Sr. Examiner – Consumer Compliance

San Francisco, CA
December 15, 2024
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Job Description

CompanyFederal Reserve Bank of San Francisco

We are the San Francisco Fed, public servants with a congressionally mandated mission to promote a sound and stable economy to support the lives of all Americans. We are a community-engaged bank, and we are committed to understanding and serving the vibrant, diverse people 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 team united in its purpose to promote an economy that works for everyone. We empower our people to balance their life and work responsibilities.

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 a Senior Examiner – Consumer Compliance. These examiners 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.

We are looking for you! Our ideal candidate has deep experience and subject matter expertise across all aspects of a compliance management system. You are familiar with the challenges of implementing a compliance management system across a very large and complex organization. We prefer a Commissioned Examiner via the Fed’s Board of Governor’s program, or someone that is willing to become commissioned via our program. Are you ready take your time and talents to a truly mission driven organization? If so, we want to hear from you!

Essential Responsibilities:

  • Participates and leads consumer compliance supervisory events at large and complex financial institutions in the SF Fed district’s portfolio.
  • Leads examinations, develops risk assessments, and monitors consumer compliance risks of an institution or portfolio of institutions on an ongoing basis.
  • In both verbal and written format, communicates sound conclusions and recommendations regarding the effectiveness of financial institutions’ compliance management systems.
  • Builds and maintains effective working relationships with partners within the Federal Reserve System, as well as with other regulatory agencies and supervised institutions.
  • Engages in formal training and mentorship programs for junior staff, including providing performance feedback to management.
  • Acts as a subject matter expert for large and complex financial institution compliance risk management frameworks, providing mentorship to staff and management on matters arising within financial institutions.
  • Participates in various conferences, seminars, and other outreach activities to provide current regulatory perspectives to the banking industry.
  • Maintains strong knowledge of financial services 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 a minimum of eight or more years of direct or comparable banking, financial industry, or banking supervision experience with exposure to a compliance frameworks.
  • An understanding of risk management and banking principles.
  • Familiarity with financial technology (fintech) products and services is preferred.
  • 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 PowerPoint.
  • Valid driver’s license is required.
  • Ability to travel up to 25%.
  • Examiner commission issued by the Board of Governors of the Federal Reserve System or other federal banking agency is required for Senior Examiner role. If one does not maintain an examiner commission, one would be hired as Senior Risk Specialist and enrollment in the Federal Reserve System’s Consumer Compliance Examiner Commissioning Program will be required.
  • 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: $151,500 Mid: $196,700 Max: $241,900 (Location: San Francisco)

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 TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job CategoryBank Examination

Work ShiftFirst (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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