RCA Professional 7

U.S. Bank • Minneapolis, MN

4d • Hybrid

About The Position

The RCA Professional 7 serves as a Risk & Compliance advisor to U.S. Bank’s Prepaid business line, providing dedicated first-line risk support across the lifecycle of prepaid products, digital capabilities, strategic initiatives, regulatory changes, operational enhancements, and issue remediation. The role partners with Product, Sales, Client Onboarding, Digital, Technology, Operations, Legal, Financial Crimes Compliance, Fraud Strategy, Compliance, and governance teams to identify requirements early, translate risk expectations into practical actions, and support implementation through post-implementation closure.

This is an embedded advisory role rather than a traditional end-stage compliance review. The successful candidate develops a detailed understanding of products and operating models, identifies downstream impacts, convenes appropriate specialists, and helps the business reach compliant and sustainable solutions. The position requires sound judgment, curiosity, persistence, and the ability to organize and influence work across a large matrixed organization.

The role supports U.S. Bank-issued and program-managed prepaid products, including payroll, government disbursement, general purpose reloadable, incentive, rewards, single-load, digital card, and related money movement capabilities. It offers a hybrid/flexible schedule, with an in-office expectation of three or more days per week and flexibility to work outside the office on the other days.

Requirements

• Bachelor's degree or equivalent work experience.
• Typically more than eight years of experience.
• Strong analytical, critical-thinking, problem-solving, and decision-making skills, including comfort working with incomplete or ambiguous information.
• Excellent written and verbal communication skills, including the ability to articulate well-supported points of view and explain complex requirements to business and technical audiences.
• Strong project management, organization, documentation, prioritization, and follow-through skills, including the ability to coordinate cross-functional work and drive multiple simultaneous initiatives.
• Ability to build relationships, influence without direct authority, challenge constructively, and escalate appropriately.

Nice To Haves

• Eight or more years of experience in risk management, compliance, legal, audit, financial services, payments, product governance, or a related field.
• Experience interpreting laws, regulations, regulatory guidance, policies, standards, or risk requirements and applying them to products, processes, systems, or customer experiences.
• Prepaid card, debit card, consumer payments, issuing, money movement, fintech, or banking product experience.
• Working knowledge of prepaid program structures and participants, such as issuer, program manager, processor, client or sponsor, network, third-party service provider, and cardholder.
• Experience with Regulation E, Regulation II, E-SIGN, UDAAP, TCPA, CAN-SPAM, BSA/AML, fraud risk, and/or FDIC pass-through deposit insurance.
• Experience with product and change governance, including business intake, risk assessments, change control, issue management, control design, audit support, and post-implementation validation.
• Professional certification such as CRCM, CAMS, or a comparable legal, risk, or compliance credential.

Responsibilities

• Serve as a primary Risk & Compliance advisor for prepaid products and related money movement capabilities.
• Engage during opportunity assessment, product planning, change control, BCIQ, and PRISM intake to clarify scope, identify impacted products and stakeholders, determine review paths, and prevent avoidable delays.
• Analyze complex or ambiguous product, operational, regulatory, technology, fraud, and third-party risks.
• Translate requirements into practical options, guardrails, controls, procedures, disclosures, testing, or escalation paths.
• Independently support concurrent initiatives from early design through implementation and post-implementation closure, tracking status, dependencies, decisions, risks, evidence requirements, and next steps.
• Review and strengthen BCIQ and PRISM submissions; coordinate subject-matter expert reviews; develop or challenge risk mitigation plans; track evidence; resolve documentation gaps; and drive timely closure of requirements.
• Assess new or changing laws, regulations, guidance, and industry requirements for Prepaid applicability, and coordinate impact assessments, business responses, implementation plans, stakeholder alignment, and retained documentation.
• Support ECRA and RCSA activities, process questionnaires, risk and control matrices, control self-assessments, credible challenge responses, control design improvements, and testing or monitoring expectations.
• Support issue identification and intake, root-cause and impact analysis, corrective action planning, audit and examination requests, walkthroughs, First Day Letters, evidence production, and validation of sustainable remediation.
• Identify and engage appropriate cross-functional partners, and facilitate decisions when ownership or requirements are unclear.
• Provide concise, decision-useful reporting on initiatives, risks, open questions, dependencies, escalations, approvals, and milestones; maintain organized records for governance, audit readiness, and handoffs.
• Identify opportunities to simplify duplicative or low-value requirements while maintaining appropriate risk management, and recommend scalable processes, job aids, templates, decision frameworks, and governance improvements.

Benefits

• Healthcare coverage, including medical, dental, and vision.
• Basic term and optional term life insurance.
• Short-term and long-term disability insurance.
• Pregnancy disability and parental leave.
• 401(k) and an 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior