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

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

• Bachelor`s Degree or Master`s Degree
• Examiner Commission REQUIRED* (A commission is a special type of credential that grants an examiner the authority to be an EIC - Examiner in Charge.
• Serve as an EIC
• Lead examinations on a regular basis
• Certified Regulatory Compliance Manager (CRCM) designation strongly preferred

• Examiner commission designation required or eligible to complete proficiency test within six months given you have participated in the appropriate commissioning training/program, preferably, within the last 3 years and possess specific industry experience in consumer compliance
• Relevant experience with federal regulatory agency required
• Intermediate to advanced skills in at least two disciplines: regulatory Supervision and consumer compliance matters
• Specific and broad knowledge of principles, practices and procedures in regard to those specialties (above) when completing assignments;
• Familiar with the risk-focused supervision process and the examination process for domestic banks and bank holding companies preferred
• Execute a variety of supervisory roles to support Consumer Affairs examinations.

Benefits:
Our organization offers benefits that are the best fit for you at every stage of your career:

• Fully paid Pension plan and 401k with Generous Match
• Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)
• Subsidized Public Transportation Program
• Tuition Assistance Program
• Onsite Fitness & Wellness Center
• Flexible Work Arrangements
• And more which you can find here

Please note that the 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 permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements.

In addition, all candidates must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana.

The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.