Fair and Responsible Banking Risk Consultant
About The Position
The Fair and Responsible Banking Risk Consultant supports the Fair and Responsible Banking (FaRB) Program within Corporate Compliance in the second line of defense. The role helps execute the program and contributes to effective governance and oversight of fair lending and UDAP/UDAAP risks. Working cross-functionally, the consultant reviews business practices and customer-facing processes to support risk assessment, identification of emerging issues, and development of practical guidance that promotes sound risk management. The role uses data, reporting, and other information to identify observations and trends and communicate clear, actionable insights. It also partners across the organization to promote alignment and a consistent, scalable approach to managing FaRB risk. The position requires working from a U.S. Bank location three or more days per week.
Requirements
- Bachelor’s degree or equivalent work experience.
- Typically more than six years of applicable experience.
- Working knowledge of fair lending and UDAP/UDAAP risks and ability to identify and assess risk drivers across consumer products and related processes.
- Ability to interpret regulatory expectations and internal policies and translate them into practical guidance.
- Strong analytical and problem-solving skills, including interpreting data, identifying trends, and communicating risk insights clearly.
- Effective presentation, interpersonal, written, and verbal communication skills.
- Effective relationship-building and negotiation skills.
- Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that affect the assigned line of business.
- Considerable understanding of the business line’s operations, products and services, systems, and associated risks and controls.
- Thorough knowledge of Risk, Compliance, or Audit competencies.
- Strong process facilitation and project management skills.
- Proficient computer navigation skills using software such as Microsoft Office applications and word-processing, spreadsheet, database, and presentation tools.
- Ability to work from a U.S. Bank location three or more days per week.
Nice To Haves
- Experience supporting fair and responsible banking program activities, such as translation/Limited English Proficiency, program governance, risk assessment, and stakeholder engagement.
- Experience supporting routine governance activities, preparing materials, and responding to internal and external inquiries.
- Experience supporting project management activities, including tracking actions, assessing progress, and ensuring timely completion of program objectives.
- Applicable professional certifications.
Responsibilities
- Support execution of the Fair and Responsible Banking Program within Corporate Compliance’s second line of defense.
- Contribute to governance and oversight of fair lending and UDAP/UDAAP risks.
- Review business practices and customer-facing processes with cross-functional partners.
- Support risk assessment, identification of emerging issues, and development of practical risk-management guidance.
- Use data, reporting, and other information to identify observations and trends and communicate actionable insights.
- Work with organizational partners to promote alignment and a consistent, scalable approach to managing FaRB risk.
- Support program initiatives and activities, including governance, risk assessment, stakeholder engagement, and project management.
- Interpret regulatory expectations and internal policies into practical guidance and support effective challenge of business practices and controls.
- Prepare materials for routine governance activities and respond to internal and external inquiries.
- Track project actions and progress and support timely completion of program objectives.
Benefits
- Healthcare coverage, including medical, dental, and vision.
- Basic term and optional term life insurance.
- Short-term and long-term disability coverage.
- Pregnancy disability and parental leave.
- 401(k) and employer-funded retirement plan.
- Paid vacation of 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 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
- Incentive and recognition programs.
- Equity stock purchase plan.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
