CRSB Examiner - Review and Quality Control Team

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 Review and Quality Control (RQC) team within the Consumer Compliance and Supervisory Operations (CCSO) Division is responsible for conducting reviews of supervisory products created by examination staff across business lines and supervisory portfolios, to ensure consistency with expectations and guidance. The team also provides reporting to leadership that outlines common findings, providing a horizontal perspective, and identifying opportunities for training and improving our supervisory work products.

This CRSB Examiner will primarily support RQC’s review of examination reports, workpapers and related supervisory products created by the Community Banking Organization (CBO) portfolio, interacting with staff and using knowledge of the administrative aspects of examination as well as examination processes and conclusions. This individual will also provide support and backup to RQC's function for the Large, Foreign Banking Organization (LFBO) and Regional Banking Organization (RBO) portfolios. This candidate will work with the full RQC team to help establish and maintain ongoing consistencies and efficiencies in approach and support the centralized supervisory operations function within the department.

The level of work is generally considered intermediate, and staff must be able to work under general supervision. This position has no direct reports.

• Reviews reports, workpapers and other examination related products to ensure effective communication, consistency, and high quality across the portfolio
• Provides reporting to leadership that outlines common findings, providing a horizontal perspective, and identifying opportunities for training and improving our work products
• Develops formal written feedback and recommends corrective action for identified issues
• May participate in departmental and system-wide initiatives, including, but not limited to, working with staff from other Reserve Banks, the Board of Governors and other regulatory agencies. Completes other special projects as assigned
• Creates and provides focused and value-added reports, documents, and other correspondence to internal and external stakeholders
• Develops relationships within the team, division and department
• Provides guidance, training and constructive feedback to less experienced staff
• Works collaboratively with supervisory team members to ensure applicability and usability of analytical products
• Periodically serves as an available resource to the direct examination function.

• Bachelor's degree or equivalent experience
• Four plus years of direct work-related experience
• May require Examiner Commission
• Demonstrates the ability to understand and execute risk focused supervision and processes; demonstrates the ability to apply the knowledge in completing assignments
• Demonstrates intermediate to advanced analytical and problem-solving skills
• Demonstrates independent and critical thinking and decision-making abilities as well as have solid written and oral communication abilities
• Possesses the ability to provide guidance and constructive feedback to less experienced staff and peers
• Possesses strong teamwork skills and the ability to build and work collaboratively within and across work teams
• Demonstrates the ability to manage time and projects effectively by adjusting quickly to new and different priorities
• Demonstrates aptitude to leverage relevant technology and software applications
• Possesses general business acumen

• Ability and willingness to travel up to 15%.
• 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. Ability and willingness to travel.

Full time Regular Yes Bank Examination First (United States of America)