Examiner Assistant/Associate - CBO (Manufacturing)
Company
Federal 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.For twenty-five years in a row, 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.
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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 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. Conducts examinations of complex or problematic community and regional financial institutions, as well as large and complex financial institutions and problem CBO and RBO institutions. Identifies risks through on- and off-site supervisory activities that ensure financial institutions are operating in a safe and sound manner and in compliance with banking laws and regulations. Provides coaching and mentoring to lesser- experienced examiners and contributes to and/or leads strategic initiatives.
General Responsibilities:
Acts as nominee Examiner-in-Charge of small/medium and non-problematic bank holding companies and their subsidiaries and completes a written report of examination/inspection to executive management and the directorate of the supervised institutions.
Assists the Examiner-in-Charge on increasingly complex and/or problematic bank holding companies and their subsidiaries examinations.
Act as Asset Manager for bank examinations of varying complexities.
Serve as Operations Manager for larger banks and bank holding companies.
Identifies and assesses institution-specific risk levels and trends
Completes reviews of increasingly complex functions during examinations/inspections of member banks and bank/financial and savings and loans holding companies.
Prepares and communicates summary of findings to bank management, examiner-in-charge and other critical stakeholders (FRB management other regulatory agencies) through meetings and submission of written reports and work papers.
Performs surveillance of selected non-problematic financial institutions, compiling documentation and reports and advising others of issues identified during the review.
Satisfactorily completes all System and Reserve Bank CBO ECP training and OJT requirements, including passing the proficiency examination. Complete additional training as prescribed. This includes expanding one's technical skills and competencies through job responsibilities, seeking out and completing new assignments, and keeping up to date with the latest industry trends and developments.
Evaluates prior work papers and assesses current financial institution data in conjunction with regulatory guidelines to help determine a risk-focused scope of an examination, inspection, or review.
Maintains ongoing awareness of issues, trends and key stakeholders within the FRB Cleveland.
Maintains relationships with key stakeholders
Provides coaching and mentoring to less experienced examiners.
Performs other duties as assigned or requested.
Education and Experience
Assistant: Bachelor's Degree in Finance, Accounting, Mathematics, Economics or related field. No prior experience required.
Associate: Bachelor's Degree in Finance, Accounting, Mathematics, Economics or related field
3+ years of related work experience required or 1+ year as an Assistant Examiner
Knowledge and Skills
Basic ability to perform independent research
Basic knowledge of Microsoft Office
Basic knowledge of project management
Basic knowledge of regulations, procedures and practices of bank examination
Intermediate problem solving and analytical
Intermediate written and verbal communication
Basic presentation
Basic public speaking
Basic specialized operational/technical skills in bank examination
Basic strategic thinking/planning
Physical Demands and General Working Conditions
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time.
Travel
Job may require overnight travel <25%, location dependent
Bank's Ethics Rules and Drug Testing:
As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank's ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions. 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.
In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.
Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels
Full Time / Part Time
Full timeRegular / Temporary
RegularJob Exempt (Yes / No)
NoJob Category
Bank ExaminationWork Shift
First (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.
