Enforcement Analyst Ii / Iii (Hybrid)

Federal Reserve Bank of PhiladelphiaThe 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:
This is for the Supervisory Job Family it is aimed primarily for positions within the Risk Analytics and Surveillance, Regulatory Applications, Financial Institution Structure and Enforcement business lines; but could include anyone within Supervision Regulation and Credit that performs these tasks.
An ideal candidate must have knowledge of, be able to perform actions that are related to activities in the designated business line. Possesses and applies comprehensive knowledge to the completion of moderately complex actions for state member banks, bank holding companies, savings and loan holding companies, and institution affiliated parties. Gathers, analyzes, and interprets moderately complex data. Prepares and presents accurate and comprehensive conclusions, recommendations, and related reports under general supervision. Briefs and advises business unit management on the identified issues. May review the work of less experienced analysts and provide training to promote professional development of staff. Participates on related department or Bank projects or task forces.
Provides comprehensive quantitative analysis; draws conclusions and recommendations to assist in the overall supervision of moderately complex to complex supervisory issues impacting financial institutions; participates in moderately complex to complex examinations/inspections or transactions/events; and develops and effectively communicates analytical findings for moderately complex to complex supervisory issues. Demonstrates a comprehensive understanding of supervision and regulation processes and the risks faced by supervised institutions; understands the interrelationship of banking risk and applies an integrated risk management approach in assessing an institution's performance; identifies moderately complex to complex supervisory issues; individual may have advanced skills in one or more disciplines.

• Participates in investigations of institution affiliated party (IAP) Suspicious Activity Reports (SARs) and other reported IAP frauds.
• May participates on bank, department, or system projects. Fulfills job duties and responsibilities in conformance with sound safety practices. Demonstrates effective SRC Core Competency skills for grade and position. Performs other related duties as assigned.
• Plans use of time to accomplish a variety of tasks with little or no oversight; schedules own work so that the most important work is completed first; assigns work and tasks to project team and coordinates completion of project deliverables; develops project plans, timelines and milestones for moderately complex to complex projects; serves as technical advisor/team member on projects, examinations/inspections, or in the regulatory applications process.
• Participates in departmental outreach program by making speeches to other Supervision, Regulation and Credit (SRC) business units, coordinating conferences, and/or writing articles related to assigned area of responsibility.
• Evaluates financial institution progress in meeting safety and soundness or consumer expectations, or complying with actions, and recommends alternative actions when warranted. Prepares correspondence to financial institutions describing further adjustments or corrective actions needed.
• Stays abreast of relevant regulations, interpretations, and legislation, and identifies emerging issues affecting the banking industry and financial institutions in the assigned portfolio.
• Plans, conducts, and directs moderately complex actions as they relate to a specific business unit; and performs such tasks. Participates in discussions with examination areas, Bank legal, and/or Board of Governors staff to determine the appropriate level of action to address identified deficiencies prepares recommendation memoranda, along with unit management, and may meet with bank senior management.

• Working with other enforcement analysts, participates in investigations of potential IAP frauds with examination areas, Bank legal, and/or Board of Governors staff.
• Works extensively with financial institutions and individuals that present a supervisory concern. Initiates, implements, monitors and processes terminations of enforcement actions.
• Coordinates with key stakeholders on enforcement action matters – financial institution management, Board staff, Reserve Bank Legal, department management and business units, other regulators and law enforcement.
• Possesses and applies basic knowledge of enforcement actions. Drafts informal and formal enforcement actions Leads discussions with enforcement and examination areas.

• Bachelor's degree or equivalent related work experience and education required; master's degree is a plus; legal background is helpful; active commission issued by the Board of Governors is preferred.
• Minimum of three years’ experience in bank supervision, banking or finance industry is ideal.

• Ability to effectively and efficiently manage tasks and deadlines.
• Identifies and assesses moderately complex to complex supervisory issues; effectively manages moderately complex to complex issues in order to meet our supervisory objectives and goals
• Identifies and assesses moderately complex to complex supervisory issues; effectively manages moderately complex to complex issues in order to meet our supervisory objectives and goals
• Ability to use standard Bank word processing, spreadsheet, and presentation applications.
• Works effectively on a team; leads team and uses skills of influence to accomplish stated goals; draws on experience to resolve moderately complex to complex issues; displays ability to engage and deal with people at all levels of an organization; Subject to general oversight in work performed; may serve as mentor and/or coach; engages other stakeholders in collecting feedback and input to complete work activities.
• Subject to general oversight in work performed; serves as mentor and/or coach; engages other stakeholders in collecting feedback and input to complete work activities
• Strong ability to present both orally and in writing, findings and assessments concerning moderately complex supervisory matters or institutions; prepares and presents information and responses to moderately complex questions.
• Demonstrates comprehensive analytical and problem solving skills; analyzes relationships among facts and events driving more complex problems; organizes data and information in a manner that effectively communicates issues; identifies underlying issues and recognizes trends/cause-effect relationships

• Flexible Spending Accounts and Healthcare Spending Accounts
• Additional Convenience Benefits, Discounts and More…
• Monthly $100 Commuter Allowance
• Parental Leave
• Paid Vacation/Sick Time & Holidays
• Onsite Cafeteria & Coffee Shop
• Tuition Reimbursement (undergraduate and graduate)
• Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period
• Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities
• 401k/Thrift Plan with generous employer match
• Flexible Work Schedule available in most departments
• Employer-funded Pension Plan
• Life Insurance and Long Term Disability Insurance

• Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation.
• This is not a 100% remote opportunity. You will be available to work on-site in at least a hybrid capacity.
• All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.
• We have eight employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Working Families and Veterans. ERGs are open to all employees.
• All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
• Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed.
• The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer eight employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.
• We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment.
• The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
• All non-CSI/FOMC access ee's: Certain eligibility rules apply. You will provide work authorization to prove their eligibility to work in the United States.

Full timeRegularYesBank ExaminationFirst (United States of America)