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U.S. Bank National Association

Business-Line Risk Manager - Corporate Asset Liability & Interest Rate Risk Management

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What they do

An Investment Fund Manager plans, directs, or coordinates investment strategy or operations for a large pool of liquid assets supplied by institutional investors or individual investors.

$174,534 / year median in Minnesota

+6% projected growth

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Job Description

Business-Line Risk Manager - Corporate Asset Liability & Interest Rate Risk Management U.S. Bank National Association - 3.5 Minneapolis, MN Job Details Full-time $133,365 - $156,900 a year 4 hours ago Benefits Paid holidays Disability insurance Health insurance Dental insurance 401(k) Adoption assistance Parental leave Vision insurance Life insurance Qualifications Employee relationship building Full Job Description 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 SUMMARY This position will support the Asset Liability Management (ALM) business unit, focusing on balance sheet forecasting, interest rate risk measurement and forecasting, and reporting through business line and corporate level committees.
RESPONSIBILITIES
Supporting the business line to comply with internal risk programs, policies, and regulatory guidance. Monitoring the program for proposed changes to translate through a risk-focused lens and assist in designing new control structures relevant to the changes. Serve as a trusted advisor in strategic initiatives to identify future risk profile changes and consult on approaches to absorb / measure/ limit risk. Support the business through internal reviews, audits, and exams Assist in scoping and remediating any identified weaknesses or issues with regard to risk policies and program requirements. Additional responsibilities for this position include: Partners with their assigned Line of Business, other Risk/Compliance/Audit (RCA) professionals, and RCA Managers to, depending on their function, create, implement, maintain, review or oversee an effective risk management framework. Participates in projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations. Identifies gaps and inform solutions that minimize losses resulting from inadequate internal processes, systems or human errors. Identifies, responds and/or escalates risks as appropriate. Serves as a functional liaison between the Line of Business and the Lines of Defense.
BASIC QUALIFICATIONS
Typically more than six years of applicable experience. Bachelor's degree, or equivalent work experience.
PREFERRED SKILLS/EXPERIENCE
Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business, specifically: < Interagency Policy Statement on Funding & Liquidity Risk management (SR 10-6). < Enhanced Prudential Standards (Reg YY). < Liquidity Coverage Ratio. < Net Stable Funding Ratio. < Interest rate Risk in the Banking Book (IRRBB). < FR 2052a Complex Institution Liquidity Monitoring Report. Considerable understanding of the business line's operations, products/services, systems, and associated risks/controls. Thorough knowledge of Risk/Compliance/Audit competencies. Strong analytical, process facilitation and project management skills. Effective presentation, interpersonal, written and verbal communication skills. Effective relationship building and negotiation skills. Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases and presentations. Applicable professional certifications.
LOCATION EXPECTATIONS
This role requires working onsite from a U.S. Bank location three or more days per week. 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.
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:
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 Review our full benefits available by employment status here. U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law. 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. 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:
$133,365.00 - $156,900.00 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. Posting may be closed earlier due to high volume of applicants.