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Financial Institution Specialist (Compliance)

Financial Institution Specialists participate in the assessment of financial institutions to ensure consumers and depositors are treated fairly and operate in compliance with federal consumer protection, anti-discrimination, and community reinvestment laws; and promoting economic inclusion by helping to build and strengthen positive connections between insured financial institutions and consumers, depositors, small businesses, and communities. Financial Institution Specialists also:

  • Evaluate compliance with applicable consumer protection, fair lending and civil rights laws and regulations, Community Reinvestment Act, and related enforcement responsibilities, through targeted compliance examination reviews.
  • Research, compile, manipulate, and/or evaluate data to prepare a variety of documents, management reports and presentations.
  • Identify and report unusual transactions, irregularities, weaknesses or deficiencies to a higher-graded specialist/examiner and/or supervisor.
  • Utilize computer software programs to perform analysis and generate applicable reports and documents.
  • Attend meetings with FDIC officials, attorneys, representatives of financial institutions or other private sector representatives, and/or other federal and state regulatory agency officials to discuss issues of mutual concern when applicable, and under the guidance of higher-graded specialists/examiners and/or supervisors.
  • Meet with and conduct interviews of institution personnel of various levels to determine their awareness of current laws and regulations, obtain information and documents, and provide feedback regarding examination activities.
  • Prepare examination reports and related documents (examination scope memoranda, work papers, compliance examination reports, CRA performance evaluations, visitation reports, and consultation memoranda when applicable).
  • Participate as members of the compliance examination team by ensuring that their portion of an examination is completed timely; communication with co-workers regarding work performed on an examination; and, sharing information with co-workers.