee Shop


• Additional convenience benefits, discounts and more…

Education and Experience:

A bachelor’s degree is required; a major in business, economics, finance, accounting, law or a related field is preferred. Minimum three years of direct or comparable banking, financial or other industry, or banking supervision experience.

Knowledge and Skills:

• Job Knowledge: possesses and applies both specific and broad-based knowledge including principles, practices and procedures of the examination specialty in completing assignments.


• Supervisory Event / Project Management: organizes and manages work in such a way that an assignment or supervisory event is completed well and within the defined scope and time constraints.


• Analytical: demonstrates intermediate analytical and problem solving skills, independent and critical thinking, and decision making abilities, where appropriate.


• Communication: exhibits strong written and oral communication skills. Under general oversight, presents both orally and in written form findings and assessments concerning non-complex supervisory matters or financial organizations to internal and external stakeholders.


• Relationship Management: demonstrates the ability to work effectively on a team. Demonstrates flexibility and the ability to make adjustments as needed.

Physical Requirements:

Ability to sit, enter data, and verify data at the Personal Computer (PC) for extended periods of time.

Other Requirements:

A requirement of this position is that the employee must be fully vaccinated against COVID-19 or qualify for an accommodation due to medical condition or sincerely held religious belief.   

Applicants must be able to provide work authorization to prove their eligibility to work in the United States.  An applicant for employment also must be a U.S. Citizen, U.S. National or  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 permanent residents must sign a declaration of intent to become a U.S. citizen when eligible to do so and pursue a path to citizenship. 

Travel including extended overnight stays is a requirement for the Examiner Job Family. Valid driver`s license required.

Background investigations including drug testing are required for all new hires as a condition of employment, after the job offer is made.   Employment may not begin until the Bank accepts the results of the background investigation.

The Federal Reserve Bank of Philadelphia believes that diversity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer seven employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.

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.

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Salary: $91,500.00

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