Are you a results-driven examiner or risk specialist with a passion for details and interested in improving the quality of supervisory work products and processes? We have an outstanding opportunity for a Senior Compliance Quality Assurance Specialist in our Quality Assurance department in the Supervision + Credit (S+C) Division of the Federal Reserve Bank of San Francisco.
As a mandated and delegated function of the Board of Governors Oversight program, QA plays a vital role by performing independent reviews across all S+C business lines to assess the quality of Reserve Bank supervisory judgement and outcomes. We're looking for someone with broad cross-functional supervisory knowledge, strong analytical/critical thinking skills along with excellent communication and relationship management ability.
Key Responsibilities:
- Apply specialized supervisory knowledge to adjudge the quality of supervisory products and processes of consumer compliance and safety and soundness for bank holding companies and state member banks.
- Lead QA reviews that require the participation of senior exam staff in assessing the adequacy and quality of examination work products and processes on topics related to an institution’s governance and control, financial condition and operating performance, asset quality, specialty areas, and other regulatory environments.
- Design review scopes and often custom work-programs; coordinate work-program execution by rotating senior examiners participating on QA reviews; and aggregate/calibrate results by exercising sound judgement on the quality of supervisory conclusions.
- Produce executive summaries and communicate results (verbal and written), including sharing difficult feedback and defending conclusions related to the quality and judgment presented in supervisory work products, to S+C senior management.
- Track and monitor the status of open findings from QA and external reviews by performing timely follow-up activities to ensure business line corrective actions have addressed the underlying root causes.
- Develop an appropriate understanding of business line operations, strategies, risks and risk management practices by engaging on ongoing monitoring and stakeholder outreach activities as inputs to the QA risk assessment and planning process.
- Facilitate open and timely communication with senior management, business line contacts, and other key stakeholders (i.e. Board of Governors, Quality Assurance Community of Practice (QACoP), System subject matter experts, etc.) to ensure that the broadest possible perspective on supervisory review issues and team work products are considered, conflicts are diffused, and knowledge is optimally transferred.
- Actively participate in local QA and System QA Community of Practice projects to address pain points or improvement opportunities for the QA program.
- Participate in annual QA Risk Assessment and Review Planning process.
- Act as the behind-the-scenes reviewer by providing timely feedback on work products, thereby training more junior and/or new staff to be future reviewers-in-charge.
Position Requirements:
- Be a U.S. Citizen, U.S. National, or hold a permanent resident/green card with intent to become a U.S. Citizen.
- Examiner commission from a federal or state banking supervisory agency, or relevant years of experience as a risk specialist and/or field examiner, is required
- A minimum of 8+ years of relevant experience in banking, financial industry, or banking supervision; or an equivalent combination of education and experience. Intermediate to advanced skills in at least two disciplines: credit, market, operational, liquidity or fiduciary risks, financial analysis, corporate compliance/governance and controls, or consumer compliance matters; Possesses and applies both specific and broad knowledge of principals, practices and procedures in regard to those specialties (above) when completing assignments
- 5+ years of QA experience in the government, regulatory, or financial sector, and a solid understanding of compliance, internal audit, or risk management principles, is required
- Advanced oral and written communication skills, including ability to effectively communicate complex/sensitive issues and write reports that are concise, cohesive and persuasive.
- Several years of experience working closely with a variety of different levels of constituents, particularly with senior leadership
- Strong analytical thinking ability; ability to assimilate new information quickly, handle new problem situations, and manage a variety of responsibilities simultaneously
- Intermediate to advanced Microsoft Office suite, including Microsoft Word, Excel and Power Point
- Bachelor’s degree in business administration, accounting, finance, or other related field highly desired.
- Effective October 1, 2021, all employees must be fully vaccinated against COVID-19 or qualify for an accommodation from the Bank’s vaccination policy; the Bank will provide accommodations as required by law for individuals unable to be vaccinated due to medical condition or sincerely held religious belief.
The Federal Reserve Bank of San Francisco believes in the diversity of our people, ideas, and experiences and are committed to building an inclusive culture that is representative of the communities we serve.
We offer a wonderful benefits package including: Medical, Dental, Vision, Pretax Flexible Spending Account, Paid Family Leave Care, Backup Child Care Program, Pretax Day Care Flexible Spending Account, Vacation Days, Sick Days, Paid Holiday’s, Pet Insurance, Matching 401(k), and an unheard of Retirement / Pension.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.
The Federal Reserve Bank of San Francisco is an Equal Opportunity Employer.
