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Sr. Manager - Governance & Control

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Multiple locations
Posted on Sunday, May 19, 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 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.

Supervision + Credit (S+C) 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.

The Risk Specialist Team has a fantastic opportunity to add a Sr. Manager - Governance & Control to our group. We provide specialized examination support for our District Community and Regional Bank portfolios, as well as for national programs, particularly to the Large Institutions Supervision Coordinating Committee (LISCC), Large and Foreign Banking Organization (LFBO), and Significant Service Provider (SSP) programs. We also contribute to local and national surveillance efforts and work on a variety of System projects and policy initiatives.

We are looking for you. Beyond technical expertise in the risk space, you are a seasoned leader who is passionate about supporting your team to develop to their highest potential. You are an outstanding coach, able to assess you team’s strengths and weaknesses and provide actionable plans and honest feedback to support them in moving toward their goals. You are self-aware and seek feedback on your leadership and possess high “EQ”. In this important role, you will lead a team of five to ten risk specialists and commissioned examiners responsible for assessing nonfinancial risks and related governance and risk management processes at large financial institutions and service providers, as well as at regional and community institutions as necessary.

Essential Responsibilities:

  • Promote staff development by establishing clear performance goals, providing frequent direct feedback, and supporting professional talent development.
  • Collaborate with the System counterparts (e.g. LISCC, LFBO, and Board) to promote staff development consistent with the Reserve Bank and supervisory program objectives.
  • Ensure supervisory activities are appropriately completed, coaching, and mentoring to team members as appropriate.
  • Serve as a subject matter expert in non-financial risk areas, including engaging in the identification and monitoring of trends in the 12th district and at the System level. Contribute to the horizontal perspective of governance and controls and non-financial risk management.
  • Provide independent review and challenge during vetting of various supervisory assessments, annual ratings, and supervisory plans.
  • Represent S+C at the System-level, leading and/or participating in System work groups oriented around risk management and horizontal risk identification.
  • Build and lead relationships with external collaborators, including System staff, staff at other Reserve Banks, and senior management of supervised financial institutions.
  • Maintain subject matter expertise in governance and controls and non-financial risk management by participating in System and external trainings as well as leading and participating in examination activities of high risk and complex firms.

Requirements:

  • Bachelor’s degree in business, technology, or related fields of study, or equivalent work experience. Advanced degree preferred.
  • Typically requires ten or more years of direct supervisory or comparable banking, or financial industry experience.
  • Typically requires seven or more years of people leadership experience with an emphasis on developing and coaching team members with diverse backgrounds. Substantive “Examiner in Charge” work experience can substitute for formal people management experience.
  • An examiner commission issued by the Board of Governors of the Federal Reserve System, or other financial institution regulatory agency such as the Office of the Comptroller of the Currency (OCC) or Federal Deposit Insurance Corporation (FDIC) is ultimately required. This includes commissioned-level examiner experience from a State department. If one does not possess the commission, the hired candidate will be expected to enroll, and complete the program.
  • Proven ability to influence at all levels of an organization, with strong analytical, problem solving, communication and project management skills.
  • Knowledge of and experience evaluating non-financial risks facing complex financial institutions and prudent practices for managing those risks, using applicable regulatory guidance as well as common frameworks, such as FFIEC, NIST, and ISO. Particular experience in compliance risk management and BSA/AML risk management fields is a plus.
  • Experience evaluating a variety of risks facing complex financial institutions, and the ability to identify prudent practices for managing those risks.
  • Capacity to pursue multiple initiatives at the same time and deliver successful outcomes.
  • Willing and able to travel up to 20%.
  • 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.

Useful, but not required:

Professional certifications with an emphasis on non-financial risk (e.g., CRISC, ACAMS, CISM, CISA, CISSP, CIA) or examiner commission are desired.

#LI-Hybrid

Base Salary Range: Min: $176,700 Mid: $229,500 Max: $282,300 (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.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Bank Examination

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.

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