Job Information
U.S. Bank Operations Chief Risk Officer in Earth City, Missouri
At U.S. Bank, we’re 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 at—all from Day One.
Job Description
The Operations Chief Risk Officer (CRO) is the senior most operating officer for risk and risk-related governance within Operations and reports directly to the Chief Operations Officer (COO) of U.S. Bank, with dual reporting to the Chief Risk Officer (CRO) of U.S. Bank. This role provides oversight of this enabling function’s control activities and ensures adherence to U.S. Bank’s Risk Management Framework, including Risk Appetite and Risk Scorecard metrics and to all risk-related and departmental policies, processes and procedures. The role oversees the ongoing identification and assessment of this enabling function’s material risks and key controls.
KEY RESPONSIBILITIES
The Operations CRO is responsible to oversee and direct activities to monitor ongoing compliance with our Risk Management Framework and Risk Appetite requirements. This includes involvement in strategic planning, Operations design decisions and other key business decision-making. This leader drives the identification of internal and external events as well as potential scenarios that could adversely impact the U.S. Bank and the function. Additionally, this role is responsible to lead key risk program accountabilities across Operations: issue management, audit and exam management, assurance programs, operational and technical resiliency, regulatory change management, model risk management, data risk governance, compliance risk management, risk profile and control design as well as SOX, FRRC and SOCR.
The Operations CRO is responsible for the identification and escalation of material risks and control deficiencies to the appropriate parties, including significant instances where risks are not aligned with our Risk Appetite as well as significant instances of non-compliance with policy requirements. Other responsibilities include ensuring that appropriate actions are taken to evaluate root cause for adverse events, and to drive corrective actions to strengthen risk management practices or reduce risk across the enabling functions. They also ensure adherence to programs that are established to attract, develop, and retain the talent and staffing levels necessary to support U.S. Bank’s Risk Management Framework and Risk Appetite.
The Operations CRO is a voting member of the Executive Risk Committee and several senior operating committees and subcommittees. They are a key member of the Operations Senior Leadership team and ensure appropriate risk governance and reporting within Operations in addition to ensuring the alignment of roles and responsibilities between the lines of business and the Operations team, defining ownership between shared functions, issues, and risks. They interact regularly with executive leadership across the bank and banking regulators.
QUALIFICATIONS
Expert understanding of applicable laws, regulations, financial services, and regulatory trends that impact Operations
Highly skilled relationship and negotiation skills as well as strong ability to manage through crisis situations
Exceptionally strong skills in leadership and management of process, projects, presentations and people
Exceptionally strong oral and written communication, interpersonal, planning and implementation skills
Experience managing a large senior team
Strong system skills (Microsoft 365)
If there’s 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 (https://careers.usbank.com/global/en/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. That's 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 (some may vary based on role, location or hours):
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
EEO is the Law
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.
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 (https://careers.usbank.com/verification-of-eligibility-for-employment) .
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 role. In 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: $274,295.00 - $322,700.00 - $354,970.00
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.