What are the responsibilities and job description for the Lead Specialist Examiner, LIS Credit Risk position at Federal?
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. As part of the nation's central bank, we are committed to understanding and serving the vibrant, expansive communities of the Twelfth District, which covers the nine western states of the U.S. That means we seek and appreciate new perspectives and build opportunities to learn and grow. At the SF Fed, we approach our work with integrity and a commitment to service.
The Wells Fargo and Co. (WFC) Dedicated Supervisory Team (DST) operates as part of the Federal Reserve's GSIB supervisory program. The GSIB program is designed to combine firm-specific, safety-and-soundness perspectives with a broader view of the industry to anticipate and mitigate threats to financial stability. A core component of the GSIB Program is the Capital Program which consists of core assessments of all areas of financial risk including wholesale credit risk, retail credit risk, and counterparty credit risk. The Capital Program is conducted through a range of supervisory activities, including firm-specific examinations, continuous monitoring events, coordinated interagency reviews, and supervisory issues follow-up.
The Lead Specialist Examiner, LIS Credit Risk position is an excellent opportunity to join the WFC DST on the Capital team! This role is responsible for leading ongoing monitoring activities and examinations that evaluate the effectiveness of credit risk management practices at WFC, including the remediation of credit and broader financial risk management weaknesses identified.
As our Lead Specialist Examiner you will assess and monitor credit risk holistically across wholesale credit, retail credit, and counterparty credit, and any increases in risk appetite and growth in wholesale and retail portfolios and business lines. You will also be considered a subject matter expert in this risk domain and will be responsible for the identification of material financial risk as outlined in the Statement of Supervisory Operating Principles (SSOP).
As a member of the DST, you will assess inherent risks, and associated risk management programs, through participation in on-site examinations and regular monitoring of business activities. The Lead Risk Specialist will work closely with DST and system colleagues to support GSIB 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
reflect the diversity and the ideas of the community we serve.
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. As part of the nation's central bank, we are committed to understanding and serving the vibrant, expansive communities of the Twelfth District, which covers the nine western states of the U.S. That means we seek and appreciate new perspectives and build opportunities to learn and grow. At the SF Fed, we approach our work with integrity and a commitment to service.
The Wells Fargo and Co. (WFC) Dedicated Supervisory Team (DST) operates as part of the Federal Reserve's GSIB supervisory program. The GSIB program is designed to combine firm-specific, safety-and-soundness perspectives with a broader view of the industry to anticipate and mitigate threats to financial stability. A core component of the GSIB Program is the Capital Program which consists of core assessments of all areas of financial risk including wholesale credit risk, retail credit risk, and counterparty credit risk. The Capital Program is conducted through a range of supervisory activities, including firm-specific examinations, continuous monitoring events, coordinated interagency reviews, and supervisory issues follow-up.
The Lead Specialist Examiner, LIS Credit Risk position is an excellent opportunity to join the WFC DST on the Capital team! This role is responsible for leading ongoing monitoring activities and examinations that evaluate the effectiveness of credit risk management practices at WFC, including the remediation of credit and broader financial risk management weaknesses identified.
As our Lead Specialist Examiner you will assess and monitor credit risk holistically across wholesale credit, retail credit, and counterparty credit, and any increases in risk appetite and growth in wholesale and retail portfolios and business lines. You will also be considered a subject matter expert in this risk domain and will be responsible for the identification of material financial risk as outlined in the Statement of Supervisory Operating Principles (SSOP).
As a member of the DST, you will assess inherent risks, and associated risk management programs, through participation in on-site examinations and regular monitoring of business activities. The Lead Risk Specialist will work closely with DST and system colleagues to support GSIB 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
- Lead or participate in supervisory activities to evaluate the quality and effectiveness of WFC's credit risk management practices related to wholesale credit, retail credit, counterparty credit and attendant credit models in relation to the inherent risks of WFC and supervisory expectations.
- Evaluate the effectiveness of WFC's credit risk framework across WFC's three lines of defense.
- Lead or participate in the development and execution of a supervisory strategy across a range of credit-related activities at the firm.
- Review management and risk reporting; conduct recurring analysis to guide supervisory assessments across the DST as well as the formulation of supervisory priorities.
- Plan and lead recurring meetings with firm senior management to understand key developments and identify emerging risks.
- Formulate comprehensive assessments covering credit risks; present complex, well supported supervisory findings... For full info follow application link.
reflect the diversity and the ideas of the community we serve.