US Bank
Fraud Risk and Compliance Leader
US Bank, Minneapolis, Minnesota, United States, 55400
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 Fraud Risk and Compliance Leader supports Fraud Strategy through exams, audits, and CQA testing, issue management, and enterprise risk program compliance. This role will partner with other Fraud Strategy leaders to compliance manage all regulatory relationships and communications for the team. Will work closely with RM&C business line chief risk officer to ensure compliance with all applicable 2nd line program requirements and own remediation plans for identified regulatory, audit or 2nd line issues. ESSENTIAL RESPONSIBILITIES Responsible for forming and maintaining the risk management framework for a division. Provides risk management support to LOB by identifying, documenting, and implementing consistent processes for monitoring controls to mitigate risk. Manages BLRM's Uses corporate risk management policies as guidelines to help the business line understand those policies and fit them to specific business needs. Oversees compliance activities to ensure adherence. Operates as liaison between BL and CRM. Directs general awareness of Risk Management policies and issues and coordinates efforts to foster awareness and understanding of key risk management concepts within the business line network. Works with business line management to help ensure the implementation of key risk management practices and procedures in the normal course of business operations. Ensures appropriate participation in high-level discussions to identify and respond to business risks and ensures that the line of business staff understands key risk concepts and their relevance to core business practice. Ensures that controls used to mitigate business risks are properly designed, executed, and documented. Works with corporate-level resources to identify, design, and test controls for optimal effectiveness. Serves as a key advisor to the line of business head regarding risk-related matters and serves as a functional liaison between the line of business and corporate-level risk management resources. Ensures appropriate level of management ownership exists to facilitate appropriate due diligence and participation in compliance, audit, and risk management requirements. Oversees audits and regulatory examination cycle for division. Monitors the disposition/resolution of issues resulting from audits and examinations. Actively ensures compliance with the U.S. Bank Code of Ethics and regulatory requirements, policies, and procedures. ESSENTIAL Qualifications 12+ years of banking experience. 7+ years of management experience. Expertise in Fraud Prevention and/or Fraud Strategy. BA/MBA in finance, accounting, or other related fields. Product management design and development skills. Knowledge of technical product/program development, implementation and strategic analysis. Demonstrated management, leadership and interpersonal skills. Tech fluent, forward-thinking and innovative. Thorough knowledge of competitive market, operations and various products and services within assigned area. Well-developed oral and written communication skills. Financial and competitive analysis and technical skills. ACCOUNTABILITIES Decisions are made in conjunction with major corporation programs, plans or strategies. Independent action is normally required although other division or senior managers are usually consulted before final action is taken. Probable errors would have significant effect on major functions of the corporation. 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. 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
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 . 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.
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The Fraud Risk and Compliance Leader supports Fraud Strategy through exams, audits, and CQA testing, issue management, and enterprise risk program compliance. This role will partner with other Fraud Strategy leaders to compliance manage all regulatory relationships and communications for the team. Will work closely with RM&C business line chief risk officer to ensure compliance with all applicable 2nd line program requirements and own remediation plans for identified regulatory, audit or 2nd line issues. ESSENTIAL RESPONSIBILITIES Responsible for forming and maintaining the risk management framework for a division. Provides risk management support to LOB by identifying, documenting, and implementing consistent processes for monitoring controls to mitigate risk. Manages BLRM's Uses corporate risk management policies as guidelines to help the business line understand those policies and fit them to specific business needs. Oversees compliance activities to ensure adherence. Operates as liaison between BL and CRM. Directs general awareness of Risk Management policies and issues and coordinates efforts to foster awareness and understanding of key risk management concepts within the business line network. Works with business line management to help ensure the implementation of key risk management practices and procedures in the normal course of business operations. Ensures appropriate participation in high-level discussions to identify and respond to business risks and ensures that the line of business staff understands key risk concepts and their relevance to core business practice. Ensures that controls used to mitigate business risks are properly designed, executed, and documented. Works with corporate-level resources to identify, design, and test controls for optimal effectiveness. Serves as a key advisor to the line of business head regarding risk-related matters and serves as a functional liaison between the line of business and corporate-level risk management resources. Ensures appropriate level of management ownership exists to facilitate appropriate due diligence and participation in compliance, audit, and risk management requirements. Oversees audits and regulatory examination cycle for division. Monitors the disposition/resolution of issues resulting from audits and examinations. Actively ensures compliance with the U.S. Bank Code of Ethics and regulatory requirements, policies, and procedures. ESSENTIAL Qualifications 12+ years of banking experience. 7+ years of management experience. Expertise in Fraud Prevention and/or Fraud Strategy. BA/MBA in finance, accounting, or other related fields. Product management design and development skills. Knowledge of technical product/program development, implementation and strategic analysis. Demonstrated management, leadership and interpersonal skills. Tech fluent, forward-thinking and innovative. Thorough knowledge of competitive market, operations and various products and services within assigned area. Well-developed oral and written communication skills. Financial and competitive analysis and technical skills. ACCOUNTABILITIES Decisions are made in conjunction with major corporation programs, plans or strategies. Independent action is normally required although other division or senior managers are usually consulted before final action is taken. Probable errors would have significant effect on major functions of the corporation. 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. 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
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 . 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.
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