FEDERAL RESERVE BANK OF SAN FRANCISCO

Our Work Protects the Dollars of Everyday Americans

FINANCIAL RESILIENCY SENIOR RISK SPECIALIST
LOCATION: San Francisco, CA 

Why Work For The Fed?

At the Federal Reserve Bank of San Francisco, 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.

Are you passionate about large bank supervision and being a part of a dynamic team? Interested in an 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!

Fulfilling Careers That Make a Difference

We like to say we work for the Fed, not at the Fed. That’s because the SF Fed is not just another employer or government agency. Here, you have the opportunity to become part of an important public service institution whose work touches lives across the globe. The thought of economic and monetary policies may lead you to think of the Federal Reserve as solely a banking organization. However, our work includes a broad range of disciplines.

Job Description

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 includes assessing risk management related to credit exposure, capital planning, liquidity and funding, and derivatives and trading activities at SVB Financial Group and Silicon Valley Bank. You will also focus on participating in supervisory activities across the FRS including horizontal (cross-firm) reviews as part of the Horizontal Capital and Liquidity Reviews.

Your behavioral competencies related to collaboration, emotional intelligence, and influence are instrumental for you to lead and support the various program reviews.

Highlights of Responsibilities:

  • Facilitate and contribute to formulating, building consensus around, and executing LFBO supervisory activities.
  • Develop understanding of supervisory expectations and horizontal range of LFBOs’ financial resilience practices, including key strengths and weaknesses and potential policy implications.
  • Engage regularly with colleagues in Supervision and in other business areas, as well as at the Board of Governors and other Reserve Banks on a range of open supervisory and policy issues to identify the best way forward.
  • Develop and maintain effective communication and relationships with Federal Reserve and other agency staff involved in supervision of LFBOs’ financial resilience areas.
  • Demonstrate subject matter expertise on financial resilience topics.

    Qualifications

    • Bachelor’s degree.
    • Typically requires seven or more years of relevant experience in banking, financial industry, or banking supervision, or an equivalent combination of education and experience.
    • Experience in prudential supervision of complex financial institutions is a plus.
    • Strong analytical and critical thinking skills demonstrated by the ability to assimilate new information, understand complex topics, and produce sound analysis.
    • Excellent written and verbal communication skills and the ability to synthesize complex ideas and explain them clearly.
    • Ability to think strategically, bringing a broad perspective on how to translate ideas into executable actions.
    • Ability to thrive as a member of a team and to build collaborative working relationships with colleagues across teams and at different levels.
    • Strong organizational skills, project management skills, and attention to detail.
    • Must be a U.S. Citizen or U.S. National, or hold a permanent resident/green card with intent to become a U.S. Citizen.
    • Ability to travel up to 30 percent; however, the System 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. 

    Benefits

    • Medical, Dental and Vision
    • Defined Benefit Pension Plan
    • Pre-tax Flexible Spending Account
    • Backup Child Care Program
    • Pre-tax Day Care Flexible Spending Account
    • Vacation, Days Sick Days, and Paid Holidays
    • Pet Insurance
    • Matching 401(k)