Consumer Compliance Examiner

CompanyFederal Reserve Bank of Minneapolis

Welcoming, mission-driven, and prestigious are adjectives employees use to describe the workplace culture of the Minneapolis Federal Reserve Bank. Become part of an organization that is committed to encouraging 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, fair, and accessible banking system and stable financial markets.
The Supervision, Regulation, and Credit Division (SRC) is seeking examiners in the Consumer Affairs section. Consumer Affairs examiners help to supervise state member banks for compliance with federal consumer protection laws and regulations, including the Community Reinvestment Act (CRA).
*Application review will begin after Monday, January 6th, 2025.

Please provide both a resume and unofficial college transcript as part of your application for full consideration. Candidates will be asked to complete a writing assessment later in the hiring process.

The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position, and you are expected to be in the office 3 days per week for meetings and team collaboration. Successful candidates must live in or relocate to the Minneapolis-St. Paul, Minnesota, or Helena, Montana, areas.

*We are unable to hire anyone that would require sponsorship now or at any point in the future.

Assistant and Associate Examiner Responsibilities

• Assist in examinations and supervisory events of supervised institutions, focusing on the assessment of compliance risk and the adequacy of risk management systems and operational controls.

• Complete reviews under the supervision of a more experienced examiner, until sufficient experience gained to work without supervision.

• Draft, organize, and verify workpapers and related documents with guidance of more experienced examiners, until sufficient experience gained to work without supervision.

• Assist in analyzing supervised institution's performance in complying with consumer compliance laws, regulations, and regulatory policies. 

• Communicate, describe, support, and discuss supervisory events’ findings with management.

• Respond to frequently changing regulatory requirements and industry issues with agility and adaptability.

• Complete Federal Reserve System schools and training modules to progress to commissioned examiner status.  

• Safeguard equipment, sensitive data, and other information resources according to the SRC Information Security and Data Handling Handbook.

Associate Examiner, Additional Responsibilities

• Lead and manage supervisory events of small, noncomplex supervised institutions, including determining scope, rating, resource needs, and work assignments of the examination team, under the supervision of a more experienced examiner. 

• Analyze supervised institution's performance in complying with consumer compliance laws, regulations, and regulatory policies and evaluate how effectively the institution manages its compliance risks.    

• Assess the bank’s performance in meeting community credit needs under the CRA.

Examiner, Additional Responsibilities

• Lead and manage consumer compliance and CRA supervisory events of more complicated and larger supervised institutions and communicate more complex examination findings.

• Act as institution contact for a limited portfolio of small- to medium-sized, relatively non-complex institutions or serve as a subject matter expert in a key functional area.

• Seek out and participate in opportunities to enhance skills, including assisting with Federal Reserve System or Reserve Bank special projects.

• Provide training, work direction, and feedback to assisting examiners when acting as examiner-in-charge.

Qualifications:

• A bachelor's degree with coursework in business, risk management, pre-law, public policy, or a closely- related field of study.  Master’s degree in business (or related field) and/or law degree preferred. 

• College/post-graduate transcripts are required.  Applicants should be prepared to provide their transcripts during the interview. 

• Consumer compliance and/or CRA examination experience, compliance officer experience, or related consumer banking or consumer financial services experience is preferred.

• Assistant Examiner (non-exempt) - 0+ (zero) years of related experience

• Associate Examiner (non-exempt) - 2+ years of related experience

• Examiner (exempt) - 4+ years of significant consumer compliance experience. Commission preferred.

• Strong written, verbal, and interpersonal communication skills.

• Strong analytical, critical thinking, and organizational skills and attention to details.

• Ability to travel on average 30% while at the assistant and associate levels to accommodate examination and training opportunities.  Travel decreases with experience and is on average 20% for those at the examiner level. Examiners generally travel within the 9th District (Montana, North Dakota, South Dakota, Minnesota, and portions of Michigan and Wisconsin). A standard travel week is Monday – Thursday or Friday. 

• Valid driver’s license with acceptable driving record.

Minneapolis Salary Ranges

Assistant Examiner: $63,200 - $78,994 - $94,800

Associate Examiner: $79,400 - $99,252 - $119,100

Examiner: $100,200 - $125,201 - $150,200

Helena Salary Ranges

Assistant Examiner: $56,900 - $71,095 - $85,300

Associate Examiner: $70,000 - $87,455 - $104,900

Examiner: $90,100 - $112,681 - $135,200

Salary offer will be based on qualifications/experience of the candidate, alignment with market data, the needs of the position, our total compensation package, and internal equity.

Our total rewards program offers benefits that are the best fit for you at every stage of your career:

• Comprehensive healthcare options (Medical, Dental, and Vision) 

• 401(k) match, and a fully-funded pension plan 

• Paid time off and holidays 

• Free public transportation passes 

• Annual educational assistance 

• On-site fitness facility  

• Professional development programs, training and conferences 

• And more… 

​The Minneapolis Fed is committed to developing a diverse workforce and providing an inclusive environment where all employees are respected and valued. We believe that we can foster development opportunities for all and reach our full potential by recognizing the unique experiences and identities of each of our colleagues. From economists to cash specialists, we work together to represent you in our economy.  

Additional Information:

*This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. Candidates who are not U.S. citizens must sign a declaration of intent to expeditiously become a U.S. citizen when eligible.

**We are unable to hire anyone that would require sponsorship now or at any point in the future.

***We are filling multiple roles with this posting.

Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)No

Job CategoryBank Examination

Work 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.

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