Senior CRSB Examiner

Company:  Federal Reserve Bank
Location: Chicago
Closing Date: 07/11/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description

CompanyFederal Reserve Bank of ChicagoThe Federal Reserve Bank of Chicago is one of 12 regional reserve banks in the United States, along with the Federal Reserve Board of Governors in Washington, D.C., which make up the nation's central bank. The Bank is committed to adhering to a culture of excellence, respect, integrity and responsibility.As part of its core mission, the Supervision & Regulation (S&R) Department of the Federal Reserve Bank of Chicago is responsible for supervising and regulating state-chartered banks that are members of the Federal Reserve System, bank holding companies, and financial holding companies. Organizations within the boundaries of the Seventh District are located within Illinois, Indiana, Michigan, Wisconsin, and Iowa. S&R 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.This position is under the Safety and Soundness examinations of Community Banks for institutions under $10 billion in assets. The Community, Regional & Specialty Bank (CRSB) Supervision family provides supervisory oversight for financial institutions of varying complexities that have a close relationship with the communities they serve. Members of the CRSB job family generally conduct full scope or target examination and inspections of CRSB firms by working with different teams and staff across the department and through interaction with institution executives with broad responsibilities.As a Senior CRSB Examiner you will use knowledge to lead small shell bank holding company inspections under $3 billion in assets. You will review holding company inspection reports, provide content for application recommendations, and review and draft responses to regulatory requests from bank holding companies (dividends, restructure of debt, and capital restructures). The level of work is generally considered advanced, and staff must be able to work under minimal supervision. This position has no direct reports.Your Responsibilities:Lead and participate in bank holding company inspections to ensure the successful completion of the inspection including the assessment of the institution’s overall condition, risk management systems, and compliance with applicable laws and regulations; perform continuous monitoringCreate and provide focused and value-added reports, documents, and other correspondence to internal and external stakeholdersDevelop and present supervisory recommendations and responses to resolve moderately complex issuesDevelop and lead inspections and project plans, timelines, and milestones for basic and moderately complex examinationsDevelop relationships within the team, division, and departmentProvide guidance, training and constructive feedback to less experienced staffYour Background:Bachelor's degree or equivalent experienceSeven plus years of direct work-related experienceCommission preferred; if you are not commissioned, you will be required to go through the Examiner Commissioning Program (ECP) and become commissionedApplicants must be a U.S. Citizen or hold a green card with the intent to become a U.S. CitizenDemonstrate the ability to understand and execute risk focused supervision and processDemonstrate the ability to apply knowledge in completing assignmentsDemonstrate intermediate to advanced analytical and problem-solving skillsDemonstrate independent and critical thinking and decision-making abilities as well as have solid written and oral communication abilitiesPossess the ability to provide guidance and constructive feedback to less experienced staff and peersPossess strong teamwork skills and the ability to build and work collaboratively within and across work teamsDemonstrate the ability to manage time and projects effectively by adjusting quickly to new and different prioritiesDemonstrate aptitude to leverage relevant technology and software applicationsPossesses general business acumenWhat we offer:Comprehensive benefits package includes medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym and subsidized cafeteriaA continuous learning environment with opportunities to gain new skills and grow your careerLocation:This is a hybrid position. Your presence will be expected at one of the 7th District offices—Chicago, Des Moines or DetroitAdditional Requirements:Ability and willingness to travel 15%As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.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 U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo applicable background checks and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. Citizen and pursue a path to citizenship.This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.Full Time / Part TimeFull timeRegular / TemporaryRegularJob Exempt (Yes / No)YesJob CategoryBank ExaminationWork ShiftFirst (United States of America)The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.Always verify and apply to jobs on Federal Reserve System Careers ( ) or through verified Federal Reserve Bank social media channels.Privacy Notice (

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