Career Center

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 Community Institutions Group (CIG) within the Regional, Community, & Foreign Examination Group (RCFEG) is seeking a Senior Risk Specialist with a strong background in monitoring compliance with the Bank Secrecy Act (BSA) and other Anti Money Laundering (AML) regulations. BSA Senior Risk Specialists help ensure the safety and soundness of the banking system and financial markets by performing examinations of banks and U.S. offices of foreign banks, as well as inspections of bank, financial, holding companies and their non-bank subsidiaries. They also prepare risk assessments and provide ongoing supervision as it pertains to AML issues.

Are you a purposeful individual who seeks to make an impact? If so, please consider this role! It provides the opportunity to supervise a variety of activities at institutions across several portfolios. You will also have the unique opportunity to be among the first generation to experience a new, more flexible way of conducting exams, as we adopt lessons learned during the pandemic.

Responsibilities:

• Leading the planning, execution, and report writing for complex/high risk targeted BSA examinations, as well as participating in full-scope examinations of state member banks, foreign banking organizations, bank holding companies, and bank and non-bank subsidiaries.
• Evaluating policies, procedures, and controls used by institutions to ensure compliance with the BSA and the USA PATRIOT Act and Office of Foreign Asset Control (OFAC).
• Performing transaction testing to evaluate compliance with record keeping and reporting requirements as well as effectiveness of risk management processes and practices.
• Assessing the technical expertise of AML staff and management, as well as the independence and effectiveness of audits.
• Maintaining a high level of subject matter expertise and keeping abreast of emerging issues of particular relevance to the District, including trade-based money laundering, virtual currencies, Fin-Tech payment channels, and marijuana-related businesses.
• Collaborating with risk management colleagues on their cross-portfolio assessments of BSA/AML risk and making risk-tailored supervisory recommendations.
• Providing mentoring and on-the-job training to examiners.
• Participating actively in unit, System, and other knowledge-sharing platform groups and discussions.

Qualifications:

• 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.
• A bachelor’s degree is required; a major in business, economics, finance, accounting, or a related field is preferred.
• Typically requires a minimum of eight or more years of direct or comparable banking, financial industry, or banking supervision experience with a focus in BSA/AML/OFAC subject areas.
• Demonstrate a strong ability to influence effectively, resolve conflicts, and achieve collaborative outcomes to achieve supervisory goals, and build effective working partnerships.
• Capacity to identify and pursue multiple initiatives simultaneously and deliver outstanding results with minimal or no supervision.
• Strong written and communication skills in addition to an understanding of business risks, risk management, and banking principles.
• Strong problem solving and analytical skills that support and enable sound decision-making.
• Some travel required and will vary depending on the location of the successful candidate.
• Intermediate to advanced familiarity with Microsoft Word, Excel, and PowerPoint.

Preferred:

• Professional certification, such as the Certified Anti-Money Laundering Specialist (CAMS).
• Experience performing BSA/AML and OFAC examination work at higher risk and/or complex banking organizations, as well as institutions with FinTech and virtual currency operations.

Effective October 1, 2021, all employees must be up to date with your COVID vaccinations or qualify for an accommodation from the Bank’s vaccination policy.

• “Up to date" means you must be fully vaccinated against COVID-19 and receive a booster within 30 days of becoming eligible for one.
• 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.

#LI-Hybrid