Lead Risk Specialist - Technology Service Provider Supervision

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. 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.

As the Lead Risk Specialist, 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 LIS strategy.

The level of work is considered advanced and you should be able to work under minimal supervision. This position reports to the Service Provider Team AVP and is subject to a 5-year rotation.

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 horizontal perspective and expand SSP portfolio knowledge.

• Add to SF Fed’s Service Provider Team Priorities

• Time permitting, give to the SF Fed’s Service Provider Team priorities, including prioritizing and participating in discovery reviews, adding to the annual RSP portfolio revalidation and other activities related to compliance with the Board’s RSP Reserve Bank expectations.

• Add to SF Fed’s LIS Priorities

• Time permitting, participate in IT examinations at large banking organizations in the 12th District or System-wide.

• Collaborate with the LIS Committed Supervisory Teams (DSTs), Risk Specialist Team (RST), and Portfolio Risk Management (PRM) Team IT examiners, sharing takeaways from SSP supervisory activities and using their experience at other supervised institutions.

Requirements:

• Bachel