Wells Fargo Dedicated Supervisory Team - Governance and Controls Sr. Risk Specialist
Federal Reserve Bank of San Francisco
Location: San Francisco, California
Type: Full Time
Required Education: 4 Year Degree
4 Year Degree
Internal Number: R-0000012126
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.
Are you interested in playing a lead role in supervising one of the largest and most systemic financial institutions in the U.S.? Are you interested in an exciting opportunity to use your governance and controls expertise while working in a collaborative environment?
The Wells Fargo & Co. (WFC) Dedicated Supervisory Team (DST), which operates as part of the Federal Reserve’s Large Institution Supervision Coordinating Committee (LISCC) supervisory program covering the largest and most systemic financial institutions, has an opening for a Governance and Controls (G&C) Senior Risk Specialist. As a member of the G&C Team on the WFC DST, you will play a leadership role in developing and implementing a supervisory strategy to assess WFC’s management of core business lines and independent risk management oversight. You will work closely with colleagues to monitor and assess how line of business management executes front-line activities consistent with board approved strategies and risk tolerances; assess front-line identification and management of material risks; assess front-line resources and infrastructure and whether these support an appropriate system of internal controls; and assess how the firm ensures accountability for operating within established policies and guidelines and in accordance with laws and regulations.
We empower our people to balance their life and work responsibilities. That’s why we offer a flexible hybrid work model that allows you to collaborate with office colleagues on some days, and work from home on others.
Play a leading role in devising and executing a supervisory strategy of core business lines across the three lines of defense.
Play lead role in examinations and ongoing monitoring to determine the effectiveness of WFC’s management of core business lines, including key remediation activities to address identified deficiencies.
Prepare well-supported supervisory products. Communicate key supervisory finding and required actions to senior management, both within the Federal Reserve as well as WFC.
Develop and implement a baseline monitoring program that monitors progress against established remediation goals and identifies emerging risks; leverage outputs to prioritize future supervisory work.
Collaborate with local and national team members in assessing the overall effectiveness of independent risk management oversight.
Lead development of semi-annual supervisory assessments that inform the annual G&C rating under the LFI rating system.
Monitor and assess remediation of supervisory issues and escalate issues of concern, as needed.
Build relationships and communicate frequently with key stakeholders across the Federal Reserve System as well as partner regulatory agencies. Brief Federal Reserve leadership on areas of heighted risk, as needed.
Bachelor’s degree in Business, Finance, Economics, Public Policy or a similarly relevant degree.
Typically 7+ years of relevant experience in banking, financial industry, or banking supervision; or an equivalent combination of education and experience.
Ability to build rapport and collaborate effectively with numerous stakeholders, both on the DST, the broader LISCC program, as well as other supervisory agencies.
Self-motivated with ability to work effectively across functional and organizational lines to influence supervisory priorities and assessments.
Strong written and verbal communication skills.
Strong problem-solving skills with the ability to identify thematic issues and concerns
Examiner commission and credentials or commensurate industry experience with auditing or risk management and controls is desirable.
Position may require up to 10-15% travel, though will vary depending on circumstances.
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.
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.