Company
Federal Reserve Bank of Richmond
At the Richmond Fed, we’re driven by our mission to strengthen the economy and our communities. We take great pride in what we do and it impacts everyday people every day. When you join our team, you’ll become part of a culture that welcomes differences, cares about our communities, and empowers each other to lead from where we are to make things better.
Bring your passion and we’ll provide challenging and purposeful careers in a variety of fields, opportunities to grow and a wide range of benefits and perks that support your health and wealth. It’s all part of what makes #MyRichmondFed a great place to work!
About the Opportunity
The Supervision, Regulation, and Credit Department, Large Financial Institutions Supervision unit has an immediate opening for an examiner with a specialty in the areas of capital planning and positions with an emphasis on counterparty credit risk and trading risk management.
You will support the Central Bank’s supervision of global systemically important financial institutions and evaluates the risk management practices for the largest financial institutions in the country. Reporting to a Senior Manager, you will be responsible for monitoring and examining specific areas of counterparty credit risk in the day-to-day execution of the Large Institution Supervision Coordination Committee (LISCC) Capital Program, a year-round supervisory program that assesses the capital adequacy, capital planning, and financial risks and controls of the largest bank holding companies on a forward-looking basis.
What You Will Do:
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Perform as a team member to execute a supervisory plan for counterparty credit risk reflective of the supervisory work required to evaluate firms’ capital planning and financial risk management and internal controls.
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Serve as a subject matter expert on the horizontal team and participate in the development and execution of examination scope memorandums, assessment work programs, conclusion memorandums, and supervisory feedback letters.
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Participate in the assessment of firms’ remediation of supervisory issues and elevating issues to the Deputy Team Leads, where appropriate, delivering clear, written and oral supervisory messages to firm leadership in collaboration with other Capital Program participants and the Dedicated Supervisory Teams.
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Contribute to the development and implementation of analytical and other tools to systematically monitor, analyze and report on counterparty-related capital and financial conditions and developments at LISCC firms.
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Analyze trends and developments across LISCC firms using regulatory and financial data from a variety of sources including published reports, databases, and firms’ internal proprietary data.
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Monitoring and reporting on changes in inherent risk and risk management practices for a portfolio of LISCC firms and developing knowledge and expertise of the counterparty credit risk management practices for those firms.
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Perform as a team member, influencing management actions to achieve supervisory goals, communicate findings to appropriate partners; perform as an expert, providing insights to appropriate partners.
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Proactively coordinate with colleagues across the LISCC program to incorporate their views into supervisory results and products, including peer perspective.
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Communicate regularly with supervised large financial institutions and regulatory agencies and brief Federal Reserve executive management on appropriate issues.
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Contribute to and periodically lead Federal Reserve System and Department workgroups, initiate change by seeking opportunities to participate in priority projects.
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Develop and maintain associations with Board of Governors, LISCC National Program members, other regulators, and peers System-wide.
Qualifications:
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Experienced financial professional with 5 years of regulatory or industry experience with balance sheet/financial risk management and capital planning and positions at large financial institutions
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Bachelor’s degree in Finance, Economics, Business, or related field. Master’s degree preferred.
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Examiner commission and credentials preferred or commensurate industry experience.
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Experience working in multiple environments while maintaining focused, quality execution.
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Experience communicating complex, technical matter to different partners.
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Experience completing complex assignments while managing multiple assignments, prioritizing and delegating to meet goals.
Discover the Reason Why So Many People Love It Here!
When you join the Richmond Fed, not only will you find a challenging and purposeful career, you’ll also have access to a wide range of benefits and perks that support your health and wealth, including:
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Great medical benefits
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Pension and 401(k) with employer match
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Paid time off
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Tuition reimbursement
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Employee resource networks
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Paid volunteer leave
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Flexible work options
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Onsite amenities that make working here fun!
Other Requirements and Considerations:
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A requirement of this position is that the employee must be fully vaccinated against COVID-19; individuals who are unable to be vaccinated due to a medical condition or sincerely held religious belief may request an accommodation from the Bank.
In addition, all candidates must undergo an enhanced background check and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.
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The hiring range of the Examiner – LFI – Sr. is $119,700 - $149,600 annually.
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The hiring range of the Examiner – LFI – Adv. is $130,200 - $162,800 annually.
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Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications.
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Applications are reviewed on a rolling basis. Interested candidates are strongly encouraged to apply by August 1st, 2022.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Bank Examination
Work Shift
First (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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.