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Senior Examiner/Examiner

Company: Federal Reserve Bank of Philadelphia
Location: Philadelphia
Posted on: July 15, 2019

Job Description:

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

Job Summary:

This job description is for the Examiner Job Family and is intended primarily for positions within the Safety and Soundness (S&S) and Consumer Compliance (CC)/Community Reinvestment Act (CRA) business lines in Supervision, Regulation and Credit (SRC).

SRC is responsible for the supervision and regulation of state member banks (SMBs), bank holding companies (BHCs), savings and loan holding companies (SLHCs), financial holding companies (FHCs), data service providers, trust companies and large and foreign banking organizations (LFBOs).Supervised financial organizations are located across the District and range in size and complexity from small community organizations to some of the largest banking organizations in the country.

Principal Duties and Responsibilities:

Participates as a member of a supervisory event team, as an Examiner-in-Charge (EIC) of a supervisory event, and/or as a member of a dedicated supervisory team for a specific institution or group of financial organizations. Involved in the direct supervision of financial organizations of various sizes and complexity. Conducts analyses, assesses compliance with laws and regulations, evaluates consumer compliance and CRA practices, assesses risk management systems, and communicates findings and assessments to various internal and external stakeholders, including senior bank management and boards of directors. The level of work required is generally considered complex. Maintains advanced skills in one or more disciplines.

The key responsibilities involved in core supervision work are:


  • Conducts analysis of current financial conditions and trends, and analyzing loans and other assets related to specific financial organizations and to portfolios of financial organizations;
  • ssesses financial organizations' compliance with all applicable laws and regulations; assesses financial organizations' consumer compliance risk management program, compliance with applicable consumer protection laws and regulations, and performance under the CRA.
  • Determins the quality of financial organizations' internal controls, audit systems, board/management oversight and other risk management systems;
  • Communicates findings and assessments to various stakeholders;
  • Evaluates corrective actions required to bring financial organizations into compliance with safe and sound banking practices and applicable laws and regulations; and
  • Develops the policies, procedures, and guidance necessary to execute core supervision activities.

    A Senior Examiner generally performs the duties below for complex situations and/or financial organizations and non traditional financial organizations.

    Lead sand participates in complex supervisory events of SMBs, bank and non bank subsidiaries, trust departments, service providers, and BHCs and SLHCs.

    • Serves effectively as an EIC to ensure the successful completion of a supervisory event, including the assessment of the financial organization's overall condition, risk management systems, and compliance with applicable laws and regulations.


      • Assesses financial organizations' consumer compliance risk management program, compliance with applicable consumer protection laws and regulations, and performance under the CRA.


        • Scope, organize, and control supervisory event activities; supervise assigned staff; develop institutional profiles, risk assessments, supervisory plans, and scope memoranda; prepare a comprehensive supervisory event report within a scheduled time frame; discuss conclusions with the senior management of the financial organization and, when necessary, its board of directors.


          • Provides feedback on the supervisory event; team performance when acting as EIC.


            • Serves a key role in ongoing supervision activities when assigned as dedicated EIC or similar risk specialty role.


              • Exercises independent judgment in determining objectives of and approaches to assignments, as well as determining findings and resolutions regarding organization specific and broader supervisory issues.

                Determines the adequacy of a financial organization's risk management systems for identifying, measuring, monitoring and controlling risk in various specialty areas.

                • Assesses a financial organizations internal controls, including internal audit, policies, procedures, and risk monitoring systems.


                  • Assesses financial organizations; compliance with all applicable laws and regulations; assess consumer compliance risk management program, compliance with applicable consumer protection laws and regulations, and performance under the CRA.


                    • Assesses the quality of management and boards of directors.


                      • Interprets information and review data in order to make decisions, establish priorities, and develop hypotheses to facilitate the understanding of events and circumstances, making projections to forecast trends.


                        • Gathers and organize information, conduct thorough and accurate analyses, support findings and conclusions, make recommendations and decisions, and follow up as appropriate.


                          • Assesses emerging trends and potential impact on assigned financial organization(s); develop analytical processes to monitor risk.

                            Develops and communicates findings, recommendations, ratings and supervisory actions for complex supervisory issues to internal and external stakeholders.

                            • Conducts briefings on complex and non traditional financial organizations and/or situations on a regular and ad hoc basis for internal/external stakeholders, including Board of Governors' staff.


                              • Maintains relationships with supervisory personnel at the Board of Governors' and other Reserve Banks, as well as with senior management and directors of supervised financial organizations to ensure thorough evaluation and the communication of complex supervisory event issues.

                                Performs other duties as assigned.

                                • Participates in department and System wide initiatives, including, but not limited to, working with staff from other Reserve Banks, the Board of Governors and other regulatory agencies.


                                  • Typically serves as a subject matter expert in area of expertise.


                                    • Serves as a mentor and coach, providing constructive feedback to staff at all levels.


                                      • Serves in a formal training capacity, as applicable.


                                        • Completes other special projects or tasks as assigned.

                                          Subordinates :

                                          NA

                                          Scope Measurements :

                                          NA

                                          Education and Experience:

                                          A bachelor's degree is required; a major in business, economics, finance, accounting, law or a related field is preferred. Eight or more years of direct or comparable banking, financial or other industry, or banking supervision experience. An active commission issued by the Board of Governors; of the Federal Reserve System is required.

                                          Knowledge and Skills:

                                          Job Knowledge

                                          Possesses and applies both specific and broad based knowledge including principles, practices and procedures of the field of specialization toward completing assignments.

                                          Demonstrates an advanced understanding of supervision processes as well as banking processes and products.

                                          Understands the full interplay of a financial organizations various operations and associated risk and assesses the quality of risk management systems from an enterprise wide perspective.

                                          Supervisory event / Project Management

                                          Organizes and manages work in such a way that an assignment or supervisory event is completed well and within the defined scope and time constraints, demonstrating the ability to effectively lead a team.

                                          Develops supervisory event/project plans, timelines and milestones for complex supervisory events/projects and acts to ensure plan goals are achieved.

                                          Assigns work and tasks to supervisory event/project team and coordinates completion of supervisory event/project deliverables.

                                          Analytical

                                          Demonstrates advanced analytical and problem solving skills, independent and critical thinking, and decision making abilities. Recognizes symptoms that may indicate more significant problems or issues.

                                          Communication

                                          Exhibits strong written and oral communication skills.

                                          Under little to no oversight, presents both orally and in written form findings and assessments concerning complex supervisory matters and/or financial organizations; nontraditional financial organizations to internal and external stakeholders.

                                          Assists others in their communication to achieve a consistent message, tone, style and format, as applicable.

                                          Demonstrates ability to discuss complex issues with all stakeholders.

                                          Actively engages in transferring technical knowledge.Physical Requirements:Ability to sit, enter data, and verify data at the Personal Computer (PC) for extended periods of time.

                                          Other Requirements:

                                          Applicants must be able to provide work authorization to prove their eligibility to work in the United States.

                                          An applicant for employment also must be a U.S. Citizen, U.S. National, or hold a permanent resident/green card with intent to become a U.S. Citizen.

                                          Travel including extended overnight stays is a requirement for the Examiner Job Family.

                                          Valid driver's license required.

                                          Background investigations including drug testing are required for all new hires as a condition of employment, after the job offer is made. Employment may not begin until the Bank accepts the results of the background investigation.

                                          The Federal Reserve Bank of Philadelphia believes 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 Bank of Philadelphia is proud to be an equal opportunity workplace.

Keywords: Federal Reserve Bank of Philadelphia, Philadelphia , Senior Examiner/Examiner, Accounting, Auditing , Philadelphia, Pennsylvania

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