CRSB Examiner Consumer Compliance Reviewer at Federal Reserve Bank (FRB) in Chicago, Illinois

Job Description:

Company

Federal Reserve Bank of Chicago

Supervision and Regulation (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.

The CRSB Examiner Consumer Compliance Reviewer reviews Consumer Compliance and Community Reinvestment Act (CRA) reports and workpapers and discusses findings and conclusions with Compliance Division Management and examination staff. The individual collaborates with Division stakeholders to develop, implement, and analyze compliance risk identification metrics. The individual may serve as an instructor and may provide input on training, goal development and guidance to staff. The level of work required is considered intermediate to advanced, and staff must be able to work under general supervision. This job does not have any direct report and report to the Supervision Manager.

Your Responsibilities

• Review and determine the adequacy and consistency of written reports and supporting workpapers


• Develop formal feedback and recommend corrective action for identified issues


• Interpret information and review data to develop hypotheses to facilitate the understanding of events as well as makes projections to forecast trends


• Provide focused and value-added reports and other correspondence to Division Management and staff


• Develop and maintain ongoing relationships with supervisory personnel at the Board and Reserve Banks to ensure consistent and thorough communication of examination and supervisory issues to banks


• Participate in departmental and system-wide initiatives, including, but not limited to, working with staff from other Reserve Banks, the Board of Governors, and other regulatory agencies. Completes other special projects as assigned


• Plan, direct and coordinate report review, and special projects that most effectively use available resources


• Gather and organize information, derives sound analysis, conducts thorough and accurate work, support findings and conclusions, make recommendations and decisions, and follow-up, as appropriate


• Prepare and deliver persuasive presentations, including aggregate report review findings to management and staff


• Periodically assist or serve as Examiner in Charge (EIC) for compliance and Community Reinvestment Act (CRA) examinations


• Lead special projects within the Unit and participates on special projects within the Department


• Assist in organization of presentations and roundtables on banking issues.


• Work collaboratively with supervisory team members to ensure applicability and usability of analytical products.

Your Background

• Bachelor's degree or equivalent work experience


• Four plus years of direct related work experience


• Experience in the consumer compliance discipline, including training and reviewing work of others preferred


• Examiner Commission preferred


• Demonstrate independent thinking and decision-making abilities


• Demonstrate strong written and oral communication abilities


• Possess and apply both specific and broad knowledge of principles, practices, and procedures of the field of specialization to the completion of assignments

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. Your presence will be required at one of the 7th District offices- Chicago, Detroit, or Des Moines

Other Requirements

• Ability and willingness to travel up to 5%


• All Federal Reserve Bank of Chicago employees must be fully vaccinated against COVID-19, and receive a booster shot within 30 days of being eligible to do so, unless the Bank grants an accommodation based on medical condition or sincerely held religious belief.


• 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.

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