Fraud Strategy Risk and Compliance Analyst

U.S. Bank • Minneapolis, MN

1d • Onsite

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. Job Description 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

Nice To Haves

• Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact 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 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.
• Collaborate closely with RCA managers, fraud strategy leaders, and business partners
• Ensure that risk management frameworks and fraud controls are understood, rigorously applied, and continually enhanced to safeguard the organization against evolving fraudulent threats.
• Contribute to fraud-focused projects and initiatives that drive compliance with all applicable laws, regulations, and internal standards.
• Engage in risk workshops and assessment activities
• 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.
• Monitor the effectiveness and appropriateness of controls—including ELCs—with a sharp focus on fraud detection, prevention, and mitigation.
• Share critical insights and collaborating with peers and risk partners
• 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.

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
• Number of Employees: 5,001-10,000 employees