The U.S. Bank Subsidiaries seek a Vice President (VP) to join the First Line Business Risk team to provide risk oversight for the U.S. Banks Deposits and Cash Management (DCM) business unit. The VP will lead and mature the dedicated Business Risk coverage of Bank Deposit products - i.e. BDP Sweeps, Savings, and Term Deposits, and partner with embedded risk teams and key stakeholders to drive consistent monitoring and escalation across core risk frameworks (e.g., Issues/Action Plans, Operational Risk Incidents, Metrics, Reporting, Risk Assessments). The individual will work with management, the U.S. Bank businesses, and Risk partners to execute key initiatives and projects while ensuring compliance with U.S. Banks risk management policies and procedures. The VP U.S. Banks Business Control Unit Officer will be responsible for the following: Job Responsibilities: • Execute First Line of Defense (FLOD) oversight across deposit products (Sweeps, Savings, Certificates of Deposit, Term Deposits), ensuring risks are identified, assessed, monitored, and reported. • Lead execution of core Bank risk frameworks including RCSA/NFRA, issue and incident management, and control effectiveness monitoring, maintaining accurate documentation in firm systems (e.g., iNFRA, OpenPages). • Partner with stakeholders across all three lines of defense (BU, Operations, Technology, Compliance, 2LOD and Internal Audit) to ensure proactive, consistent, and effective risk management practices. • Support new products and change governance (NPA/SMA), ensuring appropriate risk and control coverage. Identify, measure, monitor, and report current and emerging risks, maintaining a robust control environment aligned to regulatory expectations. • Support operational risk incident and issue management, including identification, tracking, and ensuring timely remediation with clearly defined action plans, owners, and due dates. • Attend management meetings and governance forums to monitor operational risk across products and services, providing insights and credible challenge. • Confirm effective management information systems (MIS) and KPI/KRI metrics are in place to identify, monitor, and escalate risks across deposit products. • Implement and maintain written procedures to ensure consistency, control effectiveness, and compliance with regulatory and Bank expectations. • Prepare and deliver risk reporting and management information (e.g., dashboards, scorecards, governance materials) to support senior management and committee oversight. • Track deliverables and ensure deadlines are met across risk, control, and governance activities. • Manage, coach, and support junior team members, fostering a strong risk and control culture. Qualifications: • Minimum 8-10 years of professional experience in financial services, preferably in risk management, compliance, audit, or finance within a highly regulated environment. • Experience supporting deposit products, cash management, or payment-related activities and associated risk frameworks. • Experience with risk assessments (RCSA/NFRA), issue management, process documentation, and/or analytics/reporting is preferred. • Bachelor's Degree in Finance, Accounting, Economics, or a related field (Preferred). • Project Management experience and ability to manage multiple workstreams and stakeholders. • Experience interacting with regulators or supporting audits/exams is a plus. Required Skills: • Ability to work in a fast-paced, high-demand environment and manage multiple priorities effectively and independently. • Strong analytical, quantitative, and critical thinking skills with attention to detail. • Strong interpersonal, verbal, and written communication skills with ability to present to senior stakeholders. • Strong risk management capabilities including governance, reporting, control design, and audit/regulatory support. • Ability to translate complex processes into clear documentation with defined risks and controls. • Experience with KPI/KRI metrics, dashboards, and data-driven risk monitoring. • Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint). • Strong sense of ownership, accountability, and ability to influence cross-functional teams. Expected base pay rates for the role will be between $110,000 and $190,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.