This job is eligible for a hybrid schedule with some on-site work expected. The individual is excepted to reside in the 1st District unless you were given an exception.
The Offsite Supervision team is an eight-member team that monitors banks between bank examinations and provides other analysis of moderate complexity. You will report directly to the Offsite Manager, and your daily work is overseen by a more senior analyst.
Responsibilities:
- Conduct quarterly off-site analysis of individual financial institutions and identify for further discussion with internal management, those that present current or potential supervisory concerns. Utilizing available risk data and tools, analyze individual institution and portfolio-level condition to identify underlying issues and/or emerging risk, and contribute to the development of supervisory strategies to address those risks.
- With some guidance, contribute to other supervisory responsibilities, such as capital distribution assessments, small shell holding company inspections, institutional overviews, and examination response assessments.
- Perform responsibilities associated with Board of Governors’ Surveillance program, including detailed assessments of factors contributing to inclusion in the program, identification of important issues, and recommendation for supervisory response.
- Remain current on economic and industry data to supplement regulatory information when analyzing individual institutions and portfolios, and to support recommendations for supervisory action.
- Periodically, participate on examinations in several key examination roles, working with senior staff members to assess an institution’s overall condition, risk management systems, and compliance with applicable laws and regulations.
- Contribute to the achievement of unit and department strategic goals by participating in special unit, department, or System projects.
Qualifications:
- Master’s degree or equivalent and two or more years of financial industry or regulatory work experience. You will complete the Examiner Commissioning Program (ECP).
- You have working knowledge of financial statements. With some oversight from senior staff, you can frame and communicate metrics, trends, and conditions both orally and in written form.
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.
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 candidatesmust 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 allduties, responsibilitiesor skills associated with this position or the personnel so classified. While thisjob descriptionis intended to be an accurate reflection of this position, management reserves the right to revise this or anyjob descriptionat its discretion at any time.