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Position
The Large Banking Organization (LBO) business line is seeking a Central Point of Contact (Supervisory Examiner – LBO) to lead a team of examiners in providing supervisory oversight for an LBO located in Columbus, Ohio. The Central Point of Contact (CPC) role is the Reserve Bank's main liaison for the supervision an LBO. This position involves leading a team that conducts forward-looking assessments of an institution's financial strength and operational resilience. CPCs also play a key role in implementing and ensuring adherence to the Federal Reserve System's Statement of Supervisory Operating Principles.
The CPC position requires advanced knowledge of regulations, guidance, procedures and practices applicable to LBOs. This role also requires a strong ability to identify and evaluate material financial risks to the safe and sound operations of an LBO.
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.
Essential Accountabilities
- Developing and executing a risk-based supervisory plan for the supervised LBO focused on forward-looking assessments of financial and operational resiliency.
- Communicating supervisory assessments to LBO management and directors, Reserve Bank Officers, staff at the Board of Governors, and other regulators.
- Leading or significantly influencing the most critical strategic and operational committees, projects, and initiatives at the local and national levels.
- Providing management and coaching to the assigned dedicated supervisory team direct reports and to risk specialists that support the team.
- Performing periodic outreach presentations in support of the Reserve Bank's mission to external stakeholders on industry/regulatory trends.
- Developing and maintaining productive working relationships with executive management and members of the board of directors of the supervised institution through regular and in-depth discussions to understand changes in strategy, issues, and challenges facing the institution.
- Developing and maintaining productive working relationships with the primary regulator(s) to coordinate on supervisory strategy, and leverage/coordinate work.
- Maintaining knowledge of emerging issues, trends, banking and economic conditions, and ongoing developments in the LBO supervision community, as well as a strong understanding of industry risk management practices.
- Attracting, developing, and retaining high caliber professional staff with diverse capabilities and backgrounds, and developing successors for key roles.
- Demonstrating learning agility and ability to effectively manage through ambiguity when faced with new or evolving supervisory topics and regulations and/or managing problems/situations that do not have clear solutions or outcomes.
- Performing other duties as assigned or requested.
Education and Experience
- Bachelor’s degree in business management, accounting, finance, economics, or a related field
- 10+ years of related work experience in specialty area required
- Commissioned Examiner of the Federal Reserve System or another federal banking agency and experience with large bank supervision
Knowledge Areas
- Expert knowledge of regulations, guidance, procedures and practices applicable to firms over $100 billion total consolidated assets
- Expert knowledge of large bank strategy and operations
- Expert risk identification and risk assessment capabilities
- Expert analysis of financial reporting and analytics
- Expert ability to perform independent research and utilize analytical tools
- Expert knowledge of project management
Skill Areas
- Expert ability to establish accountability and drive results
- Expert decision quality, problem solving, and analytical
- Expert in written and verbal communications, including presentation
- Expert in collaboration
- Expert in learning agility
- Expert at building effective teams and instilling trust
- Expert at managing complexity and ambiguity
Location and Travel
This position may be based in Cleveland, Ohio; Cincinnati, Ohio; Columbus, Ohio; or Pittsburgh, Pennsylvania. This role requires approximately 25% travel, though travel requirements will be less for an individual based in Columbus, Ohio.
The expected starting salary range for the Supervisory Examiner is between $187,500 and $234,400 annually. Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and market data.
The Cleveland Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.clevelandfed.org/careers
Physical Demands and General Working Conditions
This is not necessarily an exhaustive list of all responsibilities, duties, 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.
Reasonable Accommodation Statement
The Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided with reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. To request a reasonable accommodation for any part of the employment process, please send an email to [email protected].
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.
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Full Time / Part TimeFull timeRegular / TemporaryRegularJob Exempt (Yes / No)YesJob CategorySupervision Family GroupWork ShiftFirst (United States of America)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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Skills Required
- Bachelor's degree in business management, accounting, finance, economics, or related field
- 10+ years of related work experience
- Commissioned Examiner of the Federal Reserve System or another federal banking agency and experience with large bank supervision
- Expert knowledge of regulations, guidance, procedures and practices applicable to firms over $100 billion total consolidated assets
- Expert risk identification, risk assessment, financial reporting analysis, and use of analytical tools
- Expert project management and leadership skills, including coaching and developing staff
- Ability to access confidential supervisory information/FOMC information (Protected Individual) or meet eligibility rules and sign declaration to pursue citizenship if required
- Successful completion of an enhanced background check and compliance with information handling rules
- Ability to travel approximately 25% as required by the role
What We Do
This page is dedicated to Federal Reserve System career and employment related information only. Comments not pertaining to Fed recruiting will be removed. The Fed - Make a world of difference in the global economy 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 us There will always be room for personal growth Our people are first You’ll find the right balance Your responsibilities will be meaningful We hope that you will be our future colleague. Find your preferred locations around the United States and explore the breadth of opportunity available at the Federal Reserve. Atlanta https://www.frbatlanta.org/ Boston http://www.bostonfed.org/ Chicago https://www.chicagofed.org/ Cleveland https://www.clevelandfed.org/ Dallas http://dallasfed.org/ Kansas City https://www.kansascityfed.org/ Minneapolis https://www.minneapolisfed.org/ New York http://www.newyorkfed.org/ Philadelphia https://www.philadelphiafed.org/ Richmond https://www.richmondfed.org/ San Francisco http://www.frbsf.org/ St. Louis https://www.stlouisfed.org/ Board http://www.federalreserve.gov/
