Operational Risk Review (ORR) Lead Analyst

Operational Risk Review Lead Analyst

U.S. Bank is seeking an Operational Risk Review (ORR) Lead Analyst responsible for leading and 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 IRRA's operational risk review program by coordinating complex review activities, leading issue validations, supporting strategic projects, and using data-informed analysis to strengthen ORR conclusions, reporting, and effective challenge.

Responsibilities include leading and executing operational risk reviews, issue validations, continuous monitoring activities, and other ORR projects in accordance with established methodology, timelines, quality expectations, and stakeholder commitments. The role also involves supporting ORR process improvement, guidance material development, data enablement, reporting enhancements, and other initiatives that improve consistency, quality, efficiency, and transparency across ORR execution.

The ORR Lead Analyst will coordinate review activities across analysts and stakeholders, including planning work, clarifying roles, monitoring progress, reviewing work product, and ensuring timely escalation of issues, dependencies, or quality concerns. They will lead issue validation activities by assessing whether corrective actions address root cause, whether remediation is sustainably implemented, and whether evidence supports closure or requires continued challenge.

The role requires evaluating processes, controls, documentation, systems, data, and evidence to identify control weaknesses, process gaps, remediation deficiencies, and risk exposure within the operational risk and control environment. The ORR Lead Analyst will develop and review audit-ready workpapers, testing support, analysis, reporting materials, issue language, validation conclusions, and executive-ready summaries that are clear, complete, and supportable.

Additionally, the ORR Lead Analyst will use data, reporting, and analytical techniques to identify trends, anomalies, population/sample considerations, emerging risks, evidence gaps, and opportunities to improve review coverage or validation consistency. They will apply credible and constructive effective challenge with business line stakeholders and Risk Management partners to influence sustainable solutions that mitigate operational risks.

The ORR Lead Analyst will communicate review results, issue validation outcomes, significant risks, and escalation items through clear verbal updates and concise written deliverables to the ORR Team Lead, Manager, Senior Manager, and other stakeholders. They will coach and provide work direction to supporting analysts on assigned review or validation activities, including feedback on evidence evaluation, documentation quality, data analysis, communication, and issue escalation.

Basic qualifications include a bachelor's degree, or equivalent work experience, and typically more than six years of applicable experience. Preferred skills/experience include advanced knowledge of operational risk, control frameworks, issue management, remediation validation, and risk-based review practices.