Large Bank Examiner

Company

Federal Reserve Bank of Richmond

When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

About the Opportunity

Bank of America Dedicated Supervision Team – Large Bank Examiner

The Supervision, Regulation, and Credit (SRC) Department’s Large Financial Institutions Supervision (LFIS) unit has two (2) immediate openings for highly motivated professionals to join the Bank of America (BAC) Dedicated Supervision Team (DST). In this position, the candidate will collaborate with talented regulatory professionals within SRC and across our nation’s central bank, participating in the Federal Reserve System’s Large Institution Supervision Coordination Committee’s (LISCC) program.

You will be an integral part of the BAC DST, and this position will give you an opportunity to assess an evolving set of financial and/or non-financial risks in your career journey. The ideal candidate will possess broad supervisory skills across risk management practices, governance, and internal controls. The ideal candidate will be team-spirited, display range, an enthusiastic learner, willing to take on a variety of assignments and have meaningful experiences in one or more of the following areas: capital management, credit risk, interest rate risk, liquidity risk management, wealth management, capital markets, operational resilience, cybersecurity, technology and operations, payment systems, operational risk management, compliance, BSA/AML or internal audit.

You will have ongoing responsibilities for at least one component of LFI (Large Financial Institutions) rating system, including governance and controls, capital management and liquidity. You may even rotate your assignments. You will be asked to provide high-quality supervision through active dialogue with the firm, examinations, ongoing monitoring, horizontal activities, and special projects. You will actively collaborate with and support the LISCC horizontal program as well as colleagues across the System. In executing these responsibilities, you will develop a comprehensive vertical view of the supervised firm. You will report to an Assistant Vice President.

What You Will Do:

• Demonstrate leadership and supervisory perspective by leading and/or performing examinations. This exam work could be firm-specific or as part of system horizontal reviews related to Governance and Controls, Capital or Liquidity. The assignments include working independently as well as executing responsibilities as directed, reviewing submitted materials, conducting meetings with management, the production of workpapers that substantiate conclusions, reviewing workpapers, drawing conclusions, presenting findings and preparing written correspondence.  
• Conduct baseline monitoring, review information and lead ongoing meetings to draw conclusions, sharing observations and emerging risks and trends with the LISCC Program.
• Monitor and document remediation of supervisory issues and elevate issues as appropriate.
• Maintain professional working relationships with Bank of America stakeholders and proactively collaborate with LISCC colleagues internally, across the Federal Reserve System and other regulatory agencies to resolve issues and build consensus regarding supervisory matters. 
• Synthesize information on the supervised firm in quarterly deliverables to escalate current and emerging risks and recommend a proposed supervisory response or activity.
• Contribute to the preparation or refresh of supervisory plans for relevant and effective risk-based supervision factoring in the size, risk and complexity of the firm.
• Prepare presentations for Reserve Bank management on examination conclusions, supervisory issues, emerging risks, or specific topics of interest.  
• Participate in projects, initiatives, and committees that are of strategic importance to SRC or the Federal Reserve System.
• Complete the Examiner Commissioning Program (if not commissioned). 

Qualifications and Skills:

• 3+ years of regulatory experience or commensurate industry experience in audit