at Federal Reserve System in Chicago, Illinois, United States
Job Description
Company
Federal 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 Consumer Compliance and Supervisory Operations (CCSO) Division is responsible for supporting the end-to-end supervisory operations of business lines across S&R. The Centralized Bank Examination Services Team (CBEST) helps drive the success of partners by providing pre-examination products, services, and guidance to ensure consistency in Community Bank Safety & Soundness (S&S), and Consumer Compliance and Community Reinvestment Act (CC/CRA) examination processes. CBEST is responsible for preparing pre-examination analysis and packets (CC/CRA Packets, S&S supervisory and Bank Secrecy Act (BSA) pre-scopes), performing data collection and risk identification of loan portfolio data, generating loan data samples, coordinating pre-examination meetings, and reviewing examination scope memo and examination request letter material.
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.
The Senior Supervision Analyst draws on professional experience and knowledge to independently prepare supervisory data, conduct research and develop and generate moderately complex to complex analytical tools. The Senior Supervision Analyst independently disseminates information to key external constituents as well as internal constituents throughout the department and Bank.
The level of work is generally considered advanced, and staff must be able to work under minimal supervision. This position has no direct reports.
Your Responsibilities:
+ Support business partners and the supervisory process by conducting data analysis and producing pre-exam packets (CC/CRA Packets, S&S supervisory and BSA pre-scopes)
+ Perform data collection and risk identification of S&S loan portfolio data provided by supervised institutions
+ Manipulate loan data to generate samples for transaction testing at S&S and CC/CRA supervisory events
+ Coordinate and facilitate pre-exam (CC sample discussion and S&S scoping meetings) and supervisory planning meetings
+ Review examination scope memo and examination request letter material
+ Develop expertise in the examination processes and using supervisory tools and other tools to optimize productivity
+ Draws on professional experience to support the overall supervision of financial institutions by preparing supervisory data, conducting research, developing, generating and implementing moderately complex to complex analytical tools and products
+ Draws on professional experience to collect and provide advanced quantitative and qualitative analysis for financial institutions that have moderately complex to complex supervisory issues
+ Independently prepares moderately complex to complex briefing materials for stakeholders within the department and Bank
+ Develops, implements, and leads project plans, timelines and milestones for complex projects
+ Creates and provides complex analysis, reports, documents and other correspondence to internal and external stakeholders
+ Independently evaluates the efficiency and effectiveness of supervisory and reporting processes, procedures, programs and requirements; provides recommendation to improve such areas
+ Prepares and presents both orally and in written form, findings and assessments concerning complex matters or institutions to internal and external stakeholders
+ Builds and maintains strategic work relationships and networks with both internal and external stakeholders, such as other Reserve Banks and the Board of Governors
+ Serves as a mentor and/or coach; provides guidance, technical expertise and constructive feedback; trains and helps develop staff members
Your Background:
+ Bachelor’s degree or equivalent experience
+ Five plus years of direct work-related experience
+ Demonstrates the ability to understands and execute risk focused supervision and processes the ability to help others to do so; demonstrates the ability to apply complex concepts and inter-dependencies in completing tasks
+ Demonstrates technical aptitude
+ Demonstrates advanced analytical and problem solving skills
+ Demonstrates independent and critical thinking and decision-making abilities as well as have strong written and oral communication abilities
+ Demonstrates the ability to provide effective direction or consultation
+ Possesses the ability to coach/guide and provide constructive feedback to all levels of staff
+ Possesses strong teamwork skills and the ability to build and work collaboratively within and across work teams
+ Demonstrates the ability to effectively lead a team without authority and to resolve moderately complex to complex issues
+ Demonstrates the ability to manage time and projects effectively by adjusting quickly to new and different priorities
+ Demonstrates 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.
+ A wide range of Diversity, Equity, and Inclusion community groups as well as active employee resource groups and mentorship programs.
+ Onsite gym and subsidized cafeteria.
Other Requirements:
+ Ability and willingness to travel up to 5%
+ This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.
+ 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 res
