Reference #: R-0000020631 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.

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.

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

SRC has examiner positions at different levels, ranging from assistant to supervising. Each level is differentiated by requisite years of experience and examiner commissioning requirements, as well as by the degree of oversight required and discretion exercised in job performance. The levels are also differentiated by degree of complexity in the supervisory issues addressed, the duties performed, the professional skills applied and the key behavioral competencies required. Job expectations, duties and skills required at the higher levels build upon those of the lower levels.

Job Summary: For this position, the Federal Reserve Bank of Philadelphia is seeking to find a commissioned bank examiner or a candidate with five or more years of experience at a regulatory agency; while a commissioning status is highly preferred, it is not required.

An examiner 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 supervisory team for a specific financial organization or group of financial organizations. Examiners are involved in the direct supervision of financial organizations of various sizes and complexity. An examiner conducts an analysis of the financials; assesses compliance with laws and regulations; evaluates risk management practices; and communicates findings and assessments to various internal and external stakeholders, including the senior management and the boards of directors at the financial organization. The level of work required is generally considered intermediate to complex. The individual may have advanced skills in one or more disciplines.

Examiner Job Family positions are involved in core supervision work. The key responsibilities involved in core supervision work, at a minimum, are: Conducting analysis of current financial conditions and trends. Analyzing loans and other assets related to specific financial organizations and portfolios of financial organizations. Assessing financial organizations' compliance with all applicable laws and regulations. Determining the quality of the financial organizations' internal controls, audit systems, board/management oversight and other risk management practices. Communicating findings and assessments to various stakeholders. Evaluating corrective actions required to bring financial organizations into compliance with safe and sound banking practices and applicable laws and regulations; and Developing the policies, procedures, and guidance necessary to execute core supervision responsibilities.

What You Will Do: Principal Duties and Responsibilities: An examiner general y performs the duties below for moderately complex to complex situations or financial organizations: Leads and participates in supervisory events for state-member banks, bank- and non-bank subsidiaries, trust departments, service providers, bank holding companies and savings and loan holding companies. Serves effectively as an EIC to ensure the successful completion of a supervisory event, including assessment of the financial organization's overall condition, risk management practices, and compliance with applicable laws and regulations. Scope, organize, and control supervisory event activities; supervises assigned staff; develops institutional profiles, risk assessments, supervisory plans, and scope memoranda; prepares a comprehensive supervisory event report within a scheduled time frame; discusses 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 a key role in ongoing supervision activities when assigned as dedicated EIC or similar risk specialty. Determines the adequacy of a financial organization's risk management systems for identifying, measuring, monitoring and controlling risk 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. Assesses the quality of management and board(s) of directors. Interprets information and reviews 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 organizes information, derives sound analyses, conducts thorough and accurate work, supports findings and conclusions, makes recommendations and decisions, and follows up as appropriate. Develops and communicates findings, recommendations, ratings and supervisory actions for moderately complex to complex supervisory issues to internal and external stakeholders. Conducts briefings on financial organizations and/or situations on a regular and/or ad hoc basis for internal and external stakeholders, including Board of Governors' staff. Develops 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 supervisory event issues. Participates in department and System-wide initiatives, including, but not limited to, working with staff from other Reserve Banks, the Board of Governors' and other regulatory agencies. Serves as a mentor and coach while providing constructive feedback to staff at all levels. Completes 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. Five or more years of direct banking supervision experience is required. This level is the first at which the incumbent is commissioned by the Board of Governors to act as EIC for Safety and Soundness supervisory events. In order to receive this commission, the incumbent must complete the required Examiner Commissioning Program, pass the required commissioning testing, and demonstrate mastery of the skills and competencies required of a commissioned examiner.

Knowledge and Skills: Job Knowledge: possesses and applies both specific and broad-based knowled