Senior CRSB Examiner

Federal Reserve Bank of Chicago

Federal Reserve Bank of Chicago is one of 12 Reserve Banks that, along with the Board of Governors in Washington, D.C., constitute the Federal Reserve System, which was established by Congress in 1913.

The fundamental mission of the Federal Reserve System is to foster the stability, integrity and efficiency of the nation's monetary, financial and payment systems and to promote optimal economic performance.

To this end, the Federal Reserve Bank of Chicago serves the public interest by participating in the formulation and implementation of national monetary policy; supervising and regulating state member banks, bank holding companies and foreign bank branches; providing financial services to depository institutions, designated financial market utilities, and the U.S. government; and promoting consumer protection and community development.

The Federal Reserve Bank of Chicago serves the Seventh Federal Reserve District comprising of a five-state region, including all of Iowa and most of Illinois, Indiana, Michigan and Wisconsin.

Supervision and Regulation (S&R) plays a critical role in The Federal Reserve Bank of Chicago's core mission, supervising state-chartered banks that are members of the Federal Reserve System, bank holding companies, financial holding companies and savings and loan holding companies. Our duty is to foster the stability, integrity and efficiency of the nation's monetary, financial and payment systems to promote optimal economic performance.

We seek individuals who hold themselves to the highest standards, who flourish in an environment of collaboration and innovation. Our most successful staff have strong critical thinking skills, as well as strong verbal and written communications capability.

This position is under the Safety and Soundness examinations of Community Banks. The Community, Regional, & Specialty Bank (CRSB) Supervision family provides supervisory oversight for financial institutions of varying complexities that have a close relationship with the communities they serve. Members of the CRSB job family generally conduct full scope or target examination and inspections of CRSB firms by working with different teams and staff across the department and through interaction with institution executives with broad responsibilities.

The Senior Examiner uses in-depth knowledge and/or expertise to lead and serve as Examiner-In-Charge (EIC) or a member of a full scope point-in-time examination/inspection team. The level of work is generally considered advanced, and staff must be able to work under minimal supervision. This position has no direct reports.

• Leads and participates in examinations and serves effectively as an Examiner-In-Charge (EIC) to ensure the successful completion of an examination or inspection, including the assessment of the institution's overall condition, risk management systems, and compliance with applicable laws and regulations;
• Draws on professional experience, to present and make supervisory recommendations and responses to resolve moderately complex to complex issues
• Develops examination/project plans, timelines and milestones for complex examinations
• Creates and provides moderately complex to complex reports, documents, and other correspondence to internal and external stakeholders
• Builds and maintains strategic working relationships and networks with both internal and external stakeholders, such as other Reserve Banks, the Board of Governors and other regulatory agencies
• Serves as a mentor and/or coach; provides technical expertise and constructive feedback to all levels of staff

• Bachelor's degree or equivalent experience
• Seven plus years of direct work-related experience
• Commission preferred or similar credentials from a regulatory agency; if you are not commissioned, you will be required to go through the Examiner Commissioning Program (ECP) and become commissioned
• Guides others in understanding, supporting, and executing the risk focused supervision process
• Demonstrates advanced analytical and problem solving skills
• Demonstrates independent and critical thinking and decision making abilities as well as have strong written and oral communication abilities
• Demonstrates the ability to provide effective direction or consultation
• Possesses the ability to coach/guide and provide guidance and constructive feedback to all levels of staff
• Possesses strong teamwork skills…