Enterprise Financial Crimes Risk Management Lead

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

Job Description

The Group

Enterprise Financial Crimes Compliance (EFCC), led by the BSA/AML Officer, oversees the Company’s risk-based financial crimes program and associated regulatory oversight and support of key controls that comply with program requirements. As the EFCC Hub, EFCC Risk Management promotes a strong financial crimes risk discipline and control environment through ongoing oversight, support, collaboration, and credible challenge across the three lines of defense.

The Role

The EFCC Risk Management Lead, with the support of his/her team, provides oversight and credible challenge to Business Lines and Support Functions on the effectiveness of processes and controls that mitigate financial crimes risk. Strong partnerships with Business Line and Support Functions senior leaders enable the development and implementation of sound risk mitigation practices through repeatable and sustainable controls. The EFCC Risk Management Lead evaluates and articulates risks present in strategic initiatives and new products/services as well as identifies potential emerging risks based on industry practices. This leader promotes and enables compliance with regulatory requirements facilitates prompt escalation and ethical, transparent risk dialogue across the three lines of defense.

The EFCC Risk Management Lead has experience leading teams and working in first or second line financial crimes functions at larger financial institutions. Additionally, this leader has knowledge of effective risk management, as well as, extensive knowledge and application of financial crimes regulatory requirements and industry practices. Risk Management provides ongoing advice and counsel on financial crimes-related matters and services a key participant related audit and regulatory engagements. In close coordination with the Risk Management Director and other EFCC program functions, the EFCC Risk Management Lead provides a consolidated risk view and formulates recommendations to comprehensively manage exposure.

Additionally, the EFCC Risk Management Lead:

Partners with Senior to Executive Leaders in their assigned Line of Business, Risk/Compliance/Audit (RCA) Consultants, RCA Managers and other Senior RCA Managers to, depending on the function, oversee the successful creation, implementation, and maintenance of an effective risk management framework. Accountable for projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations. Identifies gaps and drives solutions that minimize losses resulting from inadequate internal processes, systems or human errors. Accountable for the active identification, response and/or escalation of risks as appropriate. Influences policies and procedures to maximize profit potential and minimize regulatory exposure. Accountable for an effective partnership between the Line of Business and the Lines of Defense. Manages a team of RCA Professionals with responsibility for staffing, performance management, prioritizing, guidance and training.

Basic Qualifications

– Bachelors or advanced degree, or equivalent work experience

– Typically more than 12 years of applicable experience

Preferred Skills/Experience

– Considerable understanding of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business

– Considerable understanding of the business line’s operations, products/services, systems, and associated risks/controls

– Thorough knowledge of Risk/Compliance/Audit competencies

– Strong leadership and management skills of processes, projects and people

– Effective skills at managing stressful situations

– Effective written and verbal communication skills

– Strong analytical, problem-solving and negotiation skills

– Proficient computer skills, especially Microsoft Office applications

– Applicable professional certifications

The role offers a hybrid/flexible schedule, which means theres an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

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. 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 (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/2023-06/22-088EEOCKnowYourRights6.12ScreenRdr.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: $145,180.00 – $170,800.00 – $187,880.00

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.

Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.