Large Bank Examiner - Operational Risk, Supervision and Regulation

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 Federal Reserve Bank of Chicago’s (FRB-C) Large Financial Banking Organizations (LFBO) Division, which sits within the Supervision and Regulation (S&R) Department, is comprised of banking risk specialists who supervise the largest, most complex domestic and foreign banking organizations within the 7th District.

Members of the Large Bank Supervision job family provide supervisory oversight through continuous monitoring and examination activity by reviewing bank materials and engaging with institution executives who have a deep knowledge of their functional or risk area.

The Large Bank Examiner uses in-depth knowledge to identify risks through on- and off-site examination and monitoring activities to ensure the firm is operating in a safe and sound manner and in compliance with applicable laws and regulations.

The individual also independently performs research and writes comprehensive analysis in risk discipline.

The level of work is generally considered intermediate and staff must be able to work under general supervision.

This position has no direct reports.

We have an excellent opportunity for a motivated individual to be a member of an LFBO (Large Financial Banking Organization) Dedicated Supervisory Team.

The position is responsible for determining the effectiveness of an LFBO’s firm’s operational risk management framework that supports the identification, measurement, assessment, and control of the full spectrum of operational risks.

The individual will lead supervisory assessments and examinations over these areas as well as a spectrum of related non-financial risks to promote operational resiliency and risk management of core business lines.

Your Background:


* Participates in ongoing supervision efforts of large institutions, such as examinations/target reviews and continuous monitoring


* Assesses the adequacy of risk management systems, policies and procedures, and compliance with laws and regulations


* Leverages risk discipline knowledge to support development of supervisory strategies for large or...