Enterprise Risk Management, MD

Federal Home Loan Bank of San Francisco•San Francisco, CA

3d•$245,000 - $295,000

About The Position

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.

Requirements

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
Ability to take ownership of projects and deliver high-quality results
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

Nice To Haves

Experience with leveraging GRC platforms (such as Archer, ServiceNow, and LogicManager)
Regulatory experience with the Federal Housing Finance Agency is a plus

Responsibilities

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
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