Jill Smiley

PROFESSIONAL EXPERIENCE

Jill is a Director in Protiviti’s Risk and Compliance practice with 20 years of experience in capital markets and bank supervision with the Federal Reserve. A former High Grade Corporate Bond Trader at Banc of America Securities with responsibilities spanning liquidity, structured products, risk management, balance sheet analysis, and direct profit and loss attribution. With both first line and second line Compliance experience, Jill has experience working at the Federal Reserve where she was a licensed bank examiner focused on assessing and understanding compliance regulation and risk management requirements for large, complex banking organizations. Prior to joining Protiviti, Jill worked at Bank of America in a regulatory liaison role engaging senior leadership and regulators handling interactions communications for regulatory inquiries and examinations addressing comprehensive compliance requirements including designing governance and oversight processes for U.S. Basel 3 and related capital management policy and regulations.

MAJOR PROJECTS

• Provided regulatory insight and guidance to business and compliance management for successful resolution of regulatory observations and examination reports including formal and informal matters relating to Market Risk, Compliance Risk, Governance and Counterparty Credit Risk.
• Developed and implemented enterprise-wide guidelines and requirements for handling regulatory inquires from domestic and international banking and securities regulators (i.e., Federal Reserve, FDIC, OCC, Office of the Superintendent of Financial Institutions (OSFI), China Banking Regulatory Commission (CBRC), China Securities Regulatory Commission (CSRC), PRA, FSC, Hong Kong Monetary Authority (HKMA) and Monetary Authority of Singapore (MAS)).
• Led an oversight team to assess whether actions undertaken by the Bank’s Counterparty Credit Group effectively addressed the approximate twenty MRAs issued by banking supervisors which included developing a quality assurance program and oversight process designed to monitor compliance with enhanced and newly developed controls.
• Analyzed and communicated to Federal Reserve and OCC regulators discrepancies between official regulatory reporting form standards / instructions and the U.S. Basel 3 rules the forms were to cover. Forms included FFIEC 101, FR Y-9C Call Reports, with regard to RC-R / HC-R, Systemic Risk Report FR Y-15, resulting in corrections by the banking supervisors.
• Lead Examiner / Examiner in Charge for a Market Risk Amendment Horizontal (MRAH ) review for a large, complex Foreign Banking Organization (FBO) representing one of only two FBOs and one of nine total MRAHs completed for the Federal Reserve System. Led a team of eight examiners from across the Federal Reserve system including New York and Boston and managed information sharing with European Regulators (i.e., BaFin and Bundesbank).
• Provided liquidity as a trader for institutional accounts in High Grade Corporate Bonds responsible for Risk Management, Balance Sheet Oversight, trading book liquidity, and Profit and Loss.

Areas of Expertise

• Regulatory Relations 
• Financial Services Regulations 
• Capital Markets
• Capital Management
• Governance Policies
• Fixed Income Trading
• Regulatory Reporting
• Compliance Risk

Industry Expertise

• Financial Services
• Capital Markets

Education

• B.S., Indiana University
• M.B.A., New York University Leonard N. Stern School of Business

Professional Memberships and Certifications

• Federal Reserve Board of Governors Commissioned Examiner
• Series 7, 24, 63 and 65 (Previous)