Examiner I/ II / Senior - RBO/CBO

Company

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland (FRB Cleveland) is part of the nation’s central bank and we’ve provided many opportunities for professional growth during our history.
We’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Our People Make the Difference! FRB Cleveland is seeking innovative thinkers with vision to build the framework that will carry the Bank into the future.

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This position requires access to confidential supervisory information and/or Federal Open Market Committee information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.
 

In addition, all candidates must undergo an enhanced background check and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.

Supports the Federal Reserve's mission of financial system stability. Conducts examinations of complex or problematic community and regional financial institutions, as well as large and complex financial institutions and problem community banking organizations (CBO) and regional banking organizations (RBO). Identifies risks through on- and off-site supervisory activities that ensure financial institutions are operating in a safe and sound manner and in compliance with banking laws and regulations. Provides coaching and mentoring to lesser- experienced examiners and contributes to and/or leads strategic initiatives.

Essential Accountabilities

• Develop and execute a comprehensive and timely CBO business line quality control program to ensure supervisory activities and work products are of the highest quality, align with supervisory guidance, and meet standards established by the Board of Governors, Federal Reserve System (FRS) CBO Management Group, and FRB Cleveland. Serve as back up for the RBO Quality Control (QC) function, ensuring adherence to local and system standards and supervisory guidance.   

• Conduct quality control reviews on examination/inspection workpapers and other operational activities (such as issues management) and ensure timely feedback to stakeholders and follow-up testing of corrective actions.  If QC reviews are assigned to another examiner, provide effective oversight and guidance to assigned examiner.

• Develop and/or maintain business line leadership quality control reporting.  As appropriate, provide recommendations and/or develop and implement solutions to strengthen the business line’s adherence to quality control standards.

• Where appropriate, works effectively with representatives from other regulatory agencies.

• Review, communicate, and contribute to strategy for implementing AD & SR letters applicable to the CBO/RBO lines of business. Ensure business line procedures, templates, etc. are current and align with BOG, System and local guidance. Partner with the SCS and FRS Quality Control / Coordinator peers to foster consistency, effectiveness, and continuous improvement in business line quality control processes and approaches. 

• Serve as the business line point of contact for Board Oversight Reviews, Quality Assurance Reviews, and Internal Audits.  Ensure efficient coordination of reviews with business line management, inclusive of tracking of all findings and coordination of Reserve Bank responses.  Implement corrective actions and provide training to business line staff when needed.  Also, serve as point of contact for business line records destruction.

• Participate and/or lead district and Federal Reserve System committees, workgroups or projects.  Excellent written and verbal communication skills; strong ability to convey complex messages in a clear and concise manner to Reserve Bank management, Federal Reserve System management, and bank senior management and/ o