Operational Risk Review Lead Analyst

U.S. Bank • Minneapolis, MN

15h • Onsite

About The Position

U.S. Bank is seeking an Operational Risk Review (ORR) Lead Analyst ("Lead Analyst") responsible for the execution of review activities within Independent Risk Review and Assessment (IRRA), a centralized second line of defense independent review function. This role offers an exciting opportunity to drive the continued growth, enhancement, and delivery of IRRA’s operational risk review program. ORR provides risk-based review and effective challenge of the Company's operational risk (inclusive of technology risk), and operational risk-related processes and controls associated with the products and services offered across all business lines and enabling functions. Based on the Company's enterprise risk taxonomy, in-scope operational risk categories include: Fraud, Operations, People, Security of Physical Assets, Third Party, Business Resiliency, Systems, Cyber/Information Security, Legal, Model, Conduct, Data Management, and Fiduciary. Objective risk mitigation, process, and control review activities include planning and scoping, design and execution, reporting and rating, and Issue creation and validation. Key roles and responsibilities of the ORR Lead Analyst include working with business lines and other Risk, Compliance, and Audit professionals across the Company to evaluate processes and controls to ensure an effective risk management framework. The Lead Analyst is responsible for leading and executing projects and/or activities that confirm compliance with applicable federal, state and local laws and regulations, and is responsible for the identification of control and process weaknesses through review activities. If gaps are identified, the Lead Analysts will work with the ORR Manager to partner with the business line and Risk Management groups to recommend and influence solutions that mitigate operational risks. Further, the Lead Analyst is responsible for effective verbal and written communication of review results to the ORR Team Lead and/or Manager, and will respond to and/or escalate significant risks as appropriate. The ORR Lead Analyst must demonstrate critical thinking, deliver effective project management, develop detailed and organized review materials, and engage in collaborative partnerships. While not a people manager, the Lead Analyst is responsible for coordination and oversight of review activities which may include coaching, feedback, etc., specific to the work completed by supporting Analysts.

Requirements

• Bachelor's degree, or equivalent work experience
• Typically more than six years of applicable experience

Nice To Haves

• Advanced knowledge of operational risks, including but not limited to Fraud, People, Third Party, Legal, Model, and Conduct, as well as industry trends that impact Bank operations.
• Advanced Risk, Compliance, and Audit competencies.
• Advanced understanding of the business line’s operations, products, services, systems, and associated risks.
• Strong business acumen and credibility to help business line(s) proactively identify and address risks.
• 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 (e.g., CRCM, CAMS, CPA, CIA, etc.) are preferred.

Responsibilities

• Lead and execute projects and/or activities that confirm compliance with applicable federal, state and local laws and regulations
• Identification of control and process weaknesses through review activities
• Partner with the business line and Risk Management groups to recommend and influence solutions that mitigate operational risks
• Effective verbal and written communication of review results to the ORR Team Lead and/or Manager
• Respond to and/or escalate significant risks as appropriate
• Coordination and oversight of review activities which may include coaching, feedback, etc., specific to the work completed by supporting Analysts.

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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees