Examiner II/Senior - Risk Specialist

Company

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is part of the nation’s central bank and we’ve provided many opportunities for professional growth during our history.

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Supports the Federal Reserve`s mission of financial system stability. An individual in this position is as an integral member of the risk discipline and possesses advanced technical and supervisory skills. Leads and participates in large, complex, and challenging supervisory activities to determine the adequacy of risk management processes to identify, measure, monitor, and mitigate risks. Demonstrates advanced skills regarding bank operations and products and is able to leverage an understanding of the interplay of risks, risk drivers, and risk management to conduct critically focused supervisory assessments. Participates on national horizontal reviews and serves in a material contributor role (examples include as lead or material contributor for a workstream on a horizontal evaluation team or as lead risk specialist/examiner-in-charge for a dedicated supervisory team). Demonstrates advanced knowledge of industry practices and leverages innovative techniques to identify and assess emerging risks. Conducts forward-looking analysis of cross firm and industry/financial system risks and developments to help drive perspectives on micro (institution specific), horizontal (industry wide/peer) and macro (financial system supervision) risks. Leads or acts in material contributor role on complex projects and develops/delivers outreach and training.

Note: Individuals in this role either have an examiner commission or are in the process of obtaining a commission.

General Responsibilities:

• Serve as examiner-in-charge or lead risk specialist on reviews of consumer compliance, and related activities. May participate on national horizontal reviews in a formal leadership role or as a material contributor.

• Demonstrates sound supervisory judgment and leadership skills in organizing, deploying, and managing assigned resources when acting in an in-charge capacity.

• Identifies and assesses institution-specific and industry risk levels, key developments, and trends. Prepares informative, well supported supervisory products and workpapers, and effectively communicates supervisory findings, both verbally and in writing, to the supervised banking organization's senior management and board of directors in a thoughtful and concise manner.

• Works independently or in small teams on reviews both in-District and out-of-District.

• Demonstrates expertise and agility in executing a range of assignments, including highly complex, and at firms of varying size, condition, and complexity (including larger, more complex banking organizations).

• Performs continuous financial system supervision monitoring to understand micro (institution specific), horizontal (industry wide/peer) and macro (financial system supervision) risks.

• Serves as a subject matter expert (SME) for the Bank, SCS department management, and staff regarding risk discipline.

• Maintains ongoing awareness of issues, trends, and topical areas relevant to consumer compliance and related areas. Provides for knowledge sharing of key and emerging risks within and across the SCS administration and System.

• Provides informed input through policy, supervisory guidance, or other contributions to enhance supervisory activities and effectiveness. Prepares written and verbal risk assessments, analytical and other products and briefings as requested. Develops and delivers written analyses and presentations on institution-specific and industry trends.

• Leads or participates on the most critical, most complex local and strategic or operational projects and initiatives intended to enhance policy, supervisory standards and processes, examiner training, address emerging issues or developments, or enhance quality, performance, and effectiveness.

• Proficiently executes assignments and activities consistent with established objectives, performance, and timeliness requirements.

• Shares knowledge and expertise and provides leadership, coaching and mentoring to peer/jun