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Consumer Compliance COMMISSION Examiner at Federal Reserve Bank (FRB) in New York City, New York

Posted in General Business 30+ days ago.

Type: Full-Time

Job Description:

Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems. It is a challenge that demands the skills of a financial service professional and the intelligence of an academic-all combined with a passion for public service.

What we do:

The Consumer Compliance Examiners conduct examinations and specialized supervisory activities at state member banks, bank holding companies, and certain U.S. branches and agencies of foreign banks to enforce federal consumer protection laws and regulations and to promote access to banking services in historically underserved markets. Examiners also investigate consumer complaints filed against state member banks. You will report to the Consumer Compliance Supervisory Policy & Strategy Manager.

Your role as Consumer Compliance Examiner:

  • Conduct supervisory activities to determine banking organizations' compliance with regulations and statutes related to consumers, including fair lending and CRA and other supervisory activities such as monitoring and completing risk assessments.

  • Evaluate and report on complex regulatory matters

  • Perform and supervise risk focused examinations, present findings, as well as prepare reports and work papers that support exam findings.

  • Communicate findings to the FRBNY and senior bank management

  • Assess compliance risk management programs and practices, internal audits and internal controls

  • Lead or participate in meetings with board and senior management of supervised institutions and develop appropriate supervisory messages related to supervisory/regulatory practices, policies, and proposals.

  • Conduct formal training on consumer compliance regulatory topics and coach less experienced staff members