Consumer Compliance Bank Examiner
The Federal Reserve Bank
Working at the Federal Reserve Bank positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems. It is a challenge that demands the skills of a financial service professional and the intelligence of an academic—all combined with a passion for public service.
Overview of Team:
As a Consumer Compliance Bank Examiner, you will support the Federal Reserve Bank of Boston's mission of sound growth and financial stability through the provision of sound supervisory oversight of financial institutions and their compliance with consumer protection laws and regulations. We are looking for individuals interested in performing both important and rewarding work, and who take pride in what they do. We are driven by high internal expectations and we look for team members who wish to make a constructive impact.
Examiners in the Consumer Compliance Unit exhibit proficiency in several components of the supervisory process. You will report to an Exam Manager and work with a team of Examiners and analysts to assess institutions' compliance management systems and compliance with applicable consumer protection laws and regulations during the examination process. Individuals have mastered commonly used supervisory concepts and typically are able to work independently. Skill for this position include a knowledge of consumer compliance lending and deposit regulations, fair lending regulations, the Community Reinvestment Act, and the Unfair or Deceptive Acts or Practices Act. The ability to engage senior management and the boards of directors of financial institutions is also necessary.
The position and job description posted is for an Associate Examiner. However, you will be placed into an appropriate level within the Examiner family based on degree of experience, including commissioned Examiner.
- Remain flexible and work with other Examiners and Analysts to achieve team goals.
- Analyze problems with appropriate logic and fact-finding; identify irregularities or minor issues before major problems appear.
- Exhibit basic understanding of supervisory processes, banking processes, and products; basic knowledge of applicable laws and regulations; understand the interrelationship of banking risks and apply an integrated risk management approach using supervisory guidance and feedback from senior level Examiners.
- Manage own work flows with periodic input from Examiner-In-Charge, senior examination staff, and Exam Managers to meet supervisory milestones.
- Present both orally and in written form findings and assessments concerning non-complex supervisory matters to internal and external stakeholders.
- Seek and accept coaching and constructive feedback.
- Master's degree or equivalent.
- 1 year of job related experience, or completion of initial courses in the Federal Reserve System's Examiner Commissioning Program.
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)
- 401K match, and a fully funded pension plan
- Paid vacation and holidays; flexible work environment, healthy workflow
- Generously subsidized public transportation
- Annual tuition reimbursement
- Professional development programs, training and conferences
- And more…
The Federal Reserve Bank is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
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.
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.