18 days old

Information Technology Risk Specialist

Federal Reserve Bank (FRB)
San Francisco, CA 94102
  • Job Code

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's (FRBSF) Department of Financial Institution Supervision and Credit (FISC) 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 its Information Technology (IT) Team. FISC supervises financial institutions in the 12th District. Our mission is to ensure a safe, sound, and accessible financial system. In this role, you will provide subject matter expertise in IT-related areas to FISC's Large Institution Supervision Group (LISG), which is responsible for monitoring and assessing the safety and soundness of large domestic banking institutions, U.S. operations of foreign banking organizations, and significant bank service providers in the District. These 12th District firms include Charles Schwab Corporation, Mitsubishi UFJ Financial Group, and Visa.

You will also participate in supervisory activities in other Districts across the Federal Reserve System (System), including a wide range of horizontal (cross-firm) reviews. In addition, you may conduct outreach activities and provide training within the supervisory community and to industry groups, as well as contribute to various System risk affinity, monitoring, and coordination groups, and the development of related supervisory strategies and examination procedures. As such, you will closely interact with numerous individuals throughout the supervisory community and executive management of supervised firms.

Position Summary

In this role, you will lead assessments and examinations over a spectrum of cybersecurity/IT-related topics (e.g., business resiliency, vendor risk management) to determine the effectiveness of a firm's IT risk management program and associated management information systems, and validate remediation efforts of identified issues. Also, you will participate in horizontal reviews in operational resiliency and technologies and risks (e.g., cybersecurity, cloud computing, data governance and artificial intelligence technologies).

You will have superb communication skills with the ability to explain complex IT/cybersecurity 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.


  • Lead or participate in risk-focused examinations at District's firms, providing written conclusions and findings for inclusion in supervisory reports.
  • Lead or participate in horizontal and out-of-District examinations in area of expertise to develop peer perspective.
  • Lead or participate in Federal Reserve System and local IT initiatives related to training, committees and contribute to the development of policies to enhance the supervision of financial firms.
  • 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.
  • 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 comprehensive, creative and agile 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 boards of directors.
  • Prepare and deliver written analyses and presentations on firm specific as well as broader industry trends or emerging risks.
  • Evaluate developments impacting firms' risk profile through analysis of internal risk management reports and interactions with institution management. Support an overall assessment of a firm's level of operational risk and risk management practices across the firm's enterprise IT environment.
  • Analyze information security and risk management programs to determine an estimated risk and potential impact to the financial institutions and financial services industry.
  • Identify emerging institutional, regional, economic, and industry issues and their potential impact. Maintain an awareness of potential changes to key rules, laws and regulations, and supervisory policies.
  • Maintain strong relationships and liaisons with FRS colleagues, institution management, and other regulatory agencies.
  • Contributing to System efforts to develop effective IT supervisory policy and guidance, supervisory activities, and IT analysis and thought leadership.
  • Provide coaching, training, and mentoring of less experienced colleagues.

Development Opportunities
  • Develop and maintain a sound understanding of industry trends, emerging issues and technologies, and peer risk management practices through attending formal training classes and relevant industry conferences, participating in a variety of assignments at diverse institutions, and participating in information sharing opportunities within the supervisory community.
  • Lead or participate in FRS-wide projects, workshops, and strategic initiatives.
  • As needed, provide expert commentary on proposed revisions to policy and procedures.
  • Pursue relevant professional certifications, as needed.

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.
  • 7+ years of direct or comparable banking, financial industry or experience in bank examinations at a regulatory agency, internal audit, or in conducting control assessments at a banking organization or consulting firm is desired. 10+ years' experience required if hired into higher level role.
  • Advanced knowledge of common frameworks such as FFIEC, NIST, and ISO desired.
  • Knowledge of, ability to evaluate, and/or willingness to learn, cybersecurity/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 with minimal supervision.
  • Domestic travel and overnight stays is required at approximately 30%, but could be more or less at any given time depending on one's assignment.
  • We are looking for a candidate who exhibits the following critical behavioral competencies: Leadership, Critical Thinking, Collaboration, Influence, Achievement and Innovation

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

Posted: 2020-03-15 Expires: 2020-04-13
Sponsored by:
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Sponsored by:
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Information Technology Risk Specialist

Federal Reserve Bank (FRB)
San Francisco, CA 94102

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