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Job details

Specialist - Examinations

Company

Federal Reserve Bank of Philadelphia

Using established skills in specialized area of expertise, assists on moderate to highly complex examinations or inspections of domestic banking activities, trust and securities related activities, other approved activities, information technology processing and audit function, and compliance with commercial and consumer protection laws and regulation in state member banks and bank holding companies, Edge Act corporations, and U.S. offices of foreign banking institutions. May act as lead examiner in specialized area of expertise during an examination or inspection.

Using established skills in specialized area of expertise, acts as lead examiner and/or assists on more complex examinations or inspections of state member banks, financial holding companies and bank holding companies, Edge Act corporations, and U.S. offices of foreign banking institutions.
Compiles and analyzes data in specialized area of expertise, which includes analyzing risk management practices, formulating conclusions, and preparing comments on findings and recommendations.
Assists the examiner in charge (EIC) in planning, organizing, and controlling examination or inspection activities in specialized area of expertise by reviewing pre-examination and inspection materials in specialized area of expertise; appraises EIC of the condition of organization in specialized area of expertise; analyzes moderate to highly complex issues to reach conclusions; prepares comprehensive examination/inspection report findings and supporting work papers within scheduled time frames; discusses conclusions with senior management and, as appropriate, boards of directors of financial institutions.
Determines risks and exposures of financial institutions in specialized area of expertise by analyzing financial and other surveillance data of a highly complex nature from financial institutions.
Supervises the performance of special projects related to supervision and regulation of financial institutions; performs projects of a highly complex nature; serves on Federal Reserve System workgroups, task forces, and project groups.
Maintains knowledge by keeping abreast of developments in both banking legislation and the banking industry.
Conducts on-the-job training for examiners and assistant examiners in specialized area of expertise.
Demonstrates effective Supervision, Regulation and Credit (SRC) Core Competency skills for grade and position.
Fulfills job duties and responsibilities in conformance with sound safety practices.
Complies with all applicable information security policies, guidelines, and practices.
Actively involved in the accomplishment of departmental and/or Bank-wide quality initiatives.
Performs other related duties as assigned.

Subordinates: None

Scope Measurements: None

Education and Experience:

Bachelor's degree or equivalent education and experience is required, with concentration in finance, accounting, or business desirable. Advanced degree is preferred.
Over eight years bank examination and/or financial institution experience is required, with concentration in area of specialized expertise.

Knowledge and Skills:

Specialized knowledge, expertise or skills that are directly relevant to evaluating the safety and soundness or consumer compliance/Community Reinvestment Act (CRA) activities of financial institutions.
Excellent written and oral communications skills.
Strong analytical and problem solving skills.
Excellent interpersonal skills.
Strong time management skills.
Excellent PC skills, using standard Bank word processing and spreadsheet applications.

Other Requirements:

Valid driver's license.
Heavy travel in Third Federal Reserve District. Approximately 50% of weeknights spent on road.

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 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 permanent residents must sign a declaration of intent to become a U.S. citizen when eligible to do so and pursue a path to citizenship.

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) 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 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 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.

A requirement of this position is that you will be fully vaccinated against COVID-19 or qualify for a medical or religious accommodation.

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

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.

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.

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Physical Requirements: Ability to lift and carry suitcase/briefcase with examination materials, workpapers, and PC.

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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Federal Reserve Bank of Philadelphia Glassdoor Company Review

4.0

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CEO of Federal Reserve Bank of Philadelphia

Patrick T. Harker

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By Federal Reserve Bank of Philadelphia

One of 12 regional banks in the Federal Reserve System, the Federal Reserve Bank of Philadelphia oversees system member banks and bank holding companies in eastern and central Pennsylvania, southern New Jersey, and Delaware. It conducts examinatio...

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INDUSTRY

Financial Transaction Processing

TEAM SIZE

501-1000

LOCATION

Hybrid, based in Philadelphia, PA

DATE POSTED

August 6, 2023