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Senior Specialist - Consumer Compliance Examinations

Description

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.


Job Summary:

Briefs and counsels CC/CRA and Outreach officers, Reserve Bank senior management, and System management on topics concerning bank supervision and regulation of consumer protection activities. Advises department management on highly complex supervisory issues related to consumer protection regulations and proposed changes to those regulations. Plays a leading role in training, implementing and ensuring compliance with examination procedures and System guidance. Independently anticipates supervisory and regulatory issues of concern to the Reserve Bank.


Principal Duties and Responsibilities:


  • Takes a leadership role in the planning, development and implementation of strategies and programs to ensure that the unit's supervision and outreach functions operate in accordance with Reserve Bank and System goals and requirements;
  • Reviews examination reports and associated documentation as part of the unit's quality control initiatives and provides feedback, mentoring and training to unit members to improve performance;
  • Participates in the unit's outreach activities, including:
    • Creation and delivery of presentations on consumer protection laws and regulations and examination procedures for bank and bank holding company staff and boards, other regulators, consumers, and other related parties;
    • Writing/editing articles for Consumer Compliance Outlook;
  • Represents the unit on Reserve Bank, System, or interagency work groups and/or Advisory Boards related to consumer compliance, as needed, including Consumer Compliance Outlook;
  • Briefs and counsels senior management on consumer protection regulations and the unit's implementation of examination procedures;
  • Advises unit staff of trends and emerging issues pertaining to consumer protection regulations;
  • Demonstrates effective SRC core competency skills for grade and position;
  • Complies with all applicable security policies guidelines and practices; and
  • Performs other related duties, as assigned.

Candidates must submit a resume and cover letter to be considered.


Subordinates:

None.


Scope Measurements:

None.

Requirements

Education and Experience:

  • Substantial consumer compliance regulatory experience required (15+ years);
  • Fluency in current consumer protection laws and regulations required;
  • Experience with System examination procedures and guidance required;
  • Experience in training and mentoring junior colleagues preferred;
  • Experience in carrying out and leading projects independently preferred; and
  • Examiner commission and/or CRCM designation a plus.

Knowledge and Skills:

  • Comprehensive and current knowledge of consumer protection laws and regulations (must be able to prove in-depth analysis of complex issues involving consumer protection laws and regulations);
  • Excellent oral and written communication skills [ability to effectively communicate with all levels in the Reserve Bank (staff levels through senior management)];
  • Demonstrated project management skills- record of taking initiative and ownership of projects and developing and implementing projects/programs;
  • Strong organizational and time management skills, and ability to work independently and with minimal supervision;
  • Solid problem-solving, prioritization and analytical skills;
  • Must display initiative and a capacity to take on significant responsibility in achieving department objectives;
  • Advanced interpersonal skills (demonstrates the ability to work productively with others in a team environment);
  • Must provide clear feedback in order to coach and support team members in developing strong work products; and
  • Demonstrated ability to provide training, guidance and mentoring to staff.

Other Requirements:


The position may include participation on unit, Reserve Bank, and System projects, and supervisory events, which may require some overnight travel (up to 25% of the time).



Physical Requirements:


None.


Applicants must be able to provide work authorization to prove their eligibility to work in the United States.  An applicant for employment also must be a U.S. Citizen, U.S. National or hold a permanent resident/green card with intent to become a U.S. Citizen.


Note:

This document indicates the general nature and level of work performed by employees within this position. It is NOT a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks and duties might differ from those outlined in the job description, and 'other duties as assigned' are part of the job. The Federal Reserve Bank of Philadelphia reserves the right to modify the elements of this job description as business needs require.


The Federal Reserve Bank of Philadelphia believes 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 Bank of Philadelphia is proud to be an equal opportunity workplace.

Job Snapshot

Location US-PA-Philadelphia
Employment Type Full-Time
Pay Type Year
Pay Rate N/A
Store Type Accounting
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Company Overview

Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. One of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware. Learn More

Contact Information

US-PA-Philadelphia
Snapshot
Federal Reserve Bank of Philadelphia
Company:
US-PA-Philadelphia
Location:
Full-Time
Employment Type:
Year
Pay Type:
N/A
Pay Rate:
Accounting
Store Type:

Description

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.


Job Summary:

Briefs and counsels CC/CRA and Outreach officers, Reserve Bank senior management, and System management on topics concerning bank supervision and regulation of consumer protection activities. Advises department management on highly complex supervisory issues related to consumer protection regulations and proposed changes to those regulations. Plays a leading role in training, implementing and ensuring compliance with examination procedures and System guidance. Independently anticipates supervisory and regulatory issues of concern to the Reserve Bank.


Principal Duties and Responsibilities:


  • Takes a leadership role in the planning, development and implementation of strategies and programs to ensure that the unit's supervision and outreach functions operate in accordance with Reserve Bank and System goals and requirements;
  • Reviews examination reports and associated documentation as part of the unit's quality control initiatives and provides feedback, mentoring and training to unit members to improve performance;
  • Participates in the unit's outreach activities, including:
    • Creation and delivery of presentations on consumer protection laws and regulations and examination procedures for bank and bank holding company staff and boards, other regulators, consumers, and other related parties;
    • Writing/editing articles for Consumer Compliance Outlook;
  • Represents the unit on Reserve Bank, System, or interagency work groups and/or Advisory Boards related to consumer compliance, as needed, including Consumer Compliance Outlook;
  • Briefs and counsels senior management on consumer protection regulations and the unit's implementation of examination procedures;
  • Advises unit staff of trends and emerging issues pertaining to consumer protection regulations;
  • Demonstrates effective SRC core competency skills for grade and position;
  • Complies with all applicable security policies guidelines and practices; and
  • Performs other related duties, as assigned.

Candidates must submit a resume and cover letter to be considered.


Subordinates:

None.


Scope Measurements:

None.

Requirements

Education and Experience:

  • Substantial consumer compliance regulatory experience required (15+ years);
  • Fluency in current consumer protection laws and regulations required;
  • Experience with System examination procedures and guidance required;
  • Experience in training and mentoring junior colleagues preferred;
  • Experience in carrying out and leading projects independently preferred; and
  • Examiner commission and/or CRCM designation a plus.

Knowledge and Skills:

  • Comprehensive and current knowledge of consumer protection laws and regulations (must be able to prove in-depth analysis of complex issues involving consumer protection laws and regulations);
  • Excellent oral and written communication skills [ability to effectively communicate with all levels in the Reserve Bank (staff levels through senior management)];
  • Demonstrated project management skills- record of taking initiative and ownership of projects and developing and implementing projects/programs;
  • Strong organizational and time management skills, and ability to work independently and with minimal supervision;
  • Solid problem-solving, prioritization and analytical skills;
  • Must display initiative and a capacity to take on significant responsibility in achieving department objectives;
  • Advanced interpersonal skills (demonstrates the ability to work productively with others in a team environment);
  • Must provide clear feedback in order to coach and support team members in developing strong work products; and
  • Demonstrated ability to provide training, guidance and mentoring to staff.

Other Requirements:


The position may include participation on unit, Reserve Bank, and System projects, and supervisory events, which may require some overnight travel (up to 25% of the time).



Physical Requirements:


None.


Applicants must be able to provide work authorization to prove their eligibility to work in the United States.  An applicant for employment also must be a U.S. Citizen, U.S. National or hold a permanent resident/green card with intent to become a U.S. Citizen.


Note:

This document indicates the general nature and level of work performed by employees within this position. It is NOT a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks and duties might differ from those outlined in the job description, and 'other duties as assigned' are part of the job. The Federal Reserve Bank of Philadelphia reserves the right to modify the elements of this job description as business needs require.


The Federal Reserve Bank of Philadelphia believes 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 Bank of Philadelphia is proud to be an equal opportunity workplace.

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