Fraud Strategy Risk and Compliance Analyst

U.S. Bank•Minneapolis, MN

3d•Hybrid

About The Position

As a Risk/Compliance/Audit (RCA) professional within the Fraud Strategy line of business, your primary responsibility is to actively participate in key fraud risk management activities—such as Risk and Control Self-Assessment (RCSA), Risk Assessment Unit (RAU), Enterprise Control Risk Alignment (ECRA), Business Line Quality Assurance (BLQA), and the ongoing monitoring and assessment of Entity Level Controls (ELC) applicability. Collaborating closely with RCA managers, fraud strategy leaders, and business partners, you ensure that risk management frameworks and fraud controls are understood, rigorously applied, and continually enhanced to safeguard the organization against evolving fraudulent threats. You contribute to fraud-focused projects and initiatives that drive compliance with all applicable laws, regulations, and internal standards. By engaging in risk workshops and assessment activities, you help pinpoint vulnerabilities in the fraud control environment, recommend robust solutions, and support remediation efforts to minimize risk exposures resulting from process, system, or human error. Your work involves monitoring the effectiveness and appropriateness of controls—including ELCs—with a sharp focus on fraud detection, prevention, and mitigation. Sharing critical insights and collaborating with peers and risk partners, you help fortify the business’s fraud strategy posture and ensure that risk alignment, ECRA and BLQA reviews, and RAU cycles are seamlessly integrated into the operational rhythm and reporting procedures of the fraud strategy team.

Requirements

Bachelor's degree, or equivalent work experience
Typically 6+ years of applicable experience
Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends impacting their assigned line of business
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
Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases, and presentations
Applicable professional certifications

Responsibilities

Actively participate in key fraud risk management activities such as RCSA, RAU, ECRA, BLQA, and monitoring/assessment of ELC applicability.
Collaborate with RCA managers, fraud strategy leaders, and business partners to ensure risk management frameworks and fraud controls are understood, applied, and enhanced.
Contribute to fraud-focused projects and initiatives to ensure compliance with laws, regulations, and internal standards.
Engage in risk workshops and assessment activities to identify vulnerabilities, recommend solutions, and support remediation efforts.
Monitor the effectiveness and appropriateness of controls, including ELCs, focusing on fraud detection, prevention, and mitigation.
Share insights and collaborate with peers and risk partners to strengthen the business's fraud strategy posture.
Ensure risk alignment, ECRA and BLQA reviews, and RAU cycles are integrated into the fraud strategy team's operations and reporting.

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
Pension (all benefits are subject to eligibility requirements)