File Review Analyst

U.S. Bank • Minneapolis, MN

1d • $86,360 - $101,600 • Hybrid

About The Position

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.

Perform reviews of lending and deposit activity to ensure bank policy is consistently followed and applied to all bank customers. Identify gaps and propose solutions that promote an effective risk management framework. Identify and/or escalate risks as appropriate. Serve as a functional liaison between the Line of Business and the Second Line of Defense. Participate in reviews and/or activities that ensure compliance with applicable Fair & Responsible Banking laws and regulations.

Requirements

• Bachelor's degree, or equivalent work experience
• Typically 5+ years of applicable experience

Nice To Haves

• Advanced knowledge of loan origination, loan underwriting and loan pricing as applicable to laws, regulations, financial services, and regulatory trends that impact their assigned line of business
• Advanced understanding of financial services operations, products/services, systems, and associated risks/controls
• Advanced knowledge of Risk/Compliance/Audit competencies
• Strong analytical skills and project management acumen
• Excellent presentation, interpersonal, written and verbal communication skills
• Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases, and presentations
• Applicable professional certifications preferred

Responsibilities

• Conduct transactional reviews or critically challenge business line decisions (primarily underwriting and pricing) related to mortgage, auto finance, credit cards and other lending or deposit operations.
• Analyze review results in relationship to fair and responsible banking laws and regulations and identify factors that may contribute to elevated FaRB risk profile.
• Prepare well-documented work papers to support conclusions.
• Summarize results of the review and prepare analysis reports that succinctly identify the individual and aggregate risks identified during the review.
• Participate in the communication of review analysis with business line partners, including procedure and process gap analyses.
• Identify process improvements to enhance review procedures.
• Execute review protocols consistent with prudent statistical practices, review parameters and regulatory expectations.
• Ability to leverage statistical outcomes to focus on file review data analysis
• Keep abreast of business policies and FaRB related laws and regulations, guidance and other legal and regulatory developments which directly affect business practices to ensure review assessments are appropriately analyzing and identifying risk.

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