Quality Control (QC) Examiner

Company

Federal Reserve Bank of Richmond

When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

About the Opportunity

The Federal Reserve Bank of Richmond’s Supervision, Regulation and Credit Department has an exciting opportunity to join the Community and Regional Safety & Soundness (CRSS) supervision business line as a Community and Regional Examination Support Team (CREST) Examiner/Analyst. 

The CRSS team is responsible for helping to ensure the safety and stability of the Fifth District community and regional banks and holding companies to protect the nation’s financial banking system.  CRSS examiners conduct commercial bank examinations and holding company inspections to evaluate the financial condition and determine the effectiveness of risk management and overall operations. CREST’s primary responsibility is to provide support to the CRSS function through several activities.

As a CREST Examiner/Analyst you will serve as part of the CREST team through leading or participating on the execution of Quality Control reviews for CRSS examinations and associated work products. Responsibilities include verifying that established quality standards and processes are being followed and consistently applied, conducting meetings with exam leadership, ensuring work products have well-supported supervisory assessments, and participating in vetting discussions. Additional responsibilities include:

Roles and Responsibilities:

• Performs research and analysis of highly complex and critical supervisory and financial data in order to provide supervisory decisions or recommendations and to identify emerging trends and outliers, monitor issues resolution, and assess risk

• Performs highly complex and/or critical reporting to monitor, review, and analyze required activities and data which comprise or support key supervision and monitoring activities such as: Quality Control, Report Review, and Business Intelligence

• Analyzes and prepares recommendations for a variety of highly complex banking applications and supervisory enforcement actions or identifies Reserve Bank risk exposure, both financial and reputational, during depository institution failure events and recommends action to avoid negative outcomes

• Leads process improvement and solution discussions and presents outcomes and actionable recommendations to senior management, provides leadership support for the modification of business processes

• Collaborates and communicates proactively with internal and external stakeholders to communicate supervisory recommendations/conclusions and to accomplish changes to policies, practices, and processes created to achieve supervisory goals

• Performs and is recognized as a thought leader, providing expertise to appropriate internal and external customers, and viewed as a System expert in area of specialty (Quality Control, Report Review, Loan Sampling)

• Supports Loan Sampling and file reconciliation process for State Member Bank exams and supporting operational business intelligence needs for CRSS stakeholders

Qualifications:

• 3+ years of relevant work experience

• Bachelor’s degree, with preferred emphasis in Finance, Economics, Business, Accounting or related field 

• Bank regulatory, quality control, or audit experience preferred

• Data analysis and visualization

• Strong written and verbal communication

• Ability to perform work under limited supervision with extensive autonomy and discretion

Other Requirements and Considerations:

• Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.

• If you need as