Sr. Manager - Community and Regional Institutions

Company

Federal Reserve Bank of San Francisco

We are the San Francisco Fed, public servants with a congressionally mandated mission to promote a sound and stable economy to support the lives of all Americans. We are a community-engaged bank, and we are committed to understanding and serving the vibrant, diverse people of the Twelfth 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.

The Supervision + Credit (S+C) group is responsible for the supervision and regulation of state member banks (SMBs), bank holding companies, savings and loan holding companies, financial holding companies, data service providers, trust companies, and foreign banking organizations that operate in the Twelfth District. Supervised institutions are in all states of the District and range in size and complexity from small community organizations to some of the largest banking organizations in the country.

The Senior Manager – Community & Regional Institutions role is part of the S+C Community & Regional Institution Supervision (CRIS) leadership team, which is responsible for developing and executing the supervisory strategies for community banking organizations (i.e., those with consolidated assets below $10 billion) and the System’s largest portfolio of regional banking organizations (i.e., those with consolidated assets between $10 billion and $100 billion).

The Federal Reserve Bank of San Francisco has a Senior Manager opening, which will be for multiple direct reports responsible for monitoring and assessing the key risks of a portfolio of community banks.

Essential Responsibilities: 

• Manages and directs the activities of associate examiners or commissioned staff engaging in ongoing detection, monitoring, and analysis of supervised entities and/or a risk area(s), including reviewing the work processes of team members, or lead examiners overseeing teams under purview, and developing and directing short- and long-term strategy.
• Aligns supervisory strategy and work processes of examination teams to broader Reserve Bank and/or System-level directives, which includes directing the allocation of examination resources based on relative level and severity of risk.
• Determines the adequacy of an institution’s risk management systems for identifying, measuring, monitoring and controlling risk in various specialty areas.
• Conducts briefings on issues, trends, and supervisory conclusions for supervised institutions regularly for internal and external stakeholders, including senior Reserve Bank leaders and Board of Governors staff.
• Serves as subject matter expert in risk area(s) or product(s) under purview, including engaging in the identification and monitoring of trends at the System-level and staying abreast of new and emerging laws and regulations external to the Reserve Bank System.
• Builds and leads relationships with external stakeholders, including System staff, staff at other Reserve Banks, staff at partner agencies, and senior management of supervised financial institutions.
• Represents S+C at the System-level, leading and/or participating in System work groups oriented around risk management and horizontal risk identification and publishing risk research and insights in reports for System-level use.
• Provides final sign-off on and/or post-dissemination review of examination reports, briefings, memoranda, and/or other examination deliverables produced by staff, as necessary.

Requirements: 

• A bachelor’s degree is required; a major in business, economics, finance, accounting, or a related field is preferred.
• Typically, 10+ years of relevant experience in banking, financial industry, banking supervision, or an equivalent combination of education and experience; active commission issued by the Board of Governors of the Federal Reserve System or other federal agency is required .
• Typically, 7+ years of experience in managing and, or leading examination teams.
• Proven ability to think strategically, evaluate situations with appropriate considerations of multiple priorities and influencing actors, and effectively communicate complex/sensitive issues, analysis, and supervisory concerns. Use of sound judgment in prioritizing, evaluating tradeoffs, and resolving supervisory issues.
• A general understanding of community and regional banking supervisory processes, exposure to various examination discipli