Risk Manager – Credit and Debit Cards

U.S. Bank • Minneapolis, MN

5d • $119,765 - $140,900 • Onsite

About The Position

Partners with leaders and Compliance colleagues in their assigned Line of Business Risk Managers across all regulatory disciplines, and Law Division personnel to, depending on the function, provide regulatory guidance and credible challenge for the successful creation, implementation, and maintenance of an effective risk management framework. Act as trusted advisor to Business Line (BL) first line of Defense (1LoD) and Chief Risk Office (CRO) colleagues for projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations. Facilitate the identification of gaps and drive solutions that minimize losses resulting from inadequate internal processes, systems, or human errors. Ensure the active identification, documentation and challenge or escalation of risks and their controls as appropriate. May influence policies and procedures to maximize profit potential and minimize regulatory exposure. Accountable for an effective partnership with 1LoD/CRO teams and with Risk Managers across other product and regulatory disciplines.

Requirements

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

Nice To Haves

• Advanced understanding of the credit/debit card risk and control framework
• Regulatory expertise in the following regulations: Can-Spam, TCPA, FCRA, ECOA, UDAP/UDAAP, Reg Z, Reg E, and Reg II.
• Advanced knowledge of applicable laws, regulations, financial services, and regulatory trends that impact credit and debit cards
• Advanced understanding of the business line’s operations, products/services, and systems
• Thorough knowledge of Risk/Compliance/Audit competencies
• Strong leadership and management skills of processes, projects and people
• Strong written and verbal communication skills
• Strong analytical, problem-solving and negotiation skills; comfortable presenting and defending regulatory guidance, even when it challenges the status quo
• Proficient computer skills, especially Microsoft Office applications
• Certified Regulatory and Compliance Manager (CRCM)

Responsibilities

• Provide regulatory guidance and credible challenge for the successful creation, implementation, and maintenance of an effective risk management framework.
• Act as trusted advisor to Business Line (BL) first line of Defense (1LoD) and Chief Risk Office (CRO) colleagues for projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations.
• Facilitate the identification of gaps and drive solutions that minimize losses resulting from inadequate internal processes, systems, or human errors.
• Ensure the active identification, documentation and challenge or escalation of risks and their controls as appropriate.
• Influence policies and procedures to maximize profit potential and minimize regulatory exposure.
• Maintain an effective partnership with 1LoD/CRO teams and with Risk Managers across other product and regulatory disciplines.

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: Senior