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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.

Do you have a passion for bank supervision, risk management, audit, and controls? We welcome those Sr. Risk professionals seeking to join our premier public service organization. If this is you please read about this exciting opportunity!

Group Overview

The Supervision + Credit group 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 Overview

The FRBSF’s SVBFG dedicated supervisory team has an opportunity to serve as a Senior Risk Specialist providing coverage for supervisory activities covering SVB’s core business lines. As part of the Federal Reserve’s Large and Foreign Banking Organization (LFBO) supervisory program, the role will report to the SVBFG Governance and Controls (G&C) Manager on a team of risk specialists responsible for the assessment of SVBFG’s G&C rating under the Federal Reserve’s Large Financial Institution’s Rating Framework, as well as the assessment of various rating components under the interagency CAMELS rating framework. The incumbent will lead the development and execution of a strong supervisory program that evaluates risk management practices of SVB’s core business line, with particular focus on assessing risk management, strategic planning, senior management competency, and incentive compensation practices. In this role, the risk specialist will develop a comprehensive understanding of firm practices in these areas, act as Examiner-in-Charge of related supervisory events, conduct horizontal and coordinated reviews, and routinely interact with internal and System-level colleagues, other regulators, and the firm’s senior management and staff. They will also be responsible for contributing to the assessment of regulatory ratings for risk management, CAMELS and governance and controls.

This role is considered a rotational position of generally five years with the expectation that the hire will remain in the role for a minimum of three years.

Responsibilities:

• Lead or participate in the supervisory assessments of SVB’s core lines of business. Conduct ongoing risk-focused supervisory activities, including MIS reviews and leading routine meetings with SVBFG management to develop a deep and broad understanding of the firm’s strategies, risks, and risk management practices. Perform timely and periodic risk analyses to examine the level and trend of risks and identify emerging issues.
• Deliver clear supervisory messages to the firm management that describes where the firm stands relative to supervisory expectations and required actions for addressing matters that require attention, as applicable.
• Deliver high quality and timely completion of required supervisory work products and perform quality control to ensure compliance with local policies/procedures and System requirements.
• Collaborate with other risk specialists on the team and California Department of Financial Protection and Innovation (DFPI) examiners to develop a comprehensive understanding of the firm's businesses and risks.
• Demonstrate agility and leadership through ability to cover other risk topics not specifically captured in areas of coverage, based on team need.

Requirements:

• 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.
• Bachelor’s degree in business administration, finance, economics, or other related field is required; advanced degree and/or professional certifications (FRM, CIA, CISA) is preferred.
• Typically seven or more years of direct or comparable banking, financial industry, or banking supervision experience in relevant activities.
• Solid understanding of relevant supervisory standards on corporate governance and risk management at large financial institutions, 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.
• Strong communication, problem solving and analytical skills. Ability to pursue to 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).
• An active examiner commission from a federal or state banking supervisory agency or the relevant experience and training required for entry into Interim Examiner Commissioning Program for Large Financial Institution Supervision is preferred.

Effective October 1, 2021, all employees must be up to date with your COVID vaccinations or qualify for an accommodation from the Bank’s vaccination policy.

• “Up to date" means you must be fully vaccinated against COVID-19 and receive a booster within 30 days of becoming eligible for one.
• The Bank will provide accommodations as required by law for individuals unable to be vaccinated due to medical condition or sincerely held religious belief.

Benefits:

We offer a wonderful benefits package including Medical, Dental, Vision, Pre-tax Flexible Spending Account, Backup Child Care Program, Pre-Tax Day Care Flexible Spending Account, Paid Family Care Leave, Vacation Days, Sick Days, Paid Holidays, Pet Insurance, Matching 401(k), and a Retirement / Pension.

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.

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