The Federal Reserve Bank of San Francisco’s (FRBSF) Department of Supervision and Credit (S+C) is seeking a highly motivated individual to join its Risk Specialist Team (RST) within the Risk, Policy and Analysis Group to serve as a member of the Governance and Controls (G&C) Team. S+C supervises financial institutions in the Twelfth District. This role will provide subject matter expertise in non-financial risk areas to Supervision + Credit’s (S+C)’s Large Institution Supervision Group (LISG), which is responsible for monitoring and assessing the safety and soundness of large domestic banking institutions, U.S. operations of foreign banking organizations, and significant bank service providers in the District. The District’s firms include Charles Schwab Corporation, Mitsubishi UFJ Financial Group, SVB Financial Group - Silicon Valley Bank, and Visa.
The role will also participate in supervisory activities in other Districts across the Federal Reserve System (System), including a wide range of horizontal (cross firm) reviews. They will closely interact with numerous individuals throughout the supervisory community and executive management of supervised firms.
The Federal Reserve Bank of San Francisco’s (FRBSF) Department of Supervision and Credit (S+C) is seeking a highly motivated individual to join its Risk Specialist Team (RST) within the Risk, Policy and Analysis Group to serve as a member of the Governance and Controls (G&C) Team. S+C supervises financial institutions in the Twelfth District. This role will provide subject matter expertise in non-financial risk areas to Supervision + Credit’s (S+C)’s Large Institution Supervision Group (LISG), which is responsible for monitoring and assessing the safety and soundness of large domestic banking institutions, U.S. operations of foreign banking organizations, and significant bank service providers in the District. The District’s firms include Charles Schwab Corporation, Mitsubishi UFJ Financial Group, SVB Financial Group - Silicon Valley Bank, and Visa.
The role will also participate in supervisory activities in other Districts across the Federal Reserve System (System), including a wide range of horizontal (cross firm) reviews. They will closely interact with numerous individuals throughout the supervisory community and executive management of supervised firms.
The Risk Specialist will work closely with the LISG team members and others to evaluate the effectiveness of firms’ risk and governance frameworks across the three lines of defense. They will lead assessments and examinations over a spectrum of non-financial risk areas such as corporate governance, operational resiliency, and management of core business lines. Responsibilities include determining the effectiveness of a firm’s internal audit, corporate compliance, and risk management and internal control functions, as well as the risk management framework that supports the identification, measurement, assessment, and control of the full spectrum of risks.
Highlights of Responsibilities:
- Develop and maintain expertise in non-financial risk, as well as supervisory expectations and industry practices in those areas.
- Lead or participate in horizontal and firm-specific examinations, providing written conclusions and findings for inclusion in supervisory reports.
- Prepare informative, well-supported supervisory products and work papers, conveying complex and problematic supervisory findings, including required actions to senior management and board of directors.
- Lead or participate in Federal Reserve System non-financial risk initiatives related to training, committees, and contribute to developing policies to enhance the supervision of financial firms.
- Consolidate and analyze information from multiple sources to identify industry trends and new issues. Identify the effects of these trends, both at the micro and systematic levels and propose approaches to identified issues.
- Develop an understanding of supervisory rating systems applied to large banks (LFI ratings).
- Assist in developing firm risk assessments and supervisory strategies and the vetting of examination scopes and findings. Provide briefings to senior Federal Reserve staff and others in the supervisory community.
- Identify emerging institutional, regional, economic, and industry issues and their potential impact. Maintain an awareness of potential changes to key rules, laws and regulations, and supervisory policies.
- Maintain strong relationships and liaisons with Federal Reserve colleagues, institution management, and other regulatory agencies.
- Provide coaching, training, and mentoring of less experienced colleagues.
Qualifications:
- A Bachelor's degree is required, a concentration in business management, finance, technology or accounting preferred (or equivalent work experience).
- Advanced degrees or professional certifications (e.g., CIA, CISA) or an examiner commission are desired. Willingness to pursue relevant certifications, as needed.
- Typically requires five or more years of direct or comparable banking, financial industry or banking supervision experience with bank examinations, internal audit, or in conducting control assessments at a banking organization or consulting firm.
- Strong analytical, problem-solving, and project management skills, as well as strong communication skills, learning agility and the ability to work on a variety of assignments independently with minimal supervision.
- This position requires access to confidential supervisory information, which is limited to “Protected Individuals.” Protected Individuals include, but are not limited to, U.S. citizens and U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization, and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so or who will sign a declaration of intent to apply for naturalization before they begin employment. Ability to travel up to 30 percent; however, the System will be conducting all supervisory activities offsite until personal COVID-19 safety is reasonably assured. We are anticipating lower overall travel for supervisory activities following the pandemic.
- We are looking for a candidate who exhibits the following critical behavioral competencies: Critical Thinking, Collaboration, Influence, Leadership, Achievement, and Innovation.
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.
Benefits:
We offer a wonderful benefits package including: Medical, Dental, Vision, Pre-tax Flexible Spending Account, Backup Child Care Program, Pre-Tax Day Care Flexible Spending Account, Paid Family Care Leave, Vacation Days, Sick Days, Paid Holidays, Pet Insurance, Matching 401(k), and a 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.
