Lead Large Bank Examiner- Governance and Controls/Audit Risk Analysis, Supervision and Regulation

Company

Federal Reserve Bank of Chicago

The Large Financial Banking Organizations (LFBO) Division within the Supervision and Regulation (S&R) Department of The Federal Reserve Bank of 
Chicago is seeking candidates for a position focusing on the assessment of non-financial risks within a large and complex financial institution.

The qualified candidate will work closely with team members and other stakeholders to evaluate the effectiveness of the firm’s consolidated risk management governance and controls framework across the three lines of defense in addition to the effectiveness of firms audit program.  The individual will lead the assessment through ongoing continuous monitoring activities and examinations over corporate governance, enterprise risk management, internal controls, and audit functions, that supports the identification, measurement, assessment, and control of the full spectrum of risks.

Additionally, as a member of a large bank dedicated supervisory team, the candidate will participate in assessing risk management practices of the firm across other risk topics.  Depending on needs, the candidate may also be engaged to lead or support other team, department, and system initiatives.
 
The level of work is considered advanced, and the qualified candidate must be able to work under minimal supervision.  This position has no direct reports.

Your Responsibilities:

• Consults and serves as an initial contact and subject matter expert for the supervised areas

• Reviews the firm’s business model and understands the relevant supervisory expectations and requirements the firm is subject to, and interprets how those requirements impact the organization’s related processes and risk management practices

• Leads and/or participates in supervisory activities in relation to firm’s Governance and Control processes and peer institutions as appropriate.  This may include horizontal assessments of related advanced risk management practices across the Seventh District and the System

• Leads and facilitates the incorporation of the team’s analysis across different risk stripes/lines of business into a holistic assessment of the firm’s overarching Governance and Control environment

• Prepares and delivers clear and persuasive findings in executive summaries and reports, project proposals and analysis on the firm’s related processes, formal written and verbal presentations on supervisory conclusions and relevant issues to both financial institution and senior Reserve Bank management

• Performs ongoing supervision through meeting with firm management and reviewing firm submitted materials to ensure objective and timely assessments

• Establishes collaborative and strategic working relationships and networks with internal and external stakeholders, such as other Reserve Banks, the Board of Governors and other regulatory agencies

• Maintains an understanding of key risk management perspectives from other regulatory agencies that impact the supervised areas, and holistically integrates other regulatory perspectives to help inform the team’s supervisory assessment.

• Proactively serves as a mentor and/or coach; advises others, identifies training of less experienced staff members and provides guidance, training and constructive feedback to all levels of staff and management

Your Background:

• Bachelor's degree or equivalent experience

• Ten plus years of direct work-related experience

• Experience in Large Bank Supervision is preferred

• Demonstrates advanced independent thinking, critical analysis and decision-making abilities

• Advanced written and oral communication skills

• Possesses strong teamwork skills and the ability to build and work inclusively and collaboratively within and across work teams, as well as with individuals from external organizations

• Demonstrates the ability to effectively lead and influence a team with limited oversight and resolve complex to highly complex issues in a productive and timely manner

• Demonstrates the ability to manage time and projects effectively by adjusting quickly to new and different priorities

• Possesses a general business acumen

• Federal Reserve System Examiner Commissioning or progress towards preferred

What we offer:

• Comprehensive benefits package, including medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, and transit benefit.

• A continuous learning environment with opportunities to gain new skills and grow your career.

• A wide range of Diversity, Equity, and Inclusion c