Compliance Risk and Control Analyst - U.S. Bank
Charlotte, NC
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
_Job Description_
+ Partners with leaders in their assigned Line of Business, Risk/Compliance/Audit (RCA) Consultants, and other RCA Managers to, depending on the function, oversee the successful creation, implementation, and maintenance of an effective risk management framework.
+ Accountable for effective partnership between the Business Line (BL) and the Lines of Defense (LOD); more specifically, interfacing with business leaders, risk groups, and second LOD teams to ensure appropriate risk management oversight and implementation of Payments Services Enterprise Compliance Risk Assessment (ECRA), Risk and Control Self-Assessment (RCSA) and Enterprise Financial Crimes Compliance (EFCC) RCSA Programs.
+ Lead projects and/or activities that ensure compliance with applicable international, federal, state and local laws and regulations in the ECRA and EFCC RCSA.
+ Proactively assess risk in business process and work with business lines on developing controls for the ECRA, EFCC RCSA and RCSA, as necessary.
+ Facilitate the identification of gaps and drive solutions to mitigate risks resulting from inadequate internal processes and/or controls, as well as identifying areas for process or control enhancement and clearly communicate and assist in implementation, as appropriate.
+ Ensures the active identification, response and/or escalation of risks as appropriate.
+ May influence policies and procedures.
_Responsibilities_
+ Partner with the business line and risk teams to maintain the formally documented and comprehensive risk framework and control environment program (ECRA/RCSA/EFCC RCSA) that encompasses appropriate identification, assessment of risks with the aligned Risk Assessment Units (RAU) and controls. This may include but is not limited to risk/control record creation, risk/control alignments, desktop procedures, process maps, metrics with guardrails, on-going monitoring routines and issue escalation.
+ Create and maintain risk & control frameworks in alignment with the U.S. Bank Enterprise Compliance Program, U.S. Bank Risk Management Framework, Business Line Control Environment (BLCE) Policy, RCSA Policy, ECRA Procedure, applicable EFCC Policies and all other applicable Risk Management & Compliance (RM&C) Polices.
+ Complete analysis of risk/control environment to determine control environment effectiveness.
+ Ensure formal RAU, Risk, and/or Control documentation is housed accurately within a central repository (Archer/eGRC).
+ Present risk and control framework concerns to the Leadership team.
+ Coordinate and complete routine risk analysis and/or attestation cycles.
+ Research, remediate and/or respond to credible challenges and/or oversight routines from second line of defense (SLOD) partners.
+ Enable and support operational RCSA activities.
+ May be asked to perform special projects as needed.
_Basic Qualifications_
+ Bachelor's degree, or equivalent work experience.
+ More than six years of applicable experience.
_Preferred Skills and Experience_
+ Familiarity and experience of the Business Line’s operations, products/services, systems, and associated risks/controls, particularly Payment Services.
+ Possess a strong understanding of bank related Risk Program frameworks and administration.
+ Knowledge of applicable laws, regulations, financial services, and payments products including credit cards, prepaid programs, and corporate expense programs).
+ Knowledge of the Bank Secrecy Act, USA Patriot Act and multiple Economic Sanctions laws, including related Canadian and European requirements.
+ Experience with facilitation of risk and control identification with Business Line/First Line of Defense partners
+ CAMS or CRCM designation or equivalent risk management certification preferred.
+ Analytical & problem-solving skills.
+ Ability to review, organize and rationalize large and various amounts of information to draw meaning and measure operations and/or compliance risk during high volumes of change management.
+ Effective written and verbal communication skills; ability to drive discussions to advise and influence stakeholders.
+ High level of proficiency with communication; emphasis on accuracy, relevancy, and attention to detail.
+ Awareness of and experience with common RM&C Platforms and tools used for data collection, aggregation and reporting.
+ Proficient computer skills, especially Microsoft Office applications.
_Hybrid/flexible schedule_
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: $102,340.00 - $120,400.00 - $132,440.00
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
_Job Description_
+ Partners with leaders in their assigned Line of Business, Risk/Compliance/Audit (RCA) Consultants, and other RCA Managers to, depending on the function, oversee the successful creation, implementation, and maintenance of an effective risk management framework.
+ Accountable for effective partnership between the Business Line (BL) and the Lines of Defense (LOD); more specifically, interfacing with business leaders, risk groups, and second LOD teams to ensure appropriate risk management oversight and implementation of Payments Services Enterprise Compliance Risk Assessment (ECRA), Risk and Control Self-Assessment (RCSA) and Enterprise Financial Crimes Compliance (EFCC) RCSA Programs.
+ Lead projects and/or activities that ensure compliance with applicable international, federal, state and local laws and regulations in the ECRA and EFCC RCSA.
+ Proactively assess risk in business process and work with business lines on developing controls for the ECRA, EFCC RCSA and RCSA, as necessary.
+ Facilitate the identification of gaps and drive solutions to mitigate risks resulting from inadequate internal processes and/or controls, as well as identifying areas for process or control enhancement and clearly communicate and assist in implementation, as appropriate.
+ Ensures the active identification, response and/or escalation of risks as appropriate.
+ May influence policies and procedures.
_Responsibilities_
+ Partner with the business line and risk teams to maintain the formally documented and comprehensive risk framework and control environment program (ECRA/RCSA/EFCC RCSA) that encompasses appropriate identification, assessment of risks with the aligned Risk Assessment Units (RAU) and controls. This may include but is not limited to risk/control record creation, risk/control alignments, desktop procedures, process maps, metrics with guardrails, on-going monitoring routines and issue escalation.
+ Create and maintain risk & control frameworks in alignment with the U.S. Bank Enterprise Compliance Program, U.S. Bank Risk Management Framework, Business Line Control Environment (BLCE) Policy, RCSA Policy, ECRA Procedure, applicable EFCC Policies and all other applicable Risk Management & Compliance (RM&C) Polices.
+ Complete analysis of risk/control environment to determine control environment effectiveness.
+ Ensure formal RAU, Risk, and/or Control documentation is housed accurately within a central repository (Archer/eGRC).
+ Present risk and control framework concerns to the Leadership team.
+ Coordinate and complete routine risk analysis and/or attestation cycles.
+ Research, remediate and/or respond to credible challenges and/or oversight routines from second line of defense (SLOD) partners.
+ Enable and support operational RCSA activities.
+ May be asked to perform special projects as needed.
_Basic Qualifications_
+ Bachelor's degree, or equivalent work experience.
+ More than six years of applicable experience.
_Preferred Skills and Experience_
+ Familiarity and experience of the Business Line’s operations, products/services, systems, and associated risks/controls, particularly Payment Services.
+ Possess a strong understanding of bank related Risk Program frameworks and administration.
+ Knowledge of applicable laws, regulations, financial services, and payments products including credit cards, prepaid programs, and corporate expense programs).
+ Knowledge of the Bank Secrecy Act, USA Patriot Act and multiple Economic Sanctions laws, including related Canadian and European requirements.
+ Experience with facilitation of risk and control identification with Business Line/First Line of Defense partners
+ CAMS or CRCM designation or equivalent risk management certification preferred.
+ Analytical & problem-solving skills.
+ Ability to review, organize and rationalize large and various amounts of information to draw meaning and measure operations and/or compliance risk during high volumes of change management.
+ Effective written and verbal communication skills; ability to drive discussions to advise and influence stakeholders.
+ High level of proficiency with communication; emphasis on accuracy, relevancy, and attention to detail.
+ Awareness of and experience with common RM&C Platforms and tools used for data collection, aggregation and reporting.
+ Proficient computer skills, especially Microsoft Office applications.
_Hybrid/flexible schedule_
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: $102,340.00 - $120,400.00 - $132,440.00
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 : U.S. Bank
