Risk Specialist - Community Institutions Group at Federal Reserve Bank (FRB) in Los Angeles, California

Job Description:

Company

Federal Reserve Bank of San Francisco

While the SF Fed is a Reserve Bank, we’re not what you might expect. We’re unreserved here. That means we seek new and diverse perspectives. We spark conversations and encourage debate. We build opportunity. We pursue careers that are true to ourselves. We are looking for people who want to help our country reach its full economic potential. When you join the SF Fed, you join a team of people working together to promote an inclusive economy that works for everyone.

The Community Institutions Group (CIG) within the Regional, Community, & Foreign Examination Group (RCFEG) is seeking a Risk Specialist to join our team to perform examinations of banks and U.S. offices of foreign banks, as well as inspections of bank, financial, and savings and loan holding companies and their nonbank subsidiaries. This role is at the center of one of the Federal Reserve’s critical missions, that being to ensure the safety and soundness of the banking system and financial markets by conducting examinations/reviews of banks, U.S. offices of foreign banks, holding companies, and their non-bank subsidiaries.

Are you a purposeful individual who aspires to make an impact? If so, please consider this role! It provides the opportunity to supervise a variety of activities at institutions across several portfolios. You will also have the unique opportunity to be among the first generation to experience a new, more flexible way of conducting exams, as we adopt lessons learned during the pandemic.

The Risk Specialist will have the opportunity to complete the requirements to be designated as a Commissioned Examiner. You will work collaboratively in teams to complete examinations with the guidance of an Examiner-in-Charge. Your manager will guide you through on-the-job training, online learning units, and self-study. The selected candidate would then serve as an Examiner-in-Charge under the guidance of a mentor. Upon commissioning, you will have authority to act as the Examiner-in-Charge of examinations and inspections of the financial institutions supervised by the SF Fed.

Responsibilities:

• Lead and participate in examinations of state member banks, foreign banking organizations, bank holding companies, and bank and non-bank subsidiaries.




• Conduct analyses of current financial conditions and trends, and analyze loans and other assets related to specific institutions and to portfolios of institutions




• Resolve efficiency of an institution’s control environment, including audit, accounting, credit review, and other related activities.




• Assess an institutions’ compliance with applicable laws and regulations.




• Interpret information and review data to make decisions, prioritize, and develop hypotheses, facilitating the understanding of events and circumstances and making projections to forecast trends.




• Identify and differentiate between critical and non-critical supervisory issues and efficiently communicate critical issues to internal and external partners.




• Prepare examination reports, briefings, memoranda, and/or other examination results, ensuring that all written materials comply to all relevant rules and regulations and reflect high quality, detailed analyses, and useful conclusions.

Qualifications:

• A bachelor’s degree is required; a major in business, economics, finance, accounting, or a related field preferable.




• Typically requires a minimum of five or more years of direct or comparable banking, financial industry, or banking supervision experience.




• Demonstrate a strong ability to influence favorably, resolve obstacles and achieve collective outcomes to achieve supervisory goals, and build effective working partnerships.




• Capacity to identify and pursue multiple initiatives simultaneously, and deliver outstanding results with minimal or no supervision.




• Excellent written and verbal skills in addition to an understanding of business risks, risk management, and banking principles.




• Strong problem solving and analytical skills that support and enable sound decision-making.




• Some travel required and will vary depending on the location of the successful candidate.




• Intermediate to experienced familiarity with Microsoft Word, Excel, and PowerPoint.




• 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.

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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.

At the Federal Reserve Bank of San Francisco, we offer a wonderful benefits package including Medical, Dental, Vision, Pretax Flexible Spending Account, Paid Family Leave Care, Backup Child Care Program, Pretax Day Care Flexible Spending Account, Vacation Days, Sick Days, Paid Holiday’s, Pet Insurance, Matching 401(k), and an unheard of Retirement / Pension.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. The Federal Reserve Bank of San Francisco is an Equal Opportunity Employer.

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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Salary:

$144,000.00

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