LFI Examiner, DST Financial Risk
Full Time
Richmond, VA 23219
Posted
Job description
Company
Federal Reserve Bank of Richmond
When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.
Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.
About The Opportunity
The Supervision, Regulation, and Credit (SRC) Department’s Large Financial Institutions Supervision (LFIS) unit has an immediate opening for a highly motivated professional to join the Dedicated Supervision Team for Capital One Financial Corporation (COF DST). In this position, the candidate will collaborate with talented regulatory professionals within SRC and across our nation’s central bank, participating in the Federal Reserve System’s Large Bank Organization (LBO) program.
You will be an integral part of the COF DST, and this position will give you an opportunity to assess credit risk and capital/financial risk. The ideal candidate will be team-spirited, an enthusiastic learner, willing to take on complex assignments spanning various risk disciplines.
You will be asked to provide high-quality financial institution supervision through active dialogue with the firm, examinations, ongoing monitoring, horizontal activities, and special projects. You will actively collaborate with and support the LBO horizontal program as well as colleagues across the System. In executing these responsibilities, you will develop a comprehensive vertical view of the supervised firm. You will report to a Senior Manager / Deputy Central Point of Contact.
What You Will Do
Specific job responsibilities include, but are not limited to, the following:
- Responsibilities will focus primarily on credit and capital risk management; however, an ability to grasp the complexity of the firm and make connections and associations across all risk types is of critical importance to success in this role.
- Demonstrate leadership and supervisory perspective by leading and/or performing examinations. This includes working independently as well as executing responsibilities as directed, reviewing submitted materials, conducting meetings with management, the production of workpapers that substantiate conclusions, reviewing workpapers, drawing conclusions, presenting findings and preparing written correspondence.
- Conduct ongoing monitoring of information (e.g. board and senior committee packages) to draw conclusions about risks and trends. Demonstrate well-reasoned judgement in decision making and clearly communicate conclusions to senior management of the supervised institution(s) and internal stakeholders.
- Maintain professional working relationships with Capital One stakeholders and proactively collaborate across the Federal Reserve System and with other regulatory agencies to resolve issues and build consensus regarding supervisory matters.
- Synthesize information on the supervised firm in quarterly deliverables to escalate current and emerging risks and recommend a proposed supervisory response or activity.
- Prepare presentations for Reserve Bank management on examination conclusions, supervisory issues, emerging risks, or specific topics of interest.
- Participate in or lead projects, initiatives, and committees that are of strategic importance to SRC or the Federal Reserve System.
- Complete Examiner Commissioning Program (if not commissioned).
Qualifications and Skills:
- Experienced financial professional with a minimum of five years of relevant work experience or regulatory experience in one or more of the following areas: retail credit, commercial credit, and/or capital risk management.
- Bachelor’s degree in relevant field is required. Graduate degrees, relevant professional certifications (FRM, CFA, etc.) and/or commissioned bank examiners are desirable.
- Must be comfortable with hybrid work environments and willing to travel (up to 20%) as normal operations resume depending on location. Extended work hours may be required at times.
Preferred Skills:
- Prior LBO horizontal supervision assessment experience is a plus.
- Proven ability to lead and work in a team environment and focus on high quality execution.
- Self-starter with a strong desire to learn and coach others, a positive attitude, and exhibits flexibility to quickly change direction.
- Strong problem solving and analytical skills with the ability to analyze large amounts of information, enable sound decision-making and create meaningful change.
- Ability to work in a detailed manner as well as to look strategically across a function to develop connections and themes identifying risk and material concerns.
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 will also have access to a wide range of benefits and perks that support your health and wealth, including:
When you join the Richmond Fed, not only will you find a challenging and purposeful career, you will also have access to a wide range of benefits and perks that support your health and wealth, including:
- Great medical benefits
- Pension and 401(k) with employer match
- Generous paid time off
- Tuition reimbursement
- Employee resource networks
- Paid volunteer leave
- Flexible work options
- Onsite amenities that make working here fun
Other Requirements and Considerations:
- Please include a cover letter and resume in your application
- Candidates should review the
Bank’s Employee Code of Conductto ensure compliance with conflict of interest rules and personal investment restrictions.
- If you need assistance or an accommodation due to a disability, please notify
rich.recruitment@rich.frb.org.
- This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and 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 not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.
- 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.
- Under Conflict of Interest guidelines administered by the Board of Governors of the Federal Reserve System, examining personnel may not participate on an examination of a financial institution or affiliate if the examiner was employed by the financial institution or affiliate within the past 12 months.
- Please review
Bank’s Employee Code of Conductto ensure there are no major issues related to your previous employment and current financial interests (relevant sections are 5.3 and Appendix B, Parts I, II and III). FRB ethics rules generally prohibit employees and their immediate families from owning investments in banks, savings associations, or their holding companies (Section 5.3). Additionally, employees engaged in Supervision and Regulation may be subject to borrowing and deposit restrictions. These employees may need to recuse themselves from certain supervisory work based on:
- Their borrowing relationships (Appendix B Parts I.1, II.1 and II.2)
- If a financial institution employs a member of the employee’s immediate family (i.e. spouse, child, parent, or sibling) (Appendix B Part I.3 and Part II.3)
- If the individual was employed by the financial institution or affiliate within the past 12 months (Appendix B Part I.3 and II.3).
- In certain cases, the recusal may be so extensive it could materially reduce the effectiveness of the prospective employee’s job responsibilities.
- The Examiner – LFI – Senior hiring range is $119,700 - $149,600 annually.
- The Examiner – LFI – Advanced hiring range is $133,200 - $166,500, annually.
- Candidates are strongly encouraged to apply by February 17, 2023. Afterwards, applications will be reviewed on a rolling basis.
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.
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