Capital Risk Review Analyst - Masco Corporation
Saint Louis, MO
About the Job
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
Financial Risk Review (FRR) Capital Management team performs independent review of the regulatory capital, Risk Weighted Asset (RWA) calculation, stress testing and capital planning practices. Performs independent review and testing of the capital treatments and approaches, key derivations, parameter estimations and capital calculations across business units, functions and asset classes. The scope of review includes adherence to regulatory guidance, consistency with internal policies, and alignment with industry practices. Partners with Treasury, Regulatory Reporting, other Risk/Compliance/Audit (RCA) professionals, and RCA Managers to create, implement, maintain, review or 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 risks resulting from inadequate internal processes, approaches, governance and controls. Identifies, responds and/or escalates risks as appropriate.
Summary Responsibilities
- Evaluate regulatory capital calculations, RWA treatments and approaches, implementation of proposed Basel III end game rules, regulatory capital reporting and capital planning processes.
- Perform independent testing of the key derivations, parameter estimations and RWA calculations across business units, functions, and asset classes.
- Proactively assess and identify gaps, testing exceptions, existing and emerging risks and help ensure that they are measured, monitored, and managed effectively.
- Interact effectively with treasury, risk management, model governance, audit, regulators, and senior management.
- Keep abreast of industry best practices, regulatory guidance, financial market conditions and apply to the oversight of risk management activities
- Engage with business lines, develop rapport and credibility in order to drive improvements.
- Produce succinct written annual assessments of risk management activities and identify weaknesses and opportunities for strengthening practices.
Basic Qualifications
- Bachelor's degree, or equivalent work experience
- Typically more than six years of applicable experience
Preferred Skills/Experience
- Bachelor’s degree or higher in Finance, Financial Risk Management, or a related field
- 5 plus years of experience in financial risk management, Basel capital rules, regulatory capital reporting processes including systems and data flows.
- Strong analytical background and skill sets to perform independent review and testing of regulatory capital treatments and calculations.
- Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases (Access Database, SQL Server, Oracle), and presentations.
- Excellent presentation, interpersonal, written and verbal communication skills.
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
EEO is the Law
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) .
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: $95,285.00 - $112,100.00 - $123,310.00
U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
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.
Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.
Job Description
Financial Risk Review (FRR) Capital Management team performs independent review of the regulatory capital, Risk Weighted Asset (RWA) calculation, stress testing and capital planning practices. Performs independent review and testing of the capital treatments and approaches, key derivations, parameter estimations and capital calculations across business units, functions and asset classes. The scope of review includes adherence to regulatory guidance, consistency with internal policies, and alignment with industry practices. Partners with Treasury, Regulatory Reporting, other Risk/Compliance/Audit (RCA) professionals, and RCA Managers to create, implement, maintain, review or 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 risks resulting from inadequate internal processes, approaches, governance and controls. Identifies, responds and/or escalates risks as appropriate.
Summary Responsibilities
- Evaluate regulatory capital calculations, RWA treatments and approaches, implementation of proposed Basel III end game rules, regulatory capital reporting and capital planning processes.
- Perform independent testing of the key derivations, parameter estimations and RWA calculations across business units, functions, and asset classes.
- Proactively assess and identify gaps, testing exceptions, existing and emerging risks and help ensure that they are measured, monitored, and managed effectively.
- Interact effectively with treasury, risk management, model governance, audit, regulators, and senior management.
- Keep abreast of industry best practices, regulatory guidance, financial market conditions and apply to the oversight of risk management activities
- Engage with business lines, develop rapport and credibility in order to drive improvements.
- Produce succinct written annual assessments of risk management activities and identify weaknesses and opportunities for strengthening practices.
Basic Qualifications
- Bachelor's degree, or equivalent work experience
- Typically more than six years of applicable experience
Preferred Skills/Experience
- Bachelor’s degree or higher in Finance, Financial Risk Management, or a related field
- 5 plus years of experience in financial risk management, Basel capital rules, regulatory capital reporting processes including systems and data flows.
- Strong analytical background and skill sets to perform independent review and testing of regulatory capital treatments and calculations.
- Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases (Access Database, SQL Server, Oracle), and presentations.
- Excellent presentation, interpersonal, written and verbal communication skills.
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
EEO is the Law
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) .
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: $95,285.00 - $112,100.00 - $123,310.00
U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
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.
Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.
Source : Masco Corporation
