Operational Risk Oversight Lead
U.S. Bank
full-time
Posted on:
Location Type: Hybrid
Location: Minneapolis • Minnesota • Ohio • United States
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Salary
💰 $105,400 - $124,000 per year
Job Level
About the role
- Partners with their assigned Line of Business, 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 losses resulting from inadequate internal processes, systems or human errors
- Identifies, responds and/or escalates risks as appropriate
- Serves as a functional liaison between the Line of Business and the Lines of Defense
- Oversight of root cause analysis for large loss events
- Monitoring and reporting for Escalated Adverse Events
- External Loss Event Monitoring
- Assist with Operational Risk Scenario Analysis and Stress Testing
- Work with business lien risk staff to ensure accurate and complete reporting of operational loss impacts
Requirements
- Bachelor's degree, or equivalent work experience
- Seven to ten 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
- Considerable knowledge of Risk/Compliance/Audit competencies
- Strong process facilitation, project management, and analytical skills
- Must possess business acumen and credibility to help business line(s) proactively identify and address changing workforce needs
- 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 preferred
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
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
risk managementroot cause analysisoperational risk scenario analysisstress testingcomplianceregulatory trendsfinancial servicesanalytical skillsproject managementprocess facilitation
Soft skills
business acumencredibilitypresentation skillsinterpersonal skillswritten communicationverbal communication
Certifications
professional certifications