Supervision Analyst-Review And Quality Control Team

CompanyFederal Reserve Bank of Chicago

The Federal Reserve Bank of Chicago is one of 12 regional reserve banks in the United States, along with the Federal Reserve Board of Governors in Washington, D.C., which make up the nation's central bank. The Bank is committed to adhering to a culture of excellence, respect, integrity and responsibility.
As part of its core mission, the Supervision & Regulation (S&R) Department of the Federal Reserve Bank of Chicago is responsible for supervising and regulating state-chartered banks that are members of the Federal Reserve System, bank holding companies, and financial holding companies. Organizations within the boundaries of the Seventh District are located within Illinois, Indiana, Michigan, Wisconsin, and Iowa. Our duty is to foster the stability, integrity and efficiency of the nation's monetary, financial and payment systems to promote optimal economic performance.

The Review and Quality Control (RQC) team within the Consumer Compliance and Supervisory Operations (CCSO) Division is responsible for conducting reviews of supervisory products created by examination staff across business lines and supervisory portfolios, to ensure consistency with expectations and guidance. The team also provides reporting to leadership that outlines common findings, providing a horizontal perspective, and identifying opportunities for training and improving our supervisory work products.

The Supervision Analysis job family supports the supervision process for the Community, Regional and Specialty Bank (CRSB) Supervision, Large Bank Supervision, Risk Management, and Quantitative Analysis job families with analytics, data gathering and Quality assurance. Members of the Supervision Analysis job family conduct analysis, perform research, develop and generate analytical tools through broad exposure to a variety of data and information tools.

This Supervision Analyst will support the RQC team’s role in ensuring quality in our products across business lines and supervisory portfolios. This candidate will work with the full RQC team to help establish and maintain ongoing consistencies and efficiencies in approach and support the centralized supervisory operations function within the department.

The Supervision Analyst independently prepares supervisory data, conducts research, and develops and generates moderately complex analytical tools and products. The individual researches, responds to, and disseminates information to key internal and some external constituents.

The level of work required is considered intermediate and staff must be able to work under general supervision. This position has no direct reports.

Your Responsibilities

• Contribute to supervisory product and documentation review and provide related feedback to stakeholders
• Support the overall supervision of financial institutions by preparing supervisory data, conducting research, developing and generating intermediate to moderately complex analytical tools
• Collect and provide quantitative and qualitative analysis for moderately complex financial institutions
• Prepare intermediate to moderately complex briefing materials for stakeholders within the division, department and Bank
• Develop project plans, timelines and milestones for moderately complex to complex projects
• Create and provide intermediate to moderately complex analysis, reports, documents and other correspondence to internal and external stakeholders
• Evaluate the efficiency and effectiveness of supervisory and reporting processes, procedures, programs and requirements
• Prepare and present both orally and in written form, findings and assessments concerning intermediate to moderately complex matters or institutions to internal and external stakeholders
• Develop relationships within the team, division and department
• Provide guidance, training and constructive feedback to less experienced staff

Your Background

• Bachelor's degree or equivalent experience
• Three plus years of direct work-related experience

• Demonstrate the ability to understand and execute risk focused supervision and process; demonstrate the ability to apply the knowledge in completing assignments
• Demonstrate technical aptitude
• Demonstrate intermediate to advanced analytical and problem solving skills
• Demonstrate independent and critical thinking and decision making abilities as well as have solid written and oral communication abilities
• Possess the ability to provide guidance and constructive feedback to less experienced staff
• Possess strong teamwork skills and the ability to build and work collaboratively within and across work teams
• Demonstrate the ability to manage time and projects effectively by adjusting quickly to new and different priorities
• Demonstrate aptitude to leverage relevant technology and software applications
• Possesses general business acumen

Location

This position is hybrid. Your presence will be expected at one of the 7th Districts locations—Chicago, Detroit or Des Moines

What We Offer

• Comprehensive benefits package, including medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off and transit benefit.
• A continuous learning environment with opportunities to gain new skills and grow your career.
• Onsite gym and subsidized cafeteria

Other Requirements:

• 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 applicable background checks 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.
• As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank’s ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. 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, who can provide you contact information for our ethics official if necessary.
• Ability to travel up to 10%

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status

Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job CategoryBank Examination

Work ShiftFirst (United States of America)

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.

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