Sr. Risk Specialist - Technology Service Provider Supervision

Company

Federal Reserve Bank of San Francisco

We are the Federal Reserve Bank of San Francisco—public servants with a 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 are committed to understanding and serving the vibrant, expansive communities 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 diverse team united in its purpose to promote an economy that works for everyone.

The Supervision + Credit 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.

Right now, we have a phenomenal opportunity to add a Sr. IT Risk Specialist - Technology Service Provider Supervision to our “Significant Service Provider” team for the Visa organization.  Visa is one of the largest, most complex providers in our portfolio. 

Our ideal candidate is part IT auditor, part bank examiner with a depth in IT and Cybersecurity risk policy and governance.  In this high profile, critical role you will help craft the strategy and set the priorities for the Visa work.  You will present to leaders at all levels in our organization (local SF Fed as well as our Board of Governors).  If you would like to work on one of our largest, most complex entities and gain visibility in the Federal Reserve System, this could be the job for you!

You will be primarily responsible for leading and participating in the supervision of SSPs, preparing, reviewing, and implementing risk-focused supervisory activities applying the Federal Financial Institutions Examination Council’s IT Examination Handbook (https://ithandbook.ffiec.gov/).   

Supervisory activities involve onsite and offsite examinations and ongoing monitoring, conducted through meetings with companies’ management and review of management reports and third-party assessments. Through effective oversight of SSPs, you will help ensure that operational and cyber resilience concerns that could impact a broad range of financial institutions are identified and remediated in a timely manner.  You will interact closely with counterparts in other Federal Reserve districts and at other FBAs that share responsibilities for SSP supervision. You will also add to the SF Fed’s broader Service Provider Team priorities and the Large Institutions Supervision strategy.

This position reports to the Service Provider Team AVP and is subject to a 5-year rotation.

Essential Responsibilities:

Serve as the Federal Reserve’s Deputy Central Point of Contact (CPC) for Visa:

• Collaborate with the OCC, FDIC, and California Department of Financial Protection and Innovation CPCs to develop and implement Visa’s supervisory strategy.
• Support annual assignment of the interagency Uniform Rating System for Information Technology (URSIT) ratings by leading and participating in risk-focused assessments of Visa’s products, services, and control functions through organizational activities and target examinations.
• Review quarterly management reporting packages to stay updated on the firm’s strategic developments and identify any emerging supervisory concerns potentially warranting changes to the supervisory strategy.
• Coordinate remediation of supervisory concerns and the firm’s self-identified areas of weaknesses.
• Provide relevant feedback to FRB examiners participating in Visa’s supervisory activities, in collaboration with examiners’ managers.
• Work closely with the interagency examination team seeking common ground to help reconcile any differences in opinion.
• Demonstrate leadership, partnership, and influencing skills, building, and maintaining effective working relationships within the interagency CPC team, SF Fed and the Federal Reserve System team members, and with the supervised firm.
• Participate in vetting’s of supervisory assessments with SF Fed partners and the SSP MG.
• Support compliance with SF Fed’s Visa Operational Procedures Manual, the FBAs’ Administrative Guidelines, and amendments thereto.
• Support and serve as back-up to Lead CPC in carrying out various supervisory responsibilities.

Add to Federal Reserve System’s SSP Supervisory Priorities:

• Participate in supervisory activities at out-of-District SSPs to develop