U.S. Bank Operational Risk Oversight Specialist in Sioux Falls, South Dakota

We offer the exciting opportunity as an Operational Risk Oversight Specialist within U.S. Bancorp’s Operational Risk Management team. The successful candidate will have a strong internal audit and operational risk management background within a highly regulated industry and a large, dynamic organization. This position provides oversight within the 2nd Line of Defense and works cross-functionally to evaluate, mitigate, and report on operational risks. Key roles and responsibilities include, but are not limited to:

• Reviews and understands operational risks and risk management processes in order to identify and monitor issues associated with Operations risk

• Provides remediation suggestions and training as needed to business lines and/or 1st Line of Defense operational risk management teams

• Reviews and comprehends internal loss reporting to monitor risk management activities associated with significant losses

• Reviews and comprehends external loss data reporting, and understand its applicability to business lines

• Takes initiative to communicate emerging or changing risk and related control enhancements

• Understands business lines’ scenario analysis information- creating workshop materials and conducting workshops for relevant parties

• Assists with CCAR documentation preparation and reporting

• Maintains awareness of key process changes, system changes, organization or governance structure, and key outsourcing arrangements/Vendor exposure and how they impact operational risk management

• Maintains awareness of changes in the Business Line’s basic financial information such as revenue, income, projected growth, including mergers and acquisitions

• Collaborates on and leads special projects as needed


Basic Qualifications

  • Bachelor's degree, or equivalent work experience

  • Seven to ten years of experience in an applicable risk management environment

Preferred Skills/Experience

  • Undergraduate degree in business or business- related discipline required

  • Minimum of five years’ experience in operational risk management and/or internal audit within a highly regulated industry and a large, dynamic corporation

  • Excellent communication skills, both written and verbal, with extensive experience documenting operational risk management findings and building relationships cross-functionally

  • Strong skills in organizing and rationalizing large amounts of information, including impeccable accuracy and attention to detail

  • Banking/ Financial Services experience strongly preferred

  • Basel II operational risk management knowledge

  • Additional credentialing or education relevant to position

Job: Risk/Compliance/QC/Audit/Fraud

Primary Location: Minnesota-MN-Minneapolis

Shift: 1st - Daytime

Average Hours Per Week: 40

Requisition ID: 180035728

Other Locations: United States

U.S. Bank is an Equal Opportunity Employer committed to creating a diverse workforce.

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.