Federal Reserve Bank (FRB)
Examiner II/Sr- Large Banking Organization (Finance)
All employees must be fully vaccinated against COVID-19 which includes receiving a COVID-19 vaccine booster or qualifying for an accommodation from the Bank's COVID-19 Vaccination Policy; individuals who are unable to be vaccinated due to a medical condition or sincerely held religious belief may request an accommodation from the Bank.
The Federal Reserve Bank of Cleveland has an excellent opportunity for a motivated individual to be a member of a Large Banking Organization (LBO) Dedicated Supervisory Team (DST). The DST is responsible for supervising the safety and soundness of a Pittsburgh based LBO. The position will be responsible for oversight of the LBO's money transmitter business, as well as other nonbank entities. The individual will work collaboratively with risk specialists to assess the risks and effectiveness of risk management practices for the money transmitter and other nonbanking entities. The individual will also support the DST's assessment of the LBO's operational risk management program and participate on coordinated and horizontal reviews.
As part of the role, the individual will be responsible for (1) identifying risks, evaluating compliance with banking laws and regulations, and conducting forward-looking assessments through horizontal and firm-specific reviews and monitoring activities (focused on financial and operational resiliency of the supervised firm); (2) assessing the firm's internal audit practices and related governance and controls; and (3) communicating review results and supervisory assessments to bank management, Reserve Bank Leadership, Federal Reserve System Leadership, and/or other regulators. A background in operational risk management is preferred but not required.
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
Qualifications - External
Education and Experience
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 may be required to travel by car/air.
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.