Job Information
The Federal Reserve Bank of Philadelphia Senior Specialist - Examinations in Philadelphia, Pennsylvania
Reference #: R-0000027653 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.
Job Summary:
Using established skills in specialized area of expertise, serves as EIC (examiner in charge) and/or assists on highly complex target reviews and highly complex examinations or inspections of domestic banking activities, trust and securities related activities, other approved activities, information technology processing and audit function, and compliance with commercial and consumer protection laws and regulation in state member banks and bank holding companies, Edge Act corporations, and U.S. offices of foreign banking institutions. Assists the EIC and/or CPC (central point of contact) in planning examination or inspection activities in specialized area of expertise. Acts as lead examiner in specialized area of expertise during an examination or inspection and ongoing supervision activities Participates on or leads Supervision, Regulation and Credit (SRC) or System workgroups in area of expertise.
What You Will Do: Using established skills in specialized area of expertise, acts as lead examiner and/or assists on more complex examinations or inspections of state member banks, financial holding companies and bank holding companies, Edge Act corporations, and U.S. offices of foreign banking institutions. Compiles and analyzes data in specialized area of expertise, which includes analyzing risk management practices, formulating conclusions, and preparing comments on findings and recommendations. Assists the examiner in charge (EIC) in planning, organizing, and controlling examination or inspection activities in specialized area of expertise by reviewing pre-examination and inspection materials in specialized area of expertise; appraises EIC of the condition of organization in specialized area of expertise; analyzes moderate to highly complex issues to reach conclusions; prepares comprehensive examination/inspection report findings and supporting work papers within scheduled time frames; discusses conclusions with senior management and, as appropriate, boards of directors of financial institutions. Determines risks and exposures of financial institutions in specialized area of expertise by analyzing financial and other surveillance data of a highly complex nature from financial institutions. Supervises the performance of special projects related to supervision and regulation of financial institutions; performs projects of a highly complex nature; serves on or leads SRC or Federal Reserve System workgroups, task forces, and project groups. Maintains knowledge by keeping abreast of developments in both banking legislation and the banking industry. Conducts on-the-job training for examiners and assistant examiners in specialized area of expertise. Demonstrates effective Supervision, Regulation and Credit (SRC) Core Competency skills for grade and position. Actively involved in the accomplishment of departmental and/or Bank-wide quality initiatives. Fulfills job duties and responsibilities in conformance with sound safety practices. Performs other related duties as assigned. Complies with all applicable information security policies, guidelines, and practices.
What You Have: Education and Experience: Bachelor's degree or equivalent education and experience is required, with concentration in finance, accounting, or business desirable. Over ten years bank examination and/or financial institution experience is required, with concent ation in area of specialized expertise.
Knowledge and Skills: Specialized knowledge, expertise or skills that are directly relevant to evaluating the safety and soundness or consumer compliance/Community Reinvestment Act (CRA) activities of financial institutions. Excellent written and oral communications skills. Strong analytical and problem-solving skills. Excellent interpersonal skills. Strong time management skills.
Other Requirements: Applicants must be able to provide work authorization to prove their eligibility to work in the United States. An applicant for employment also must be a U.S. Citizen, U.S. National or 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 permanent residents must sign a declaration of intent to become a U.S. citizen when eligible to do so and pursue a path to citizenship. Valid driver's license required. Some travel required.
Physical Requirements: Ability to lift and carry suitcase/briefcase with examination materials, workpapers, and PC
The salary grade for this position is: 16. Final salary and offer will be determined by the applicant's background, experience, and skills, and internal equity and alignment with market data.
We offer a great benefits package that features: 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 & Holidays Monthly $100 Commuter Allowance Flexible Spending Accounts and Healthcare Spending Accounts Flexible Work Schedule available in most departments Life Insurance and Long Term Disability Insurance Tuition Reimbursement (undergraduate and graduate) Parental Leave Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities Onsite Cafeteria & Coffee Shop Additional Convenience Benefits, Discounts and More...
Additional Information: The Federal Reserve Bank of Philadelphia takes your information privacy seriously.Federal Reserve Bank of Philadelphia staff will only email you from the "@phil.frb.org" domain or through the Workday system "rb@myworkday.com". If you are initially contacted by phone, feel free to request that the caller provide you with their email address to validate their identity. If you have any questions about the validity of someone who contacts you regarding this position, please email the Talent Acquisition team at TalentAcquisition@phil.frb.org. The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer nine employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace. We have nine employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Latin and Hispanic Heritage, Working Families and Veterans. ERGs are open to all employees. We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interv