Job Description:

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.

Follow us on LinkedIn, Twitter, 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.

Job Description

An exciting opportunity exists at the Federal Reserve Bank of Cleveland to serve as a member of the Large Banking Organization supervision team.  The individual will be assigned to a team, where the successful candidate will work with experienced staff responsible for supervising a large banking organization (with total consolidated assets of $100 billion or more) in Pittsburgh, Pennsylvania.  As part of the role, the individual will be responsible for (1) identifying risks, evaluating compliance with banking laws and regulations, and conducting forward-looking assessments through horizontal and firm-specific reviews and monitoring activities (focused on financial and operational resiliency of the supervised firm); (2) assessing the supervised firm’s nonbank activities and coordinating with other regulatory agencies; and (3) communicating review results and supervisory assessments to Bank management, Reserve Bank Leadership, Federal Reserve System Leadership, and/or other regulators.  A background in credit risk management is preferred, but not required.  

General Responsibilities:

• Lead or contribute to examinations in areas such as credit risk (e.g. Shared National Credit’s, Capital Leasing) capital and liquidity planning and positions, management of core business lines, corporate governance, independent risk management, internal audit, operational risk, or internal control functions. Identifies, assesses, and articulates weaknesses and associated risks to various stakeholders (i.e. Reserve Bank management, Federal Reserve System management, and bank senior management and boards of directors).




• Serve as Examiner-In-Charge (EIC) of large financial institutions and 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.




• Prepare clear and concise written analysis and other supervisory work products incorporating micro and macro risks and trends.




• Provide coaching and mentoring to lesser- experienced examiners.




• Lead or participate in projects or committees that contribute to strategic initiatives.




• Performs other duties as assigned or requested.

Education and Experience:

• Examiner II: Bachelor's Degree in Business Management, Accounting, Finance, Mathematics, Economics, or related field and 7+ years of related work experience required.




• Examiner Senior: Bachelor's Degree in Business Management, Accounting, Finance, Mathematics, Economics, or related field and 10+ years of related work experience required.




• Commissioned Examiner of Federal or State banking regulatory agencies preferred.

Knowledge and Skills

• Knowledge of regulations, guidance, procedures, and practices applicable to firms over $100 billion total consolidated assets.




• Knowledge of large bank finances, operational risk management, enterprise risk management, and/or model risk management practices preferred.




• Advanced learning agility and ability to effectively manage through ambiguity.




• Advanced written and verbal communications, including presentation.




• Advanced ability to perform independent research and utilize analytical tools.




• Advanced knowledge of project management




• Advanced decision quality, problem solving, and analytical.




• Advanced collaboration




• Advanced demonstration of self-awareness/development




• Advanced optimization of business processes




• Advanced accountability




• Advanced demonstration of valuing different perspectives




• Advanced action oriented

Physical 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. Employees may be required to travel by car/air.

“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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