Risk Management Examinations Manager

The Division of Banks is seeking an experienced professional to serve as Risk Management Examinations Manager within the Depository Institution Supervision (DIS) Risk Management Unit. This management role oversees a team of examiners conducting safety and soundness examinations of Massachusetts state-chartered banks and credit unions.

This position plays a critical role in safeguarding the Commonwealth’s financial system by ensuring regulated depository institutions operate in a safe, sound, and compliant manner. The selected candidate will provide day-to-day leadership, technical expertise, and strategic direction to examination staff while contributing to the Division’s broader supervisory priorities.

About the Division:

As an employee of the Division of Banks, you will contribute to the mission of the Division of Banks by ensuring a sound, competitive, and accessible financial services environment throughout the Commonwealth. The Division maintains public confidence in Massachusetts financial institutions through the oversight of state-chartered banks and credit unions as well as non-depository licensees doing business in Massachusetts. We are a consumer protection agency, and we support financial literacy education and programs benefiting residents across the Commonwealth. The majority of the Division's employees are Examiners who conduct a variety of on-site and off-site examinations of financial institutions and licensed entities under the Division's jurisdiction. 

At the Division of Banks every employee’s ideas and experiences are welcomed. We value and respect that each individual brings different skills and perspectives that uniquely contribute to our agency and the work that we do. It is important that each employee feel empowered to contribute as this allows for more effective collaboration and better results. Within our workplace community, we offer a variety of training and mentoring to create and maintain learning environments that are inclusive, equitable, and welcoming.

Responsibilities

As a Risk Management Examinations Manager, you can expect to:

• Lead supervisory oversight of an assigned portfolio of state-chartered banks and credit unions, ensuring effective risk management and regulatory compliance.
• Oversee safety and soundness examinations across institutions of varying size and complexity, including risk scoping and off-site monitoring.
• Provide leadership, technical guidance, and mentorship to examination staff throughout the examination lifecycle.
• Engage with senior management of regulated institutions to communicate examination findings and supervisory expectations.
• Collaborate with federal regulatory partners, including the Federal Reserve, FDIC, and NCUA on join examinations and supervisory matters.
• Assist with the review of legal applications within the DIS Unit. 

Primary Duties:

• Supervise and manage a team of Risk Management Examiners conducting safety and soundness examinations of state-chartered banks and credit unions.
• Coordinate examination planning, risk scoping, and report review to ensure high-quality, consistent supervisory outcomes.
• Monitor institutional risk profiles through financial analysis and ongoing off-site monitoring activities.
• Coordinate and participate in joint examinations with federal regulatory partners, including the Federal Reserve, FDIC, and NCUA.
• Attend entrance and exit meetings with regulated institutions to present findings and discuss supervisory expectations.
• Support post-examination follow-up to ensure timely resolution of corrective actions.
• Provide structured supervision, performance feedback, and professional development guidance to Bank Examiner I-IV staff.
• Assist with the review of legal applications within the DIS Unit. 

Requirements/Skills Needed

Preferred Qualifications:

We encourage individuals who believe they have the skills necessary to thrive to apply for this role, even if you don’t meet 100% of the job qualifications.

• Extensive knowledge of Massachusetts and federal banking statutes and regulations governing depository institutions.
• Extensive experience with safety and soundness examination functions and risk rating systems, including familiarity with the CAMELS rating framework.
• Experience analyzing loan and investment portfolios, trust operations, and BSA/AML risk management programs.
• Strong analytical and financial assessment skills, coupled with excellent writing and communication ability.
• Ability to manage multiple complex projects simultaneously and interact effectively with Division staff and senior management of regulated institutions.
• Willingness and ability to travel throughout Massachusetts and occasionally out-of-state with overnight stays as needed.

The filling of this position is subject to appropriation and obtainment of all necessary approvals from the Office of Consumer Affairs and Business Regulation and the Executive Office for Administration and Finance. The Division reserves the right not to fill this position without notice. The position will report to a Chief Director within the Depository Institution Supervision (DIS) Risk Management Unit.

Qualifications (Minimum Entrance Requirements):

Applicants must have at least (A) five (5) years of full-time or, equivalent part-time, professional, administrative, supervisory, or managerial experience in financial management work (i.e. budgeting, accounting, auditing, management analysis, program evaluation, financial reporting of program results), of which (B) at least one (1) year must have been in a project management, supervisory or managerial capacity or (C) any equivalent combination of the required experience and substitutions below.

• A certificate in a relevant or related field may be substituted for one (1) year of the required (A) experience.
• A Bachelor's degree in a related field may be substituted for two (2) years of the required (A) experience.
• A Graduate degree or higher in a related field may be substituted for three (3) years of the required (A) experience.
• A Doctorate degree in a related field may be substituted for four (4) years of the required (A) experience.

How to Apply

Apply here: Job Description - Risk Management Examinations Manager (260002AD)