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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. The Lead Risk Specialist position is an excellent opportunity to join the WFC Dedicated Supervisory Team (DST), which operates as part of the Federal Reserve's Large Institution Supervision Coordinating Committee (LISCC) supervisory program covering the largest and most systemic financial institutions. This role is responsible for leading ongoing monitoring activities and examinations that evaluate the effectiveness of operational and non-financial risk management practices at WFC, including the remediation of enterprise risk and control weaknesses. As a member of the DST, this individual will assess inherent risks, and associated risk management programs, through participation in on-site examinations and regular monitoring of business activities to ensure that WFC operates in a safe and sound manner. The Risk Specialist will also provide leadership on initiatives and reviews that support LISCC supervisory priorities.Responsibilities: You will play a vital leadership role among team members from the DST and LISCC supervisory program to evaluate the effectiveness of WFC's operational risk and governance frameworks across WFC's three lines of defense. You will lead the development and execution of a supervisory strategy across a range of enterprise remediation initiatives and formulate on-going assessments for operational risk coverage areas such as operational risk governance, independent risk management, operational resiliency, as well as management of core business lines. You will also be responsible for assessing the effectiveness of board oversight and internal audit's coverage of operational and related non-financial risk management programs, as well as WFC's ability to identify and remediate key operational risk and control deficiencies. Additional responsibilities include:- Lead and participate on examinations that assess WFC's operational management capabilities, including the ability to: identify material risks and evaluate key controls across business lines; manage risks associated with the engagement of third-party service providers; ensure accurate and timely risk reporting, as well as issues management and escalation.
- Review management and risk reporting; conduct recurring analysis to guide supervisory assessments across the DST as well as the formulation of supervisory priorities.
- Plan and lead recurring meetings with firm senior management to understand key developments and identify emerging risks.
- Formulate comprehensive assessments covering operational risk and resiliency; present well supported supervisory findings and messages to Federal Reserve and WFC senior management.
- Maintain rapport and work collaboratively with Federal Reserve colleagues, as well as those from other supervisory agencies.
- Maintain a current understanding of industry trends, regulatory changes, and industry practices related to operational risk and resiliency capabilities.
- Bachelor's degree in business administration, finance, economics, or other related field is required; advanced degree and/or relevant professional certifications (e.g. CFA, FRM) is preferred but not required.
- Ten or more years of experience in non-financial risk management, preferably in the context of large banking supervision, or comparable experience in banking, financial services, or related industries (e.g., consulting).
- Experience in monitoring and assessing the remediation of enforcement actions is preferred but not required.
- Working knowledge of large banking business lines/products, organizational structures, operations, and relevant laws and regulations, as well as experience with the Federal Reserve's Consolidated Supervision Framework for Large Financial Institutions and LFI rating (e.g., SR 12-17 & SR 19-3) is preferred.
- Ability to lead and project manage one or more complex assignments and prioritize responsibilities to meet deliverables in a timely manner.
- Strong written and verbal communications skills; ability to listen effectively communicate complex issues and support supervisory conclusions to a broad array of audiences, including senior stakeholders; ability to identify and articulate thematic issues and concerns both verbally and in writing.
- Strong problem solving and analytical skills that enable sound decision- making; ability to synthesize large amounts of complex, disparate information to formulate well-supported supervisory conclusions.
- Ability to travel at least 15 percent.
- 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.
- An applicant for employment must =, U.S. National, or hold a permanent resident/ with intent to become a U.S. Citizen.
- ID: #23745722
- State: California Sanfrancisco 94102 Sanfrancisco USA
- City: Sanfrancisco
- Salary: USD TBD TBD
- Job type: Permanent
- Showed: 2021-12-02
- Deadline: 2022-01-30
- Category: Et cetera