Senior Large Bank Examiner - Legal and Compliance

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 Large Financial Banking Organizations (LFBO) Division within the Supervision and Regulation (S&R) Department of The Federal Reserve Bank of Chicago is seeking candidates for a position focusing on the assessment of corporate compliance and legal practices within a large and complex financial institution.

The Senior Large Bank Examiner will be responsible for determining the effectiveness of an LFBO institution’s corporate compliance and legal risk management practice.

The individual will lead supervisory assessments and examinations over these area as well as a spectrum of related non-financial risks, including fiduciary and privacy risks.

An ability to effectively coordinate with other domestic and global regulators is a key aspect of this role.
Additionally, as a member of a large bank dedicated supervisory team, the individual will participate in assessing the institution's risk management practices across other risk topics.

Resource workload permitting, the individual may also be engaged in other team, department, and system initiatives.

Your Responsibilities:


* Consult and serve as an initial contact and subject matter expert for the supervised areas and maintain familiarity with relevant supervisory and industry guidance on compliance.


* Review the institution's business model and understand the relevant supervisory expectations and requirements to which the institution is subject and interpret how those requirements impact the institution's related processes and risk management practices.


* Prepare and deliver clear, well-supported, and persuasive findings in formal written and verbal presentations on supervisory conclusions and relevant issues to financial institution and senior Reserve Bank management.


* Perform ongoing supervision by leading meetings with institution management and reviewing institution-submitted materials to ensure objective and timely assessment of compliance and legal risk.


* Maintain an understanding of key risk management perspectives from other regulatory agencies, pr...