Charles Showers
About Charles Showers
Charles Showers serves as an Institutional Supervision Senior Associate at the Federal Reserve Bank of New York, where he has worked since 2017. He has extensive experience in the financial sector, having held various positions at Bank of America Home Loans and the Federal Reserve Bank of Philadelphia.
Work at Federal Reserve Bank of New York
Charles Showers has served as an Institutional Supervision Senior Associate at the Federal Reserve Bank of New York since 2017. In this role, he leads the supervision of a $65 billion retail credit portfolio, focusing on diverse consumer retail products. His responsibilities include analyzing the effectiveness of risk management practices, policies, and procedures for a large and complex institution. Showers utilizes his extensive experience in operations management to oversee significant financial operations.
Previous Experience at Bank of America Home Loans
Before his current position, Charles Showers held several roles at Bank of America Home Loans. He worked as an Asset Manager/Short Sales Specialist from 2010 to 2012, and as a Senior Commercial Credit Underwriter II from 2006 to 2008. Additionally, he served as a Consumer Finance Credit Analyst II from 2003 to 2005 and as a Commercial Credit Risk Analyst from 2008 to 2010. His diverse roles contributed to his expertise in credit analysis and risk management.
Experience at Federal Reserve Bank of Philadelphia
Charles Showers worked at the Federal Reserve Bank of Philadelphia from 2012 to 2017 as a Supervision Analyst/Examinations. In this position, he gained valuable experience in regulatory oversight and examination processes, which further developed his skills in institutional supervision and risk assessment.
Education and Certifications
Charles Showers earned his MBA from Winthrop University and a BA from Davidson College, where he studied from 1983 to 1987. He is certified in Mortgage Fraud Detection, demonstrating his proficiency in identifying suspicious mortgage and credit activity. Additionally, he has formal training in Six Sigma and holds a Greenbelt certification, indicating his knowledge in process improvement methodologies.
Skills and Proficiencies
Charles Showers possesses strong negotiating skills and is adept at communicating with various stakeholders, including customers, brokers, attorneys, and mortgage insurers. He is proficient in using financial software and account management systems such as TSYS, OMNI, SPSS, Equator, AS400, BLADES, BLAST, Excel, Access, and Word. His expertise in these tools supports his analytical and operational responsibilities.