Assistant CRSB Examiner- Consumer Compliance

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.

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 is looking for entry – level applicants with a strong desire to join our organization for our Examiner Commissioning Program. If you're interested in joining our Supervision function as an Assistant Community Regional Specialty Bank (CRSB) Examiner in our Des Moines, Iowa office, please submit your resume and our Talent Acquisition Team will review your background and reach out if you meet the qualifications.

One of the major focuses of banking supervision and regulation is compliance with consumer protection laws. The Consumer Compliance & Supervisory Operations Division assesses a bank’s compliance with consumer protection laws and regulations and addresses areas such as prohibitions against discriminatory lending practices, the Community Reinvestment Act, and disclosure requirements for loan documents. If you are a recent college graduate or have 1-3 years of experience with a background in Banking, Finance, Public Policy, Economics, or Business, check out this exciting opportunity! As an Assistant CRSB Examiner at the Federal Reserve Bank of Chicago, you will participate in an intensive multi-year training program. This 3–5-year program combines on the job training with classroom training in preparation to become a Commissioned Bank Examiner.

• Work with more experienced staff members in full scope examinations or inspections to assess the institution’s overall condition, risk management systems, and compliance with applicable laws and regulations during the examination process and/or through continuous monitoring
• Assist in developing and recommending actions and responses to resolve basic issues
• Assists in the development of examination plans, timelines, and milestones for examinations of basic to moderate complexity
• Create and provide basic reports, documents, and other correspondence to internal and external stakeholders
• Develop working relationships within the team, Division and Department
• Complete core curriculum courses in the Examiner Commissioning Program, on-the-job training assignments, and the Proficiency Examination

• Bachelor's degree or equivalent experience. Coursework in Accounting, Economics, Finance, Public Policy or Business Administration preferred
• Demonstrate analytical and problem-solving skills
• Demonstrate critical thinking and decision-making abilities as well as have solid written and oral communication abilities
• Ability to seek and accept coaching and constructive feedback
• Possess solid teamwork skills and the ability to build and work collaboratively within and across work teams
• Demonstrate the ability to manage time and projects effectively by adjusting quickly to new and different priorities
• Possess a proficiency in Microsoft Office products

• The interview process will start with a phone interview which can begin at any time. If selected a one-hour video interview will follow

• Comprehensive benefits package, including medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off and transit benefit.
• A continuous learning environment with opportunities to gain new skills and grow your career.
• Onsite gym and subsidized cafeteria

• Ability and willingness to travel up to 25%
• Valid Drivers License required
• 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 applicable background checks 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.
• As a condition of employment, Federal Reserve Bank of Chicago 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 official if necessary

Full time Regular No Bank Examination First (United States of America)