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Central Point of Contact

Federal Reserve Bank of Richmond

Richmond, VA | Full Time

$60k-84k (estimate)

1 Month Ago

Central Point of Contact

$60k-84k (estimate)

Full Time | Banking 1 Month Ago

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Federal Reserve Bank of Richmond is Hiring a Central Point of Contact Near Richmond, VA

Company

Federal Reserve Bank of Richmond When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

About the Opportunity

The Federal Reserve Bank of Richmond’s Supervision, Regulation and Credit (SRC) Department has an exciting opportunity to join the Regional Bank Organization (RBO) supervision team. This immediate opening will serve as the Central Point of Contact (CPC) for a member bank in the 5th District and its bank holding company. RBO CPC’s are responsible for developing and executing the supervisory strategies for their assigned firm and supporting other community and regional safety and soundness supervision (CRSS) activities as assigned. The CRSS division is responsible for helping to ensure the safety and stability of the Fifth District community and regional banks and holding companies to protect the nation’s financial banking system.

In this role, the CPC will provide direction and oversight of examiner or risk specialist team members when monitoring the firm’s activities and risks and in carrying out examinations and other aspects of the firm’s supervision plan. As you complete these duties, strong leadership, communication and analytical skills will be critical as you engage with a variety of internal and external stakeholders. You will report to a Senior Manager.

Regulatory experience and a commission from a federal or state banking regulatory agency is highly preferred

What You Will Do:

Evaluate the risk associated with the firm and devise an effective tailored supervisory plan.
Oversee execution of the supervisory plan, including planning, scheduling, and staffing.
Collaborate effectively with internal and external stakeholders, including the Federal Reserve Board of Governors, Federal and state regulatory agencies, other SRC business units, and the supervised firm’s executive team and other key contacts.
Produce or review high-quality supervisory products, including institutional overviews, risk assessments, supervisory plans, quarterly monitoring memos, and reports of examination.
Provide high-quality coaching and feedback to team members during events and on an ongoing basis.
Promote diversity of thought and open deliberation during supervisory events, post-event vetting meetings and team meetings.

Qualifications:

Experience supervising financial institutions with total assets > $10 billion preferred
Commissioned examiner credentials issued by the Board of Governors of the Federal Reserve System or other federal agency (highly preferred)
Strong supervision background with a demonstrated track record of identifying the root causes of issues and crafting effective supervisory communications
Strong analytical, critical and innovative thinking skills with the ability to apply and explain regulatory/banking risk concepts and evaluate situations with appropriate considerations of multiple priorities and influencing key individuals.
Ability to multi-task, prioritize, delegate, and meet deadlines
Strong coaching and mentoring skills with an affinity for developing others
Takes initiative to sense risks or opportunities and drives change
Strong verbal and written communication skills, including a demonstrated ability to successfully interact with internal and external stakeholders and manage these relationships
10-15% is required and will vary depending on the location of the successful candidate, with flexibility for work/life balance

Other Requirements and Considerations:

When not traveling for supervision work, the successful candidate is expected to report to their home branch location (Richmond, Charlotte, or Baltimore) Tuesday-Thursday
Candidates should review the
Bank’s Employee Code of Conduct
to ensure compliance with conflict of interest rules and personal investment restrictions.
If you need assistance or an accommodation due to a disability, please notify
rich.recruitment@rich.frb.org
.
Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.).
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.
Under Conflict-of-Interest guidelines administered by the Board of Governors of the Federal Reserve System, examining personnel may not participate on an examination of a financial institution or affiliate if the examiner was employed by the financial institution or affiliate within the past 12 months.
Please review
Bank’s Employee Code of Conduct
to ensure there are no major issues related to your previous employment and current financial interests (relevant sections are 5.3 and Appendix B, Parts I, II and III). FRB ethics rules generally prohibit employees and their immediate families from owning investments in banks, savings associations, or their holding companies (Section 5.3). Additionally, employees engaged in Supervision and Regulation may be subject to borrowing and deposit restrictions. These employees may need to recuse themselves from certain supervisory work based on:
- Their borrowing relationships (Appendix B Parts I.1, II.1 and II.2)
- If a financial institution employs a member of the employee’s immediate family (i.e. spouse, child, parent, or sibling) (Appendix B Part I.3 and Part II.3)
- If the individual was employed by the financial institution or affiliate within the past 12 months (Appendix B Part I.3 and II.3).
- In certain cases, the recusal may be so extensive it could materially reduce the effectiveness of the prospective employee’s job responsibilities.
The hiring range of the Examiner – C&R - Sr is $117,200 – $146,500 annually. (6 years of experience)
The hiring range of the Examiner – C&R – Adv is $130,700 – $163,400 annually (9 years of experience)
Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications.
All applications are review on a rolling basis. Interested candidates are encouraged to apply by April 5th, 2024.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Bank Examination

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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.

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Job Summary

JOB TYPE

Full Time

INDUSTRY

Banking

SALARY

$60k-84k (estimate)

POST DATE

03/24/2024

EXPIRATION DATE

07/20/2024

WEBSITE

richmondfed.org

HEADQUARTERS

RICHMOND, VA

SIZE

1,000 - 3,000

FOUNDED

1915

CEO

JEFFREY M LACKER

REVENUE

$500M - $1B

INDUSTRY

Banking

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About Federal Reserve Bank of Richmond

The Richmond Fed is one of 12 independent regional Reserve Banks that, along with the Board of Governors in Washington, D.C., serve as our nations central bank. Together, were working to help you be more confident in your financial decisions and in our nations economic and financial systems. We serve the public and communities in the Federal Reserves Fifth District, including the Carolinas, Maryland, Virginia, West Virginia and our nations capital. Were headquartered in Richmond, Virginia, with offices in Baltimore, Maryland, and Charlotte, North Carolina. The Federal Reserve has an impact on ...your financial well-being and the broader economy by helping promote stable prices, employment and moderate interest rates. We also help ensure the safety and soundness of the financial system from working with banks to make sure theyre financially healthy, to providing a secure and efficient way to get your payments get from point A to point B. We provide teachers with tools to educate their students about the economy. And we connect with community and business leaders and organizations to better understand local economic conditions, as well as help understand and address economic issues facing low income communities. Learn more at richmondfed.org, or follow us on: Facebook (federalreservebankofrichmond) Twitter (@richmondfed) Instagram (@richmondfed) YouTube (richmondfed) More
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