Eleos Inc.
Sr. Examiner/Sr. Risk Specialist – Consumer Compliance - CRA
PayCompetitive
LocationSan Francisco/California
Employment typeFull-Time
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Job Description
- Req#: 23-00008
- Acts as a subject matter expert on CRA, providing guidance to internal and external stakeholders, particularly with regard to regulatory or policy changes.
- Participates and leads consumer compliance supervisory events at large and complex financial institutions.
- In both verbal and written format, communicates sound conclusions and recommendations regarding the effectiveness of financial institutions' compliance management systems and CRA programs.
- Builds and maintains effective working relationships with partners within Client 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.
- 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 the CRA and relevant laws and regulations.
- Bachelor's degree is required; a major 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.
- Strong understanding of CRA and relevant community development principles.
- An understanding of risk management and banking principles.
- 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 Power Point.
- Valid driver's license is required.
- Ability to travel up to 25%.
- Active examiner commission issued by the Board of Governors of Client System or other federal agency. If the successful candidate does not maintain an examiner commission, enrollment in Client System's Consumer Compliance Examiner Commissioning Program will be required and candidate will be hired as a Sr. Risk Specialist.
- 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.
09/07: IMP Notes:
Reason Open: Replaced a person who are retired
*CRA Program: Community Reinvestment Act (CRA), Report out to Bank of Director, Higher State Outreach, Analysis Reported, Compliance Management
12 District: Strategic Plan - regional and larger banks
San Francisco is the headquarter of the Twelfth Client District, which includes the nine western states—Alaska, Arizona, California, Hawai'i, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands.
1. What is it like working for your Team?
Critical thinker, able to multi-task, not like routine, working with layers of bureaucracy, respect reporting structure
a. Please share the main function of this role (CRA)?
Training and Outreach on community re-investment ACT (final stages, regulatory, industry feedback, regulation, FDIC alleging standards, retrain on the requirement (metrics how banks are compliant, background history and concept of ACT) external outreaching and internal groups to provide training program, maybe not as familiar but will be trained if needed. Option under the regulation to create their own metrics. Leading examination, runway between when the revised regulation and imputation is going to be effective.
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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. That's why we offer a flexible hybrid work model that allows you to collaborate with office colleagues on some days, and work from home on others.
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.
Our ideal candidate has deep experience and subject matter expertise with the Community Reinvestment Act (CRA) and is deeply committed to the mission of the CRA and its goals. We prefer a Commissioned Examiner via Client Examiner Commissioning Program (or another banking regulatory agency with CRA oversight such as the FDIC or OCC) or someone who 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 :
Requirements:
Final salary and offer will be determined by the applicant's background, experience, skills, internal equity, and alignment with market data.
Benefits:
SF Fed 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 a Retirement / Pension.
About the company
Eleos is a consulting and career agency where we embrace inspiration and transform creativity in the digital space.