Julie Pavek-Olson

Risk Management Professional

Minneapolis, Minnesota, United States

About

I have twenty plus years of experience in banking supervision with the Federal Reserve Banks of Minneapolis and Chicago. As of July 2021, I began pursuing entrepreneurial opportunities with the senior leadership of H&E LLC., Minneapolis. I am a highly motivated person who strives to excel in all areas of my life, including my career.

Experience

  • Senior Consultant at H&E LLC
    Aug 2021 - Present · 4 yrs 11 mos

    Utilize expertise in financial analysis and risk management to support entrepreneurial and investment ventures.

  • Federal Reserve Bank of Minneapolis (10 yrs)
    • Managing Director
      Dec 2018 - Jul 2021 · 2 yrs 8 mos

      Served in a leadership role within LFBO supervision in direct support of the LFBO Risk Coordination Group (RCG). Responsible for LFBO risk identification, monitoring, and mitigation.

    • Project Director, LFBO Risk Coordination
      Mar 2016 - Dec 2018 · 2 yrs 10 mos

      Served as a Project Director within the LFBO Risk Coordination Group (RCG), a senior leadership group responsible for risk identification, monitoring, and supervisory planning for large domestic and foreign banking organizations.

    • Deputy Central Point of Contact, U.S. Bancorp
      Aug 2011 - Mar 2016 · 4 yrs 8 mos

      Responsible for overseeing the supervision of legal and compliance risk, including BSA-AML risks, operations of foreign merchant processing subsidiaries corporate internal audit, and corporate incentive compensation programs, through direct reports. Directly accountable for overseeing compliance with any outstanding Federal Reserve enforcement actions, and the overall adequacy of bank holding company risk management. Supervision carried out through ongoing monitoring, targeted reviews, and routine meetings with executive and senior level bank management. Routine coordination with members of other regulatory agencies, primarily the Office of the Controller of the Currency (OCC) and the Consumer Financial Protection Agency (CFPB). Responsible for the development of annual supervisory plans to ensure adequate oversight of the aforementioned areas. Accountable to senior Reserve Bank management and Board of Governors staff.

  • Federal Reserve Bank of Minneapolis (7 yrs 1 mo)
    • LCBO Senior Examiner / Examiner
      2006 - 2011 · 5 yrs

      Responsible for the supervision of legal and compliance risks for an LCBO, including compliance with Bank Secrecy and Anti-Money Laundering rules and regulations. Responsible for assessing the overall adequacy of the legal and compliance risk management structure, staffing practices, and management and board reporting. Directly responsible for the oversight of compliance with Interagency Incentive Compensation guidance issued in June 2010, which included participation in a horizontal review of incentive compensation practices for the country's top 25 largest financial institutions. Responsible for the oversight of international merchant processing operations. In coordination with the OCC and quantitative System examination staff, evaluated compliance with Basel II requirements as it relates to Retail Banking.

    • Saftey & Soundness Examiner
      2004 - 2006 · 2 yrs

      Served as a safety and soundness examiner for both the Federal Reserve Bank of Minneapolis (2004 - 2006) and the Federal Reserve Bank of Chicago (2001 - 2002). Primary responsiblities included the assessment of capital, asset quality, management, earnings, liquidity, and sensitivity levels and assocatiated risk management practices. Conducted financial analysis and loan reviews and assigned supervisory ratings to financial institutions within the Minneapolis and Chicago Reserve Districts.

  • Risk Coordinator for LCBO Team at Federal Reserve Bank of Chicago
    2003 - 2004 · 1 yr

    Responsible for a wide variety of supervisory related activities and oversight for a large and complex banking organization (Bank One) previously headquartered in the Chicago Reserve District, which was merged into JP Morgan Chase in roughly late 2004.

  • Consumer Protection and CRA Examiner at Federal Reserve Bank of Minneapolis
    1995 - 2001 · 6 yrs

    Responsible for the assessment of compliance with Federal consumer related laws and regulations, including those focused on consumer protection. Assessed compliance with the Community Reinvestment Act (CRA) through data analysis and review and meetings with members of local communities. Assigned Consumer and CRA ratings to financial insitutions within the 9th Reserve District. Responsible for remaining abreast of bank progress against outstanding issues and matters requiring bank management attention.