Job Description

Partners with their assigned Line of Business, other Risk/Compliance/Audit (RCA) professionals, and RCA Managers to, depending on their function, create, implement, maintain, review, or oversee an effective risk management framework. Participates in projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations. Identifies gaps and inform solutions that minimize losses resulting from inadequate internal processes, systems, or human errors. Identifies, responds, and/or escalates risks as appropriate. Serves as a functional liaison between the Line of Business and the Lines of Defense.

Essential Duties of Position:
• Assist with developing compliance programs and processes that are effective, efficient, and sustainable; seek process improvements by re-assessing compliance functions and approaches.
• Comprehensively oversee the implementation and execution of business line controls to ensure effectiveness.
• Maintain awareness of supervisory enforcement actions, legislative updates, new/amended regulatory requirements, industry trend, and banking operations.
• Serve as a valued business partner, trusted advisor, and key contact for first line risk partners; exercise credible challenge and drive desired results.
• Proactively engage with first line risk partners to identify, assess, document, and mitigate potential risks via comprehensive, actionable, and informative assessments, including:
• Business/Product Change Risk Assessments (PRISM)
• Enterprise Compliance Risk Assessments (ECRA)
• Compliance Approval Tool Reviews (CAT)
• Participate in, credibly challenge, and oversee various stages of issues (vetting, severity, resolution plans, etc.) and escalate when needed.
• Regulatory Change Management (RCM) oversight, guidance, and escalation.
• Provide advice and oversight to Risk partners throughout audits and exams.
• Develop and produce management reporting for assigned compliance functions, as needed.
• Miscellaneous strategic initiative and project management support.

Basic Qualifications
- Bachelor's degree, or equivalent work experience
- Typically more than six years of applicable experience

Preferred Skills/Experience

- Advanced knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line(s) of business. Primary laws/regs include Reg. B/ECOA, Reg. E/EFTA, Reg. V/FCRA, Reg. Z/TILA, SCRA, TCPA, Reg X/RESPA, and UDAAP.

- Advanced knowledge of the business line's operations, products/services, systems, and associated risks/controls including Collections, Loss Mitigation, Foreclosure, Performing and REO.

- Thorough knowledge of Risk/Compliance/Audit competencies.

- Strong leadership and management skills of processes and projects

- Excellent written and verbal communication skills.

- Strong analytical, problem-solving and negotiation skills.

- Proficient computer skills (Microsoft Office applications).

-Experienced in building strong collaborative relationships with key stakeholders

This role requires working from a U.S. Bank location three (3) or more days per week.

Benefits:

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $98,175.00 - $115,500.00

Posting may be closed earlier due to high volume of applicants.