Senior Large Bank Examiner- Market and Liquidity Risk Management at Federal Reserve Bank (FRB) in Chicago, Illinois

Job Description:

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. 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 Federal Reserve Bank of Chicago’s (FRB-C) Large Financial Banking Organizations (LFBO) Division, which sits within the Supervision and Regulation (S&R) Department, is comprised of banking risk specialists who supervise the largest, most complex domestic and foreign banking organizations within the 7th District. Members of the Large Bank Supervision job family provide supervisory oversight through continuous monitoring and examination activity by engaging with institution executives who have a deep knowledge of their functional or risk area.

LFBO is seeking a Senior Large Bank Examiner to work within a dedicated supervisory team responsible for supervising the safety and soundness of a large complex digital banking firm. The position will be responsible for assessing market and liquidity risks at the firm. The individual will be responsible for supervisory assessments and examinations over these areas as well as participate in coordinated horizontal examinations across the Federal Reserve System. Additionally, as a member of a large bank dedicated supervisory team, the individual will participate in assessing the institution's risk management practices across other risk topics. Resource workload permitting, the individual may also be engaged in other team, department, and system initiatives.

Your Responsibilities:

• Consult and serve as an initial contact and subject matter expert for the supervised areas and maintain familiarity with relevant supervisory and industry guidance on liquidity and market risk analysis.


• Analyze and understand the firm’s market and liquidity risk profile and the firm’s effectiveness in managing the risk environment.


• Assist in developing firm risk assessments and supervisory strategies.


• Prepare and deliver clear, well-supported, and persuasive findings in formal written and verbal presentations on supervisory conclusions and relevant issues to financial institution and senior Reserve Bank management.


• Perform ongoing supervision by leading meetings with firm management and reviewing firm-submitted materials to ensure objective and timely assessment of market and liquidity risks.


• Consolidate and analyze information from multiple sources to identify industry trends and new issues. Identify the effects of these trends, both at the micro and systematic levels and propose approaches to identified issues.


• Develop and maintain an awareness of potential changes to key rules, laws and regulations, and supervisory policies.


• May lead and/or participate in other supervisory activities across the team or department.


• Build and maintain strategic working relationships and networks with both internal and external stakeholders, such as other Reserve Banks, the Board of Governors, and other domestic and federal regulatory agencies. This also includes developing relationships, while maintaining independence, with institution management to further supervisory efforts.

Your Background:

• Bachelor's degree or equivalent experience.


• Seven plus years of direct work-related experience


• Experience in Large Bank Supervision is preferred.


• Federal Reserve System Examiner Commissioning or progress towards preferred.


• Specific concentration and coursework in disciplines such as economics, statistics, accounting, finance, or business are preferred.

• Demonstrate independent and critical thinking and decision-making abilities as well as have strong written and oral communication skills.


• Possess the ability to provide guidance and constructive feedback to less experienced staff.


• Possess strong teamwork skills and the ability to build and work collaboratively within and across work teams.


• Demonstrate the ability to effectively lead and influence a team with limited oversight and resolve complex to highly complex issues in a productive and timely manner.


• Be receptive to receiving coaching, training, and mentoring, as well as giving developmental opportunities to less experienced colleagues.


• Demonstrate the ability to manage time and projects effectively by adjusting quickly to new and different priorities.

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.


• A wide range of Diversity, Equity, and Inclusion community groups as well as active employee resource groups and mentorship programs.


• Onsite gym and subsidized cafeteria.

Location:

This is a Hybrid position. Your presence will be expected at one of the 7th District offices—Chicago (preferred), Des Moines or Detroit.

Other Requirements

• Ability and willingness to travel up to 10-20%


• This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.


• 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.


• This position has additional screening requirements due to the information accessed while performing the job.  These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed.  The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.

           

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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