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Reference #: R-0000028234 CompanyFederal Reserve Bank of Philadelphia

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.

This job description is for the Examiner Job Family and is intended primarily for positions within the Safety and Soundness and Consumer Compliance (CC)/Community Reinvestment Act (CRA) business lines in Supervision, Regulation and Credit (SRC).

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.

The level of work required is generally considered highly complex. The individual maintains advanced skills in one or more disciplines.

What You Will Do: Participates as a member of a point in time supervisory event team, as an Examiner in Charge (EIC) of a supervisory event, and/or as a member of a dedicated supervisory team for a specific financial organization or group of financial organizations. Involved in the direct supervision of financial organizations, addressing the most complex supervisory issues.

Conducts analyses, assesses compliance with laws and regulations, assesses risk management systems, and communicates findings and assessments to various internal and external stakeholders, including senior bank management and boards of directors. The level of work required is generally considered highly complex. The individual maintains advanced skills in one or more disciplines.

A Supervising Examiner generally performs the duties below for highly complex situations and/or financial organizations and non-traditional financial organizations. Leads and participates in the most complex supervisory events of state member banks, bank- and non-bank subsidiaries, trust departments, and service providers, BHCs and SLHCs. Serves effectively as an EIC to ensure the successful completion of a supervisory event, including the assessment of the financial organization overall condition, risk management systems, and compliance with applicable laws and regulations. Assesses financial organizations' consumer compliance risk management program, compliance with applicable consumer protection laws and regulations, and performance under the CRA. Scope, organize, and control supervisory event activities supervises assigned staff; develop institutional profiles, risk assessments, supervisory plans, and scope memoranda; prepare a comprehensive exam/inspection report within a scheduled time frame; discuss conclusions with the senior management of the financial organization and, when necessary, its board of directors. Provides feedback on the supervisory event team's performance when acting as EIC. Serves key role in ongoing supervision activities when assigned as dedicated EIC or similar risk specialty role. Exercises independent judgment in determining objectives of and approaches to assignments as well as in determining findings and resolutions regarding financial organization-specific and broader supervisory issues. Manages highly complex supervisory issues to achieve supervisory or organizational goals. Determines the adequacy of a financial organization's risk management systems for identifying, measuring, monitoring and controlling isk in various specialty areas. Assesses a financial organization's internal controls, including internal audit, policies, procedures, and risk monitoring systems. Assesses financial organizations' compliance with all applicable laws and regulations; assess consumer compliance risk management program, compliance with applicable consumer protection laws and regulations, and performance under the CRA. Assesses the quality of management and boards of directors. Interprets information and review data in order to make decisions, establish priorities, and develop hypotheses to facilitate the understanding of events and circumstances, making projections to forecast trends. Gathers and organize information, conduct sound and accurate analyses, support findings and conclusions, make recommendations and decisions, and follow up, as appropriate. Assesses emerging trends and potential impact on assigned financial organization(s); develop analytical processes to monitor risk. Develops and communicate findings, recommendations, ratings and supervisory actions for the most complex supervisory issues to internal and external stakeholders: Conducts briefings on complex financial organizations and nontraditional situations on a regular and ad- hoc basis for internal/external stakeholders, including Board of Governors staff. Maintains relationships with supervisory personnel at the Board of Governors and other Reserve Banks, as well as with senior management and directors of supervised financial organizations to ensure thorough evaluation and the communication of highly complex supervisory event issues.

Performs other duties as assigned: Leads or participate in department and System initiatives, including, but not limited to, working with staff from other Reserve Banks, the Board of Governors and other regulatory agencies. Serves as a subject matter expert in area of expertise and apply the subject matter knowledge across a broad range of supervisory issues. Serves as a mentor and coach, providing constructive feedback to staff at all levels. Serves in a formal training capacity, as applicable. Complete other special projects or tasks as assigned

What You Have: Education and Experience: A bachelor's degree is required; a major in business, economics, finance, accounting, law or a related field is preferred. Minimum 10 years of direct or comparable banking, financial or other industry, or banking supervision experience. An active commission issued by the Board of Governors of the Federal Reserve System is required.

Knowledge and Skills: Job Knowledge Possesses and applies both specific and broad-based knowledge and principles, practices and procedures of the field of specialization toward completing assignments. Demonstrates a highly specialized understanding of supervision processes as well as banking processes and products. Understands the full interplay of a financial organization's various operations and associated risk and assesses the quality of risk management systems from an enterprise-wide perspective. Synthesizes analysis and/or supervisory event findings into a risk-focused presentation suitable for the intended audience.

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, demonstrating the ability to effectively lead a team. Develops supervisory event/project plans, timelines and milestones for supervisory events/projects of high complexity. Advises others and coordinates their schedules to address priority issues. Establishes the goals an