Business Risk Specialist

U.S. Bank • Cincinnati, OH

1d • $23 - $30 • Hybrid

About The Position

The Business Risk Specialist supports the organization’s risk management framework, which is designed to promote effective governance and risk management that is systematic, transparent, credible, timely, and verifiable through clear delineation and execution of key roles and responsibilities. The role contributes to assessing and managing risks that may impact the company, including credit, financial, liquidity, market, operational, reputational, strategic, and other applicable risks. Under general supervision, the Business Risk Specialist helps identify, assess, monitor, correct, and escalate risks by monitoring systems, databases, information, processes, or procedures and identifying matters requiring attention. The role primarily resolves issues by making updates in the system of record and may partner with Lines of Business and cross-functional stakeholders to analyze issues, coordinate data collection and reporting, and support risk initiatives. Responsibilities include assisting in the assessment and implementation of internal policies and procedures to ensure compliance with laws and regulations, compiling and providing reports, supporting report development, analyzing data, and offering guidance, support, and recommendations to stakeholders. The role also contributes to the implementation of business risk initiatives in a fast-changing environment. This position requires strong analytical skills, effective communication, and the ability to manage multiple priorities while supporting the organization’s broader risk management objectives.

Requirements

• Bachelor's degree, or equivalent work experience
• Two to three years of applicable experience

Nice To Haves

• Experience supporting financial services, banking, or regulated environments.
• Prior experience with loss mitigation, operations, risk/controls, or issue management functions.
• Familiarity with escalation, SWAT, or issue‑management teams.

Responsibilities

• Monitor systems, databases, and processes to correct and identify potential risks, issues, or control gaps.
• Make updates in the system of record to mitigate risk and ensure compliance.
• Analyze information and data to support risk identification, assessment, and reporting activities.
• Escalate matters requiring attention to appropriate partners or leadership.
• Assist with report development as needed.
• Support temporary control activities.
• Participate in meetings and discussions with managers to communicate issues impacts, and recommendations.
• Contribute to continuous improvement efforts by identifying process enhancements or control improvements.

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

What This Job Offers

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