📁
Bank Examination
📅
261523 Requisition #

Department Overview


The Federal Reserve Bank of San Francisco’s (FRBSF) Department of Financial Institution Supervision and Credit is seeking a highly motivated individual to join its Risk Specialist Team (RST) within the Risk, Policy and Analysis Group to serve as a member of the Federal Reserve System’s Large Institution Supervision Coordinating Committee (LISCC) supervision program. In this role, you will be a member of the Information Technology (IT) program within the LISCC Governance and Controls (G&C) program.


The LISCC program is the Federal Reserve’s national supervisory program for the nation’s largest and most systemic financial institutions. It 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 program is overseen by the LISCC Operating Committee and is executed by hundreds of staff supplied by multiple Reserve Banks and the Board of Governors working collaboratively to provide System-wide and cross-disciplinary perspectives on the supervision of firms in the LISCC portfolio.


This national program is comprised of five core areas: G&C, Capital, Liquidity, Recovery and Resolution Planning (RRP), and the Monitoring and Analysis Program (MAP). The matrix structure of the LISCC program provides that each of the program participants has dual reporting lines: functional reporting to a LISCC program manager and administrative reporting to a local (FRBSF) manager.

 

Position Summary


In this role, you will lead IT risk management assessments and examinations primarily for large/complex systemic financial institutions under Federal Reserve supervisory authority.

You will serve as a subject matter expert and be responsible for assessing financial institutions’ IT risk management programs and associated management information systems to ensure they are operating in a safe and sound manner and complying with applicable banking laws, regulations, and policy statements. You will lead national examinations for information security and cybersecurity, including assessing business resiliency and vendor risk management from a cybersecurity perspective.


You will have superb communication skills with the ability to explain complex IT/cyber security issues and concepts to diverse audiences. Your collaboration skills and ability to develop strong relationships with senior management, System staff and other regulators and partners is a critical part of this role.

 

Principle Duties and Responsibilities

  • Lead or participate in examinations over a spectrum of cyber security/IT topics to determine the effectiveness of a firm’s IT risk management program and validate remediation efforts of identified issues. You will analyze internal reports, facilitate discussions with institution management, review industry information, and research cybersecurity/IT risk topics affecting the financial services industry.
  • Lead or participate in Federal Reserve System and local IT initiatives related to training, committees and contribute development of policies to enhance the supervision of financial firms.
  • Perform monitoring activities across the LISCC portfolio to understand micro (institution specific), horizontal (industry wide/peer), and macro (financial system supervision) IT risks.
  • Assist in the development of firm risk assessments and supervisory strategies, and the vetting of exam scopes and findings. Provide briefings to senior FRS staff and others in the supervisory community.
  • Develop creative approaches to evaluating risks and operational resiliency. Devise methods to more efficiently incorporate FRS data, market-based surveillance products, and technology into the ongoing supervisory process.
  • Prepare informative, well-supported supervisory products and work papers, effectively communicating complex and problematic supervisory findings, including required actions to senior management and board of directors.
  • Prepare and delivers written analyses and presentations on firm specific as well as broader industry trends or emerging risks.
  • Analyze information security and risk management programs to determine an estimated risk and potential impact to the financial institutions and financial services industry.
  • Maintain strong relationships and liaisons with FRS colleagues, institution management, and other regulatory agencies.
  • Develop and maintain expertise in cyber security/information security, cloud computing, IT operations, IT risk management, and IT internal audit, as well as supervisory expectations and industry practices in those areas.
  • Synthesize information from multiple sources to identify industry trends and emerging issues. Identify the implications of these trends, both at the micro and systemic levels and propose approaches to identified issues.
  • Develop an understanding of supervisory rating systems applied to large banks (LFI ratings) and service providers (URSIT ratings). Understand the FFIEC framework for supervising service providers and related supervisory expectations contained in the FFIEC IT Handbook.

Position Requirements

  • Must 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 in business, technology, or related fields of study (or equivalent work experience).
  • Advanced degrees or professional certifications with an emphasis on internal audit or information security (e.g., CRISC, CISM, CISA, CISSP, CIA) or examiner commission are desired.
  • Seven or more years of direct or comparable banking, financial industry or banking supervision experience with auditing and/or risk management and controls is required. Ten or more years’ experience required if hired into higher level role.
  • Knowledge of, ability to evaluate, and/or willingness to learn, cyber security/information security and technology risks facing complex financial institutions and prudent practices for managing those risks.
  • Strong analytical, problem solving, and project management skills, as well as strong learning agility and the ability to work on a variety of assignments independently.
  • Domestic travel and overnight stays may be required up to 50% depending on assignments.

Behavioral Competencies

We are looking for a candidate who exhibits the following critical behavioral competencies:

  • Leadership: Effectively taking responsibility for leading others by creating a supportive and empowering environment; expecting everyone to act as a leader (leading direct reports, project teams, research groups, or in any other leadership capacity).
  • Critical Thinking: Thinking deeply and broadly about issues and making connections among situations that are not obviously related; using that recognition to advance the organization’s strategic goals.
  • Collaboration: Inspiring individuals to work together within and across teams, collectively generating new ideas, problem-solving, sharing expertise, and actively supporting each other to achieve goals.
  • Influence: Building respect and trust, based on an understanding of interpersonal and organizational dynamics, to generate support for ideas and actions, and to persuade others.
  • Achievement: Identifying and working toward challenges for improvement in self, others, and the organization; aligning personal behavior with the needs, priorities, and goals of the organization.
  • Innovation: Demonstrating flexibility and initiative by identifying new and better ways to address a problem or opportunity; moving from reactive to proactive action, and seeking to improve the long-term effectiveness of the organization.

The Federal Reserve Bank of San Francisco believes in the diversity of our people, ideas, and experiences and is committed to building an inclusive culture that is representative of the communities we serve.


The Federal Reserve Bank of San Francisco is an Equal Opportunity Employer.


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