Fiduciary Risk Specialist (Trust Examiner)

Federal Reserve System; Louisville (KY); On-site; USD 90,000 - 155,000; Full time

Benefits offered by this job

Health insurance

Retirement plan

Paid time off

Job summary

Federal Reserve Bank of St. Louis is seeking a Fiduciary Risk Specialist / Trust Examiner to lead examinations of fiduciary activities and assess risk management in Eighth District financial institutions. You will analyze findings with a team and communicate them to stakeholders.

The role emphasizes risk assessment, compliance with banking laws, and the ability to mentor peers within a high-performance, collaborative culture. Travel up to 50 nights/year to multiple offices is required.

Qualifications

• Bachelor’s degree in business-related field or commensurate experience.
• Five years’ relevant banking experience (e.g., lending, capital markets, Bank Secrecy Act, or related experience).
• Certifications/degrees preferred: CFIRS, CTFA or JD.
• Ability to lead or participate in bank examinations or bank holding company inspections.
• Sound ability to create professional supervisory reports.
• Knowledge in finance, accounting, lending, banking operations or related fields.
• Interest in coaching, mentoring, and developing peers.
• Team-oriented work style; able to be a team member or leader.
• Overnight travel 20-30% of the year (approx. 50 nights).
• Must live in or relocate to the 8th District; offices in Memphis, Louisville or St. Louis; relocation incentives available.
• This position will work onsite and is not eligible for remote status.

Responsibilities

• Evaluate a financial organization’s fiduciary risk profile and communicate supervisory conclusions to stakeholders.
• Assess effectiveness of risk management, including board oversight, policies, controls, and MIS.
• Ensure compliance with banking laws and regulations.

Education

Bachelor’s degree in business-related field

CFIRS/CTFA/JD

Risk analysis

Teamwork

Mentoring

Communication

Job description

Company

Federal Reserve Bank of St. Louis

Our Supervision, Credit and Learning Division is growing and looking for a Fiduciary Risk Specialist / Trust Examiner, to join our team of trust examiners. Responsibilities include leading and participating in examinations of fiduciary activities of Eighth District financial organizations, and assessing fiduciary risk management, compliance, asset management, and operational risk. You will work as part of a team to analyze and communicate examination findings of financial institutions.

We value clear communication, risk management analysis experience and individuals who enjoy working as a member of a team. Our people are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward. Our examiners conduct community and regional bank examinations, and bank holding company inspections.

Travel Requirement

Overnight travel is required, or if in range, commutable travel. You will travel approximately 50 nights per year, averaging 20-30% of workdays within the Eighth Federal Reserve District. It includes overnight stays (up to five consecutive days), travel mostly by vehicle, but some air travel may be involved as well. The St Louis Fed diligently works to provide a positive Work / Life Balance through flexible on-site work arrangements and a compressed work schedule.

We have opportunities to work in our St. Louis, MO, Louisville, KY, and Memphis, TN, offices.

Responsibilities

• Evaluate a financial organization’s fiduciary risk profile and activities to communicate supervisory conclusions to internal and external stakeholders.
• Assess the effectiveness of risk management, including board and management oversight, policies & procedures, internal controls and management information systems.
• Ensure compliance with banking laws and regulations.

Qualifications

• Bachelor’s degree in business-related field or commensurate experience
• Five years’ relevant banking experience (e.g., lending, capital markets, Bank Secrecy Act, or related experience)
  • Candidates with less experience may be considered at a lower job grade or salary.
• One of the following certifications or degrees preferred: Certified Fiduciary and Investments Risk Specialist (CFIRS), Certified Trust Financial Advisor (CTFA) or Juris Doctor (JD)
• Ability to lead or participate in bank examinations or bank holding company inspections, or key areas within those activities
• Sound ability to create professional supervisory reports.
• Knowledge in areas of finance, accounting, lending, banking operations or related fields.
• Interest in coaching, mentoring, and developing peers.
• Work in a team setting, serving as an enthusiastic team member or team leader.
• Overnight travel is required 20-30% of the year (approximately 50 nights).
• You must live in, or relocate to, the 8th District and work out of our Memphis, TN, Louisville, KY or St. Louis, MO, offices. Relocation incentives are available.
• This position will work onsite and is not eligible for remote status.

Total Rewards

Bring your passion and expertise, and we’ll provide the opportunities to challenge you and propel your growth—along with multiple benefits and perks that support your health, wealth, and life.

Salary: $90,000 – $155,000

In addition to competitive compensation, we offer a comprehensive benefits package all brought together in a flexible work environment where you can find balance:

• Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period
• 401k/Thrift Plan with generous employer match
• Employer-funded Pension Plan
• Paid Vacation/Sick Time and Holidays
• Flexible Spending Accounts and Healthcare Spending Accounts
• Life Insurance and Long Term Disability Insurance
• Tuition Reimbursement (undergraduate and graduate)
• Parental Leave
• Free onsite 24/7 Fitness Center including training classes, and locker room / shower facilities (St. Louis office)
• Onsite Coffee Shop (St. Louis office)
• Additional Convenience Benefits, Discounts and More

At the Federal Reserve Bank of St. Louis, we are committed to a strong and resilient economy for all. We prioritize inclusion and strive to be a workplace where all employees can thrive. Learn more about Bank’s culture.

The Federal Reserve Bank of St Louis is an Equal Opportunity Employer.

This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a U.S. citizen when eligible.

All employees who require access to CSI and/or FOMC information are subject to periodic background investigations and must comply with all applicable information handling policies.

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.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Supervision Family Group

Work Shift

First (United States of America)