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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.