Strategic Initiatives Risk Consultant - Business Banking Product Support
About the position At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.
Job Description
Position Highlights Provide compliance and operational risk subject matter expertise to support product teams and strategic initiatives. Risk management for assigned products within business banking. Support new product development, product structure, rates/fees, and other related strategic initiatives Support CBB in an anticipatory posture related to the rapidly changing risk and compliance environment, while balancing process efficiencies and customer experience Operate independently within the CBB and enterprise risk framework, often with tight deadlines and multiple, concurrent projects Partner with business line leaders, product team, First Line and Second Line of Defense Risk subject matter experts Make informed risk decisions expeditiously to ensure consistent and timely risk support for the product teams. Provide risk expertise for complex change initiatives to ensure compliance with existing Risk policies Utilize existing enterprise risk management framework to ensure risk partners across the enterprise are engaged and informed, as needed (e.g., PRISM, CAT, TPRM, etc.). Navigate all risk approvals, as needed, including BCIQ, PRISM, and CAT. This may also include TPRM, EFCC, Model Governance, AI COE
Responsibilities
- Provide compliance and operational risk subject matter expertise to support product teams and strategic initiatives.
- Risk management for assigned products within business banking.
- Support new product development, product structure, rates/fees, and other related strategic initiatives
- Support CBB in an anticipatory posture related to the rapidly changing risk and compliance environment, while balancing process efficiencies and customer experience
- Operate independently within the CBB and enterprise risk framework, often with tight deadlines and multiple, concurrent projects
- Partner with business line leaders, product team, First Line and Second Line of Defense Risk subject matter experts
- Make informed risk decisions expeditiously to ensure consistent and timely risk support for the product teams.
- Provide risk expertise for complex change initiatives to ensure compliance with existing Risk policies
- Utilize existing enterprise risk management framework to ensure risk partners across the enterprise are engaged and informed, as needed (e.g., PRISM, CAT, TPRM, etc.).
- Navigate all risk approvals, as needed, including BCIQ, PRISM, and CAT. This may also include TPRM, EFCC, Model Governance, AI COE
Requirements
- Bachelor's degree, or equivalent work experience
- Typically more than eight years of applicable experience
- Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business
- Considerable understanding of the business line’s operations, products/services, systems, and associated risks/controls
- Thorough knowledge of Risk/Compliance/Audit competencies
- Strong analytical, process facilitation and project management skills
- Effective presentation, interpersonal, written and verbal communication skills
- Effective relationship building and negotiation skills
- Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases, and presentations
Nice-to-haves
- Applicable professional certifications
Benefits
- 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
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