Sr. Manager, Formations + Transactions, Enforcement, & Small Shell Holding Companies Job at Federal Reserve Bank (FRB), San Francisco, CA

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  • Federal Reserve Bank (FRB)
  • San Francisco, CA

Job Description

Company

Federal 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 Supervision + Credit (S+C) 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 Formations + Transactions, Enforcement, and Small Shell Holding Company unit is part of the S+C Community & Regional Institution Supervision (CRIS) team, responsible for applications and enforcement related matters and small shell holding company oversight.

The Federal Reserve Bank of San Francisco is seeking a strong Sr. Manager, FTE & SSHC to manage and direct the activities of risk specialists and examiners with responsibility for applications and enforcement related matters and small shell holding company oversight. In this role, you will provide direction and oversight to team members throughout the work cycle, from assigning applications work, to providing guidance, to reviewing work products and providing assessments. You will also be proactively developing, directing, and leading short- and long-term strategies in support of timely and effective execution in the face of varying volumes of applications and enforcement work. On a broader strategic front, you will be part of the S+C leadership team and will be ensuring that your team aligns strategy and work processes to broader Reserve Bank and/or System-level directives, as well as represent the Reserve Bank at the System-level and to other external stakeholders.

Essential Responsibilities:

  • Manages and directs the activities of risk specialists and examiner staff that are engaged in Formations + Transactions work, Enforcement matters, and the Small Shell Holding Company Program in a risk-focused manner.
  • Oversees banking applications activities ensuring that applications are assigned and managed in a timely and effectively manner throughout the entire life cycle, from determinations to pre-filings to active applications, to formal actions on applications.
  • Assigns applications cases in a manner that balances short- and long-term business needs with staff development and consideration of complexity and impact of work relative to risk exposure.
  • Reviews and approves (as appropriate) internal memos and analyses and other supervisory communications drafted by staff, reviewing for accuracy and thoroughness, ensuring that communications represent the views of the Reserve Bank and System and adhere to all applicable Reserve Bank and System guidelines.
  • Builds and maintains collaborative and highly effective relationships within this Reserve Bank and across the System (BOG and other Reserve Banks) and with supervised institutions (Board of Directors, Senior Management, and external advisors).
  • Coordinates assignments of direct reports with the enforcement manager to ensure coverage of enforcement-related matters and escalation of issues in a timely and effective manner.
  • Reviews the ratings and risk assessments of small shell holding companies conducted by staff. Provides direction on supervisory strategy and reviews analyses and recommendations.

Requirements:

  • A bachelor’s degree is required; a major in business, economics, finance, accounting, or a related field is preferred.
  • Ten or more years of relevant experience in banking, financial industry, banking supervision, or an equivalent combination of education and experience; active commission issued by the Board of Governors of the Federal Reserve System or other federal agency is required.
  • Typically requires seven or more years of experience in managing/leading teams. Substantive “Examiner in Charge” work experience can substitute for formal people management experience.
  • Comprehensive and broad understanding of the banking industry and related supervision and regulation framework, including ability to use judgement and read and apply rules and regulations related to applications, enforcement, and supervision.
  • Proven ability to collaborate, build relationships, and influence individuals at all levels in an organization.
  • Ability to read and interpret financial and non-financial information, including Board and Senior Management reporting, audit reports, and key risk metrics.
  • Ability to conduct analyses and budget resources and/or staffing as directed by Reserve Bank or System mandates.
  • Advanced written and verbal communication skills.
  • Some travel required and will vary depending on the location of the successful candidate (10-25%).
  • This position requires access to confidential supervisory information, which is limited to “Protected Individuals.” Protected Individuals include, but are not limited to, U.S. citizens and U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization, and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so or who will sign a declaration of intent to apply for naturalization before they begin employment.

#LI-Hybrid

Base Salary Range: Min: Min: $155,700 Mid: $202,200 Max: $248,700 (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.

We offer a wonderful benefits package including: Medical, Dental, Vision, Pre-tax Flexible Spending Account, Backup Child Care Program, Pre-Tax Day Care Flexible Spending Account, Paid Family Care Leave, Vacation Days, Sick Days, Paid Holidays, Pet Insurance, Matching 401(k), and Retirement/Pension.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. 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.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Bank Examination

Work Shift

First (United States of America)

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.

Job Tags

Holiday work, Permanent employment, Full time, Temporary work, Part time, Work experience placement, Flexible hours, Shift work,

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