Assistant Bank Examiner

Assistant Bank Examiner–255179

Federal Reserve Bank of Chicago

Primary Location IL-Chicago

Full-time / Part-time Full-time

Employee Status Regular

Overtime Status Non-exempt

Job Type Entry Level Job Type

Travel Yes, 50 % of the Time

Shift Day Job

Job Sensitivity Tier II – No Credit Check

The Federal Reserve Bank of Chicago is hiring for Assistant Bank Examiners in both our Community Bank and Consumer Compliance Divisions in Chicago.

If you are a recent college graduate or have 1-3 years of experience with a background in Finance, Public Policy, Economics, or Business, check out this exciting opportunity! As an Assistant Bank 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 for the exam to become a Commissioned Bank Examiner.

Job Summary

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 Assistant Examiner serves as a member of a full scope point-in-time examinations or inspections.

Level of work is generally considered entry level and staff must be able to work under close to general supervision. This position has no direct reports.

Our current openings are in the following areas of specialization:

Community Bank – focus on overall financial safety and soundness of institutions within the 7th District.
Consumer Compliance – assess a bank’s compliance with consumer laws and regulations. Address areas such as prohibitions against discriminatory lending practices and disclosure requirements for loan documents.

Principal Duties and Responsibilities

Works with senior 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
Assists 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
Creates and provides basic reports, documents, and other correspondence to internal and external stakeholders
Develops working relationships within the team, Division and Department
Completes core curriculum courses in Examiner Training Program, on-the-job training assignments, and Proficiency Examinations
Perform additional duties as assigned

Qualifications

Bachelor’s degree or equivalent experience. Coursework in Economics, Finance, or Business Administration preferred
Up to three years of direct work related experience
Ability and willingness to travel overnight between approximately 15% and up to 45%
Applicants must U.S. Citizens or US Permanent Residents willing to sign a declaration of intent to become U.S. Citizens

Knowledge & Skills

Demonstrates intermediate analytical and problem solving skills
Demonstrates critical thinking and decision making abilities as well as have solid written and oral communication
Ability to seek and accept coaching and constructive feedback
Possesses solid 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
Possesses a proficiency in Microsoft Office products

Other Requirements

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.