Job DescriptionThe Compensation Risk Program is responsible for operationalizing several key risk management components of U.S. Bancorp's compensation system. These components include, but are not limited to, identifying material risk takers, ensuring risks are assessed for Business Line Incentive Plans, administering incentive compensation balancing methods, communicating and training constituents, facilitating strong governance, and validating and back testing Business Line Incentive plan balancing feature design and operational effectiveness.
This position is responsible for:
- Performing validation and back testing of Sales & Referral Campaigns, Volcker Compensation Requirements, Business Line Incentive Plans and the Corporate Risk Scorecard process. Validation and back testing may include a full range of risk, however, this position is focused on those testing with a moderate level of complexity.
- Monitoring Executive Compensation Exception and Retention. Assist in the review of outstanding business line plan remediation plans identified during validation and back testing
- Assisting in the annual review of business line plan risk and balancing feature information to complete the annual business line plan risk assessment. Representing Incentive Compensation Risk in business line plan renewal annual project. This will include:
- Attending project meetings and representing interests of Incentive Compensation Risk
- Helping to identify and then documenting required changes to the system of record.
- Performing User Acceptance Testing (UAT) for requested system changes.
- Participation in renewal of required process documents and training decks reviews.
- Assist in developing Incentive Compensation Risk program training, communications and presentation materials, including those used for key processes. Conduct Quality Control and, when identified, Quality Assurance of training, communication and presentation materials.
- Audiences include Senior Operating Committee(s), Board of Directors, Chief Risk Officers, Senior Managers and program participants.
- Constituents include team members, Human Resources subject matter experts, Second Line of Defense subject matter experts, and support groups including Corporate Communications.
- Channels include: formal presentations (live and recorded), guidance documents, email communications and other written forms of communication.
- Maintain key documents for the Program, including procedures and other key evidence.
- Maintain the Program's established Sharepoint site, including periodic updates based on program enhancements.
- Assist in the administration of Corporate Risk Scorecard communications
- Monitor, maintain and administer the Program's shared mailbox. This will include researching and responding to inquiries, especially during the last quarter of the year, when volumes increase due to Program activities.
- Other projects and responsibilities assigned by management.
- Relationship building with key constituencies within and outside Human Resources.
Basic Qualifications- Bachelor's degree, or equivalent work experience
- Three to five years of applicable experience
Preferred Skills/Experience- Thorough knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business
- Thorough understanding of the business line's operations, products/services, systems, and associated risks/controls
- Thorough knowledge of Risk/Compliance/Audit competencies
- Strong process facilitation, project management, and analytical skills
- Excellent presentation, interpersonal, written and verbal communication skills
- Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases, and presentations
- Applicable professional certifications preferred
Location ExpectationsThis 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: $81,515.00 - $95,900.00
Posting may be closed earlier due to high volume of applicants. 
