Examiner II​/Senior - Risk Specialist

Overview

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland’s mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems while representing the Fourth District perspectives. As part of the nation’s central bank, we are a team of mission-driven professionals who are committed to serving with excellence. Our core values are:
Build Trust Every Day, Own Our Actions, Collaborate with Intention, and Be Open to Change. For twenty-six 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. Follow us on Linked In, Twitter, Instagram, and our You Tube channel – Cleveland Fed.

Supports the Federal Reserve`s mission of financial system stability. An individual in this position is an integral member of the risk discipline and possesses advanced technical and supervisory skills. Leads and participates in large, complex, and challenging supervisory activities to determine the adequacy of consumer compliance risk management processes to identify, measure, monitor, and mitigate risks. Demonstrates advanced skills regarding bank operations and products and is able to leverage an understanding of the interplay of risks, risk drivers, and risk management to conduct critically focused supervisory assessments.

Demonstrates advanced knowledge consumer protection regulations and industry practices and leverages innovative techniques to identify and assess emerging risks. Conducts forward-looking analysis of cross firm and industry/financial system risks and developments to help drive perspectives on micro (institution specific), horizontal (industry wide/peer) and macro (financial system supervision) risks. Leads or acts in material contributor role on complex projects and develops/delivers outreach and training.

Note:

Individuals in this role either have an examiner commission or are in the process of obtaining a commission.

• Serve as examiner-in-charge or lead risk specialist on consumer compliance reviews, and related activities.
• Demonstrates sound supervisory judgment and leadership skills in organizing, deploying, and managing assigned resources when acting in an in-charge capacity.
• Identifies and assesses institution-specific and industry risk levels, key developments, and trends. Prepares informative, well supported supervisory products and work papers, and effectively communicates supervisory findings, both verbally and in writing, to the supervised banking organization's senior management and board of directors in a thoughtful and concise manner.
• Works independently or in small teams on reviews both in-District and out-of-District.
• Demonstrates expertise and agility in executing a range of assignments, including highly complex, and at firms of varying size, condition, and complexity (including larger, more complex banking organizations).
• Performs continuous financial system supervision monitoring to understand micro (institution specific), horizontal (industry wide/peer) and macro (financial system supervision) risks.
• Serves as a subject matter expert (SME) for the Bank, SCS department management, and staff regarding risk discipline.
• Maintains ongoing awareness of issues, trends, and topical areas relevant to risk discipline such as fair lending, CRA, UDAP, and consumer complaints. Provides for knowledge sharing of key and emerging risks within and across the SCS administration and System.
• Provides informed input through policy, supervisory guidance, or other contributions to enhance supervisory activities and effectiveness. Prepares written and verbal risk assessments, analytical and other products and briefings as requested. Develops and delivers written analyses and presentations on institution-specific and industry trends.
• Leads or participates on the most critical, most complex local and strategic or operational projects and initiatives intended to enhance policy,…