Sr. Risk Specialist, Capital Markets Specialist Examiner
The Federal Reserve Bank of Dallas believes in the diversity of our people, ideas and experiences, and we are committed to building an inclusive culture that is representative of the communities we serve.
As part of the nation's 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's a big job and that's why we need talented, results-driven professionals who care about making a difference.
The successful candidate will serve as the capital markets risk specialist and full-time dedicated team member with responsibilities for the regulatory supervision of a large Insurance Savings and Loan Holding Company (ISLHC) assigned to the San Antonio branch. Currently, the assigned ISLHC is a Large Banking Organization, meaning it is over $50 billion in assets. The successful candidate will develop and execute the Federal Reserve's supervisory program for market and liquidity risk and will report to the Director of Examinations/Central Point of Contact (CPC). This individual will conduct inspections/examinations and ongoing reviews, analyze internal reports, conduct discussions with ISHLC management, review industry information, and research risk topics affecting the financial services industry.
The majority of time will be spent in team activities with emphasis on analyzing and assessing market and liquidity risk measurement and risk management practices as a risk specialist. In addition to capital markets risk specialist responsibilities, the successful candidate will work with and support the CPC, dedicated team members, and Department risk specialists to execute a sound supervisory program for the firm, as well as support Department, Dallas Reserve Bank, and Federal Reserve System initiatives. The interdisciplinary coordination involved is substantial, and the ability to work collaboratively with other units within the Banking Supervision Department, Board of Governors (BOG) Staff, and other regulatory agencies is key to this role.
An important requirement of this position is effectiveness in initiating and maintaining communication and information flow between firm management and regulators. In addition, this examiner will define the rationale for specific inspection/examination activities, which may be driven by a need for more information about industry practices with respect to a given risk topic, or to address specific regulatory concerns developed through ongoing analysis, peer information, external events or regulatory mandates. Written and oral communications must be conclusion oriented, well-supported, and consistent with regulatory standards. Additional responsibilities will be tailored, based on the candidate's interests and risk profile of the financial institutions.
Leads or participates in supervisory events of financial institutions, including inspection/examination activities that assess capital, asset quality, management, earnings, liquidity, market risk, model risk, and stress testing. Analyzes and evaluates the entity's policies, procedures, and controls affiliated with risk areas. Confers with entity and other Federal Reserve personnel together information and resolve any issues that arise during the examination. Recommends regulatory ratings/assessments for the area of risk specialty. Leads meetings with entity officials, and Reserve Bank management to discuss issues, findings, and recommendations.
Leads post-supervisory event activities including the completion or supervision of workpapers (and workpaper review), the examination report, vetting document, letter of findings and/or internal memoranda. Ensures written documents that summarize and communicate the findings to the entity board and management, the Board of Governors and other regulatory agencies comply with System and district standards, policies, and procedures.
Conducts or supervises the analysis of responses to remediate issues identified during a supervisory event. Monitors entity between supervisory events for new issues and significant changes in risk profile, recommending actions to be taken where appropriate.
Ensures expertise is maintained by participating in system and industry conferences, discussions and training. Ensures that Reserve Bank management and appropriate business lines affected by the risk area are aware of the risks and changes in the risk and how such changes affect all business lines and entities supervised.
Knowledge with practical application of capital markets risk management and measurement methodologies, applicable laws and regulations, and relevant supervisory guidance for the market/liquidity risk areas.
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.
Strong communication (both written and verbal), interpersonal, and organizational skills are required. The position requires professional interaction with senior management of the Reserve Bank, BOG staff, financial services industry, and other regulatory agencies.
Strong organizational skills are required to complete and prioritize multiple concurrent projects.
Must demonstrate initiative, follow through on directions with minimal supervision, and recognize situations where deviation from original direction is appropriate.
Must demonstrate a high level of proficiency with personal computers and standard software.
Ability to handle difficult or challenging conversations and to provide critical feedback.
Ability to independently research complex questions.
Ability to communicate effectively with a variety of stakeholders, including senior staff at the Reserve Bank, Board of Governors, and banking organizations.
Ability to work well in a team environment while providing strong leadership.
Ability to manage multiple tasks at one time.
Ability to remain current on new and evolving issues.
Functional Knowledge -
Regarded as the technical expert in their particular field.
Anticipates business and regulatory issues; recommends product, process, or service improvements.
Leads projects with notable risk and complexity; develops the strategy for project execution.
Problem Solving -
Solves unique and complex problems with broad impact on the business; requires conceptual and innovative thinking to develop solutions.
Impacts the direction and resource allocation for program, project, or services; works within general functional policies and industry guidelines.
Interpersonal Skills -
Communicates complex ideas, anticipates potential objections, and persuades others, often at senior levels, to adopt a different point of view.
EDUCATION AND EXPERIENCE:
Bachelor's degree in finance, accounting, or related field.
Minimum five years of banking or related capital markets experience is preferred.
Regulatory experience is preferred.
An examiner commission from a federal or state bank supervisory agency is preferred.
Equivalent education and/or experience may be substituted for any of the above requirements.
WORK HOURS AND CONDITIONS:
M-F from 8:00 a.m. to 5:00 pm.; alternate work schedule 80 hours/2 weeks/additional hours may be required
Required average travel of 25% will be necessary to complete job duties and responsibilities but at times could reach 40% dependent on base location.
This position will be located in the San Antonio office.
Employment is contingent upon the selected candidate passing a financial credit check.
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.
The commissioning status, salary level, and title for this position will be determined by applicant's qualifications. This position may be filled as a Sr. Risk Specialist, Examiner I, Examiner II, or Examiner III, depending on the applicant's qualifications and experience.
Assessments may be required as part of the interview process.
We are proud to be an equal opportunity employer
Americas, United States