Full-Time

Examiner/Risk Specialist

Consumer Affairs

Posted on 10/30/2024

The Federal Reserve System

The Federal Reserve System

1,001-5,000 employees

Central bank managing U.S. monetary policy

Fintech
Financial Services

Senior

No H1B Sponsorship

Dallas, TX, USA

Hybrid role requiring onsite presence at the Federal Reserve Bank of Dallas.

Category
Risk Management
Finance & Banking
Requirements
  • Bachelor's degree or at least 7 years of banking or banking regulatory agency.
  • Examiner commissioning from a regulatory agency and/or related professional certifications (e.g., CRCM, CCBCO, CIA, CRP, CISA) preferred.
  • Ability to work in Microsoft Office Suite.
  • Strong analytical, problem solving, communication, interpersonal, and leadership skills.
  • Ability to provide constructive performance feedback and direction to staff.
  • Capacity to identify and pursue multiple initiatives simultaneously and to deliver sound results.
  • Initiative, follow through on directions with minimal supervision, and ability to recognize situations where deviations from original direction is appropriate.
Responsibilities
  • Provide enhanced leadership of supervisory activities of complex and non-complex financial institutions and participate in and often lead significant areas of financial institution reviews, with little or no oversight.
  • Proactively identify and analyze risks through supervision and monitoring activities, to ensure financial institutions are operating in a safe and sound manner and complying with applicable laws and regulations.
  • Lead meetings with institution management and board of directors, as well as RB management and Board of Governors staff.
  • Build and maintain effective working relationships with team members, peers, the RB, the Federal Reserve System (FRS) and representatives from financial institutions and other regulatory agencies.
  • Ensure high quality and timely completion of required supervisory work products in accordance with established policies/procedures and supervisory requirements/guidance.
  • Prepare written reports of findings and analyze compliance with supervisory actions where applicable.
  • Possess or develop in-depth expertise in one or more risk areas or topics, such as Community Reinvestment Act, Fair Lending, Unfair or Deceptive Acts or Practices, fintech, etc.
  • Contribute to various FRS, RB and departmental initiatives by participating in or leading committees, working groups, and training activities.
  • Travel up to 25% for supervisory, training, and working groups/committees’ activities.
The Federal Reserve System

The Federal Reserve System

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The Federal Reserve System serves as the central bank of the United States, playing a crucial role in shaping the nation's economy and ensuring financial stability. It formulates national monetary policy, which involves managing interest rates and money supply to promote economic growth and control inflation. The Federal Reserve also supervises and regulates banks and bank holding companies to maintain a safe and sound banking system. Additionally, it provides financial services to banks and the U.S. government, acting as a bank for banks. What sets the Federal Reserve apart from other financial institutions is its unique position as a government entity that operates independently to achieve its economic goals. The primary goal of the Federal Reserve is to foster a healthy economy and a stable financial system, which ultimately benefits the public.

Company Stage

N/A

Total Funding

N/A

Headquarters

null, null

Founded

1913

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • FedNow system enhances operational efficiency and customer satisfaction.
  • Successful 2024 bank stress tests bolster confidence in regulatory frameworks.
  • Proactive regulatory enforcement enhances reputation as a regulatory authority.

What critics are saying

  • Increased regulatory scrutiny may affect reputation and operational focus.
  • Basel III Endgame may lead to pushback from financial institutions.
  • Slow FedNow adoption could hinder payment ecosystem modernization.

What makes The Federal Reserve System unique

  • The Federal Reserve is the central bank of the United States.
  • It plays a crucial role in formulating national monetary policy.
  • The Fed supervises and regulates banks and bank holding companies.

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