Senior Large Bank Examiner - Legal and Compliance

Company

Federal Reserve Bank of Chicago

The Federal Reserve Bank of Chicago is one of 12 regional reserve banks in the United States, along with the Federal Reserve Board of Governors in Washington, D.C., which make up the nation's central bank. The Bank is committed to adhering to a culture of excellence, respect, integrity, and responsibility.

As part of its core mission, the Supervision & Regulation (S&R) Department of the Federal Reserve Bank of Chicago is responsible for supervising and regulating state-chartered banks that are members of the Federal Reserve System, bank holding companies, and financial holding companies. Organizations within the boundaries of the Seventh District are located within Illinois, Indiana, Michigan, Wisconsin, and Iowa. Our duty is to foster the stability, integrity, and efficiency of the nation's monetary, financial, and payment systems to promote optimal economic performance.

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 corporate compliance and legal practices within a large and complex financial institution.

The Senior Large Bank Examiner will be responsible for determining the effectiveness of an LFBO institution’s corporate compliance and legal risk management practice. The individual will lead supervisory assessments and examinations over these area as well as a spectrum of related non-financial risks, including fiduciary and privacy risks. An ability to effectively coordinate with other domestic and global regulators is a key aspect of this role.
Additionally, as a member of a large bank dedicated supervisory team, the individual will participate in assessing the institution's risk management practices across other risk topics. Resource workload permitting, the individual may also be engaged in other team, department, and system initiatives.

Your Responsibilities:

• Consult and serve as an initial contact and subject matter expert for the supervised areas and maintain familiarity with relevant supervisory and industry guidance on compliance.

• Review the institution's business model and understand the relevant supervisory expectations and requirements to which the institution is subject and interpret how those requirements impact the institution's related processes and risk management practices.

• Prepare and deliver clear, well-supported, and persuasive findings in formal written and verbal presentations on supervisory conclusions and relevant issues to financial institution and senior Reserve Bank management.

• Perform ongoing supervision by leading meetings with institution management and reviewing institution-submitted materials to ensure objective and timely assessment of compliance and legal risk.

• Maintain an understanding of key risk management perspectives from other regulatory agencies, proactively implement strategies to collect peer agency views on a timely basis, act as a key stakeholder within peer agency reviews, and holistically integrate other regulatory perspectives to help inform the team's supervisory assessment.

• Build and maintain strategic working relationships and networks with both internal and external stakeholders, such as other Reserve Banks, the Board of Governors, and other domestic and global regulatory agencies. This also includes developing relationships, while maintaining independence, with institution management to further supervisory efforts.

• Effectively manage multiple projects at simultaneously.

• Provide support on complex issues and exam administration for the supervisory team’s leadership.

• Independently review and assess information to identify and develop a supervisory approach to fill knowledge gaps, share information with other dedicated team members to enhance their supervision, and challenge the status quo in the global oversight of compliance risk management.

• Lead other supervisory activities across the team or department.

• Develop and maintain an awareness of potential changes to key rules, laws and regulations, and supervisory policies.

Your Background:

• Bachelor’s degree or equivalent experience.

• Specific concentration and coursework in disciplines such as economics, statistics, accounting, finance, or business are preferred.

• Expertise in compliance and or legal risk analysis in a banking environment is preferred.

• Experience in Large Bank Supervision is preferred.

• Possess seven plus years of direct work-related experience.

• Demonstrate independent thinking, critical