Assistant Examiner

Company

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland’s mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems while representing the Fourth District perspectives.

As part of the nation’s central bank, we are a team of mission-driven professionals who are committed to serving with excellence. Our core values are: Build Trust Every Day, Own Our Actions, Collaborate with Intention, and Be Open to Change.

For twenty-seven years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Follow us on LinkedIn, Twitter, Instagram, and our YouTube channel – Cleveland Fed

Entry level Banking Supervision position. The Assistant Examiner provides assistance on examinations/inspections of community and regional state member banks and/or bank holding companies. In a developmental capacity, helps to identify and communicate risks through on- and off-site supervisory activities that ensure financial institutions are operating in a safe and sound manner and in compliance with banking laws and regulations, compliance with consumer protection laws and regulations, performance under CRA.

Essential Accountabilities

• Participates in examination/inspections of small/medium and non-problematic state member banks and bank/financial holding companies and their subsidiaries and performs assignments prescribed by the examiner-in-charge.
• Helps identify and assess institution-specific risk levels and trends.
• Completes assignments through analyzing data/information and conducting meetings/interviews with bank management/personnel to assess performance in a specific function or area.
• Prepares and communicates summary of findings to bank management and examiner-in-charge through meetings and submission of written reports and work papers.
• Performs surveillance of selected non-problematic financial institutions, compiling documentation and reports and advising others of issues identified during the review.
• Progress satisfactorily through the Consumer Compliance or CBO Examiner Commissioning Program (ECP) completing assigned / required learning units and satisfying on the job (OTJ) requirements. Complete additional training as prescribed. This includes expanding one's technical skills and competencies through job responsibilities, seeking out and completing new assignments, and keeping up to date with the latest industry trends and developments.
• Performs other duties as assigned or requested.

Education and Experience

• Bachelor’s degree in finance, Accounting, Mathematics, Economics or related field. No prior experience required.

Knowledge and Skills

Knowledge Areas

• Basic ability to perform independent research
• Basic knowledge of Microsoft Office
• Basic knowledge of regulations, procedures and practices of bank examination

Skill Areas

• Basic problem solving and analytical
• Basic written and verbal communication
• Basic presentation
• Basic public speaking

Location: Cleveland, OH, Columbus, OH, Cincinnati, OH, or Pittsburgh, PA

 

The expected starting salary range for the Assistant Examiner is between ​$59,600 and $74,500 annually. Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and market data.

 

The Cleveland Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.clevelandfed.org/careers

Citizenship requirements

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 an enhanced background check 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.

 

Physical Demands and General Working Conditions            

This is not necessarily an exhaustive list of all responsibilities, duties, standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time. 

Reasonable Accommodation Statement - The Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided with reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. To request a reasonable accommodation for any part of the employment process, please send an email to [email protected].

Bank’s Ethics Rules and Drug Testing:

As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions.  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.

In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.  

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Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

No

Job Category

Supervision Family Group

Work Shift

First (United States of America)

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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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