Strategic Initiatives Risk Consultant - Home Mortgage & Consumer Loan Products

$119,765 - $154,990/Yr

US Bank - Minneapolis, MN

Full-time - Mid Level

Minneapolis, MN

Credit Intermediation and Related Activities

About the position

Consumer and Business Banking (CBB) Risk Management has an opening for an Agile Risk Consultant to support the Mortgage and Consumer Loan Strategic Initiatives (Strategic Initiatives) team. The CBB Agile Support team is responsible for providing strategic risk management expertise and risk leadership for the Strategic Initiatives Experience Studios and their key initiatives. This role will specifically support the work performed in the Home Mortgage and Consumer Loan Business Agile Risk Studios including BDMA/Ecosystem, Consumer Lending/Deposits, and Microbusiness by providing compliance and operational risk subject matter expertise in a number of key risk areas including Privacy, Truth in Lending, Fair and Responsible Banking, Equal Credit Opportunity Act, Bank Secrecy Act/Anti-Money Laundering, Third Party Risk Management, Information Security, Credit, Fraud and others.

Responsibilities

• Provide compliance and operational risk subject matter expertise to support strategic initiatives
• Establish and maintain appropriate systems of risk management and internal controls to support business objectives, maintain acceptable risk appetite/tolerances and comply with applicable laws and regulations
• Operate independently within the CBB framework, often with tight deadlines and multiple, concurrent projects
• Partner with CBB business line leaders, the Centralized Agile Studio team, and the Second Line of Defense Risk subject matter experts
• Collaborate with multiple levels of CBB to identify and service specialized needs across the different business lines
• Utilize regulatory knowledge of the U.S. Bank enterprise risk management framework as it applies to CBB
• Lead 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, response and/or escalation of risks as appropriate
• Provide risk expertise to ensure compliance with existing Risk policies
• Utilize existing enterprise risk management framework to ensure risk partners across the enterprise are engaged and informed
• Make informed risk decisions expeditiously to ensure consistent and timely risk support for the project teams
• Navigate all risk approvals, as needed, including BCI, BCRA/PRISM, and CAT
• Support work associated with regulatory agencies and Corporate Audit Services or regulatory agency audits/exams
• Lead and/or support CBB in an anticipatory posture related to the rapidly changing risk and compliance environment
• Maintain appropriate systems of risk management and internal controls to support business objectives
• Provide training and support as needed
• Escalate potential risks as appropriate

Requirements

• Bachelor's degree, or equivalent work experience
• 10 or more years of applicable experience

Nice-to-haves

• Proven experience and subject matter expertise of compliance and operational risks related to Home Mortgage and Consumer Loan Products
• Comprehensive knowledge and experience with the industry, products, policies, operations and procedures related to Home Mortgage and Consumer Loan Products
• Strong professional presence to support regular interactions with senior management
• Demonstrated skills in leadership and management of process, projects and people
• Strong analytical skills and strategic thinker
• Strong collaboration, interpersonal, management, and ability to interact and present to management
• Previous experience in Agile work environment preferred
• Ability to work in an open, fast-paced and dynamic environment
• Ability to research and manage multiple projects and deadlines simultaneously
• Demonstrated oral and written communication and interpersonal skills, planning and implementation skills and negotiation skills
• Strong PC literacy in word processing, spreadsheets, databases, and presentations is required
• Additional Certifications preferred (e.g., CRCM)

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