Federal Reserve Bank of Kansas City
Full-time \/ Part-time Full-time Employee Status Regular Overtime Status Exempt Job Type Experienced Travel Yes, 25 % of the Time Shift Day JobWork HoursAlternate Work Schedule - 80 hours - 2 weeksJob SensitivityTier II - Credit Check ORGANIZATIONAL SUMMARY : As part of the nation\u2019s central bank, the Federal Reserve Bank of Dallas is committed to strengthening the economy and our communities. At the Fed, you have the opportunity to become part of an important public service institution whose work touches lives across the globe. It\u2019s a big job and that\u2019s why we need talented, results-driven professionals who care about making a difference. POSITION SUMMARY : Excellent opportunity to serve as a key member of the supervisory team responsible for the development and execution of the risk-focused supervisory program of Comerica Incorporated. Comerica is a $75 billion bank holding company headquartered in Dallas, Texas. Comerica is one of the largest firms under 11th District jurisdiction and is a Large Banking Organization (LBO) within the Federal Reserve System. The firm provides a variety of banking services and products through two bank subsidiaries in five key states. The successful candidate will serve as examiner-in-charge of target examinations and inspections of Comerica and conduct continuous monitoring activities. The candidate will work across a variety of risk areas, including credit, market, liquidity, operational, and trust asset fiduciary risks. Advanced analytical skills are required, as well as a thorough understanding of banking laws, regulation, and policies and the ability to apply and explain complex regulatory, financial, and analytical concepts. RESPONSIBILITIES: Participate in and often lead significant areas of Comerica\u2019s supervisory program, and may be called upon to participate in similar reviews of other large or regional sized banking firms. For Comerica, this is accomplished by proactively identifying and analyzing risks through continuous monitoring activities to ensure the bank is operating in a safe and sound manner and complying with applicable laws and regulations. Maintain an understanding of key elements of Comerica\u2019s business strategy, primary revenue sources, risk drivers, business lines, legal entity structure, governance and internal control framework, and presence in key financial markets and customer segments. Update the assessment of (1) the effectiveness of risk management systems and controls over the primary risks inherent in Comerica\u2019s activities, (2) the organization\u2019s financial condition, and (3) the potential negative impact of nonbank operations on affiliated depository institutions. Contribute to the annual roll-up inspections\/examinations jointly with the Texas State Department of Banking, which includes the assignment of updated supervisory ratings. Possess in-depth expertise in one or more risk areas. Requires substantial interdisciplinary coordination and the ability to work collaboratively with Reserve Bank management, Board of Governors staff, and other regulatory agencies. Demonstrate good judgment and well-reasoned decision making in situations that may involve complex issues. Prepare and review written reports of findings. In capacity of EIC, provide performance feedback and direction to staff. Contribute to various Federal Reserve System, Reserve Bank, and Departmental initiatives by participating in committees, training activities and the development of policy statements. Remain abreast of relevant statutes, regulations, supervisory policies, and current banking industry trends. Continue to gain knowledge of assigned entities and develop leadership skills. Contribute to operational, tactical, and strategic planning efforts of the department management team. May participate in Bank, and\/or System projects and tasks, to include process improvement efforts on a regular basis. JOB REQUIREMENTS: Capacity to identify and prioritize multiple initiatives simultaneously, and deliver superior results Must demonstrate initiative, exhibit attributes as a team-player, follow through on directions with minimal supervision, and recognize situations where deviation from original direction is appropriate Provides strong technical expertise and guidance to coach and mentor examination staff Ability to delegate and assign projects and tasks to the appropriate personnel Ability to influence, collaborate, and lead in a variety of situations Ability to facilitate crucial conversations among internal or external parties Demonstrate strong written and oral communication and interpersonal skills to effectively present to a variety of audiences Demonstrate a high level of proficiency in utilizing work process tools COMPETENCIES : Functional Knowledge \u2013 Requires in-depth understanding of concepts, theories and principles in own discipline and basic knowledge of other disciplines Business Expertise \u2013 Applies understanding of the industry and how own area contributes to the achievement of objectives Leadership \u2013 Manages a generally homogeneous team; adapts plans and priorities to meet service and\/or operational challenges Problem Solving \u2013 Identifies and resolves technical, operational and organizational problems Impact \u2013 Impacts the level of service and the team\u2019s ability to meet quality, volume, and timeliness objectives guided by policies, resource requirements, budgets and the business plan Interpersonal Skills \u2013 Guides, influences and persuades others either internally in other areas or externally with customers or agencies EDUCATION AND EXPERIENCE : Bachelor\u2019s degree in finance, accounting or related field Minimum of seven years of bank regulatory and\/or industry experience Examiner commission from a federal or state banking agency is preferred Exposure to a variety of examination disciplines and a broad-based knowledge of the banking industry and risk management practices Equivalent education and\/or experience may be substituted WORK HOURS AND CONDITIONS: M-F from 8:00 a.m. to 5:00 p.m.; alternate work schedule 80 hours\/2 weeks\/additional hours may be required. Required average travel of 20% will be necessary to complete job duties and responsibilities but at times could reach 25% Notes: This position will be located in\u00a0Dallas, TX Employment is contingent upon the selected candidate passing a financial credit check. The commissioning status, salary level, and title for this position will be determined by applicant's qualifications. This position may be filled as an Examiner I, Examiner II or Examiner III depending on the applicant's qualifications and experience. By federal law, this position requires that candidates fall within one of the following citizenship categories: (1) U.S. citizen, (2) U.S. national, (3) U.S. permanent residents who are not yet eligible to apply for naturalization, or (4) U.S. permanent residents who have applied for naturalization within six months of being eligible to do so. We are proud to be an equal opportunity employer
Federal Reserve Bank of Kansas City
Website : https://www.kansascityfed.org/
The Federal Reserve was established by Congress and signed by President Woodrow Wilson in 1913. It was preceded by financial panics, bank failures and business bankruptcies that severely disrupted the economy. There were two prior attempts at establishing central banks.