AVP, Formations + Transactions, Enforcement, and Small Shell Holding Companies

The Supervision + Credit group (S+C) 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 FTE & SSHC unit is responsible for assessing applications and notifications filed by state member banks, bank and financial holding companies, savings and loan holding companies, and international organizations subject to SF Fed supervision. Additionally, our team is responsible for all supervisory enforcement related activities that pertain to the institutions in our District, and supervision of our small shell bank holding company portfolio in the District.

Right now, our team has a phenomenal and rare opportunity for an Assistant Vice President! In this important role, you will have the opportunity to apply your range of supervisory, legal, and outstanding relationship building skills to create strong relationships across the Federal Reserve System and with outside partners (FDIC, OCC, and the Board of Governors), and engage with industry partners. You will be able to flex your staff development muscles, to coach and prepare your team of senior managers and risks specialists to take their careers to the next level. We are also looking for a problem solver who leads with an innovative and empowered approach to solving sophisticated issues.

Essential responsibilities:

• Develop and lead team strategy to ensure operations and areas of focus are aligned with System and Bank objectives.

• Provide thought leadership at a local and System level, as applicable, as it relates to the team's core functions [Mergers & Applications, Enforcement, and Small Shell Holding Companies]
• Formally act on all banking applications received by the SF Fed, ensuring work products are fully consistent with legal, regulatory, and other standards, and meet applicable mandates and Board-delegated responsibilities.
• Lead the supervisory enforcement activities, ensuring strong collaboration with key Group, Bank, System, and external regulatory partners.
• Lead the CBO small shell holding company activities, ensuring our program includes strong oversight and controls, and meets Board established expectations and mandates.
• Maintain a strong pipeline of knowledge for the function through coaching and development of team members.
• Contribute to the development and accomplishment of S+C's strategic goals and objectives and provide meaningful contribution and leadership on S+C governance teams.

Requirements:

• Typically requires twelve or more years of relevant experience.
• Typically requires eight or more years of progressive people and business management experience. Substantive "Examiner in Charge" experience can substitute for formal people management.
• Bachelor's degree, preferably in finance, accounting, economics, business, or a related field of study, or equivalent work experience.
• Experience as a financial services supervisor, lawyer, or banker with a demonstrated focus on bank regulatory review of M&A and general knowledge of nontraditional (e.g. FinTech related) business models.
• Familiarity and experience with the relevant applications provisions of the Bank Holding Company, the Federal Reserve Act, the Bank Merger Act and the Foreign Bank Supervision Enhancement Act and related regulations (Regulations H, Y and K) or similar regulatory regimes.
• Familiarity with bank supervisory practices and regulations, including safety and soundness, consumer compliance, and Community Reinvestment Act (CRA) examinations.
• Willing and able to travel up to 10%.
• 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: $221,000 Mid: $292,000 Mid: $362,000 (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.

Due to the nature of access to sensitive information all final offers are subject to the clearance of an enhanced background check. This enhanced screening will require the following items: academic and employment verifications, FBI fingerprint check (criminal and civil cases), credit check, family history, residential records and foreign travel for the previous 7 years, citizenship verification, reference checks, and personal interview with an investigator and can take between 21 - 60 days to clear.

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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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