ALM Review Manager

at  US Bank National Association

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

Financial Risk Review (FRR) Asset Liability Management (ALM) team performs independent review of the interest rate risk, liquidity risk, investment portfolio, and fund transfer pricing practices. The scope of review includes adherence to regulatory guidance, consistency with internal policies, and alignment with industry practices. We are seeking an experienced senior manager that has strong knowledge of these topics, risk management, and regulatory expectation at large financial institutions.

Basic Qualifications

• Bachelor’s or advanced degree, or equivalent work experience
• Typically more than 12 years of applicable experienc

Preferred Skills/Experience

• Bachelor’s degree or higher in Finance, Financial Risk Management, or a related field; CFA a plus
• 7 plus years of experience in financial risk management
• 7 plus years of experience in banking, financial services or related industry
• Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases (Access Database, SQL Server, Oracle), and presentations.
• Excellent presentation, interpersonal, written and verbal communication skills.
• Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends related to interest rate risk management
• Considerable understanding of the business line’s operations, products/services and systems
• Strong process facilitation, project management, and analytical skill

SUMMARY RESPONSIBILITIES

• Evaluates interest rate risk, investment portfolio, balance sheet swaps and fund transfer practices methodologies, approaches and assumptions.
• Evaluate balance sheet strategies to mitigate interest rate, liquidity, and capital risks.
• Maintain an effective Continuous Monitoring program and proactively assess and identify existing and emerging risks and help ensure that they are measured, monitored, and managed effectively.
• Keep abreast of industry best practices, regulatory guidance, financial market conditions and apply to the oversight of risk management activities.
• Develop independent review scope and approach and produce succinct written annual assessments of risk management activities.
• Identify gaps, weaknesses, and opportunities for strengthening practices and inform solutions that minimize risks.
• Interact effectively with treasury, risk management, model governance, audit, regulators, and senior management and develop rapport and credibility in order to drive improvements.

Basic Qualifications

• Bachelor’s or advanced degree, or equivalent work experience
• Typically more than 12 years of applicable experience

Preferred Skills/Experience

• Bachelor’s degree or higher in Finance, Financial Risk Management, or a related field; CFA a plus
• 7 plus years of experience in financial risk management
• 7 plus years of experience in banking, financial services or related industry
• Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases (Access Database, SQL Server, Oracle), and presentations.
• Excellent presentation, interpersonal, written and verbal communication skills.
• Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends related to interest rate risk management
• Considerable understanding of the business line’s operations, products/services and systems
• Strong process facilitation, project management, and analytical skills

The role offers a hybrid/flexible schedule, which means there’s 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.

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 la