Business-Line Risk Manager - Corporate Asset Liability & Interest Rate Risk Management

U.S. Bank • Minneapolis, MN

1d • Hybrid

About The Position

This position will support the Asset Liability Management (ALM) business unit, focusing on balance sheet forecasting, interest rate risk measurement and forecasting, and reporting through business line and corporate level committees. The role involves supporting the business line to comply with internal risk programs, policies, and regulatory guidance. It also includes monitoring the program for proposed changes to translate through a risk-focused lens and assist in designing new control structures relevant to the changes. The Business-Line Risk Manager will serve as a trusted advisor in strategic initiatives to identify future risk profile changes and consult on approaches to absorb/measure/limit risk. Additionally, the role supports the business through internal reviews, audits, and exams, and assists in scoping and remediating any identified weaknesses or issues with regard to risk policies and program requirements. This position 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. It also participates in projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations, identifies gaps and informs solutions that minimize losses resulting from inadequate internal processes, systems, or human errors, and identifies, responds to, and/or escalates risks as appropriate. The role serves as a functional liaison between the Line of Business and the Lines of Defense.

Requirements

• Typically more than six years of applicable experience.
• Bachelor's degree, or equivalent work experience.
• Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases and presentations.

Nice To Haves

• Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business, specifically: < Interagency Policy Statement on Funding & Liquidity Risk management (SR 10-6). < Enhanced Prudential Standards (Reg YY). < Liquidity Coverage Ratio. < Net Stable Funding Ratio. < Interest rate Risk in the Banking Book (IRRBB). < FR 2052a Complex Institution Liquidity Monitoring Report.
• Considerable understanding of the business line’s operations, products/services, systems, and associated risks/controls.
• Thorough knowledge of Risk/Compliance/Audit competencies.
• Strong analytical, process facilitation and project management skills.
• Effective presentation, interpersonal, written and verbal communication skills.
• Effective relationship building and negotiation skills.
• Applicable professional certifications.

Responsibilities

• Supporting the business line to comply with internal risk programs, policies, and regulatory guidance.
• Monitoring the program for proposed changes to translate through a risk-focused lens and assist in designing new control structures relevant to the changes.
• Serve as a trusted advisor in strategic initiatives to identify future risk profile changes and consult on approaches to absorb / measure/ limit risk.
• Support the business through internal reviews, audits, and exams.
• Assist in scoping and remediating any identified weaknesses or issues with regard to risk policies and program requirements.
• Partners with their assigned Line of Business, other Risk/Compliance/Audit (RCA) professionals, and RCA Managers to, depending on their function, 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.

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
• Incentive and recognition programs
• Equity stock purchase
• 401(k) contribution and pension

What This Job Offers

• Job Type: Full-time
• Career Level: Senior