Large Bank Examiner/Senior Examiner – Business Line Risk Specialist

Company

Federal Reserve Bank of Minneapolis

The Federal Reserve Bank of Minneapolis supports the Federal Reserve System in ensuring a safe, sound, and accessible banking system and stable financial markets through supervision and regulation of the nation's banking, financial and payments systems and through effective implementation of statutes that inform and protect the consumer. This bank also works with other federal and state agencies and regulators to promote safety and soundness in the operation of the financial industry and fair and equitable treatment of consumers in their financial transactions.

The open role will have responsibility for supporting and executing the Reserve Bank’s plan for supervising U.S. Bancorp (USB). The successful candidate for this role will actively participate in high profile risk-focused supervisory activities covering USB’s management of core business lines, primarily focused on payments and consumer banking. The candidate is expected to use the knowledge and results from supervisory activities to draw sound conclusions and support overall ratings. This includes, for example, evaluating the firm’s execution of activities in line with firm strategy, risk management, and system of internal controls. The candidate will also lead or participate on other examination activities, as determined by management.

USB, headquartered in Minneapolis, Minnesota, is a holding company with approximately $660 billion in assets. USB offers a wide array of products and services through its three primary business lines, including retail and commercial loan and deposit products, payments, and wealth/asset management and investment services.

Responsibilities:

Leads and manages supervisory events, including determining scope, rating, resource needs, and work assignments.

Drafts, reviews, organizes, verifies, and evaluates supervisory event documents prepared by self and others.

Communicates, describes, supports, and discusses findings of supervisory events with Reserve Bank and supervised institution management.

Analyzes supervised institution performance regarding laws, regulations, and regulatory policies and supports conclusions about overall status of supervised institution.

When in a leadership role on an examination, provides training, work direction, and feedback to assisting examiners.

Ensures effective supervision of assigned risk areas. The supervision includes: preparing a comprehensive and independent risk assessment; developing, documenting and implementing a supervisory strategy; following up on examination findings and enforcement actions; and conducting ongoing monitoring.

Develops and maintains productive working relationships with management at USB through regular and in-depth discussions to understand changes in strategy, issues, and challenges facing the institution.

Maintains effective communication with USB, the Board of Governors, and Reserve Bank management related to various institution developments, examination findings, changes in major product lines and in risk characteristics.

Seeks out and participates in opportunities, including assisting with System or Reserve Bank special projects.

Safeguards equipment, sensitive data, and resources according to the SRC Information Security and Data Handling Handbook.

Handles records in accordance with the System Records Retention Manual compliance plan.

Performs other duties as assigned.

Qualifications:

Bachelor's degree in a related field.

Examiner: At least 4 years of financial services, banking regulations, examinations, and/or expertise in a financial services or other relevant specialty.

Senior Examiner: Substantial related experience (6 years) in financial services, banking regulations, examinations, and/or a high level of expertise in a financial services or other relevant specialty.

Strong written, verbal, and interpersonal communication skills.

Strong analytical skills and detail-orientation.

Ability to travel up to 15%.

Valid driver’s license with acceptable driving record.

Eligible to obtain Examiner or Special Examiner credentials. An acceptable statement of financial interest is required.

Commissioned examiner with experience in large financial institution credit risk management preferred. In lieu of examiner commissioning, specialized expertise in financial services with an emphasis on large financial institution credit risk management.

The Board of Governors of the Federal Reserve System mandates individuals authorized to access banking supervision and regulation Confidential Supervisory Information (CSI) must be "Protected Individuals", which covers two c