Sr. Risk Specialist – Governance & Controls – Large Institutions

Company

Federal Reserve Bank of San Francisco

We are the San Francisco Fed, public servants with a congressionally mandated mission to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. We are a community-engaged bank, and we are committed to understanding and serving the vibrant, diverse people of the Twelfth District (District). That means we seek and appreciate new perspectives. We respect people for what they do and for who they are. We build opportunities to learn and grow. When you join the SF Fed, you become part of a team united in its purpose to promote an economy that works for everyone. 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.

Are you passionate about protecting the U.S. financial system? Do you have a strong understanding of governance and control practices and principles?  Would you like to help lead influence and implement the future of bank supervision? If so, then this opportunity is for you.

We need you, an experienced Senior Risk Specialist to join the Governance and Controls (G&C) Team within the Risk, Policy, and Analysis Group of the San Francisco Fed’s Supervision and Credit (S+C) Department. In this role, you will be responsible for assessing nonfinancial risks and related governance and risk management processes at large financial institutions and service providers, as well as at regional and community institutions as necessary. The ideal candidate possesses experience in leading supervisory assessments over a range of nonfinancial risk areas including board effectiveness, independent risk management, information technology, third party risk management, compliance, management of core business lines, and internal audit.

You will serve as a subject matter expert and be responsible for assessing financial institutions’ risk management programs to ensure they are operating in a safe and sound manner and complying with applicable laws, regulations, and policy statements. You will have superb communication skills with the ability to explain complex nonfinancial risk issues and concepts to diverse audiences. Your collaboration skills and ability to develop strong relationships with senior management, Federal Reserve System (System) staff and other regulators and partners will be a critical part of this role.

Essential Responsibilities:

• Lead or participate in the supervisory assessments of board effectiveness, independent risk management, information technology, third party risk management, compliance, management of core business lines, and internal audit.
• Partner with S+C colleagues to develop institution-specific risk assessments and supervisory strategies, including involvement in scoping and vetting processes, by providing subject matter expertise to influence and guide supervisory decision making.
• Demonstrate agility and leadership through ability to cover other risk topics not specifically captured in areas of coverage, based on team need.
• Actively engage within District and System working groups to influence the development  supervision practices and programs. Liaise with the Board of Governors and System risk experts regularly on emerging risks, risk management practices and changes in supervision policies, procedures, tools or guidance.
• Interpret regulatory guidance and communicate clear supervisory messages and required actions for matters that require attention, as applicable, to the financial institution’s senior management. 
• Build and maintain effective working relationships within the team, with peers, within the San Francisco Fed, the Federal Reserve System, with other regulatory agencies to develop a comprehensive understanding of the financial institution’s businesses and risks.
• Ensure high quality and timely completion of required supervisory work products and perform quality control to ensure compliance with local policies/procedures and System requirements.
• Evaluate, interpret, and communicate governmental, industry, and other macro developments associated with your risk discipline(s).

Requirements:

• Bachelor’s degree in business administration, finance, economics, technology or other related field is required; advanced degree and/or professional certifications (FRM, CIA, CISA) is preferred.
• Eight or more years of direct or comparable banking, financial industry, or banking supervision experience in relevant activities.
• Working knowledge of relevant supervisory standards of board effectiveness, risk management and internal audit at large financial institutions, (e.g., SR 21-3, SR 95-51 & SR 13-1).
• Ability to listen and communicate