CCAR & Third-Party Submissions Analyst

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

We are seeking an experienced (3-5 years) Submissions Reporting Analyst to join our CCAR and Third-Party Submissions team. The ideal candidate will have a background in CCAR submission preparation and delivery, ideally 14M and 14Q experience, strong financial reporting acumen and attention to detail, and data management experience. You will play a key role in preparing financial schedules and supporting risk management strategies and initiatives across the bank. This will include creating and maintaining CCAR and third-party data submissions to both commercial and regulatory stakeholders, automating and simplifying recurring reporting processes or sourcing information from a variety of data sources and systems by writing database queries in SQL or other database query languages, experience with Python and/or SAS a plus.

Key Responsibilities:

Run or support monthly and quarterly reporting processes, ensuring timely and accurate delivery of reports

Assist in the preparation and submission of regulatory and third-party reports related to commercial and consumer loan portfolios.

Ensure accuracy and compliance with relevant financial regulations and reporting standards

Analyze and monitor current reporting processes and procedures and look for ways to find efficiencies and automation

Collect, analyze and interpret large datasets related to the bank loan portfolio

Communicate insights and recommendations to Submission Manager and other team members in order to support strategic goals of the bank

Basic Qualifications:

– Bachelors degree, or equivalent work experience

– Typically more than five years of applicable experience

Preferred Skills/Experience

Bachelor’s degree in finance, accounting, business or a related field

Typically, more than three years of applicable work experience

Strong understanding of credit risk principles, financial reporting and regulatory requirements, including 14M, 14Q.

Thorough knowledge of Risk/Compliance/Audit competencies

Strong analytical and problem-solving skills with attention to detail

Proficient using Microsoft Office applications, SQL, PowerBI, Python.S

Ability to work independently and as part of a team.

Who we are:

We are a highly dynamic and talented team which delivers on our mission through four pillars: Customer, Process, Talent, and Data.

Vision | We create the future of credit risk management through data, analytics, and risk process innovation for our customers.

Mission | We deliver data-driven information solutions to protect our stakeholders and inform the most significant financial decisions in the bank.

Values | In addition to U.S. Bank core values, we prioritize collaboration, integrity, simplicity, and continuous learning.

How we are organized:

We are organized across the following teams:

External Reporting and Program Management | Responsible for the company’s Credit Risk related external financial, regulatory reporting and enterprise reporting, as well as the coordination and management of operational and compliance risk programs as they pertain to Credit Risk

Model Development and Decision Support | Responsible for development and implementation of CECL and CCAR models, and the Potential Future Exposure (PFE) model for derivatives . Implements and runs the CECL and CCAR models in production. (PFE production is owned by counterparty credit risk.) Leads the credit piece for stress testing exercises, including CCAR and off-quarter enterprise-wide stress tests. Manages PDR templates and analysis of drivers within the templates.

Data Strategy, Reporting and Transformation | Responsible for providing the strategy, innovation and framework for credit data and related platforms for delivering internal management reporting as well as for leading process improvement and transformation efforts

across Credit Risk Management.

Allowance for Credit Losses | Responsible for providing the estimation, documentation, governance, and disclosure of the quarterly allowance for credit losses in compliance with both financial and regulatory guidance.

Credit Policy and Quality Assurance| Responsible for overseeing the credit policy framework and governance, regulatory exams and process, and Credit Quality

Assurance.

What you can expect:

A challenging, dynamic, diverse and inclusive environment where we value your creative thoughts and energy, we listen to our customers and we contribute to our community.

A collaborative team and strong communication of timelines, expectations and deliverables.

An environment of integrity and work ethic.

Periodic check-in meetings with your manager.

What we expect from you:

Subject matter expertise, passion and commitment

Execution against defined timelines and deliverables

Compliance with all requirements, including ethical consideration, laws and training

Early communication of control issues, concerns or roadblocks

Thoughtful expense management

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: $90,100.00 – $106,000.00 – $116,600.00

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.