Operational Risk Review (ORR) Analyst

At U.S. Bank were 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 atall from Day One.

Job Description

U.S. Bank is seeking an Operational Risk Review (ORR) Analyst responsible for executing review issue validation project and data-focused activities within Independent Risk Review and Assessment (IRRA) a centralized second line of defense independent review function. This role supports the continued growth enhancement and delivery of IRRAs operational risk review program by contributing to risk-based reviews issue validations strategic projects and data-informed analysis across business lines and enabling functions. ORR provides independent review and effective challenge of the Companys operational risk inclusive of technology risk and operational risk-related processes and -scope risk categories include Fraud Operations People Security of Physical Assets Third Party Business Resiliency Systems Cyber/Information Security Legal Model Conduct Data Management and Fiduciary. Objective risk mitigation process and control review activities include planning and scoping design and execution reporting and rating issue creation and issue validation.

Responsibilities

• Execute assigned portions of operational risk reviews issue validations reviews continuous monitoring and other ORR projects in accordance with established methodology timelines and quality expectations.
• Evaluate business processes controls documentation data and evidence to support conclusions regarding process and control design execution issue remediation and risk exposure.
• Support issue validation activities by assessing corrective actions root-cause alignment sustainability of remediation and completeness of supporting evidence.
• Develop detailed organized and audit-ready workpapers analysis testing documentation and support materials that clearly connect evidence to observations and conclusions.
• Develop and use data and reporting outputs to identify trends anomalies population/sample considerations and potential areas of elevated operational risk.
• Partner with business line stakeholders and other Risk Compliance and Audit professionals to obtain information clarify observations and support effective challenge of risk process and control practices.
• Identify and escalate potential process or control weaknesses evidence gaps validation concerns or significant risks to the ORR Lead Analyst Team Lead Manager or Senior Manager as appropriate.
• Prepare clear written summaries and verbal updates regarding review progress analysis performed findings issues risks dependencies and next steps.
• Contribute to process improvement template enhancement data quality routines and other initiatives that improve consistency transparency and efficiency in ORR execution.

Basic Qualifications

• Bachelors degree or equivalent work experience.
• Typically more than five years of applicable experience.

Preferred Skills/Experience

• Basic to intermediate knowledge of operational risk control frameworks issue management remediation validation and risk-based review practices.
• Basic to intermediate Risk Compliance and Audit competencies including the ability to evaluate evidence and document supportable conclusions.
• Solid understanding of business operations products services systems processes data and associated risks.
• Solid analytical skills with the ability to review facts identify patterns evaluate data and connect evidence to risks controls and remediation outcomes.
• Effective process facilitation and project management skills including the ability to manage assignments deadlines dependencies and shifting priorities.
• Effective presentation interpersonal written and verbal communication skills including the ability to summarize complex information clearly and professionally.
• Proficient computer navigation skills using Microsoft Office applications including Word Excel PowerPoint and related reporting data or workflow tools.
• Applicable professional certifications such as CRCM CAMS CPA CIA CISA CRISC or similar credentials are preferred.

LOCATION EXPECTATIONS: This role requires working from a U.S. Bank Location three (3) or more days per week.

NOTE: This position is not eligible for current or future visa sponsorship.

If theres anything we can do to accommodate a disability during any portion of the application or hiring process please refer to our disability accommodations for applicants .

Benefits:

Our approach to benefits and total rewards considers our team members whole selves and what may be needed to thrive in and outside work. Thats why our benefits are designed to help you and your family boost your health protect your financial security and give you peace of mind. Our benefits include the following:

• 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

Review our full benefits available by employment status here .

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race religion color sex national origin age sexual orientation gender identity disability or veteran status and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location which is listed first. The actual range for the role may differ based on the location of the addition to salary U.S. Bank offers a comprehensive benefits package including incentive and recognition programs equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $92820.00 - $109200.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition certain positions may also be subject to the requirements of FINRA NMLS registration Reg Z Reg G OFAC the NFA the FCPA the Bank Secrecy Act the SAFE Act and/or federal guidelines applicable to an agreement such as those related to ethics safety or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.

Required Experience:

IC