Fiduciary Risk Specialist (Trust Examiner)

Federal Reserve Bank of St. Louis; St. Louis (MO); On-site; USD 90,000 - 155,000; Full time

Benefits offered by this job

Medical Insurance

401k/Thrift Plan

Pension Plan

Vacation & Holidays

Flexible Spending Accounts

Life Insurance

Tuition Reimbursement

Parental Leave

Onsite Fitness Center

Onsite Coffee Shop

Job summary

The Federal Reserve Bank of St. Louis seeks a Fiduciary Risk Specialist / Trust Examiner to lead examinations of fiduciary activities across the Eighth District and assess fiduciary risk management, compliance, asset management, and operational risk.

You will work with a team to analyze and communicate examination findings, contribute to supervisory reporting, and support a collaborative culture. Travel up to ~50 nights/year to St. Louis, Memphis, Louisville, or other 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).
• Certification or degree preferred: CFIRS, CTFA or JD.
• Ability to lead or participate in bank examinations or bank holding company inspections.
• Strong supervisory reporting ability.
• Knowledge in finance, accounting, lending, banking operations or related fields.

Responsibilities

• Evaluate a financial organization's fiduciary risk profile and communicate supervisory conclusions.
• Assess effectiveness of risk management and internal controls.
• Ensure compliance with banking laws and regulations.

Skills

Fiduciary risk analysis

Team leadership

Report writing

Education

Bachelor's degree in business or commensurate experience

Job description

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)
• 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.
• Candidates with less experience may be considered at a lower job grade or salary.

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.

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)

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.