28 days old

Assistant Examiner I / II - Consumer Compliance

Federal Reserve Bank (FRB)
Philadelphia, PA 19107
  • Job Code
    R-0000010048

Company

Federal Reserve Bank of Philadelphia

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.

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 has examiner positions at different levels, ranging from assistant to supervising. Each level is differentiated by requisite years of experience and examiner commissioning requirements, as well as by the degree of oversight required and discretion exercised in job performance. The levels are also differentiated by degree of complexity in the supervisory issues addressed, the duties performed, the professional skills applied, and the key behavioral competencies required. Job expectations, duties and skills required at the higher levels build upon those of the lower levels.

An Assistant Examiner II participates as a member of a point-in-time supervisory event team primarily at small to medium sized financial organizations. This is a mid-level training-level position; the expectations are increased, and the level of work is considered entry- to intermediate-level. This position relies on mentors and coaches for guidance on assignments. Examiner Job Family positions are involved in core supervision work.

The key responsibilities involved in core supervision work are:

  • Conducting analysis of current financial conditions and trends, and analyzing loans and other assets related to specific financial organizations and to portfolios of financial organizations;
  • Assessing financial organizations compliance with all applicable laws and regulations; assessing financial organizations consumer compliance risk management program, compliance with applicable consumer protection laws and regulations, and performance under the CRA.
  • Determining the quality of financial organizations internal controls, audit systems, board/management oversight and other risk management systems;
  • Communicating findings and assessments to various stakeholders;
  • Evaluating corrective actions required to bring financial organizations into compliance with safe and sound banking practices and applicable laws and regulations; and
  • Developing the policies, procedures, and guidance necessary to execute core supervision responsibilities.

Principal Duties and Responsibilities:

  • Participates in supervisory events of SMBs, bank and non-bank subsidiaries, trust departments, and service providers, BHCs and SLHCs. Identifies and assesses less-complex supervisory issues arising in non-complex situations.
  • Serves effectively as a member of a team to ensure the successful completion of a supervisory event, including assessment of the financial organizations overall condition, risk management systems, compliance with applicable laws and regulations, consumer compliance risk management program, compliance with applicable consumer protection laws and regulations, and performance under the CRA.
  • Aggregates data and other information from a variety of sources to complete assigned work. Completes assigned work within scheduled time frame; discuss conclusions with the Examiner-in-Charge (EIC), other lead roles or manager.
  • Prepares written analysis and proposes ratings based on analysis, where applicable.
  • Exercises judgment within defined procedures and practices.
  • Assist in determining the adequacy of a financial organizations risk management systems for identifying, measuring, monitoring and controlling risk in various specialty areas.
  • Under close to general oversight, assesses a financial organizations internal controls, including internal audit, policies, procedures, and risk monitoring systems.
  • Under close to general oversight, assesses the level of compliance with applicable laws and regulations; assess consumer compliance risk management program, compliance with applicable consumer protection laws and regulations, and performance under the CRA.
  • Under close to general oversight, assesses the quality of management and boards of directors.
  • Interprets information and review data in order to complete assigned work effectively and contribute to the overall understanding of events and circumstances.
  • Gathers and organizes information, conducts thorough and accurate analyses, supports findings and conclusions, make recommendations, and follow up as appropriate.
  • Develops and communicates findings, recommendations, ratings and supervisory actions to internal and external stakeholders for less-complex supervisory issues.
  • Under close to general oversight, prepares and delivers focused deliverables and persuasive presentations or other correspondence to internal management and outside stakeholders.
  • Responds to routine inquiries from internal and external stakeholders, where appropriate.
  • Engage stakeholders in collecting feedback and input to complete work activities.
  • Maintain management information systems, work papers and other relevant documentation.
  • Perform other duties as assigned.
  • Complete curriculum courses in the Examiner Commissioning Program (ECP).

Subordinates: None

Scope: None

Education and Experience:

  • A bachelor`s degree is required; a major in business, economics, finance, accounting, law or a related field is preferred.
  • One to three years of direct or comparable banking, financial industry, or banking supervision experience.

Knowledge and Skills:

Job Knowledge:

  • Possesses and applies both specific and broad-based knowledge including principles, practices and procedures of the examination specialty in completing assignments.

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.

Analytical:

  • Demonstrates basic analytical and problem-solving skills, independent and critical thinking, and decision-making abilities, where appropriate.

Communication:

  • Exhibits strong written and oral communication skills. Under close oversight, presents both orally and in written form findings and assessments concerning non-complex supervisory matters or financial organizations to internal and external stakeholders.

Relationship Management:

  • Demonstrates the ability to work effectively on a team. Demonstrates flexibility and the ability to adjust as needed.

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

Must have valid driver's license.

We offer a great benefits package that features:

  • Medical (4 options), Prescription, Dental (3 options), and Vision Insurance
  • 401k/Thrift Plan with generous employer match
  • Employer-funded Pension Plan
  • Paid Vacation/Sick Time & Holidays
  • Monthly Commuter Allowance
  • Flexible Spending Accounts and Healthcare Spending Accounts
  • Flexible Work Schedule available in most departments
  • Tuition Reimbursement
  • Parental Leave
  • Free membership to onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities
  • Onsite Cafeteria & Coffee Shop
  • Additional Convenience Benefits, Discounts and More

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 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 must sign a declaration of intent to become a U.S. citizen when eligible to do so and pursue a path to citizenship.

The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer eight employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Working Families and Veterans. ERGs are open to all employees and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.

We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment.

A requirement of this position is that you will be fully vaccinated against COVID-19 or qualify for a medical or religious accommodation.

All Federal Reserve Bank of Philadelphia 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 officer if necessary. You should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.

Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as safety sensitive will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation.

All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.

The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

This is not a 100% remote opportunity. You will be available to work on-site in at least a hybrid capacity.

Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed.

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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Posted: 2022-06-01 Expires: 2022-06-30
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Assistant Examiner I / II - Consumer Compliance

Federal Reserve Bank (FRB)
Philadelphia, PA 19107

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