Job Details

ID #45928967
State California
City Sanfrancisco
Job type Permanent
Salary USD TBD TBD
Source Federal Reserve Bank, San Francisco
Showed 2022-09-23
Date 2022-09-22
Deadline 2022-11-20
Category Et cetera
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AVP, LISCC & LFBO Risk Specialist Lead

California, Sanfrancisco, 94102 Sanfrancisco USA

Vacancy expired!

Company Federal Reserve Bank of San Francisco

While the SF Fed is a Reserve Bank, we're not what you might expect. We're unreserved here. That means we seek new and diverse perspectives. We spark conversations and encourage debate. We build opportunity. We pursue careers that are true to ourselves. We are looking for people who want to help our country reach its full economic potential. When you join the SF Fed, you join a team of people working together to promote an inclusive economy that works for everyone.

Group OverviewSupervision + Credit 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.

Department OverviewRisk Specialist Teams provide support and specialized input to various supervisory programs in the District and for the System. We provide specialized examination support for our District Community and Regional Bank portfolios, as well as for national programs, particularly to the Large Institutions Supervision Coordinating Committee (LISCC), Large and Foreign Banking Organization (LFBO), and Significant Service Provider (SSP) programs. We also contribute to local and national surveillance efforts, provide modeling expertise to the Stress-Testing Program, advance Climate Risk supervisory objectives, and work on a variety of System projects and policy initiatives.

Position SummaryYou will lead and drive the supervisory strategy and resultant day-to-day execution of supervision of the Financial Risk specialty areas for our LFBO and LISCC firms or portfolios. The lead coordinates with the respective system LISCC and/or LFBO portfolio leadership to ensure coverage of program priorities and that risks are balanced with the respective firm's supervisory priorities. Areas of direct coverage are in Capital and Liquidity, and include Wholesale and Retail Credit, Counterparty Credit, Trading and Market Risk, as well as Interest Rate and Liquidity Risk. Coverage may vary over time to be aligned with the LFBO and/or LISCC program architecture and supervisory priorities.

Responsibilities:
  • Develop and lead the portfolio strategy including day to day execution of supervision priorities, as specified, and in line with industry trends.
  • Lead the team ensuring areas of focus are aligned with the SF Fed's mission and provide thought leadership and influence on policy as it relates to the team's risk specialty.
  • Participate in and engage the team to contribute to System committees or in area of responsibility that are aligned with the team's objectives.
  • Provide a high level of service to, and collaboration with all key stakeholders, including other S+C departments, Board staff, System staff and external parties.
  • Develop and execute short-term and long-range supervisory plans based on an assessment of developments in the financial institution, the real economy and the regulatory landscape
  • Collaborate with the respective supervisory program counterparts and other regulatory agencies to ensure that supervisory work (including resolution of supervisory issues and enforcement actions) is aligned with the key risks of the supervised firm as well as identified program priorities and portfolio standards.
  • Ensure that supervisory assessments are well supported and vetted and facilitate well-written and timely feedback to the supervised firm.
Requirements:
  • Bachelor's degree required preferably in accounting, finance, business, statistics, or related field of study or equivalent work experience.
  • Typically has 12+ years of relevant experience; requires 8+ years of progressive people and business management experience. 3+ years of relevant experience with the LISCC and LFBO program and institutions preferred
  • Deep knowledge and subject matter expertise in the risks covered by the respective risk specialty team as they apply to LFBO and/or LISCC institutions.
  • Strong familiarity with the LFBO and/or LISCC supervisory practices and knowledge of related regulatory guidance and internal policy positions.
  • An examiner commission, or actively working toward a commission, is preferred.
  • This role typically requires 10% - 20 % travel.

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.

All employees must be fully vaccinated against COVID-19 or qualify for an accommodation from the Bank's vaccination policy; the Bank will provide accommodations as required by law for individuals unable to be vaccinated due to medical condition or sincerely held religious belief.

At the Federal Reserve Bank of San Francisco, we offer a wonderful benefits package including: Medical, Dental, Vision, Pretax Health Care Flexible Spending Account, Paid Family Leave Care, Backup Child Care Program, Pretax Day Care Flexible Spending Account, Vacation Days, Sick Days, Paid Holidays, Pet Insurance, Matching 401(k), and an unheard-of Retirement / Pension Plan.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.

At the SF Fed, we believe in the diversity of our people, ideas, and experiences and are committed to building an inclusive culture that is representative of the communities we serve. The SF Fed is an Equal Opportunity Employer.

#LI-Hybrid

Full Time / Part Time Full time

Regular / Temporary Regular

Job Exempt (Yes / No) Yes

Job Category Executive

Work Shift First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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