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Assistant Examiner I/II
Federal Reserve Bank of Philadelphia • Philadelphia, PA
Posted 8 days ago
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This requisition represents a dual grade level posting. The below job description reflects the higher grade level.
The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.
SRC is responsible for the supervision and regulation of state member banks (SMBs), bank holding companies (BHCs), savings and loan holding companies (SLHCs), financial holding companies (FHCs), data service providers, trust companies and large and foreign banking organizations (LFBOs). Supervised financial organizations are located across the District and range in size and complexity from small community organizations to some of the largest banking organizations in the country.
This job description is for the Examiner Job Family and is intended primarily for positions within the Safety and Soundness (S&S) and Consumer Compliance (CC)/Community Reinvestment Act (CRA) business lines in Supervision, Regulation and Credit (SRC).
SRC has examiner positions at different levels, ranging from assistant to supervising. Each level is differentiated by requisite years of experience and examiner commissioning requirements, as well as by the degree of oversight required and discretion exercised in job performance. The levels are also differentiated by degree of complexity in the supervisory issues addressed, the duties performed, the professional skills applied and the key behavioral competencies required. Job expectations, duties and skills required at the higher levels build upon those of the lower levels.
Principal Duties and Responsibilities:
An Assistant Examiner II participates as a member of a point-in-time supervisory event team primarily at small to medium sized financial organizations. This is a mid-level training-level position; the expectations are increased and the level of work is considered entry- to intermediate-level. This position relies on mentors and coaches for guidance on assignments.
Examiner Job Family positions are involved in core supervision work. The key responsibilities involved in core supervision work are:
Conducting analysis of current financial conditions and trends, and analyzing loans and other assets related to specific financial organizations and to portfolios of financial organizations;
Assessing financial organizations’ compliance with all applicable laws and regulations; assessing financial organizations’ consumer compliance risk management program, compliance with applicable consumer protection laws and regulations, and performance under the CRA.
Determining the quality of financial organizations’ internal controls, audit systems, board/management oversight and other risk management systems;
Communicating findings and assessments to various stakeholders;
Evaluating corrective actions required to bring financial organizations into compliance with safe and sound banking practices and applicable laws and regulations; and
Developing the policies, procedures, and guidance necessary to execute core supervision responsibilities.
Principal Duties and Responsibilities:
Participates in supervisory events of SMBs, bank and non-bank subsidiaries, trust departments, and service providers, BHCs and SLHCs. Identifies and assesses less-complex supervisory issues arising in non-complex situations.
Serves effectively as a member of a team to ensure the successful completion of a supervisory event, including assessment of the financial organization’s overall condition, risk management systems, compliance with applicable laws and regulations, consumer compliance risk management program, compliance with applicable consumer protection laws and regulations, and performance under the CRA.
Aggregates data and other information from a variety of sources to complete assigned work.
Completes assigned work within scheduled time frame; discuss conclusions with the Examiner-in-Charge (EIC), other lead roles or manager.
Prepares written analysis and proposes ratings based on analysis, where applicable.
Exercises judgment within defined procedures and practices.
Assist in determining the adequacy of a financial organization’s risk management systems for identifying, measuring, monitoring and controlling risk in various specialty areas.
- Under close to general oversight, assesses a financial organization’s internal controls, including internal audit, policies, procedures, and risk monitoring systems.
- Under close to general oversight, assesses the level of compliance with applicable laws and regulations; assess consumer compliance risk management program, compliance with applicable consumer protection laws and regulations, and performance under the CRA.
- Under close to general oversight, assesses the quality of management and boards of directors.
- Interprets information and review data in order to complete assigned work effectively and contribute to the overall understanding of events and circumstances.
- Gathers and organizes information, conducts thorough and accurate analyses, supports findings and conclusions, make recommendations, and follow up as appropriate.
Develops and communicates findings, recommendations, ratings and supervisory actions to internal and external stakeholders for less-complex supervisory issues.
Under close to general oversight, prepares and delivers focused deliverables and persuasive presentations or other correspondence to internal management and outside stakeholders.
Responds to routine inquiries from internal and external stakeholders, where appropriate.
Engage stakeholders in collecting feedback and input to complete work activities.
Maintain management information systems, work papers and other relevant documentation.
Perform other duties as assigned.
Complete curriculum courses in the Examiner Commissioning Program (ECP).
Education and Experience:
A bachelor`s degree is required; a major in business, economics, finance, accounting, law or a related field is preferred. One to three years of direct or comparable banking, financial industry, or banking supervision experience.
Knowledge and Skills:
Job Knowledge: possesses and applies both specific and broad-based knowledge including principles, practices and procedures of the examination specialty in completing assignments.
Supervisory Event / Project Management: organizes and manages work in such a way that an assignment or supervisory event is completed well and within the defined scope and time constraints.
Analytical: demonstrates basic analytical and problem solving skills, independent and critical thinking, and decision making abilities, where appropriate.
Communication: exhibits strong written and oral communication skills. Under close oversight, presents both orally and in written form findings and assessments concerning non-complex supervisory matters or financial organizations to internal and external stakeholders.
Relationship Management: demonstrates the ability to work effectively on a team. Demonstrates flexibility and the ability to make adjustments as needed.
Ability to sit, enter data, and verify data at the Personal Computer (PC) for extended periods of time.
Applicants must be able to provide work authorization to prove their eligibility to work in the United States.
An applicant for employment also must be a U.S. Citizen, U.S. National, or hold a permanent resident/green card with intent to become a U.S. Citizen.
Travel including extended overnight stays is a requirement for the Examiner Job Family. Valid driver`s license required.
The Federal Reserve Bank of Philadelphia believes 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 Bank of Philadelphia is proud to be an equal opportunity workplace.