The Federal Reserve Bank of San Francisco (FRBSF) 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 FRBSF's Financial Institution Supervision and Credit (FISC) Division supervises financial institutions and service providers to financial institutions in the western United States. Our mission is to ensure a safe, sound, and accessible financial system. Under delegated authority from the Board of Governors, the FRBSF provides regulatory oversight of Mitsubishi UFJ Financial Group's (MUFG) U.S. operations as part of the Large Foreign Banking Organization Program. MUFG is headquartered in Tokyo, Japan and is one of the largest banking organizations in the world. Its U.S. operations include significant commercial banking, investment banking, brokerage, and asset management activities.
This role will provide a qualified individual with an exciting opportunity to serve on the FRBSF's dedicated supervisory team at MUFG. As the Financial Resiliency Manager, you will play a key role in the execution of a strong supervisory program at MUFG.
As part of the Large Foreign Banking Organizations (LFBOs) program, you will report directly to the MUFG Central Point of Contact. In this role, you will manage a team of risk specialists and commissioned examiners responsible for assessing MUFG's capital positions and planning and liquidity positions and planning. As well, the Financial Resiliency team will contribute to the assessment of governance and controls under the Federal Reserve's Large Financial Institutions Ratings Framework.
In addition to managing this team, the role also requires direct individual contributions. Specifically, the Financial Resiliency manager will lead critical team processes, such as annual supervisory assessments and supervisory planning, lead supervisory reviews (e.g. target examinations and participations), and participate in supervisory activities conducted by other dedicated team members. The manager will need to make informed judgments about the firm's safety and soundness, resiliency, resolvability, and compliance with laws and regulations. As such, a deep understanding of the Consolidated Supervision Framework for Large Financial Institutions outlined in SR Letter 12-17 is required. The Financial Resiliency Manager should also be familiar with the new Large Financial Institutions (LFI) Ratings Framework outlined in SR Letter 19-3, as well as applicable proposed guidance, since these are key responsibilities of the manager on the dedicated supervisory team. This position provides a forward-thinking individual an opportunity to help build, direct, and lead a team of three to four direct reports in a fast-paced environment, where the FR's LFI rating system and supervisory approaches are evolving in alignment with SR Letter 12-17.
This is a rotational position of generally five years with the expectation that you would remain in the role for a minimum of three years.
* Own the final assessments of the FR's financial resiliency pillars of Capital and Liquidity, and use knowledge of relevant areas of the firm and results of supervisory reviews to draw sound conclusions and support an overall rating
* Develop and execute a strong supervisory program over capital positions and planning and liquidity positions and planning in accordance with the LFBO Management Group's program requirements
* Define, direct and conduct ongoing risk-focused supervisory activities, including leading routine meetings with key MUFG management, to develop a deep and broad understanding of the firm's strategies, risks and risk management practices
* Lead critical team processes including aspects of the annual supervisory assessment and supervisory planning
* Facilitate open and timely communication with firm management and other key stakeholders (e.g. District management, LFBO MG, BOG, OCC, FDIC, SEC, CFPB, and FINRA, among others) to ensure consideration of the broadest possible perspectives on supervisory issues
* Manage team activities aimed at identifying material risks, assessing risk management practices, and producing well-supported safety and soundness conclusions
* Ensure high quality and timely completion of required supervisory work products and perform quality control to ensure compliance with local policies/procedures and System requirements
* Promote staff development by establishing clear performance goals, providing frequent constructive feedback, and supporting professional talent development
* Interpret regulatory guidance and evaluate the potential impact on the firm's safety and soundness
* Provide coverage during MUFG CPC absences
* Manage ad-hoc projects, when assigned
* An applicant for employment 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 administration, finance, economics, or other related field is required; advanced degree is preferred
* An active examiner commission from a federal or state banking supervisory agency or the relevant experience and training required for entry into Interim Examiner Commissioning Program for Large Financial Institution Supervision
* Ten or more years of direct supervisory or comparable banking, financial industry experience
* Solid working knowledge with the Federal Reserve's Consolidated Supervision Framework for Large Financial Institutions
* Strong written and verbal communication skills
* Advanced analytical skills and the ability to apply and explain complex regulatory concepts
* Experience evaluating a variety of risks facing complex financial institutions, and the ability to identify prudent practices for managing those risks
* Capacity to pursue multiple initiatives at the same time and deliver superior results with minimal to no supervision
* Managerial experience is preferred with an emphasis on (1) staff development: provide balanced feedback, mentor team members and support their long-term development and (2) team leadership: motivate the team and set a clear strategy aligned with System and Division supervisory objectives
* Ability to travel at least 40 percent
In addition to core technical competencies described above, the successful candidate must possess the following critical behavioral competencies (among others).
* Leadership: Regularly solicits input from team members to involve them in decision-making; delegates and gives team members the autonomy to do what they think is right; creates a shared vision and effectively facilitates team behavior
* Critical Thinking: Supports organizational goals by providing new insights based on "out of the box" thinking; integrates external marketplace practices and trends to develop new solutions and strategies
* Accountability: Introduces diverse metrics to enable measurement of performance and progress; has difficult conversations with others who are not upholding standards, regardless of position/seniority
* Collaboration: Reaches out and shares ideas and experiences with colleagues to understand the potential impact of team activities; incorporates diverse viewpoints into their team and project plans to generate solutions
* Development: Takes on new opportunities or projects to support own development goals; actively mentors other colleagues, providing ongoing and frequent coaching and advice
* Influence: Builds authentic, respectful relationships with individuals across all levels of the organization; identifies and engages with multiple and diverse contacts outside the decision-making chain (experts, third parties) who can help strengthen and advance ideas or proposals; draws on network or relationships to build coalitions in support of the best ideas
The Federal Reserve Bank of San Francisco is an Equal Opportunity Employer.**
Organization: **Federal Reserve Bank of San Francisco*
Title: Financial Resiliency Senior Manager - MUFG Supervisory Team
Location: CA-San Francisco
Requisition ID: 261091
Other Locations: CA-Los Angeles, UT-Salt Lake City