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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 developing and implementing a supervisory strategy to assess WFC's management of core business lines and independent risk management oversight. You will work closely with colleagues to monitor and assess how line of business management performs front-line activities consistent with board approved strategies and risk tolerances; assess front-line identification and management of material risks; assess front-line 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. This role will also be responsible for ongoing monitoring activities and examinations that evaluate the effectiveness of non-financial risk management practices at WFC, as needed and in-line with the applicant's areas of expertise. 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: * Play a leading role in devising and performing a... 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.