Supervision Analyst - Federal Reserve Bank - Chicago, IL

Supervision Analyst-246903
Federal Reserve Bank of Chicago
Chicago, IL
Full description:

https://frb.taleo.net/careersection/2/jobdetail.ftl?job=246903&lang=en#.V3wtHAbbv5I

Supervision and Regulation Department: Consumer Compliance Division

The Federal Reserve Bank of Chicago is searching for highly qualified candidates for an immediate opening for a Supervision Analyst to conduct data driven activities in support of supervisory objectives. Ideal candidates will have knowledge of housing, economic, and demographic data and sources, analytic skills including basic programming and query design knowledge and commitment to consumer protection. The position will be based in our landmark office in Chicago’s Financial District.

Job Summary

The Federal Reserve Bank of Chicago plays a key role in supervising compliance with consumer protection laws for banks within the Seventh District and for the largest bank holding companies regulated by the Federal Reserve. Within the Supervision and Regulation Department, the Supervision Analyst team is responsible for collecting, compiling and disseminating data in support of individual and portfolio supervisory activity. Furthermore, the Supervision Analyst team is responsible for developing intelligence on trends, risks, and data to inform supervisory and policy development throughout the Federal Reserve System.

The Supervision Analyst will work with data sources and portfolio managers to assist in the use of data driven supervision efforts for consumer protection laws. The position will work closely with other Consumer Compliance Supervision Analysts, as well as Consumer Compliance Risk Specialists to build data for use in supervisory exams and activity, create workflows, enhance procedures, and identify emerging institutional and/or portfolio level risks. This position will work with the following (although not limited to) data sources: institutional loan level data, HMDA, Small Business (CRA) and census data, and internal supervisory or regulatory databases. This position also requires the ability to produce and analyze maps.

Essential Duties

• Develop materials to support exam activities that are accurate, quality-based, procedurally compliant and timely
• Provide consultative activities to portfolio managers and examiners-in-charge with regards to data for exam specific activities
• Identify and craft automated solutions for data and workflow processes, while continuing to assume ownership for procedural documents and processes
• Collaborate to identify additional reporting needs and execute on building and delivering materials to portfolio managers, as well as senior level management
• Develop and maintain strong ongoing relationships with supervisory personnel within the business line, division and across Reserve Banks
• Performs other duties as assigned

Education & Experience

• Bachelor's degree or equivalent experience. Coursework in Economics, Finance, Computer Science, Mathematics, Statistics or Business Administration preferred
• Over three years of direct work-related experience.

Knowledge & Skills

• Experience with SQL and or SAS preferred
• Strong Excel Skills, including automation of routine functions, VBA a plus
• Knowledge of GIS
• Ability to work with external data, curate division data resources and compile new data sets
• Knowledge of SharePoint, experience with WorkFlows or NinTex a plus.
• Demonstrates independent thinking and decision-making abilities
• Demonstrates strong written and oral communication abilities
• Possesses and applies both specific and broad knowledge of principles, practices, and procedures of consumer protection

Other Requirements

• Applicants must be U.S. Citizens or permanent residents with the intent to become U.S. Citizens
• As a condition of employment, Federal Reserve Bank of Chicago 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 official if necessary

Researcher or Senior Researcher, Center for Responsible Lending - Durham, NC or Washington, DC

Researcher or Senior Researcher (Durham, NC or Washington, DC)

Job posted by: Center for Responsible Lending

The Organization:

The Center for Responsible Lending (CRL) is a nonprofit, nonpartisan research and policy organization that promotes responsible lending practices and access to fair terms of credit for low-wealth families. CRL was created in 2002 to protect homeownership and family wealth by working to eliminate predatory lending and other abusive financial practices. Our work has helped lead to major changes in lending practices, saving families over $2 billion annually. CRL has more than 40 employees and offices in Durham, NC; Oakland, CA; and Washington, DC.

CRL is an affiliate of Self-Help, a community development lender founded in 1980 that has provided over $6 billion in financing to help more than 75,000 low-wealth borrowers buy homes, build businesses, and strengthen community resources.

Position Description:

The Research Team at the Center for Responsible Lending (CRL) combats abusive financial practices by conducting timely, innovative, rigorous and accessible analysis that provides the foundation for CRL's advocacy. Throughout the organization's 13 year history, CRL Research has distinguished itself as a trusted authority on predatory mortgage lending and payday lending and, more recently, on a broad range of consumer finance issues that includes student debt, excessive overdraft fees and abusive debt collection. CRL seeks two new team members to conceive, execute, and publish research and quantitative policy analysis related to predatory lending and consumer protection.

Essential Responsibilities:

• Design, manage and execute quantitative and qualitative research projects on a variety of consumer finance issues relevant to CRL's mission - from inception to publication and dissemination. Senior Researchers expected to perform task with more independence and less guidance than Researchers.

• Perform and interpret quantitative and statistical analyses of publically available data (e.g. Survey of Consumer Finances, HMDA) and proprietary consumer finance data (e.g. credit bureau data, loan level performance data).

• Develop and maintain comprehensive, up-to-date knowledge and understanding of market trends for relevant financial products and financial institutions by analyzing such sources as bank call reports, SEC filings and industry analyst reports.

• Critically review articles in academic journals and reports by think tanks.

• Provide quantitative analysis expertise to internal staff.

• Present research findings to both external and internal audiences.

• Work closely with CRLs policy, communications, and outreach staff to ensure CRL research is relevant to policymakers and the general public.

Minimum Qualifications:

• Graduate degree in economics, statistics, urban planning, public policy or related field.

• Researcher candidates should have two (2) years of quantitative or qualitative research, program evaluation, or quantitative policy analysis experience. Candidates for Senior Researcher position expected to have four (4) years of experience.

• Strong statistical analysis skills, including experience using regression and other multivariate analysis tools.

• Professional experience and academic training in the use of SAS, SPSS or other statistical analysis software, as well experience with both Microsoft Excel and PowerPoint.

• Affinity for collaborating with colleagues on the research team and other CRL teams (e.g. policy, communications, outreach).

• Successful candidate will have demonstrated attention to detail; excellent writing skills; ability to juggle multiple projects simultaneously; and interest in social and economic justice issues.

Desired Qualifications:

• Familiarity with issues of consumer finance (such as mortgage lending, payday lending, student lending, debt collection, or other issues impacting low-wealth, financially-vulnerable households).

• Experience analyzing market trends for by analyzing such sources as bank call reports, SEC filings and industry analyst reports.

• Prior experience analyzing individual, household, transaction, or level data to quantify impact of consumer finance products on consumers.

Physical Requirements:

Frequently requires use of manual dexterity and repetitive motions, primarily with the wrists, hands,

and/or fingers. Must be able to occasionally lift and exert force of up to 10 pounds.

Compensation:

Competitive nonprofit salary, based on experience, plus a generous benefits package.

How to apply

To apply, send resume and cover letter, describing why you are a fit for this position, to hiringmanager@self-help.org. Please include the position title as the subject. Application must be received by September 11th to ensure consideration. Applications received after this date may or may not be considered, depending on the applicant pool. The position will remain posted until filled.