While the SF Fed is a Reserve Bank, we’re not what you might expect. We’re unreserved here. That means we seek new and diverse perspectives. We spark conversations and encourage debate. We build opportunity. We pursue careers that are true to ourselves. We are looking for people who want to help our country reach its full economic potential. When you join the SF Fed, you join a team of people working together to promote an inclusive economy that works for everyone.
At the SF Fed, we believe 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. The SF Fed is an Equal Opportunity Employer.
The Federal Reserve Bank of San Francisco’s (FRBSF) Supervision and Credit Group is seeking a highly motivated individual to join its Risk Specialist Team (RST) to serve as a member of the Federal Reserve System’s Large Institution Supervision Coordination Council (LISCC) program.
The LISCC program is the Federal Reserve’s national supervisory program for the nation’s largest most systemic financial institutions. The program is overseen by the LISCC Operating Committee and is executed by hundreds of staff supplied by multiple Reserve Banks and the Board.
This national program is comprised of five core areas: Capital, Liquidity, Governance and Controls (G&C), Recovery and Resolution Planning (RRP), and the Monitoring and Analysis Program (MAP). The matrix structure of the LISCC program provides that each of the program participants has dual reporting lines: functional reporting to a LISCC program manager and administrative reporting to a local (FRBSF) manager. This position is part of the Wholesale Credit Horizontal Evaluation Team (HET) in the LISCC
Principal Duties and Responsibilities:
Participate in examinations and ongoing reviews focused on wholesale credit risk topics.
Participate in the Comprehensive Capital Analysis and Review (CCAR) by contributing to assessment of capital adequacy relative to inherent risk based on expected as well as stressed macroeconomic and market conditions.
Participate in Shared National Credit (SNC) examinations.
Collaborate with DSTs and MAP to monitor LISCC firms’ existing risk profile, risk management practices, and emerging risks.
Proactively coordinate with colleagues across the LISCC program to incorporate their views into supervisory results and products, including peer perspective.
Contribute to Federal Reserve System and S+C workgroups, enthusiastically initiate change by seeking opportunities to participate in priority projects.
Ensure that major divergent views are surfaced, documented, discussed, and raised, as needed.
Typically requires five years of relevant work experience in wholesale credit risk management and capital planning and positions at a regulatory agency, large financial institution, or in a related consulting role.
An applicant for employment must be a U.S. Citizen, U.S. National, or hold a permanent resident/green card with intent to become a U.S. Citizen
Bachelor’s degree in Finance, Economics, Business, or related field. Master’s degree preferred.
Intermediate understanding of financial and credit risk.
Knowledge of the commercial loan markets, including loan underwriting, the risks associated with various loan structures, and the ability to critically analyze emerging risks.
Ability to complete complex assignments with leadership support, successfully balance multiple assignments, prioritize, and collaborate effectively to meet goals.
Critical thinking demonstrated by sound reasoning supported by facts and informed by broad themes or issues.
Strong written and verbal communication ability, articulating a range of complex issues clearly and persuasively with sophisticated nuance as appropriate to the audience.
Ability to assimilate, synthesize, and interpret complex data, concepts, and processes.
Strong analytical skills, interpreting and understanding complex banking and finance issues, concepts, trends, and regulatory issues while considering broader implications.
Ability to work optimally in a team environment and build collaborative relationships across teams and geographies.
Willingness and ability to travel in alignment with post-pandemic guidance.
Extended work hours will be required at times.
***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.
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.
While the SF Fed is a Reserve Bank, we’re not what you might expect. We’re unreserved here. That means we seek new and diverse perspectives. We spark conversations and encourage debate. We build opportunity. We pursue careers that are true to ourselves, from economists and cash processors to bank supervisors and cloud engineers. When you join the SF Fed, you join a team of people working together to promote an inclusive economy that works for everyone. If that’s the kind of impact you’d like to make with your everyday work, find your next career opportunity here.