Enterprise Risk Management, MD

Job Description:

Background:

The Federal Home Loan Bank of San Francisco (“Bank”) is a cooperative, wholesale bank that provides liquidity to its members and helps meet community credit needs by providing credit products and services to member financial institutions through all phases of the economic cycle.  The Bank’s members include commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions headquartered in Arizona, California, and Nevada. The Bank is member focused; embraces accountability to meet commitments and uphold our governance, risk, and control standards as a government sponsored enterprise; and values differences to foster an inclusive culture.

The Enterprise Risk Management Department (“ERM”) is looking for a risk professional to support the Bank in maturing our risk management practices.  Our goal is to provide an enterprise-wide risk framework and centralized oversight and governance, and to drive greater transparency and inform risk-based decision-making across the Bank.  Additionally, the role will ensure key ERM and Operational Risk processes including identification, assessment, monitoring, management, and reporting of risks appropriately align with risk appetite, capacity, and tolerance levels established by governance.

Success in this role entails working closely with the business units to socialize risk concepts, frameworks and promote the organizations’ risk culture, including education and training.  Additionally, this role must have the ability to adapt previous experience and industry leading practices to fit the Bank.  The position also partners with functional and operational leadership in the development of risk mitigation plans, consistent with the Bank’s enterprise risk management framework.  The role will be an integral part of an expanding risk management team that encourages creativity, leadership, and influence.  You are expected to have a significant impact and influence in bank-wide strategic decision-making, and to support our mission through risk-based and data-driven decision making.

Major Accountabilities:           

• Assist the Chief Risk Officer and the Enterprise Risk Officer in setting ERM strategy and identifying improvement opportunities;
• Be a key point-person for regulatory and internal audit engagement and assist in developing responses for  internal and external exams;
• Assist in closing any current gaps within ERM, and help strengthen the Bank’s operational risk framework;
• Work with the Data Science team to help embed data-driven metrics and decisions within ERM;
• Interface with IT and Information Security, to ensure proper coverage of associated risks;
• Manage the identification and assessment of enterprise risks, including, but not limited to, strategic, operational, and key initiative risks;
• Work with the appropriate functional risk units and project teams to balance risks with rewards, and help in developing action plans, which enhance the probability that desired objectives will be achieved;
• Lead the development and enhancement of the enterprise risk management framework, and ensure the frameworks align with industry leading practices, including risk appetite, operational risk, policy and procedures, risk taxonomies, and reporting;
• Identify, evaluate, and escalate issues that conflict with the Bank’s risk tolerances, and help develop KRIs for each business unit;
• Ensure control validation methodologies are effective and sustainable and provide meaningful information for residual risk levels, issue/action plan recommendations and risk appetite/enterprise risk reporting.
• Gather feedback on mitigating controls and risk appetite from leadership, monitor risk management activities, and prepare enterprise risk reports for the Board of Directors;
• Drive the risk assessment process associated with strategic decisions across the enterprise and emerging risks to ensure that enterprise risks are monitored as conditions change;
• Establish collaborative relationships with key business owners, and assist in the development, assessment, and monitoring of mitigation plans for enterprise risks so that risks are managed to an acceptable level.

Other responsibilities:

• Be an advocate, subject matter expert, and resource for the organization with respect to ERM-specific policies and procedures, and drive awareness and understanding of enterprise-wide risks;
• Identify and assess enterprise and emerging risk issues, and assigns risk ratings consistent with established policy standards;
• Strategic awareness with the capacity to take a whole understanding of the business while maintaining tactical views of the business units;
• Subject matter expertise in areas of Risk Management, including process assessment and design, and process mapping and risk assessments;
• Escalate significant risk issues to the appropriate risk committees, and monitor corrective actions to address issues, where needed;
• Assist in recruiting, mentoring, and developing current and future staff.

Critical Competencies:

• A minimum of 10 years relevant experience; management experience through project leadership and group task management;
• A team player who can comfortably work in a dynamic and fast-paced environment, and ability to respond to changing circumstances;
• Ability to interact with senior management while balancing multiple projects and other responsibilities.
• Experience with leveraging GRC platforms (such as Archer, ServiceNow, and LogicManager);
• Ability to take ownership of projects and deliver high-quality results;
• Regulatory experience with the Federal Housing Finance Agency is a plus;
• Strong attention to detail with a proactive approach to solving and preventing problems;
• Ability to work under deadlines and manage multiple priorities;
• Excellent organization, project management, and prioritization skills;
• Excellent interpersonal skills to work in a team environment and to influence and interface with a broad range of stakeholders at all levels, internal and external.

Salary Range $245K - $295K

The Federal Home Loan Bank of San Francisco is committed to the principles of equal opportunity in employment (e.g., employees, applicants) and in contracting (e.g., suppliers, vendors) regardless of race, color, religion, sex, national origin, disability status, genetic information, age, sexual orientation, gender identity, status as a parent, or any other characteristic protected by law. We are committed to cultivating a workplace free of unlawful discrimination, harassment, and retaliation, and are dedicated to fostering vibrant communities by serving as a reliable source of liquidity and resources for affordable housing and economic development.

Salary ranges reflect the base salary that the Bank reasonably expects to pay for a given role and is not inclusive of annual incentive award opportunities, retirement benefits or the value of other health and welfare or other ancillary benefits. We consider many factors when determining base salaries such as individual background and experience, the competitive environment, education, particular skill set(s), and industry and institutional knowledge.

The Bank is committed to offering all team members challenging and engaging work with market competitive pay, retirement, and benefit offerings. In support of this commitment, the Bank routinely engages in market competitive benchmarking surveys and analysis to ensure our team members continue to be paid fairly and competitively.