Sr. Risk Specialist – Governance & Controls – Large Institutions
Federal Reserve Bank
- San Francisco, CA
- Permanent
- Full-time
- 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).
- 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 clearly, logically, and persuasively at multiple levels in the organization and effectively articulate themes and conclusions both verbally and in writing.
- Strong problem solving and analytical skills that support and enable sound decision-making, and the ability to synthesize large amounts of complex, disparate information to formulate well-supported conclusions.
- Ability to thrive as a member of a team and to build collaborative working relationships a variety of key internal and external partners.
- Experience evaluating a variety of non-financial risks facing complex financial institutions, and the ability to identify prudent practices for managing those risks.
- Capacity to pursue multiple initiatives at the same time and deliver successful outcomes.
- Ability to travel at least 15 percent (additional travel up to 25 percent if located in Los Angeles, Salt Lake City, Phoenix, Portland, or Seattle).
- A consistent track record of performance in technical and behavioral competencies. Primary behavioral competencies to be evaluated include: Leadership, Emotional Intelligence, Critical Thinking, Accountability, Collaboration, Development, Influence, and Innovation.
- This position requires access to confidential supervisory information, which is limited to “Protected Individuals.” Protected Individuals include, but are not limited to, U.S. citizens and U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization, and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so or who will sign a declaration of intent to apply for naturalization before they begin employment
- An examiner commission from a federal or a state banking supervisory agency or the relevant experience and training required for entry into the Interim Examiner Commissioning Program for Large Financial Institution Supervision.
- Professional designations relevant to your area(s) of subject matter expertise.
- Experience performing examination work at large and regional banking organizations.