Operational Risk Review Analyst - Operations

U.S. Bank • St. Louis, MO

2d • 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 U.S. Bank is seeking an Operational Risk Review (ORR) Analyst responsible for the execution of review activities within Independent Risk Review and Assessment (IRRA), a centralized second line of defense independent testing function. This role offers an exciting opportunity to drive the continued growth, enhancement, and delivery of IRRA’s operational risk review program. ORR provides risk-based review and effective challenge of the Company's operational risk-related processes and controls associated with the products and services offered across all business lines and enabling functions. This includes Operations, People, Security of Physical Assets, Third Party, Business Resiliency, Systems, Cyber/Information Security, Legal, Model, Conduct, and Data Management risks. Process and control review activities include planning and scoping, design and test execution, report drafting and Issue creation and validation. The ORR Analyst is responsible for the execution of testing activities to confirm compliance with internal policies, and the identification of control and process weaknesses through design assessments and testing activities. Key roles and responsibilities include evaluating processes and controls to ensure effective risk management and analyzing results. If gaps are identified, the Analysts will work with the ORR Manager to partner with the business line and Risk Management groups to recommend and influence solutions that mitigate operational risks. The Analyst is responsible for effective verbal and written communication of review results to the ORR Lead Analyst, Team Lead, and/or Manager, and to escalate significant risks as appropriate. The ORR Analyst must demonstrate critical thinking to deliver effective project management, develop detailed and organized review materials, and engage in collaborative partnerships.

Requirements

• Bachelor's degree, or equivalent work experience.
• Typically more than three years of applicable experience.

Nice To Haves

• Basic or intermediate knowledge of operational risks, including but not limited to Fraud, People, Third Party, System, and Conduct, as well as industry trends that impact Bank operations.
• Basic or intermediate Risk, Compliance, and Audit competencies.
• Solid understanding of the business line’s operations, products, services, systems, and associated risks.
• Solid business acumen and credibility to help business line(s) proactively identify and address risks.
• Average process facilitation, project management, and analytical skills.
• Average presentation, interpersonal, written, and verbal communication skills.
• Proficient computer navigation skills, including Microsoft Office applications for word processing, spreadsheets, databases, and presentations.
• Applicable professional certifications (e.g., CRCM, CAMS, CPA, CIA, etc.) are preferred.

Responsibilities

• execution of review activities within Independent Risk Review and Assessment (IRRA)
• drive the continued growth, enhancement, and delivery of IRRA’s operational risk review program
• risk-based review and effective challenge of the Company's operational risk-related processes and controls associated with the products and services offered across all business lines and enabling functions
• planning and scoping, design and test execution, report drafting and Issue creation and validation
• execution of testing activities to confirm compliance with internal policies
• identification of control and process weaknesses through design assessments and testing activities
• evaluating processes and controls to ensure effective risk management and analyzing results
• partner with the business line and Risk Management groups to recommend and influence solutions that mitigate operational risks
• effective verbal and written communication of review results to the ORR Lead Analyst, Team Lead, and/or Manager, and to escalate significant risks as appropriate
• deliver effective project management, develop detailed and organized review materials, and engage in collaborative partnerships

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