Enterprise Risk Management, Sr. Assoc.

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, housing associates, 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. ERM's goal is to provide an enterprise-wide operational risk framework and centralized oversight and governance. Additionally, the role will ensure key 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 position will support risk reporting, issue and event management, process mapping and design, records management, compliance testing, compliance training and risk and control assessments. 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 operational risk management framework. The role will be an integral part of an expanding risk management team that encourages creativity, leadership, and influence.

Major Accountabilities:

• Partner with Business Units to identify and monitor operational and compliance risks and risk metrics. Identify and report on emerging issues, changes in the internal and external environment, new strategies and initiatives, and changes in Bank operations that could increase risks and affect the Bank's risk profile.
• Drive compliance assessments with Federal Housing Finance Agency (FHFA) regulatory obligations, requirements, and expectations, including but not limited to, gap assessments for new rules and oversight of the regulatory compliance inventory.
• Assist in identifying, measuring, and assessing operational and compliance risks, control effectiveness, and compliance requirements through Operational Risk Assessments (ORAs) and Risk and Control Self-Assessments (RCSA).
• Assess controls, identify issues, and provide recommendations to enhance effectiveness based on best practices and supervisory guidance.
• Help assemble and curate Management and Board Risk Committee meeting materials.
• Manage operational and compliance Key Risk Indicators (KRIs) and make recommendations on additional risk and performance metrics to better monitor changes in the risk environment.
• Support the Operational Event Reporting (OER) Process, which includes monitoring policy and procedures, performing investigations of incidents for completeness and root cause analysis, and monitoring the status of remediation.
• Support the compliance and operational issues tracking process which includes maintaining inventory of operational issues, assigning each issue to a category, assessing issues for any trends or patterns, and reporting to the Enterprise Risk Committee (ERC) and the Board as appropriate.
• Manage and monitor the status of third-party risk assessments.
• Write and present clear and concise risk assessments/presentations containing meaningful observations and recommendations/conclusions, and document procedures performed.
• Resolve problems through in-depth evaluation of business processes, system processes, and enterprise policies and procedures.
• Participate in relevant working groups.
• Administer the compliance training program to ensure effective management and coordination.
• Support records management initiatives.
• Assist in preparing monthly operational risk reporting and presentation of materials to the ERC.

• Help facilitate FHFA examinations.

In addition, you may be asked to complete the following tasks:

• Assist the Director of Compliance Risk Management and the Managing Director of ERM in ERM strategy-implementation and improvement opportunities.
• Complete, support, and report on remediation work related to any internal and external audits and exams.
• Assist in regulatory and internal audit engagements, including gathering of relevant documentation related to internal and external exams.
• Work with the Data Science team to help embed data-driven metrics and decisions within ERM.
• Help with the enhancement of the ERM frameworks and assist in aligning the function with industry leading practices, including risk appetite, operational risk, policy and procedures, risk taxonomies, and reporting.
• Help assess enterprise and emerging risk issues, including assignment of risk ratings consistent with established policy standards.

Critical Competencies:

• 3-5 years of experience in enterprise or operational risk management at a financial institution.
• Prior experience with Workday, ServiceNow and LogicGate.
• Must have expert working knowledge of principles and practices of risk management, knowledge of Bank-wide risk management systems and best practice internal control environments.
• Experience with credit process management or oversight including end-to-end credit or related workflows and streamlining related policies and procedures.
• Strong analytical and communication skills, both written and verbal.
• A commitment to a growth mindset.
• Ability to be in the SF office three days per week (Tuesday, Wednesday, and Thursday) at minimum.
• Ability to organize, prioritize, and complete multiple tasks in a high paced environment.
• Must have excellent interpersonal skills to work in a team environment and to influence and interface with a broad range of stakeholders at all levels, both internal and external.

SALARY RANGE: $120K - $130K

The Federal Home Loan Bank of San Francisco is an Equal Employment Opportunity employer and is committed to a diverse workforce. We value and actively seek to recruit, develop, and retain individuals with varied backgrounds and experiences reflecting the full diversity of the communities that we serve. It is the policy of the Bank to comply with all applicable laws concerning the employment of persons with disabilities.

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.