CompanyFederal Reserve Bank of ClevelandThe 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.We’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.Our People Make the Difference! The Federal Reserve Bank of Cleveland is seeking innovative thinkers with vision to build the framework that will carry the Bank into the future.Follow us on LinkedIn, Twitter, Instagram, and our YouTube channel – Cleveland FedThis 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 an enhanced background check 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.Supports the Federal Reserve`s mission of financial system stability. An individual in this position is an integral member of the governance and controls risk team and possesses advanced technical and supervisory skills. Leads and participates in challenging supervisory activities spanning across large and complex, regional and community banking institutions to determine the adequacy of risk management processes to identify, measure, monitor, and mitigate risks. Demonstrates advanced skills regarding enterprise risk management, internal audit, third party risk management, bank operations and products. Has the ability 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 or professional certification through the Federal Reserve Bank of Cleveland Foundational Supervision Program (FSP).Essential Accountabilities
Serve as examiner-in-charge or lead risk specialist on reviews of risk discipline, 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 risk discipline 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/junior examiners, analysts and other staff to support their knowledge and understanding of risk discipline.
Manages and maintains relationships effectively with others, both internal and external to Federal Reserve, and tailors message appropriately to audiences across varying levels, including staff, mid-level/ executive management and board of directors.
Performs other duties as assigned or requested.
Education and ExperienceExaminer II- Risk Specialist
Bachelor's Degree
7+ years of related work experience required.
Examiner Senior- Risk Specialist
Bachelor's Degree
10+ years of related work experience in specialty area required
Knowledge and Skills
Expert knowledge of regulations, procedures and practices of bank examination
Advanced ability to perform independent research
Advanced knowledge of project management
Intermediate knowledge of Microsoft Office
Expert problem solving and analytical
Expert specialized operational/technical skills in governance and controls risk management, including but not limited to enterprise risk management (ERM), third party risk management (TPRM), internal audit, etc.…
Advanced written and verbal communication
Advanced presentation
Advanced public speaking
Advanced strategic thinking/planning
Physical Demands and General Working ConditionsTraditional office environment: Employees typically sit most of the day, work with a computer and may answer/respond to phone calls. Physical movement consists of walking for meetings, breaks, etc. Ability to lift items weighing approximately 20 pounds on a limited basis is required. Employees will be required to travel by car/air.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 ( https://rb.wd5.myworkdayjobs.com/FRS ) or through verified Federal Reserve Bank social media channels.Privacy Notice (https://www.kansascityfed.org/documents/7797/WorkdayPrivacyNotice.pdf)OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.Why Our People Choose Us:Our reputation precedes usThere will always be room for personal growthOur people are firstYou’ll find the right balanceYour responsibilities will be meaningfulWe hope that you will be our future colleague.Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.