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The Federal Reserve Bank of Dallas believes in the diversity of our people, ideas and experiences, and we are committed to building an inclusive culture that represents the communities we serve.
As part of the nations central bank, the Federal Reserve Bank of Dallas is committed to strengthening the economy and our communities. At the Fed, you have the opportunity to become part of an important public service institution whose work touches lives across the globe. Its a big job, and thats why we need talented, results-driven professionals who care about making a difference.
The Senior Risk Specialist primarily conduct examinations of the fiduciary and wealth management activities conducted by community state member banks and bank holding company organizations to determine soundness and compliance with laws, regulations, and principles. This is accomplished by proactively identifying the quality of risk management practices and the quantity and quality of the inherent and residual risk for the institution. Requires the ability to work collaboratively with various business lines, Reserve Bank management, Board of Governors staff, and other regulatory agencies. Conducts meetings with institution management, and prepares written reports of findings that clearly explain conclusions. Provides performance feedback and direction to staff. Contributes to various Federal Reserve System, Reserve Bank, and department initiatives by participating on committees, training initiatives, and the development of policy statements.
Advanced analytical skills as well as a thorough knowledge of fiduciary principles and practices
Leads or participates in fiduciary and wealth management supervisory events of financial institutions; analyzes and evaluates the entitys policies, procedures and controls affiliated with the risk area; confers with entity and other Federal Reserve personnel to gather information and resolve any issues that arise during the examination; recommends fiduciary regulatory ratings/assessments; leads meetings with entity officials, and Reserve Bank management to discuss issues, findings and recommendations
Leads post-supervisory event activities consisting of completing or supervising the completion and review of workpapers and the examination report, letter of finding or internal memorandum; ensures written documents summarize and communicate the findings to the entity board and management, the Board of Governors and other regulatory agencies, and comply with System and district standards, policies and procedures
Conducts or supervises the analysis of responses to remediate issues identified during a supervisory event; monitors entity between supervisory events for new issues and significant changes in risk profile, recommending actions to be taken where appropriate
Ensures expertise is maintained by participating in system and industry conferences, discussions, and training; ensures that Reserve Bank management and appropriate business lines affected by the fiduciary risk area are aware of the risks and changes in the risk and how such changes affect all business lines and entities supervised
Strong knowledge of fiduciary operations, applicable laws and regulations, and relevant supervisory guidance
Excellent communication (written and verbal) and analytical skills
Ability to handle difficult or challenging conversations and to provide critical feedback
Ability to independently research complex questions
Ability to communicate effectively with a variety of stakeholders, including senior staff at the Reserve Bank, Board of Governors, and banking organizations
Ability to work well in a team environment while providing strong leadership
Ability to manage multiple tasks at one time
Ability to remain current on new and evolving issues
EDUCATION AND EXPERIENCE:
Bachelors degree in finance, accounting, or related field; a law degree may be also considered
Minimum 5 years of experience as a credit analyst, bank examiner, trust compliance officer; a trust auditor is strongly preferred
Other fiduciary-related work experience (e.g. trust administrative or investment officer) may be considered
Fiduciary-related certifications and advanced training are also strongly preferred
An examiner commission is preferred but not required
Equivalent education and/or experience may be substituted for any of the above requirements
WORK HOURS AND CONDITIONS:
M-F from 8:00 a.m. to 5:00 p.m.; alternate work schedule 80 hours/2 weeks/additional hours may be required
Required average travel of 25% - 50% will be necessary to complete job duties and responsibilities
This position will be located in the Dallas office.
Applicants will be considered for future Dallas Fed events.
The commissioning status, salary level, and title for this position will be determined by applicant's qualifications.
Employment is contingent upon the selected candidate passing a financial credit check.
By federal law, this position requires that candidates fall within one of the following citizenship categories: (1) U.S. citizen, (2) U.S. national, (3) U.S. permanent residents who are not yet eligible to apply for naturalization, or (4) U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.
We are Proud to be an Equal Opportunity Employer
Primary Location: TX-Dallas Work Locations: Organization: Federal Reserve Bank of Dallas Schedule: Full-time Job Type: Experienced Shift: Day Job Travel: Yes, 50 % of the Time