hero



SVP, Portfolio Supervision

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Multiple locations
Posted on Friday, May 17, 2024

Company

Federal Reserve Bank of San FranciscoWe are the Federal Reserve Bank of San Francisco—public servants with a mission to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. We are a community-engaged Reserve Bank, and are committed to understanding and serving the vibrant, expansive communities of the Twelfth District. That means we seek and appreciate new perspectives. We respect people for what they do and for who they are. We build opportunities to learn and grow. When you join the SF Fed, you become part of a diverse team united in its purpose to promote an economy that works for everyone.

What we do:

The SF Fed’s Supervision + Credit (S+C) group is responsible for executing the Federal Reserve’s supervisory policies and programs within the western United States through on-site examinations and off-site supervision activities. We also work within the Federal Reserve System at a national level supervising and assessing risk at large financial institutions. We are also responsible for the Reserve Bank’s discount window and payment system risk functions. We provide opportunities to make a difference by working with other federal and state authorities to promote a safe and sound financial system and ensure fair and equal treatment of consumers in their financial transactions.

This is a terrific senior-level leadership opportunity with high visibility and the ability to make a significant impact not only within the S+C group at The Federal Reserve Bank of San Francisco, but also at a Federal Reserve System level. The successful candidate will report directly to the Executive Vice President and Head of Supervision for FRBSF’s S+C Group and work closely with Board of Governors and other Reserve Bank leaders in the System. The individual will have the opportunity to demonstrate and apply their broad and deep functional expertise, in addition to their significant knowledge of the business of banking, banking supervision and various risk measures relevant to the portfolio of Large Institution Supervision -- Large Institution Supervision Coordinating Committee (LISCC) and Large and Foreign Banking Organizations (LFBO) entities, as well as Service Providers assigned to our District.

The LISCC firms fall under a national supervisory program and the successful candidate will actively work with LISCC leadership from the Board of Governors and other Federal Reserve Banks to ensure consistency and quality of supervision across the portfolio. The individual will demonstrate knowledge and expertise regarding the Federal Reserve’s supervision model, processes, and regulatory guidance for the portfolio of institutions, all while supporting the Federal Reserve System’s supervision function. The successful candidate also must understand, anticipate, and respond to the evolving nature of risk over a business cycle that financial institutions must address.

Primary Responsibilities:

  • Provide strategic direction, ongoing portfolio leadership, and thought leadership to the supervision of a designated portfolio of institutions and the associated teams to ensure sound decision-making and team alignment with the strategic direction of S+C, the Reserve Bank and System.

  • Lead and oversee the development, maintenance, and continuous improvement of the S+C’s risk-focused supervisory programs for all types of institutions in the portfolio in a manner that is consistent with System supervisory policy.

  • Work collaboratively across portfolios to drive consistency in supervision, foster diverse portfolio insights, and contribute to proactive risk identification and integration.

  • Help set the strategic direction and oversight of the assigned portfolios at the System level, influencing the direction of the applicable operating committees or management groups (e.g., LISCC Operating Committee, LFBO Management Group, etc.). participate on and lead other System initiatives and committees as it relates to the designated supervisory portfolio and aligned with S+C’s strategic objectives.

  • Build and sustain productive, collaborative relationships with counterparts across the Bank, Board of Governors, System, and other regulatory agencies.

  • Provide vision and leadership, and a model of technical competence in areas of responsibility, routinely evaluating the function’s structure, team and performance to ensure continuous improvement, efficiency and intended impact.

  • Participate as a member of the S+C Group’s executive leadership team, assuming collective responsibility for the Group’s’ strategy and overall performance.

  • Actively lead/influence FRS initiatives and committees and local SF Fed initiatives in areas aligned with the SF Fed strategic vision and direction.

  • Visible involvement and support of key Reserve Bank activities, such as ERG sponsorships and peer group mentoring.

  • Manage resources and balance trade-offs when considering local needs along with System supervisory or policy priorities.

Qualifications & Requirements:

  • Bachelors’ degree, preferably in business, or a related field of study, or equivalent work experience

  • Typically has 20+ years of business or banking supervisory leadership experience; typically has 15+ years of progressive people and business leadership experience.

  • Track record of successful leadership and mentoring senior people leaders and diverse teams.

  • Superior communication skills, ability to synthesize complex ideas, explain them clearly, and influence and persuade senior leaders within the System and at supervised firms.

  • Strong collaboration skills, and ability to build effective working relationships.

  • Ability to take initiative, produce results under time constraints, and manage and lead with rapidly evolving priorities.

  • Broad and deep functional expertise and significant knowledge of the business of banking, banking supervision, and the various risk measures relevant to the portfolio of institutions.

  • Knowledge of and/or expertise regarding the Federal Reserve’s supervision model, processes, and regulatory guidance for assigned portfolio(s).

  • Understanding of the evolving nature of risk over a business cycle that firms must address.

  • Up to 20% travel

  • Hybrid work model

Base Salary Range: Min: $349,270.00 - Mid: $407,800.00 - Max: $476,200.00 (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, Pension Plan and 401(k) with Generous Match, Pre-tax Flexible Spending Account, Backup Childcare Program, Pre-Tax Day Care Flexible Spending Account, Paid Family Care Leave, Vacation Days, Sick Days, Paid Holidays, Pet Insurance, On-site Fitness, and Subsidized Public Transportation Program.

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.

#LI-Hybrid

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Executive

Work Shift

First (United States of America)

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.

Privacy Notice