Large Bank Examiner/Senior Examiner

Company

Federal Reserve Bank of Minneapolis

The open role will have responsibility for supporting and executing the Reserve Bank’s plan for supervising Ameriprise Financial Inc. (Ameriprise). The successful candidate for this role will actively participate in high profile risk-focused supervisory activities covering Operational Risk and IT/Cybersecurity Risk along with additional responsibilities assessing the effectiveness of the firm’s Internal Audit function. The candidate is expected to use the knowledge and results from supervisory activities to draw sound conclusions and support ratings of the firm. This includes, for example, evaluating the effectiveness of the institution’s governance and oversight as it relates to firm-wide Operational IT/Cybersecurity risk management, and Internal Audit practices against established Reserve Bank guidance and regulations. You will also participate or lead on other examination activities and cover specific Ameriprise business segments as determined by management.

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.

Ameriprise, headquartered in Minneapolis, Minnesota, is a holding company with $175 billion in consolidated assets and $1.4 trillion of assets under management and administration. Ameriprise offers a wide array of wealth management products and services for individuals including financial planning, managed accounts, life insurance, annuities, and estate planning. It also provides institutional asset management services, including a large family of mutual funds that it offers through affiliates and third parties.

Responsibilities:

• Leads and manages supervisory events, including determining scope, rating, resource needs, and work assignments.
• Drafts, reviews, organizes, verifies, and evaluates supervisory event documents.
• 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 a risk area(s) specific to Operational Risk, IT/Cybersecurity Risk, Internal Audit and other areas as assigned.  This 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 Ameriprise through regular and in-depth discussions to understand changes in strategy, issues, and challenges facing the institution.
• Maintains effective communication with Ameriprise, 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 Supervision Regulation and Credit (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.
• Commissioned examiner preferred. In lieu of examiner commissioning, specialized expertise in complex examination areas as determined by SRC Management.  
• 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 E