SUPERVISING EXAMINER (Part-Time & Temporary)

Company

Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

Job Summary:

A Supervising Examiner generally performs the duties below for highly complex situations and/or financial organizations and non-traditional financial organizations.

Participates as a member of a point in time supervisory event team, as an Examiner in Charge (EIC) of a supervisory event, and/or as a member of a dedicated supervisory team for a specific financial organization or group of financial organizations. Involved in the direct supervision of financial organizations, addressing the most complex supervisory issues.

Conducts analyses, assesses compliance with laws and regulations, assesses risk management systems, and communicates findings and assessments to various internal and external stakeholders, including senior bank management and boards of directors. The level of work required is generally considered highly complex. The individual maintains advanced skills in one or more disciplines.

This job description is for the Examiner Job Family and is intended primarily for positions within the Safety and Soundness business line in Supervision, Regulation and Credit (SRC). SRC is responsible for the supervision and regulation of state member banks (SMBs), bank holding companies (BHCs), savings and loan holding companies (SLHCs), financial holding companies (FHCs), data service providers, trust companies and large and foreign banking organizations (LFBOs). Supervised financial organizations are located across the District and range in size and complexity from small community organizations to some of the largest banking organizations in the country.

The level of work required is generally considered highly complex. The individual maintains advanced skills in one or more disciplines.

What You Will Do:

Key responsibilities involved in core supervision work are:

• Conducts analysis of current financial conditions and trends, and analyzing loans and other assets related to specific financial organizations and to portfolios of financial organizations
• Assesses financial organizations' compliance with all applicable laws and regulations; assesses financial organizations’ consumer compliance risk management program, compliance with applicable consumer protection laws and regulations, and performance under the CRA
• Determines the quality of financial organizations' internal controls, audit systems, board/management oversight and other risk management systems
• Communicates findings and assessments to various stakeholders
• Evaluates corrective actions required to bring financial organizations into compliance with safe and sound banking practices and applicable laws and regulations; and
• Develops the policies, procedures, and guidance necessary to execute core supervision activities.

Leads and participates in the most complex supervisory events of state member banks, bank- and non-bank subsidiaries, trust departments, and service providers, BHCs and SLHCs.

Serves effectively as an EIC to ensure the successful completion of a supervisory event, including the assessment of the financial organization overall condition, risk management systems, and compliance with applicable laws and regulations.

• Assesses financial organizations’ consumer compliance risk management program, compliance with applicable consumer protection laws and regulations, and performance under the CRA.
• Scope, organize, and control supervisory event activities supervises assigned staff; develop institutional profiles, risk assessments, supervisory plans, and scope memoranda; prepare a comprehensive exam/inspection report within a scheduled time frame; discuss conclusions with the senior management of the financial organization and, when necessary, its board of directors.
• Provides feedback on the supervisory event team's performance when acting as EIC.
• Serves key role in ongoing supervision activities when assigned as dedicated EIC or similar risk specialty role.
• Exercises independent judgment in determining objectives of and approaches to assignments as well as in determining findings and resolutions regarding financial organization-specific and broader supervisory issues.
• Manages highly complex supervisory issues to achieve supervisory or organizationa