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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

SUMMARY

The Business Line Risk Manager serves as the business line's primary risk support function for lines of business within Global Capital Markets (GCM) organization. GCM is a large and critical group within Wealth, Corporate, Commercial, and Institutional Banking (WCIB) which focuses on capital solutions and financial products to support U.S. Bank customers. Desired background/experience includes structured products, asset-backed securitizations and/or collateralized loan obligations and also Basel III and Basel Endgame regulations pertaining to wholesale assets and securitizations.

RESPONSIBILITIES

Serves as a functional primary liaison between the line of business and the lines of defense. 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 and 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.

Responsible for ensuring the completion of adequate risk assessments associated with projects such as new or expanded products, new technologies, new third-party relationships, and strategic initiatives. Expected to oversee and manage these projects to ensure adequate due diligence is performed and timely completion achieved.

Additional responsibilities include:

- Assessing and managing risk framework including determining all material risks and respective primary controls

- Consulting and assisting with strategic business initiatives and projects

- Researching, proposing, and implementing process enhancements to better mitigate risk and add efficiencies

- Coordinating and managing audits and exams from 2nd line, 3rd line, and external regulators

- Coordinating with Risk Programs teams to ensure effectiveness and compliance with programs including: Third Party Risk Management, Models and Tools, Regulatory Compliance, Credit Risk, and Technology and Data Risk

- Completion of adequate risk assessments associated with projects such as new or expanded products, new technologies, new third-party relationships, and strategic initiatives.

REQUIRED

- 8+ years of applicable experience

- Bachelor's degree or equivalent work experience

PREFERRED

- Knowledge and/or background with Structured Products including asset-backed securities or collateralized loan obligations.

- Knowledge and/or background with Basel III regulations pertaining to Wholesale assets and securitizations

- 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, PowerBI or Power Automate

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .

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 (some may vary based on role, location or hours):

+ 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

E-Verify

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: $111,605.00 - $131,300.00 - $144,430.00

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

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