The Supervision + Credit 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.
Right now, we have a phenomenal opportunity to add a Sr. IT Risk Specialist - Technology Service Provider Supervision to our "Significant Service Provider" team for the Visa organization. Visa is one of the largest, most complex providers in our portfolio.
Our ideal candidate is part IT auditor, part bank examiner with a depth in IT and Cybersecurity risk policy and governance. In this high profile, critical role you will help craft the strategy and set the priorities for the Visa work. You will present to leaders at all levels in our organization (local SF Fed as well as our Board of Governors). If you would like to work on one of our largest, most complex entities and gain visibility in the Federal Reserve System, this could be the job for you!
You will be primarily responsible for leading and participating in the supervision of SSPs, preparing, reviewing, and implementing risk-focused supervisory activities applying the Federal Financial Institutions Examination Council's IT Examination Handbook (https://ithandbook.ffiec.gov/).
Supervisory activities involve onsite and offsite examinations and ongoing monitoring, conducted through meetings with companies' management and review of management reports and third-party assessments. Through effective oversight of SSPs, you will help ensure that operational and cyber resilience concerns that could impact a broad range of financial institutions are identified and remediated in a timely manner. You will interact closely with counterparts in other Federal Reserve districts and at other FBAs that share responsibilities for SSP supervision. You will also add to the SF Fed's broader Service Provider Team priorities and the Large Institutions Supervision strategy.
This position reports to the Service Provider Team AVP and is subject to a 5-year rotation.
Essential Responsibilities:
Serve as the Federal Reserve's Deputy Central Point of Contact (CPC) for Visa:
Add to Federal Reserve System's SSP Supervisory Priorities:
Requirements:
Helpful, but not required:
#LI-Hybrid
Base Salary Range: Min: $155,700 Mid: $205,600 Max: $255,300 (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 conflict of interest rules and personal investment restrictions.
Full Time / Part TimeFull timeRegular / TemporaryRegularJob Exempt (Yes / No)YesJob CategoryBank ExaminationWork ShiftFirst (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.