Job Information
Federal Reserve System CRSB Examiner-CBO in Chicago, Illinois
Company
Federal Reserve Bank of Chicago
The Federal Reserve Bank of Chicago is one of 12 regional reserve banks in the United States, along with the Federal Reserve Board of Governors in Washington, D.C., which make up the nation's central bank. The Bank is committed to adhering to a culture of excellence, respect, integrity, and responsibility.
As part of its core mission, the Supervision & Regulation (S&R) Department of the Federal Reserve Bank of Chicago is responsible for supervising and regulating state-chartered banks that are members of the Federal Reserve System, bank holding companies, and financial holding companies. Organizations within the boundaries of the Seventh District are located within Illinois, Indiana, Michigan, Wisconsin, and Iowa. S&R plays a critical role in The Federal Reserve Bank of Chicago's core mission, supervising regulating state-chartered banks that are members of the Federal Reserve System, bank holding companies, financial holding companies and savings and loan holding companies. Our duty is to foster the stability, integrity, and efficiency of the nation's monetary, financial and payment systems to promote optimal economic performance.
This position is under the Safety and Soundness examinations of Community Banks for institutions under $10 billion in assets. The Community, Regional & Specialty Bank (CRSB) Supervision family provides supervisory oversight for financial institutions of varying complexities that have a close relationship with the communities they serve. Members of the CRSB job family generally conduct full scope or target examination and inspections of CRSB firms by working with different teams and staff across the department and through interaction with institution executives with broad responsibilities.
The CRSB Examiner uses knowledge to lead and serve as Examiner-In-Charge (EIC) or a member of a full scope point-in-time examination/inspection team. The level of work is generally considered intermediate, and staff must be able to work under general supervision. This position has no direct reports.
Your Responsibilities
Participate and serve effectively as an Examiner-In-Charge (EIC) to ensure the successful completion of an examination or inspection including the assessment of the institution’s overall condition, risk management systems, and compliance with applicable laws and regulations; perform continuous monitoring
Create and provide focused and value-added reports, documents, and other correspondence to internal and external stakeholders
Develop and present supervisory recommendations and responses to resolve moderately complex issues
Develop and lead examination and project plans, timelines, and milestones for basic and moderately complex examinations
Develop relationships within the team, division, and department
Provide guidance, training, and constructive feedback to less experienced staff; provide feedback on the examinations team’s performance when acting as EIC of an examination
Your Background
Bachelor's degree or equivalent experience
Four plus years of direct work-related experience
Commission preferred; if you are not commissioned, you will be required to go through the Examiner Commissioning Program (ECP) and become commissioned
Applicants must be a U.S. Citizen or hold a green card with the intent to become a U.S. Citizen
Demonstrate the ability to understand and execute risk focused supervision and process
Demonstrate the ability to apply knowledge in completing assignments
Demonstrate intermediate to advanced analytical and problem-solving skills
Demonstrate independent and critical thinking and decision-making abilities as well as have solid written and oral communication abilities
Possess the ability to provide guidance and constructive feedback to less experienced staff and peers
Possess strong teamwork skills and the ability to build and work collaboratively within and across work teams
Demonstrate the ability to manage time and projects effectively by adjusting quickly to new and different priorities
Demonstrate aptitude to leverage relevant technology and software applications
Possesses general business acumen
What We Offer
Comprehensive benefits package, including medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off and transit benefit.
A continuous learning environment with opportunities to gain new skills and grow your career.
Onsite gym and subsidized cafeteria
Location
This position is considered hybrid, which means your presence will be required at one of the 7th District Locations.
We are hiring for the following locations:
Chicago
Des Moines
Detroit
Other Requirements:
Ability and willingness to travel 25%
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 applicable background checks 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.
As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank’s ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. 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, who can provide you contact information for our ethics official if necessary
We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status
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.
Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)
OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.
OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.
Why Our People Choose Us:
Our reputation precedes us
There will always be room for personal growth
Our people are first
You’ll find the right balance
Your responsibilities will be meaningful
We hope that you will be our future colleague.