Supervisory Examiner - LBO (Fifth Third)

CompanyFederal Reserve Bank of Cleveland

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This position supports the Federal Reserve's mission of financial system stability and is accountable for the supervision of Fifth Third Bancorp, headquartered in Cincinnati, Ohio, a financial holding company with over $100 billion in assets.

The Central Point of Contact (CPC) develops and ensures high-quality execution of the supervisory plan for the firm; conducts ongoing assessments of the firm’s financial and operational resiliency through a range of conditions; evaluates compliance and control environment adequacy across the entity; communicates supervisory assessments to a variety of internal and external stakeholders; and assigns and maintains appropriate supervisory ratings.

The CPC also obtains and analyzes information and trends on the financial services industry and incorporates peer institution perspective into the supervision of the firm. In addition, the CPC participates in horizontal reviews and monitoring activities to understand and promote safe and sound operations and compliance with banking laws and regulations. Finally, the CPC manages a team of examiners dedicated to supervising the firm and provides oversight and leadership to risk specialists that support the execution of the supervisory plan.

An individual may serve as a CPC assigned to a specific financial institution for up to five years.

Essential Accountabilities

• Demonstrates sound supervisory judgment and proficiency to develop and implement an effective supervisory plan that focuses on assessments of operational and financial resiliency. This includes adapting the supervisory approach as needed to reflect changes in the firm’s risk profile, System risk priorities, and external environment.

• Demonstrates learning agility and ability to effectively manage through ambiguity when faced with new/evolving supervisory topics and regulations or supervisory issues/situations that do not have clear solutions or outcomes.

• Ensures timely identification and communication of firm-specific and macro-prudential supervisory risks and issues, including for broad and highly complex subjects such as capital planning, liquidity, cybersecurity, model risk management, and corporate governance.

• Coordinates supervisory activities with Federal Reserve System horizontal reviews and other regulators, as appropriate. This includes effective risk prioritization, identification of resource requirements, the integration of multiple risk disciplines, and ensuring that supervisory products reflect and deliver an accurate view of the organizational issues.

• Establishes and maintains strong lines of communication with a variety of internal and external stakeholders.

• Maintains knowledge of emerging issues, trends, banking and economic conditions, and ongoing developments in the large bank supervision community, as well as a strong understanding of industry risk management practices.

• Manages a core team of examiners assigned to the supervision of the firm. This includes evaluating the appropriateness of their supervisory work products and assessments; providing coaching, mentoring, and performance feedback; and providing opportunities for professional development. This also includes providing oversight and direction to assigned risk specialists reporting through a separate management structure. 

• Attracts, develops, and retains professional staff with diverse capabilities and backgrounds, and develops successors for key roles.

• Leads or provides significant influence on System, Reserve Bank, or functional initiatives, committees, and projects.

• Performs other duties as assigned or requested.

Education and Experience

• Commissioned Examiner of Federal or State banking regulatory agencies.
• Bachelor’s degree in business management, accounting, finance, economics or related fields. Master’s degree preferred.
• A minimum of 5 years of experience with Federal Reserve System’s Large Financial Institution supervisory program.
• A minimum of 10 years of related work experience in financial services or other relevant specialty at a large complex financial institution. 
• Leadership experience in directing the work of others through direct reporting relationships, matrix management, or through projects and indirect work assignments.
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Knowledge and Skills

Demonstrated competency in the following areas:

• Knowledge of regulations, guidance, procedures, and practices applicable to firms over $100 billion total consolidated assets.

• Knowledge of large banking organization finances, strategy, operations, and risk management practices.

• Strong written and verbal communication skills and ability to communicate complex matters in a clear and concise manner.

• Strong interpersonal and negotiating skills that will enable the individual to build and maintain effective working relationships with internal and external stakeholders.

• Strong leadership and talent management skills, including the ability to attract and hire top talent, facilitate engagement amongst staff, focus on individual and team development, and build a strong team culture.

• Strong ability to establish accountability and drive results, build and maintain effective teams, and operate in a collaborative environment.

• Strong ability to adapt to evolving environments, effectively manage complexity, ambiguity, and conflicting priorities/multiple tasks, and provide sound and timely decisions.

• Advanced knowledge of regulations, guidance, procedures and practices applicable to firms overs $100 billion total consolidated assets

Other Requirements

This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.
 

In addition, all candidates must undergo an enhanced background check and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.

Physical Demands and General Working Conditions

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time. 

Must be willing to travel by car/air up to 10% of the time if living in the Cleveland, Ohio area or up to 40% if residing in other communities within Federal Reserve System’s Fourth District. Travel requirements are balanced with a flexible schedule and hybrid work arrangements. 

Reasonable Accommodation Statement - The Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. To request a reasonable accommodation for any part of the employment process, please send an email to [email protected].

Bank’s Ethics Rules and Drug Testing:

As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions. 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.

In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.

​Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels

Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job CategoryBank Examination

Work ShiftFirst (United States of America)

The Federal Reserve Banks believe 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 Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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