Job DescriptionThe Independent Risk Review and Assessment (IRRA) organization in Risk Management & Compliance (RM&C) serves as U.S. Bank's independent second line of defense, providing objective assessments of the effectiveness of the Bank's Risk Management framework across credit, compliance, and operational risks.
The Independent Assessment and Modernization team within the IRRA Program Office is seeking an Independent Assessment Lead Analyst to lead and execute complex, ad hoc independent evaluations that compare current Bank practices to regulatory guidance, including guidance received through non-traditional channels. This role operates with a high degree of autonomy and is accountable for assessment quality, regulatory interpretation, and contribution to IRRA modernization initiatives. The Lead Analyst partners closely with IRRA leadership and stakeholders while providing guidance to Analysts.
Key Responsibilities:
- Lead independent assessments evaluating Bank practices against regulatory expectations, supervisory communications, and emerging guidance.
- Interpret complex and evolving regulatory guidance, including non-traditional sources, and translate it into clear assessment criteria.
- Design assessment scope, testing approaches, and documentation aligned to IRRA standards and regulatory expectations.
- Identify control, governance, and risk management gaps; lead root cause analysis and develop independent assessment insights.
- Provide guidance, coaching, and feedback to Analysts, ensuring consistency and adherence to IRRA standards.
- Manage multiple assessments and modernization initiatives simultaneously, prioritizing work based on evolving organizational goals and risk priorities with limited direction.
- Contribute to operational excellence and modernization efforts that improve review efficiency, consistency, and effectiveness.
Basic Qualifications
- Bachelor's degree, or equivalent work experience
- Typically more than six years of relevant professional experience in risk management, compliance, audit, or related disciplines.
Preferred Skills/Experience
- Experience leading or significantly contributing to independent assessment, including process and/or control testing, and project management.
- Strong understanding of financial services, applicable laws and regulations, and regulatory trends.
- Advanced knowledge of business line operations, products, systems, and associated risks.
- Demonstrated ability to work independently with minimal guidance while collaborating effectively across teams.
- Strong analytical, critical thinking, and problem-solving capabilities.
- Excellent written, verbal, interpersonal, and presentation skills.
- Proficient with Microsoft Office tools, particularly Excel.
- Relevant professional certifications (e.g., CRCM, CAMS, CIA) preferred.
Location expectations This role requires working from a U.S. Bank location listed 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. 
