Job Description:

Company

Federal Reserve Bank of San Francisco

We 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. We empower our people to balance their life and work responsibilities. That’s why we offer a flexible hybrid work model that allows you to collaborate with office colleagues on some days, and work from home on others.

The Supervision + Credit (S+C) 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.  The Formations + Transactions, Enforcement (FTE), and Small Shell Holding Company (SSHC) unit is part of the S+C Community & Regional Institution Supervision (CRIS) team, with responsibility for supervising small shell holding companies, processing banking applications, and leading supervisory enforcement action-related matters.

The Federal Reserve Bank of San Francisco (FRBSF) has an opportunity to add a Risk Specialist, FTE & SSHC who will act as a central point of contact for a portfolio of small shell holding companies, lead the processing of banking applications of moderate-to-high complexity, and provide support on time sensitive supervisory enforcement responses.  In this role, you will conduct research and analysis, gather background information, and collaborate with numerous local and system level partners to form well-supported recommendations on small holding company ratings, applications, and enforcement matters.   You will be responsible for developing required supporting documentation in the form of internal supervisory memoranda, applications records, and/or enforcement recommendation memos that meet or exceed Federal Reserve System standards.  As a member of the team, you will represent the Reserve Bank with internal and external partners, produce formal written supervisory communications, and periodically participate in point-in-time examinations at CRIS supervised entities. 

Essential Responsibilities: 

• Act as a central point of contact and provide timely and effective written and verbal communications with supervised entities and internal and external partners, including local and system partners, bank management and their counsel, and other banking authorities (OCC, FDIC, and State Banking Departments).


• Manage applications of low-to-moderate complexity through the entire life cycle (e.g., from determinations to pre-filings to acting on active filings).  This includes preparation of all required documentation and analysis for the applications record and managing informal and formal communications.


• Play a leading role in the delivery of supervisory enforcement responses and recommendation memos and consult on a broad range of other enforcement matters to address deficiencies, correct violations, and return institutions to satisfactory condition. 


• Conduct research and analysis, gather background information, and collaborate with others to gain well rounded perspectives and make sound recommendations on small shell holding company ratings, banking applications, and enforcement matters with minimal supervision. 


• Develop necessary documentation in the form of internal supervisory memoranda, enforcement recommendation memos, and other formal supervisory communications that require minimal review and editing by management prior to approval and sign-off.


• From time to time, take on lead roles and complete examination objectives in support of point-in-time examination events within CRIS. 


• Act in support of the team, S+C, FRBSF, and Federal Reserve System by supporting organizational initiatives, demonstrating high levels of engagement, and developing self and others. 

Requirements:

• Bachelor’s degree in business, economics, finance, accounting, or a related field is preferred.


• Typically requires five or more years of relevant experience in banking, financial industry, or banking supervision, or an equivalent combination of education and experience.


• Active commission issued by the Federal Reserve Board of Governors and/or a major in business, economics, finance, accounting or CFA or CPA are preferred, but not required.   


• Broad understanding of the banking industry and U.S. supervision and regulation framework, including ability to use judgement and read and apply rules, regulations, and guidance supervision, banking applications, and enforcement matters.


• Validated ability to collaborate, build relationships, and influence at all levels.


• Ability to interpret supervisory ratings and enforcement records, and deliver verbal and written information in a succinct, accurate, and effective manner.


• Ability to interpret and analyze financial information, including capital, asset quality, earnings, and liquidity, as well as review and assess board and senior management reporting and audit reports.


• Proficiency in PC software products including Word, Excel, and PowerPoint.


• Willing and able to travel between 15% to 25%. 


• 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.  

#LI-Hybrid

Base Salary Range: Min: $127,400 Mid: $167,800 Max: $208,500 (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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