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CompanyFederal 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.

The SF Fed's Supervision and Credit (S+C) Division supervises financial institutions and service providers to financial institutions in the western United States. Our mission is to ensure a safe, sound, and accessible financial system. S+C implements supervision programs that promote safety and soundness of supervised institutions and the financial stability of the U.S economy. One of the four supervision programs that is performed by SF Fed S+C is the Large Institution Supervision Coordinating Committee (LISCC) program. The Federal Reserve created the LISCC supervisory program to coordinate its supervisory oversight of large financial institutions that pose the greatest risk to U.S. financial stability.

The Wells Fargo and Co. (WFC) Dedicated Supervisory Team (DST) operates as part of the Federal Reserve's LISCC supervisory program. 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. A core component of the LISCC Program is the Governance and Controls (GandC) Program which consists of three core assessment areas (pillars) that align with the elements of the GandC rating: (1) Board Effectiveness, (2) Management of Business Lines (MBL), and (3) Independent Risk Management and Controls (IRMC). The GandC Program is conducted through a range of supervisory activities, including firm-specific examinations, common scope horizontal examinations, common team horizontal examinations, and supervisory issues follow-up.

The Senior Risk Specialist position is an excellent opportunity to join the WFC DST on the Governance and Controls team! This role is responsible for leading ongoing monitoring activities and examinations that evaluate the effectiveness of compliance risk management practices at WFC, including the remediation of enterprise risk and control weaknesses. As a member of the DST, this individual will assess inherent risks, and associated risk management programs, through participation in on-site examinations and regular monitoring of business activities. The Senior Risk Specialist will work closely with DST and system colleagues to support LISCC supervisory priorities. As such, the successful candidate will be expected to work collaboratively within and across teams, collectively generating new ideas, problem-solving, sharing expertise, and actively supporting others to achieve goals.

Essential Responsibilities: * Lead or participate in supervisory activities to evaluate the quality and effectiveness of WFC's compliance risk management practices in relation to the inherent risks of the institution, supervisory expectations, and industry sound practices. * Evaluate the effectiveness of WFC's compliance risk and governance frameworks across WFC's three lines of defense. * Lead or participate in the development and execution of a supervisory strategy across a range of enterprise remediation initiatives, including enforcement actions. * Review... For full info follow application link.

The Federal Reserve Bank of San Francisco is an Equal Opportunity Employer. Our people reflect the diversity and the ideas of the community we serve.