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FE
Examiner Supervisor
Federal Reserve SystemMinneapolis, United Statesfull_timeVerifiedPosted 29 Feb 2024
💰 $235,400/yr($157,000/yr – $235,400/yr)
About the role
Company
Federal Reserve Bank of MinneapolisJob Description SummaryWelcoming, mission-driven, and prestigious are adjectives employees use to describe the workplace culture of the Minneapolis Fed. Become part of an organization that is committed to diversity and inclusion, sustaining a vibrant and thriving economy, and making a real difference in people's lives. One important element of the Minneapolis Fed's mission involves participating in the supervision and regulation of the nation's banking, financial, and payments systems to promote a safe, sound, and accessible banking system and stable financial markets.
The Supervision, Regulation, and Credit department is seeking a team leader/central point of contact to participate in supervision of Community and Regional state member banks (SMB) and bank holding companies (BHC) within the Federal Reserve System's Ninth District. The Supervisory Examiner role supports the Minneapolis Fed's banking supervision and regulation activities through collaboration with other managers to support examiner development, scheduling and planning of examination work, oversight of examiner teams. The role also requires serving as central point of contact for a portfolio of financial institutions and providing ongoing monitoring for those institutions.
Responsibilities:
- Supervise a group of examiners who plan and conduct comprehensive community and regional bank safety and soundness examinations.
- Actively support staff development by scheduling training and development opportunities for staff based on the needs of the Reserve Bank and individual career development goals.
- Provide coaching, mentoring, and performance feedback to staff.
- Maintain high-quality examinations and inspections by monitoring compliance with Federal Reserve System policies and guidelines in conducting examination work and preparing examination workpapers.
- Monitor alignment of examination work and examiner resources with scheduling mandates and System, Bank, and Division budgets.
- Actively promote a positive and productive work environment by collaborating with the team leader group, soliciting and responding to staff feedback, and supporting bank diversity and inclusion efforts.
- Ensures effective supervision of assigned portfolio of the Ninth District financial institutions (SMBs and large BHCs), including preparing a comprehensive and independent risk assessment of all assigned institutions; reviewing and approving examination scope memoranda; developing, documenting, and implementing the overall supervisory strategy; following up on examination findings and enforcement actions; and conducting ongoing monitoring.
- Develops and maintains productive working relationships with senior management of supervised institutions through regular and in-depth discussions to understand changes in strategy, complex issues, and challenges facing the institution and management's perspective on proposed supervisory guidance and its ultimate effect on institutions in supervised portfolio.
- Maintains effective communication with supervised institutions, the Board of Governors, and Reserve Bank management related to various institution developments, examination findings, merger activity, changes in major product lines and in risk characteristics, as well as delivers concise and well written supervisory documents.
- Serve as a subject matter resource to examiners by assisting with supervision activities and maintaining technical expertise to counsel examiners on applicable policies, techniques, procedures, laws, and regulations.
- Safeguard equipment, sensitive data, and other information resources according to the SRC Information Security and Data Handling Handbook.
- This is a supervisory position that will report to an Assistant Vice President.
Qualifications:
- Bachelor's degree. Postgraduate education preferred
- Examiner commission preferred.
- Substantial related experience (6 years) in financial services, banking regulations, examinations, and/or a high level of expertise in a financial services or other relevant specialty.
- Leadership experience in directing work of others and/or projects.
- In lieu of examiner commission, specialized expertise in financial services or an examination area as determined by SRC management
Additional Information:
*This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not
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