Community, Regional, and Specialty Bank (CRSB) - Mergers & Acquisitions, Enforcement

Company

Federal Reserve Bank of Chicago

Supervision and Regulation plays a critical role in The Federal Reserve Bank of Chicago's core mission, supervising regulating state-chartered banks that are members of the Federal Reserve System, bank holding companies, financial holding companies and savings and loan holding companies. Our duty is to foster the stability, integrity, and efficiency of the nation's monetary, financial and payment systems to promote optimal economic performance. We seek individuals who hold themselves to the highest standards, who flourish in an environment of collaboration and innovation and inclusion. Our most successful team members have strong critical thinking skills, excel in strong verbal and written communications capability, and collaborate intentionally.

The Mergers, Acquisitions & Enforcement Team within the Supervision and Regulation Department of the Federal Reserve Bank of Chicago is seeking applications for a Community Regional Specialty Examiner position. The position will fall in our Community Regional and Specialty (CRSB) job family.

The Community, Regional, and Specialty Bank (CRSB) Supervision family provides supervisory oversight for financial institutions of varying complexities that have a close relationship with the communities they serve. The CRSB examiner job family also includes members of the Mergers & Acquisitions, Enforcement, and Competitive Factors Unit. The level of work is generally considered intermediate, and staff must be able to work under general supervision. This position has no direct reports.

This individual is expected to perform financial analysis to support the Mergers & Acquisitions, Enforcement and Competitive Factors team, as outlined below.

The CRSB Examiners evaluate and review financial, managerial, competitive, and convenience and needs statutory factors for expansionary proposals for bank holding companies, state member banks, savings and loan holding companies, and foreign banking organizations. Examiners work closely with supervisory teams, Board of Governors’ staff, and other regulatory agencies.  

The CRSB Examiners lead the evaluation, development and review of enforcement actions and work with examination supervisory teams to ensure a comprehensive and consistent evaluation of legal and regulatory requirements across all portfolios.  In addition, Enforcement Examiners coordinate with dedicated supervisory and legal teams, as well as other regulatory agencies as needed, to conduct ongoing reviews and appropriate escalation of Suspicious Activity Report (SAR) filings from supervised firms in efforts to combat money laundering and other financial crimes.

The CRSB Examiners review banking market definitions, market concentrations and perform analysis on banking market structure to determine how a merger or acquisition would impact a banking market.

Your Responsibilities:

• Leads the evaluation, performs financial analysis, reviews statutory factors for expansionary proposals and legal requirements for enforcement actions and works with examination supervisory teams to ensure a comprehensive and consistent evaluation of legal and regulatory requirements across all portfolios and performs continuous monitoring
• Assesses institutions’ overall condition, risk management systems, and compliance with applicable laws, regulations, statutes, and Board policy
• Draws on professional experience, to develop, make, and present supervisory recommendations and responses to resolve moderately complex issues
• Develops and leads project plans, timelines, and milestones for moderately complex expansionary proposals and enforcement cases
• Evaluates financial information, creates and provides focused and value-added reports, documents, and other correspondence to internal and external stakeholders
• Builds relationships within the team, department and division and develops relationships with internal and external stakeholders such as other Reserve Banks, the Board of Governors and other regulatory agencies
• Provides guidance, training and constructive feedback to less experienced staff and to supervisory teams and provides feedback on staff’s performance when leading the evaluation of expansionary proposals and enforcement cases

Your Background:

• Bachelor's degree or equivalent experience
• Four plus years of direct work-related experience
• Examiner Commission preferred. If not commissioned, will be required to go through the Examiner Commissioning Program 

• Possesses the ability to understand risk focused supervision and processes
• Applies broad knowledge of analytical concepts, practices and procedures to accomplish moderately complex assignments
• Demonstrates inte