Job Information
Federal Reserve System Central Point of Contact - Regional Banking Organization in Philadelphia, Pennsylvania
Company
Federal 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.
The Regional Banking Organization (RBO) Central Point of Contact (CPC) leads supervisory activities relating to the supervised organization. Firms in the RBO portfolio generally have an asset size between $10 billion and $100 billion.
The CPC develops the supervisory plan, leads supervisory activities, and maintains an understanding of the assigned supervisory firm’s business strategies and risk management practices.
The following job descriptions details the requirements for a Supervising Examiner. Applicants with less experience or education may be considered for the Senior Examiner position.
What You Will Do:
Develop and implement a risk-focused supervisory plan.
Identify and communicate firm-specific supervisory risks and issues.
Conduct effective risk prioritization, identification of resource requirements, and ensure that supervisory products convey an accurate view of the organizational issues.
Communicate with peers and senior SRC leaders. Establish and maintain effective working relationships with FR System management and other regulatory stakeholders (e.g., Board of Governors, other agencies, etc.) to ensure communication of key risks and appropriate supervisory response.
Establish and maintain strong lines of communication with the supervised entity’s board of directors and executive management team.
Maintain knowledge of the firm’s financial condition; risk management practices; management structure; strategic plan and operations; emerging risks and trends; banking and economic conditions; and ongoing developments.
What You Have:
Education and Experience :
Bachelor's degree is required; a major in business, economics, finance, accounting, law or a related field is preferred.
A minimum of eight years of direct or comparable banking, financial or other industry, or banking supervision experience.
Commissioned by the Board of Governors (BOG), possesses a commission from a federal banking supervision agency, or agreement to pursue a commissioning preferred.
Knowledge and Skills:
Job Knowledge
Possesses and applies both specific and broad-based knowledge including principles, practices and procedures of the field of specialization toward completing assignments.
Demonstrates an advanced understanding of supervision processes as well as banking processes and products.
Understands the full interplay of a financial organizations various operations and associated risk and assesses the quality of risk management systems from an enterprise-wide perspective.
Supervisory Event / Project Management
Organizes and manages work in such a way that an assignment or supervisory event is completed well and within the defined scope and time constraints, demonstrating the ability to effectively lead a team.
Develops supervisory event/project plans, timelines and milestones for complex supervisory events/projects and acts to ensure plan goals are achieved.
Assigns work and tasks to supervisory event/project team and coordinates completion of supervisory event/project deliverables.
Analytical
Demonstrates advanced analytical and problem-solving skills, independent and critical thinking, and decision-making abilities.
Recognizes symptoms that may indicate more significant problems or issues.
Communication
Exhibits strong written and oral communication skills.
Presents both orally and in written form findings and assessments concerning complex supervisory matters and/or financial organizations; nontraditional financial organizations to internal and external stakeholders.
Assists others in their communication to achieve a consistent message, tone, style and format, as applicable.
Demonstrates ability to discuss complex issues with all stakeholders.
Actively engages in transferring technical knowledge.
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 hold a permanent resident/green card with intent to become a U.S. Citizen.
Some travel is required.
Valid driver’s license required.
The salary grade (https://www.philadelphiafed.org/-/media/frbp/assets/institutional/careers/frbp-salary-structure.pdf) for this position is: 16/17.
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 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 eight 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 eight 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, 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 interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment.
All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the Bank's Employee Code of Conduct (https://www.philadelphiafed.org/-/media/frbp/assets/institutional/careers/Full-Code-of-Conduct-with-Appendices-A-and-B.pdf) to ensure compliance with conflict of interest rules and personal investment restrictions.
Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation.
Due to the nature of the information you will have access to, we require that you also complete a more in-depth enhanced background screening (Peraton moderate).
All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.
The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
This is not a 100% remote opportunity. You will be available to work on-site in at least a hybrid capacity.
Learn more about (https://www.philadelphiafed.org/about-us) the Philly Fed and its culture. Learn more about working (https://www.philadelphiafed.org/careers) for the Philly Fed.
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.
Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)
OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.
OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.
Why Our People Choose Us:
Our reputation precedes us
There will always be room for personal growth
Our people are first
You’ll find the right balance
Your responsibilities will be meaningful
We hope that you will be our future colleague.