Assistant Community Regional Specialty Bank (CRSB)- Safety & Soundness

Federal Reserve Bank of Minneapolis; Chicago (IL); On-site; USD 55,000 - 75,000; Full time

Job summary

Federal Reserve Bank of Chicago is seeking entry-level professionals for the Examiner Commissioning Program in the Supervision & Regulation Department. You will participate in an intensive 3–5 year training track combining on-the-job and classroom learning to become a Commissioned Bank Examiner.

As an Assistant CRSB Examiner, you will contribute to examinations of regional and community banks and holding companies, working with teams across the division and interfacing with institution

Qualifications

• Bachelor’s degree or equivalent; coursework in Accounting, Economics, Finance, Public Policy or Business Administration preferred.
• Ability to understand risk-focused supervision and processes.
• Analytical and problem-solving skills with basic to intermediate capability.
• Demonstrates critical thinking and decision-making abilities.

Responsibilities

• Works with senior staff in full scope examinations or inspections to assess the institution's condition and risk management.
• Prepares oral and written findings and assessments for internal and external stakeholders.
• Assists in developing actions and responses to resolve basic issues.
• Creates basic reports and correspondence for internal and external stakeholders.
• Builds working relationships within the team, division and department.
• Completes portions of core curriculum courses in the Examiner Commissioning Program and on-the-job training.

Skills

Critical thinking

Verbal communication

Written communication

Analytical skills

Risk management understanding

Education

Bachelor's degree or equivalent experience

Coursework in Accounting, Economics, Finance, Public Policy or Business Administration

Job description

Federal Reserve Bank of Chicago

The Federal Reserve Bank of Chicago is one of 12 Reserve Banks that, along with the Board of Governors in Washington, D.C., constitute the Federal Reserve System, which was established by Congress in 1913.

The fundamental mission of the Federal Reserve System is to foster the stability, integrity and efficiency of the nation's monetary, financial and payment systems and to promote optimal economic performance.

To this end, the Federal Reserve Bank of Chicago serves the public interest by participating in the formulation and implementation of national monetary policy; supervising and regulating state member banks, bank holding companies and foreign bank branches; providing financial services to depository institutions, designated financial market utilities, and the U.S. government; and promoting consumer protection and community development. The Federal Reserve Bank of Chicago serves the Seventh Federal Reserve District comprising of a five-state region, including all of Iowa and most of Illinois, Indiana, Michigan and Wisconsin.

Supervision & Regulation Department

Supervision and Regulation (S&R) plays a critical role in The Federal Reserve Bank of Chicago's core mission, supervising state-charted banks that are members of the Federal Reserve System, bank holding companies, financial holding companies and savings and loan holding companies. Our duty is to foster the stability, integrity and efficiency of the nation's monetary, financial and payment systems to promote optimal economic performance. We seek individuals who hold themselves to the highest standards, who flourish in an environment of collaboration and innovation. Our most successful staff have strong critical thinking skills, as well as strong verbal and written communications capability.

The Federal Reserve Bank of Chicago is looking for entry - level applicants with a strong desire to join our organization for our Examiner Commissioning Program.

We have teams in Des Moines, Detroit and Chicago carrying out exams in our Regional & Community Supervision (RCS) Division. Examiners in the RCS Division conduct examinations of regional and community bank and holding company performance based on financial condition, operational controls, risk management practices, and compliance with banking regulations.

If you are a recent college graduate or have 1-3 years of experience with a background in Accounting, Banking, Finance, Public Policy, Economics, or Business, check out this exciting opportunity! As an Assistant CRSB Examiner at the Federal Reserve Bank of Chicago, you will participate in an intensive multi-year training program.

This 3-5-year program combines on the job training with classroom training in preparation to become a Commissioned Bank Examiner.

The CRSB Supervision family provides supervisory oversight for financial institutions of varying complexities that have a close relationship with the communities they serve. Members of the CRSB job family generally conduct full scope or target examination and inspections of CRSB firms by working with different teams and staff across the department and through interaction with institution executives with broad responsibilities. The Assistant CRSB Examiner serves as a member of full scope point-in-time examinations or inspections. Level of work is generally considered entry level, and staff must be able to work under close to general supervision. This position has no direct reports.

Your Responsibilities:

• Works with senior staff members, in full scope examinations or inspections to assess the institution`s overall condition, risk management systems, and compliance with applicable laws and regulations during the examination process and/or through continuous monitoring
• Under close oversight, presents both orally and in written form findings and assessments concerning less complex supervisory matters to internal and external stakeholders
• Assists in developing and recommending actions and responses to resolve basic issues
• Creates and provides basic reports, documents, and other correspondence to internal and external stakeholders
• Develop working relationships within the team, Division and Department
• Completes portions of the core curriculum courses in the Examiner Commissioning Program (ECP), and on-the-job (OJT) training assignments

Your Background:

• Bachelor's degree or equivalent experience. Coursework in Accounting, Economics, Finance, Public Policy or Business Administration preferred
• Possesses the ability to understand risk focused supervision and processes
• Demonstrates basic to intermediate analytical and problem-solving skills
• Demonstrates critical thinking and decision-making abilities as well