Posted in Finance about 2 hours ago.
Type: Full-Time
Location: San Francisco, California
The SF Fed’s Supervision and Credit (S+C) Division supervises financial institutions and service providers to financial institutions in the western United States. Our mission is to ensure a safe, sound, and accessible financial system. S+C implements supervision programs that promote safety and soundness of supervised institutions and the financial stability of the U.S economy. One of the four supervision programs that is performed by SF Fed S+C is the Large Institution Supervision Coordinating Committee (LISCC) program. The Federal Reserve created the LISCC supervisory program to coordinate its supervisory oversight of large financial institutions that pose the greatest risk to U.S. financial stability.
The Wells Fargo & Co. (WFC) Dedicated Supervisory Team (DST) operates as part of the Federal Reserve’s LISCC supervisory program. The LISCC program is designed to combine firm-specific, safety-and-soundness perspectives with a broader, horizontal view of the industry to anticipate and mitigate threats to financial stability. A core component of the LISCC Program is the Governance and Controls (G&C) Program which consists of three core assessment areas (pillars) that align with the elements of the G&C rating: (1) Board Effectiveness, (2) Management of Business Lines (MBL), and (3) Independent Risk Management and Controls (IRMC). The G&C Program is conducted through a range of supervisory activities, including firm-specific examinations, common scope horizontal examinations, common team horizontal examinations, and supervisory issues follow-up.
The Sr. Risk Specialist position is an excellent opportunity to join the WFC DST on the Governance & Controls team! This role is responsible for leading ongoing monitoring activities and examinations that evaluate the effectiveness of 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. The Sr./Lead Risk Specialist will work closely with DST and system colleagues to support LISCC supervisory priorities. As such, the successful candidate will be expected to work collaboratively within and across teams, collectively generating new ideas, problem-solving, sharing expertise, and actively supporting others to achieve goals.
Essential Responsibilities:
Requirements:
Useful, but not required:
Professional certifications with an emphasis on non-financial risk (e.g., CRISC, CISM, CISA, CISSP, CIA, FCCA, ) or examiner commission are desired.
#LI-Hybrid
Base Salary Range: Min: 155,700 Mid: $205,600 Max: $255,300 (Location: San Francisco)
Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and alignment with geographic and other market data.
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 Retirement/Pension.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. The SF Fed is an Equal Opportunity Employer.
The Bank's ethics rules generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. Employees in the S+C group also must ensure there are no conflicts of interest related to their previous employment and current financial interests. S+C employees may be subject to borrowing and deposit restrictions and may need to recuse themselves from certain supervisory work. Please review Section 5.3 and Appendix B of the Bank’s Code of Conduct to ensure compliance with the Code of Conduct conflict of interest rules and personal investment restrictions.
Due to the nature of access to sensitive information all final offers are subject to the clearance of an enhanced background check. This enhanced screening will require the following items: academic and employment verifications, FBI fingerprint check (criminal and civil cases), credit check, family history, residential records and foreign travel for the previous 7 years, citizenship verification, reference checks, and personal interview with an investigator and can take between 21 – 60 days to clear.
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.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
Federal Reserve Bank (FRB)
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Federal Reserve Bank (FRB)
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