Large Bank Examiner (Operational/IT Risk)

Job Description
At the Federal Reserve Bank of Richmond, we’re at work for America’s economy, and bank examiners are central to our success. In our Supervision, Regulation and Credit Department, teamwork and collaboration, a strong focus on finding better ways to work, and a commitment to accountability are imperative. Examine this career choice for yourself!


The Federal Reserve Bank of Richmond is seeking an examiner for their Large Complex Banking Organization (LCBO) Unit in the Supervision, Regulation and Credit Department. This position is for an Operational Risk / Information Technology (IT) risk coordinator on the Bank of America (BAC) supervisory team and will be located in Charlotte, NC. The successful candidate will support development and execution of the Federal Reserve’s supervisory program for Operational / IT risk at BAC. This individual will analyze internal reports, conduct discussions with institution management, review industry information, research risk topics affecting the financial services industry and conduct examinations and ongoing reviews.


The role requires expertise in IT risk measurement and management practices. Knowledge in broader operational risk management issues including fraud, payment and settlement systems, accounting and financial controls, internal audit, mergers and acquisitions, supplier management, change management, and Basel II Advanced Measurement Approach standards are also important for this position.


Responsibilities will also include the execution of continuous monitoring programs, target inspection activity, and related industry surveillance as well as acquiring a peer perspective, being involved in related policy and guidance discussions. In support of monitoring the financial stability of the firm, this individual may perform regular in-house analysis of institutional Operational/IT risk profiles, encompassing production of ad-hoc written research, regular risk reports, and periodic presentations to Reserve Bank colleagues. The individual must be able to work under minimal supervision.


An important requirement of this position is effectiveness in initiating and maintaining communication and information flow with supervised institutions and other regulators. Written and oral communications must be high quality, concise, conclusion oriented, well-supported and consistent with regulatory standards and established industry practices. Additionally, the ability to foster good working relationships with several stakeholders in the Federal Reserve System is of great importance.
Requirements Qualifications/Experience Large Bank Examiner:


College degree in business, finance, economics, information technology or related field required. Master’s degree preferred.
Knowledge of Operational/IT risk concepts and demonstrated proficiency in making assessments of the level of Operational/IT risk and quality of risk management practices.
Generally has minimum of 5 (five) years of bank regulatory or private industry experience with at least 2 (two) years of large financial institution experience.


Qualifications/Experience Large Bank Senior Examiner I:
College degree in business, finance, economics, information technology or related field required. Master’s degree preferred.
Considerable knowledge of Operational/IT risk concepts and demonstrated proficiency in making assessments of the level of Operational/IT risk and quality of risk management practices.
Generally has minimum of 8 (eight) years of bank regulatory or private industry experience with at least 3 (three) years of large financial institution experience.
Has demonstrated advanced knowledge of Operational/IT risk measurement/management and the associated issues.


Qualifications/Experience Large Bank Senior Examiner II:
College degree in business, finance, economics, information technology or related field required. Master’s degree preferred.
In depth/significant knowledge of Operational/IT risk concepts and demonstrated proficiency in making assessments of the level of Operational/IT risk and quality of risk management practices.
Generally has minimum of 10 (ten) years of bank regulatory or private industry experience with at least 7 (seven) years of large financial institution experience.
Possesses material expertise and advanced knowledge of Operational/IT risk measurement/management and the associated issues.


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