Federal Reserve Bank of San Francisco

Examiner – Consumer Compliance

Salt Lake City

FULL TIME

November 14, 2024

Company
Federal Reserve Bank of San Francisco
We are the Federal Reserve Bank of San Francisco—public servants with a mission to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. We are a community-engaged bank, and are committed to understanding and serving the vibrant, expansive communities of the Twelfth District. That means we seek and appreciate new perspectives. We respect people for what they do and for who they are. We build opportunities to learn and grow. When you join the SF Fed, you become part of a diverse team united in its purpose to promote an economy that works for everyone.
The SF Fed’s Supervision + Credit Group is responsible for the supervision and regulation of state member banks, bank holding companies, savings and loan holding companies, financial holding companies, data service providers, trust companies, and foreign banking organizations that operate in the 12th District. Supervised institutions are in all states of our District, and range in size and complexity from small community organizations to some of the largest banking organizations in the country. Right now, our team is looking for an Examiner - Consumer Compliance. These individuals help promote market efficiency and fairness in consumer financial services. They enforce federal consumer protection laws and regulations and promote access to banking services in historically underserved markets through various means, including conducting examinations, investigation of consumer complaints and outreach activities to the banking industry.
Our ideal candidate has broad experience and subject matter expertise across all aspects of evaluating a financial institution’s compliance management system. We prefer a Commissioned Examiner via the Fed’s Board of Governors’ program or someone who is willing to become commissioned via our program. Are you ready to take your time and talents to a truly mission driven organization? If so, we want to hear from you!
Essential Responsibilities:
  • Participating in and/or leading point-in-time examinations to assess compliance with consumer protection laws and regulations, including fair lending laws and regulations, rules regarding unfair or deceptive acts or practices and the Community Reinvestment Act.
  • Assessing management performance and the effectiveness of compliance risk management practices.
  • Determining the effectiveness of an institution’s control environment, including internal audit, policies, procedures, and risk monitoring systems.
  • Leading projects within an examination work cycle and/or acting as an Examiner-in-Charge, which includes scoping and organizing examination activities, developing supervisory plans, and overseeing the work processes and coordinating assignments of junior staff.
  • Preparing and/or finalizing examination reports and supporting documentation, ensuring that all written materials adhere to all relevant rules and regulations and reflect high-quality, thorough analyses and actionable conclusions.
  • Delivering supervisory conclusions in both verbal and written formats to internal and external stakeholders.
  • Maintaining strong knowledge of banking and regulatory environments, particularly as related to consumer protection laws and regulations.
Requirements:
  • Bachelor’s degree in business, economics, finance, accounting, or a related field is preferred.
  • Typically requires five or more years of direct or comparable banking, financial industry, or banking supervision experience.
  • Active examiner commission issued by the Board of Governors of the Federal Reserve System or other federal agency is desired. If the successful candidate does not maintain an examiner commission, enrollment in the Federal Reserve System’s Consumer Compliance Examiner Commissioning Program will be required and candidate will be hired as a Risk Specialist.
  • An understanding of business risks risk management, and banking principles.
  • Strong problem solving and analytical thinking skills.
  • Strong verbal and written communication skills.
  • Intermediate to advanced familiarity with the Microsoft Office suite, including Microsoft Word, Excel and Power Point.
  • Valid driver's license is required.
  • Ability to travel up to 25%.
  • This position requires access to confidential supervisory information, which is limited to “Protected Individuals.” Protected Individuals include, but are not limited to, U.S. citizens and U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization, and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so or who will sign a declaration of intent to apply for naturalization before they begin employment.
#LI-Hybrid
Base Salary Range: Min: $100,500 Mid: $132,700 Max: $164,700 (Location: Salt Lake City, Utah)
Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and alignment with geographic and other market data.
We offer a wonderful benefits package including: Medical, Dental, Vision, Pre-tax Flexible Spending Account, Backup Child Care Program, Pre-Tax Day Care Flexible Spending Account, Paid Family Care Leave, Vacation Days, Sick Days, Paid Holidays, Pet Insurance, Matching 401(k), and Retirement/Pension.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. The SF Fed is an Equal Opportunity Employer.
The Bank's ethics rules 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. Employees in the S+C group also must ensure there are no conflicts of interest related to their previous employment and current financial interests. S+C employees may be subject to borrowing and deposit restrictions and may need to recuse themselves from certain supervisory work. Please review Section 5.3 and Appendix B of the Bank’s Code of Conduct to ensure compliance with the
Code of Conduct
conflict of interest rules and personal investment restrictions.
Due to the nature of access to sensitive information all final offers are subject to the clearance of an enhanced background check. This enhanced screening will require the following items: academic and employment verifications, FBI fingerprint check (criminal and civil cases), credit check, family history, residential records and foreign travel for the previous 7 years, citizenship verification, reference checks, and personal interview with an investigator and can take between 21 – 60 days to clear.
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.
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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