Supervisory Examiner - LBO (KeyCorp)

Company

Federal Reserve Bank of Cleveland

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This position supports the Federal Reserve's mission of financial system stability, and is accountable for the supervision of KeyCorp, headquartered in Cleveland, Ohio, a financial holding company with over $100 billion in assets. 

The Central Point of Contact (CPC) develops and ensures high-quality execution of the supervisory plan for the firm; conducts ongoing assessments of the firm’s financial and operational resiliency through a range of conditions; evaluates compliance and control environment adequacy across the entity; communicates supervisory assessments to a variety of internal and external stakeholders; and assigns and maintains appropriate supervisory ratings. 

The CPC also obtains and analyzes information and trends on the financial services industry and incorporates peer institution perspective into the supervision of the firm.  In addition, the CPC participates in horizontal reviews and monitoring activities to understand and promote safe and sound operations and compliance with banking laws and regulations.  Finally, the CPC manages a team of examiners dedicated to supervising the firm and provides oversight and leadership to risk specialists that support the execution of the supervisory plan.

An individual may serve as a CPC assigned to a specific financial institution for up to five years.

Essential Accountabilities

• Demonstrates sound supervisory judgment and proficiency to develop and implement an effective supervisory plan that focuses on assessments of operational and financial resiliency.  This includes adapting the supervisory approach as needed to reflect changes in the firm’s risk profile, System risk priorities, and external environment.

• Demonstrates learning agility and ability to effectively manage through ambiguity when faced with new/evolving supervisory topics and regulations or supervisory issues/situations that do not have clear solutions or outcomes.

• Ensures timely identification and communication of firm-specific and macro-prudential supervisory risks and issues, including for broad and highly complex subjects such as capital planning, liquidity, cybersecurity, model risk management, and corporate governance.

• Coordinates supervisory activities with Federal Reserve System horizontal reviews and other regulators, as appropriate.  This includes effective risk prioritization, identification of resource requirements, the integration of multiple risk disciplines, and ensuring that supervisory products reflect and deliver an accurate view of the organizational issues.

• Establishes and maintains strong lines of communication with a variety of internal and external stakeholders.

• Maintains knowledge of emerging issues, trends, banking and economic conditions, and ongoing developments in the large bank supervision community, as well as a strong understanding of industry risk management practices.

• Manages a core team of examiners assigned to the supervision of the firm. This includes evaluating the appropriateness of their supervisory work products and assessments; providing coaching, mentoring, and performance feedback; and providing opportunities for professional development.  This also includes providing oversight and direction to assigned risk specialists reporting through a separate management structure. 

• Attracts, develops, and retains professional staff with diverse capabilities and backgrounds, and develops successors for key roles.

• Leads or provides significant influence on System, Reserve Bank, or functional initiatives, committees, and projects.

• Performs other duties as assigned or requested.

Education and Experience

• Commissioned Examiner of Federal or State banking regulatory agencies.

• Bachelor’s degree in business management, accounting, finance, economics