Deputy Central Point of Contact (Deputy CPC)
Company Name:
Federal Reserve Bank
_The Federal Reserve Bank of Cleveland is part of the nation's central bank. We have provided many opportunities for professional growth during our history.
For fourteen years in a row, we've been named One of Northeast Ohio's Best Places to Work by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.
At our state-of-the-art offices we are seeking innovative thinkers with vision to build the framework that will carry the Bank into the future. Join our team!_
Deputy Central Point of Contact (Deputy CPC)
Large Banking Organization (LBO) Portfolio
Summary:
The Federal Reserve Bank of Cleveland has an opening for the Deputy Central Point of Contact (Deputy CPC) for aCleveland based LBO. The Deputy CPC assists the Central Point of Contact (CPC) in all supervisory activities for the LBO, including the development and review of supervisory plans, risk and ratings assessments, target examinations and other supervisory products. The Deputy CPC oversees specific aspects of supervision of the LBO, and coordinates a team of examiners dedicated to supervise the company in their respective risk orfunctional areas. The Deputy CPC assists in the development and implements the long-range supervisory plan for the LBO in their respective area(s); collects and monitors information and trends for respective area(s); and monitors peer institution and financial services industry trends and risks. Finally, the Deputy CPC works with the CPC to develop strong relationships with LBO management, Federal Reserve Bank personnel and management, Board of Governors staff, and other regulators.
Responsibilities:
Effectively serve as back-up to the Deputy CPC for all supervisory activities, questions, and requests pertaining to the LBO.
Assists in developing and leads the implementation of the supervisory plan for the assigned risk and functional areas and coordinates respective supervisory and scheduling activities for the LBO.
Proactively develops and communicates supervisory findings and required actions to the institution, Reserve Bank management, directorate of the LBO and the Board of Governors (as necessary). Ensures corrective action is taken within the timeframes committed to by management.
Proactively identifies risks through off-site monitoring and on-site examinations to promote and ensure prudent banking practices and overall financial and managerial stability.
Ensures supervisory activities are completed in accordance with Reserve Bank and System quality standards.
Serves as examiner-in-charge or participates on examinations and inspections of institutions or continuous monitoring activities.
Communicates and coordinates supervisory efforts with other regulatory agencies, governmental agencies and various risk specialist and senior officials within the Federal Reserve System and at the Board of Governors.
Demonstrates expertise on banking and regulatory related practices, standards, trends and issues and serves as a resource for examination staff, FRB management, as well as management of the supervised institution.
Supports and implements department's core business process expectations and changes, as applicable.
Oversees the work of designated team and contributes to their development, performance management and compensation decisions.
As appropriate, participates on System and/or department projects.
Maintains peer networks for horizontal risk comparisons.
Job Specifications:
Commissioned Examiner or Senior Examiner with a comprehensive understanding of large bank supervisory processes and systems, exposure to a variety of examination disciplines, and a broad knowledge of the banking industry, risk management practices and financial analysis. Prior supervisory experience relative to CCAR, incentive compensation, corporate strategy, and/or core business lines are a plus.
Minimumof 6
years of related experience.
Advanced analytical skills and ability to understand, apply, and explain complex regulatory concepts.
Strong ability to negotiate effectively, resolve conflicts in a positive manner to achieve supervisory goals, and build effective working partnerships and consensus.
Abilityto provide leadership in a collaborative decision-making process.
Capacity to identify and pursue multiple initiatives simultaneously and deliver superior results with minimal or no supervision.
Useof sound judgment in prioritizing, evaluating trade-offs, and resolving supervisory issues.
Excellent written and oral communication skills and ability to effectively communicate complex/sensitive issues, analysis, and supervisory concerns. A strong commitment to keep Reserve Bankpersonnel and all appropriate stakeholders informed on the condition/riskprofile/significant events regarding the institution.
Ability to mentor and coach as well as effectively communicate candid feedback in aconstructive/supportive manner.
Some travel will be required, depending on the candidate's location.
PLEASE NOTE: This position requires access to confidential supervisory information, access to which is limited to Protected Individuals as defined by regulation of the Board of Governors of the Federal Reserve System. Protected Individuals include, but are not limited to, U.S. Citizens, U.S. Nationals, and lawful permanent resident aliens (also known as green card holders) but do not include (i) a permanent resident alien who fails to apply for naturalization within six months of the date the alien first becomes eligible to apply for naturalization and (ii) an alien who has applied on a timely basis, but has not been naturalized as a citizen within 2 years after the date of the application, unless the alien can establish that the alien is actively pursuing naturalization. If you are selected for an interview, you will be required to present documentation of your eligibility prior to the interview.
Primary Location: OH-Cleveland
Full-time / Part-time: Full-time
Employee Status: Regular
Overtime Status: Exempt
Job Type: Experienced
Travel: Yes, 50 % of the Time
Shift: Day Job
Req ID: 236801Estimated Salary: $20 to $28 per hour based on qualifications.
Federal Reserve Bank
_The Federal Reserve Bank of Cleveland is part of the nation's central bank. We have provided many opportunities for professional growth during our history.
For fourteen years in a row, we've been named One of Northeast Ohio's Best Places to Work by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.
At our state-of-the-art offices we are seeking innovative thinkers with vision to build the framework that will carry the Bank into the future. Join our team!_
Deputy Central Point of Contact (Deputy CPC)
Large Banking Organization (LBO) Portfolio
Summary:
The Federal Reserve Bank of Cleveland has an opening for the Deputy Central Point of Contact (Deputy CPC) for aCleveland based LBO. The Deputy CPC assists the Central Point of Contact (CPC) in all supervisory activities for the LBO, including the development and review of supervisory plans, risk and ratings assessments, target examinations and other supervisory products. The Deputy CPC oversees specific aspects of supervision of the LBO, and coordinates a team of examiners dedicated to supervise the company in their respective risk orfunctional areas. The Deputy CPC assists in the development and implements the long-range supervisory plan for the LBO in their respective area(s); collects and monitors information and trends for respective area(s); and monitors peer institution and financial services industry trends and risks. Finally, the Deputy CPC works with the CPC to develop strong relationships with LBO management, Federal Reserve Bank personnel and management, Board of Governors staff, and other regulators.
Responsibilities:
Effectively serve as back-up to the Deputy CPC for all supervisory activities, questions, and requests pertaining to the LBO.
Assists in developing and leads the implementation of the supervisory plan for the assigned risk and functional areas and coordinates respective supervisory and scheduling activities for the LBO.
Proactively develops and communicates supervisory findings and required actions to the institution, Reserve Bank management, directorate of the LBO and the Board of Governors (as necessary). Ensures corrective action is taken within the timeframes committed to by management.
Proactively identifies risks through off-site monitoring and on-site examinations to promote and ensure prudent banking practices and overall financial and managerial stability.
Ensures supervisory activities are completed in accordance with Reserve Bank and System quality standards.
Serves as examiner-in-charge or participates on examinations and inspections of institutions or continuous monitoring activities.
Communicates and coordinates supervisory efforts with other regulatory agencies, governmental agencies and various risk specialist and senior officials within the Federal Reserve System and at the Board of Governors.
Demonstrates expertise on banking and regulatory related practices, standards, trends and issues and serves as a resource for examination staff, FRB management, as well as management of the supervised institution.
Supports and implements department's core business process expectations and changes, as applicable.
Oversees the work of designated team and contributes to their development, performance management and compensation decisions.
As appropriate, participates on System and/or department projects.
Maintains peer networks for horizontal risk comparisons.
Job Specifications:
Commissioned Examiner or Senior Examiner with a comprehensive understanding of large bank supervisory processes and systems, exposure to a variety of examination disciplines, and a broad knowledge of the banking industry, risk management practices and financial analysis. Prior supervisory experience relative to CCAR, incentive compensation, corporate strategy, and/or core business lines are a plus.
Minimumof 6
years of related experience.
Advanced analytical skills and ability to understand, apply, and explain complex regulatory concepts.
Strong ability to negotiate effectively, resolve conflicts in a positive manner to achieve supervisory goals, and build effective working partnerships and consensus.
Abilityto provide leadership in a collaborative decision-making process.
Capacity to identify and pursue multiple initiatives simultaneously and deliver superior results with minimal or no supervision.
Useof sound judgment in prioritizing, evaluating trade-offs, and resolving supervisory issues.
Excellent written and oral communication skills and ability to effectively communicate complex/sensitive issues, analysis, and supervisory concerns. A strong commitment to keep Reserve Bankpersonnel and all appropriate stakeholders informed on the condition/riskprofile/significant events regarding the institution.
Ability to mentor and coach as well as effectively communicate candid feedback in aconstructive/supportive manner.
Some travel will be required, depending on the candidate's location.
PLEASE NOTE: This position requires access to confidential supervisory information, access to which is limited to Protected Individuals as defined by regulation of the Board of Governors of the Federal Reserve System. Protected Individuals include, but are not limited to, U.S. Citizens, U.S. Nationals, and lawful permanent resident aliens (also known as green card holders) but do not include (i) a permanent resident alien who fails to apply for naturalization within six months of the date the alien first becomes eligible to apply for naturalization and (ii) an alien who has applied on a timely basis, but has not been naturalized as a citizen within 2 years after the date of the application, unless the alien can establish that the alien is actively pursuing naturalization. If you are selected for an interview, you will be required to present documentation of your eligibility prior to the interview.
Primary Location: OH-Cleveland
Full-time / Part-time: Full-time
Employee Status: Regular
Overtime Status: Exempt
Job Type: Experienced
Travel: Yes, 50 % of the Time
Shift: Day Job
Req ID: 236801Estimated Salary: $20 to $28 per hour based on qualifications.
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