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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. 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.Are you passionate about large bank supervision and being a part of a dynamic team? Interested in a unique opportunity to collaborate with colleagues in the 12th District and across the Federal Reserve System (FRS) in a wide range of supervisory activities related to large firms' financial resilience? If yes - then read on! We need you, a Senior Risk Specialist who will be responsible for participating in and leading various financial resilience-related supervisory activities in the Large and Foreign Banking Organizations (LFBO) supervision program. Your primary focus in 2022 is monitoring and assessing risk management related to credit exposure in support of our Dedicated Supervisory Team (DST) at Mitsubishi UFJ Financial Group (MUFG). Time allowing, you may also be asked to participate in supervisory activities at other 12th District LFBO institutions and across the FRS related to assessing broader financial resilience, including a wide range of horizontal (cross firm) reviews such as the Horizontal Capital Review and the Horizontal Liquidity Review. You will closely collaborate and interact with numerous individuals throughout the supervisory community, as well as executive management of supervised firms.A unique aspect of this position is the sale of MUFG's lead bank (expected by end 2022), which is currently pending regulatory approvals. If the bank sale does not occur, this position will transfer to the MUFG DST as a rotational position of generally no longer than five years after joining the RST. If the sale occurs, this position will transition away from supervision of MUFG over time and increasingly focus on supporting other 12th District supervised LFBO firms and System horizontal review activities and have no rotational requirement. Behavioral competencies related to collaboration, emotional intelligence, and influence are instrumental for you to successfully lead and support the various program reviews.Highlights of Responsibilities:- In 2022, serve as lead contributor to the MUFG DST's evaluation of the firm's credit risk profile and trends and credit risk management practices by developing a sound supervisory strategy and proposing supervisory activities in your areas of coverage. This includes assessing credit risk management practices across front lines and independent risk and control functions, as well as the appropriateness of the business strategy, risk appetite, and business controls for the firm's Global Corporate and Investment Banking business line.
- Lead or participate in LFBO firm-specific events and routine continuous monitoring activities in assigned coverage areas, as well as horizontal and coordinated reviews. For supervisory events, develop scope and objectives, execute exam procedures, engage Division and System stakeholders and other regulators to consider broader perspectives, and deliver high-quality supervisory products that provide well-supported conclusions. Deliver clear supervisory messages to firm management that describe where the firm stands relative to supervisory expectations and required actions for addressing matters that require attention, as applicable.
- Build and maintain an expanded level of knowledge and expertise in assigned coverage areas and related supervisory guidance.
- Bachelor's degree in business administration, finance, economics, or other related field is required. Advanced degree, equivalent work experience, professional certifications (e.g., CFA, FRM, CPA), and specialized degrees in related fields are preferred.
- Typically requires Seven or more years of supervisory or comparable banking, financial industry, or consulting experience in credit risk, such as portfolio management, loan workouts, independent credit risk oversight, credit risk review, and Shared National Credit review experience with complex regional or large banking organizations.
- 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 is preferred.
- Working knowledge of relevant supervisory guidance on CECL, Credit Risk Review and the FRS' Consolidated Supervision Framework for Large Financial Institutions (SR 12-17) and LFI Ratings Framework (SR 19-3) is preferred.
- Broader knowledge of other financial and operational resiliency areas (e.g., capital, market, interest rate risk, liquidity, operational and compliance) is preferred.
- Strong problem solving and analytical skills that support and enable sound decision-making; ability to synthesize large amounts of complex, disparate information to formulate well-supported views.
- 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.
- Ability to cultivate collaborative working relationships with a variety of key internal and external partners.
- 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
- Ability to travel up to 10 percent for San Francisco-based applicant, and up to 15 percent for non-San Francisco-based applicants. However, we will be conducting all supervisory activities offsite until personal safety due to COVID-19 is reasonably assured, and we are anticipating lower overall travel for supervisory activities following the pandemic.
- Effective October 1, 2021, 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.
- ID: #22996441
- State: California Sanfrancisco 94102 Sanfrancisco USA
- City: Sanfrancisco
- Salary: USD TBD TBD
- Job type: Permanent
- Showed: 2021-11-19
- Deadline: 2022-01-17
- Category: Et cetera