The Federal Reserve Bank of San Francisco believes in the diversity of our people, ideas, and experiences and we are committed to building an inclusive culture that is representative of the communities we serve.
The Financial Institution Supervision and Credit (FISC) Division is responsible for the supervision and regulation of state member banks, bank holding companies, savings and loan holding companies, financial holding companies, data service providers, trust companies, and foreign banking organizations that operate in the 12th District. Supervised institutions are located 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.
An excellent opportunity exists in the Regional Institution Group (RIG) for an individual with a strong background in Information Technology (IT) and related areas of Operational (Ops) Risk within financial services companies and banking organizations. The position emphasizes monitoring and assessment of IT and Op Risk including: information systems, cybersecurity and data management, and other risk relating to services, such as payments systems, third party vendor management, regulatory reporting, and brokerage/treasury operations. The IT/OR Specialist will report to the Central Point of Contact (CPC) for SVB Financial Group - a multi-state, multinational regional banking organization (RBO) with $60 billion in total on balance sheet assets as of March 31, 2019; however, will be a key member of FISC's RBO supervision program, with accountability for assessing and tailoring IT and Ops risk supervision (i.e., portfolio risk-tiering and leading/participating in supervisory events) activities across the System's largest district RBO portfolio.
A qualified candidate will possess expertise in assessing or managing technology, information security, data and data governance, and cybersecurity risks. Additionally, a strong working background in assessing or managing enterprise risk management, corporate governance, and project management in a regional or large bank environment is an essential complement to providing a robust supervisory assessment. Finally, the ability to collaborate with other risk specialists covering credit, market, liquidity, legal and compliance risks, as part of the RIG portfolio's consolidated supervisory plan, is essential.
The IT/Ops Risk Specialist owns the IT/Ops risk assessment and monitoring responsibilities across RIG's portfolio. Specific duties of the IT/Ops Risk Specialist include:
Leading the cross-portfolio risk assessment process for IT/Ops risk, and making risk-tailored recommendations for continuous monitoring, supervisory events and event staffing.
Performing routine continuous monitoring of portfolio RBOs, on a risk-assessed basis, including monitoring trends and developments through the review of internal risk management reports, regulatory surveillance reports, regulatory filings, and regular interaction with senior company officials, other regulators, and internal auditors.
Developing supervisory documents such as continuous monitoring reports, MIS and metrics, and issues tracking.
Leading the planning, execution, and report writing for targeted IT/Ops examinations as the examiner-in-charge, as well as participating on full-scope examinations as a contributing member.
Evaluating governing oversight, including policies, procedures, and controls used by RBOs to ensure compliance with national and international requirements, such as Gramm-Leach-Bliley Act 501(b) and General Data Protection Regulation.
Performing transaction testing to evaluate the prudence of strategic planning, the effectiveness of risk management processes, and the quality of management information reporting practices.
Assessing the technical expertise of IT/Ops staff and management, as well as the independence and effectiveness of the audit function.
Conducting monitoring of institutional efforts to achieve compliance with applicable enforcement actions.
Maintaining a high level of subject matter expertise and keeping abreast of emerging issues of particular relevance to the District, including foreign exchange and nontraditional payment systems and FinTech developments impacting the delivery of financial services.
Providing mentoring and on-the-job training to examiners during examination assignments and in other forums as needed.
Participating actively in unit and System groups and discussions by sharing experiences and perspectives.
Be a U.S. Citizen, U.S. National, or hold a permanent resident/green card with intent to become a U.S. Citizen.
Bachelor's degree required.
Minimum of four or more years of direct or comparable banking, financial industry, or banking supervision experience, with a focus in IT/Ops.
Ability to travel 40 to 60 percent.
An understanding of business risks, risk management, and banking principles.
Strong verbal and written communication skills.
Intermediate to advanced familiarity with the Microsoft Office suite, including Microsoft Word, Excel and Power Point.
Ability to engage in difficult discussions with internal and bank staff.
Ability to work independently and as part of a team, as well as to serve as the Examiner-in-Charge of target IT/Ops risk reviews.
You should demonstrate the following critical behavioral competencies: influence, critical thinking, collaboration, and leadership.
An active commission from a bank regulatory agency (Federal Reserve, FDIC, OCC).
Professional certifications, such as the Certified Information Systems Auditor (CISA), Certified in Risk and Information Systems Control (CRISC), or Certified Information Systems Security Professional (CISSP).
Experience performing IT/Ops and risk management examination work at regional and/or large banking organizations, as well as institutions with foreign operations.
Why us? We value excellence, integrity, collaboration, diversity, and work/life balance. We offer an excellent benefits package, an alternate work schedule, tuition reimbursement and an opportunity to work on a great team.
The Federal Reserve Bank of San Francisco is an Equal Opportunity Employer. Our people proudly reflect the diversity and the ideas of the community we serve.
Federal Reserve Bank