Job Information
Federal Reserve System BSA Coordinator/Bank Examiner in Minneapolis, Minnesota
Company
Federal Reserve Bank of Minneapolis
Are you looking for an opportunity where you can contribute, work a flexible schedule, and help promote a safe and sound financial system? The Federal Reserve Bank of Minneapolis is looking for financial professionals to fill a Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examiner/Coordinator position in its Safety & Soundness business line in the Supervision, Regulation, and Credit Division.
We are seeking individuals who currently hold, or have made substantial progress toward, an examiner commission from a federal (e.g., FRB, OCC, FDIC) or State banking regulatory agency, or have significant BSA/AML examination or industry experience. Existing expertise in digital assets/cryptocurrency, financial technologies (Fintech), and/or cybersecurity to support evolving trends in traditional banking is a plus. Applicants should possess strong analytical, communication and leadership skills, and enjoy working in a team environment. We are looking to fill the position in either Minneapolis or Helena, MT.
Supervision, Regulation, and Credit is responsible for supervising state member banks and bank holding companies within the Federal Reserve System's Ninth District. The primary responsibility of the position is to coordinate the BSA/AML ongoing supervision and examination activities for Regional and Community banks and bank holding companies in the Ninth District.
The Federal Reserve offers a comprehensive training and career development program, allowing you to build on your current knowledge and experience. We provide advanced training opportunities and support development of specialized knowledge, including professional certifications. We offer strong performers assignments of increasing complexity, leadership roles, and promotional opportunities.
Responsibilities:
Participate in the development and execution of examination scope memos, assessment work programs, conclusion memos, and supervisory response letters.
Review, organize, verify, and evaluate supervisory event documents prepared by self and others.
Communicate, describe, support, and discuss findings of supervisory events with Reserve Bank and supervised institution management.
Serve as a technical expert for all BSA/AML-related regulations and will act as a resource for state member bank/bank holding company BSA Officers, field examiners, and central points of contact.
Conduct ongoing analysis of Suspicious Activity Report filings, conduct training for general staff, support industry outreach, and participate in BSA/AML related projects.
Identify and participate in opportunities to enhance skills, including assisting with System or Reserve Bank special projects.
Safeguard equipment, sensitive data, and resources according to the SRC Information Security and Data Handling Handbook.
Travel up to 50% is required for this position.
Qualifications:
Strong analytical skills and detail-orientation.
Valid driver's license with acceptable driving record.
Acceptable statement of financial interests.
Ability and willingness to travel as required.
To be considered for Examiner , you must meet one of the following education and/or years of experience qualifications.
- Highschool diploma AND ten (10) years of progressive related professional experience OR Bachelor`s degree with coursework in business, accounting, finance, information technology/cybersecurity or closely related fields AND four (4) years of progressive related professional experience.
To be considered for Senior Examiner , you must meet one of the following education and/or years of experience qualifications.
- Highschool diploma AND twelve (12) years of progressive related professional experience OR Bachelor`s degree with coursework in business, accounting, finance, information technology/cybersecurity or closely related fields AND six (6) years of progressive related professional experience. Strong written, verbal, and interpersonal communication skills. (Writing sample required).
Preferred Qualifications: For the Examiner and Senior Examiner position, credentials and commission strongly preferred. In lieu of examiner credentials, BSA/AML experience within a bank or bank holding company environment as determined by SRC management may be acceptable. BSA/AML or fraud related industry certification also preferred.
Additional Information:
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 applicable background checks 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.
The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position, and you are expected to be in the office 3 days per week for meetings and team collaboration.
*The job requires travel. While this job posting notes the ability to travel up to 50%, travel requirements can vary greatly and depend on experience, economic conditions, and resource needs. We expect travel to stay well below 50% going forward; however, a change in circumstances could increase travel requirements.
Salary range for Minneapolis:
Examiner: $98,100 - $122,578 - $147,100
Senior Examiner: $127,900 - $159,820 - $191,800
Salary range for Helena:
Examiner: $88,300 - $110,320 - $132,400
Senior Examiner: $115,100 - $143,838 - $172,600
Salary offer will be based on qualifications/experience of the candidate, alignment with market data, the needs of the position, our total compensation package, and internal equity.
Our total rewards program offers benefits that are the best fit for you at every stage of your career:
Comprehensive healthcare options (Medical, Dental, and Vision)
401(k) match, and a fully-funded pension plan
Paid time off and holidays
Free public transportation passes
Annual educational assistance
On-site fitness facility
Professional development programs, training and conferences
And more…
The Minneapolis Fed is committed to developing a diverse workforce and providing an inclusive environment where all employees are respected and valued. We believe that we can foster development opportunities for all and reach our full potential by recognizing the unique experiences and identities of each of our colleagues. From _ economists to cash specialists (https://www.minneapolisfed.org/about-us/careers/job-profiles) _, we work together to represent you in our economy.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Bank Examination
Work Shift
First (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.
Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)
OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.
OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.
Why Our People Choose Us:
Our reputation precedes us
There will always be room for personal growth
Our people are first
You’ll find the right balance
Your responsibilities will be meaningful
We hope that you will be our future colleague.