Posted in Manufacturing 30+ days ago.
Type: Full-Time
We are the San Francisco Fed, public servants with a congressionally mandated 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 we are committed to understanding and serving the vibrant, diverse people 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 team united in its purpose to promote an economy that works for everyone.
The Supervision + Credit 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 Wells Fargo & Co. (WFC) Dedicated Supervisory Team (DST) operates as part of the Federal Reserve’s Large Institution Supervision Coordinating Committee (LISCC) supervisory program. LISCC firms are considered to pose the greatest systemic risk to the U.S. economy. 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. The LISCC supervisory program's objectives and core areas of focus are described in more detail in SR letter 12-17 / CA letter 12-14, Consolidated Supervision Framework for Large Financial Institutions.
Are you interested in playing a vital leadership role in supervising one of the largest and most systemic financial institutions in the U.S.? Are you passionate about coaching and developing a team? If yes – then read on! As the Assistant Vice President, Governance & Controls on the WFC DST, you will play a leadership role in developing and implementing a supervisory strategy to assess WFC’s management of core business divisions and independent risk management oversight. You will work closely with colleagues to monitor and assess how WFC management identifies and manages material risks; assess resources and infrastructure and whether these support an appropriate system of internal controls; and assess how the firm ensures accountability for operating within established policies and guidelines and in accordance with laws and regulations.
You will play a critical role in modeling and championing behaviors to promote a culture of thought leadership and achievement within your team. You will be expected to promote team effectiveness by providing resources and establishing team processes, remove obstacles that impede team performance, and take decisive action when appropriate to move forward. You will also be expect to encourage individuals to work together within and across teams, collectively generating new ideas, problem-solving, sharing expertise, and actively supporting each other to achieve goals when the situation is necessary.
Essential Responsibilities:
Requirements:
#LI-Hybrid
Base Salary Range: Min: $214,800 Mid: $286,400 Max: $349,200 (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.
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 Holidays, 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.
At the SF Fed, we believe in the diversity of our people, ideas, and experiences and are committed to building an inclusive culture that is representative of the communities we serve. 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.
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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