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

The role serves as a key risk and compliance focused leader within the Payments Chief Risk Office’s (CRO) Issuing Risk Team.  This role will primarily support Treasury and Payment Solutions (TPS) Prepaid products.  Additionally, this role with manage and support NACHA rule risk and compliance efforts across both Payments: Consumer and Small Business (PCS) and Payments: Merchant and Institutional (PMI).

The leader in this role is someone who understands prepaid product structures, prepaid industry infrastructure and roles (issuer, program manager, processor), client relationships and the unique risk and compliance requirements that are associated with each of these elements.  This leader should also be familiar with ACH processes and NACHA rules.

The successful candidate will lead a team of three professionals and will collaborate closely with TPS leadership and TPS personnel supporting the prepaid product in the furtherance of the growth strategies set by PMI and TPS leadership.  The three team members are accountable for reviewing and approving prepaid material submissions in the Compliance Approval Tool (CAT), collaborating and partnering with TPS personnel on prepaid strategic initiatives to ensure risk requirements and mitigation is addressed.

KEY RESPONSIBILITIES

Support compliance and risk management across prepaid products through providing consultation and guidance to TPS stakeholders on an ad hoc basis as well as through established scheduled meetings (e.g., Deal Committee, etc.).Partner with CRO and TPS stakeholders to assist in completing the quarterly refresh process for both the ECRA and RCSA for Prepaid, including responding to 2nd line credible challenges and collaborating with TPS staff in addressing control enhancements and additions.  Includes, but is not limited to supporting completion of the Process Questionnaire, Risk and Control Matrix, Control Self-Assessment, workshop/mapping exercises, etc.Collaborate with the Business Line Quality Assurance Testing team and TPS personnel to review quarterly testing results and assist in development of potential finding/issue responses.Assist in the exam management process on prepaid products and functions as needed, including reviewing request responses, participating in walk-throughs, and response development of draft issues.Consult with Issue Management and TPS prepaid personnel to responses and action plans to ensure end state sustainable processes result in appropriate risk management and control development.Collaborate with CRO Policy/Regulatory Change Management teams and applicable stakeholders across TPS, Operations, and Technology to ensure accurate and timely completion of the implementation process for prepaid, including but not limited to applicability matrixes, gap assessments, action plans, etc.Build and harness highly talented, diverse teams: coach and develop others, understand team dynamics, and strengthen the overall capability of the organization.

Basic Qualifications

Bachelor's degree, or equivalent work experienceTypically more than 10 years of applicable experience

PIVOTAL EXPERINCE, SKILLS, AND EXPERTISE

The successful candidate will have demonstrated success in applicable regulatory and risk management frameworks, principles and requirements.  This leader will have experience in leveraging tools, processes and other resources to enable prepaid business growth with the bank’s established risk appetite.

STRATEGIC THINKING: Strategic thought leader that proactively responds to changing business needs and objectives, while considering implications of risk management related decisions and actions.PROJECT MANAGEMENT: Experience in developing strategies and providing work direction and guidance to a broader team or organization. Ability to make sense out of complex situations, demonstrating intellectual curiosity, and driving outcomes with appropriate levels of governance and controls. COMMUNICATION: Strong verbal and written communication skills, with the ability to effectively build and articulate messages with detailed points of view.INFLUENCE: Proven history of leading and/or influencing senior leaders and teams by proven results driven through excellent leadership in action.PROBLEM SOLVING: Problem solving orientated, with the ability to recognize needs, anticipate issues, and develop solutions using strong analytical, regulatory and risk knowledge, and business acumen.INTERPERSONAL: Outstanding interpersonal, influence-management, and communication skills, particularly in building relationships with business leaders and key stakeholders and presenting to senior leaders.PROCESS IMPROVEMENT: Expert level skills in continuous improvement, and data analytics and management, amongst other process improvement skills

LEADERSHIP CAPABILITIES

Builds Teams and Talent: Embraces developing talent; builds and develops teams; strengthens organizational capabilities via talent

Drives for Results: Drives execution, continuously improves the core, and reallocates resources at paceLeads Innovation: Encourages innovative thought; challenges the status quo; scales and invests in new ideasDrives Vision and Purpose: Paints a compelling picture of the vision and strategy that motivates others to action

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.

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

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

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.

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: $133,365.00 - $156,900.00

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.

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