Business Risk Professional

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, enabling the communities we support to grow and succeed in the right ways, all more confidently and more often—that’s what we call the courage to thrive. 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. Try new things, learn new skills and discover what you excel at—all from Day One.
As a wholly owned subsidiary of U.S. Bank, Elavon is committed to building the platforms and ecosystems that help over 1.5 million customers around the world to achieve their financial goals—no matter what they need. From transaction processing to customer service, to driving innovation and launching new products, we’re building a range of tailored payment solutions powered by the latest technology. As part of our team, you can explore what motivates and energizes your career goals: partnering with our customers, our communities, and each other.

JOB DESCRIPTION

Reporting to the Payments Compliance Manager on the Payment Services Chief Risk Office (PS CRO) team, the Business Risk Professional will play a key role in administering the Compliance Material Review and Approval (CMRA) program and ensuring compliance by Payment Services and Operations business lines with the U.S. Bancorp Enterprise Compliance Program Policy. CMRA is a critical business line control program that ensures business line initiatives are delivered on time and in compliance with Bank and regulatory requirements. Key responsibilities include:

• Acting as a liaison between material owners and compliance oversight groups to facilitate an effective, efficient CMRA program.
• Tracking and monitoring the status of material reviews and communicating with material owners to meet outstanding requirements in a timely manner.
• Training, educating and communicating program process, rules and related regulations to material owners and the business lines.
• Responding to queries from material owners about the CMRA program and related standards and facilitating them in meeting the requirements of the CMRA program, e.g. by clarifying the materials in-scope of the program and/or how to improve existing documentation.
• Updating and maintaining department standards and procedure manuals as needed to ensure program-related processes are clearly documented and consistent.
• Identifying and escalating program-related issues as needed.
• Developing a working knowledge of the business lines’ key operations, as needed, to ensure the quality of reviews and risk assessments.
• Designing and implementing enhancements to improve efficiency of the CMRA program.
• Supporting the Payments Compliance Manager on conduct of business and consumer protection initiatives as needed.

BASIC QUALIFICATIONS

• Bachelor’s degree, or equivalent work experience.
• Typically three or more years of relevant professional experience, with experience of creating or reviewing customer-facing material or internal policies and procedure.
• Applicable professional certifications in risk and compliance preferred (e.g., a professional diploma in risk management or other relevant risk-based qualification).

PREFERRED SKILLS/EXPERIENCE

• Good understanding of MPS’ business line’s operations, products/services, systems, and associated risks/controls.
• Good understanding of applicable laws, regulations and regulatory trends relating to the Payment Services and Operations business lines, in particular conduct of business and consumer protection requirements.
• Effective oral and written communication skills, with strong analytical and report-writing skills.
• Excellent organisational and process facilitation skills, with the ability to manage multiple projects simultaneously.
• Ability to learn and communicate key risk management concepts.
• Proficient computer navigation skills, particularly word processing, spreadsheet, databases, and presentations.
• Good judgment, with the ability to make sound decisions with limited or incomplete information.
  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:
  We offer an exciting, fast-paced and diverse working environment with employees of many different nationalities. We provide benefits to help you protect your health and financial security; and give you peace of mind. We also invest in your career growth with development resources that give you the opportunity to stretch and shine

• Acting as a liaison between material owners and compliance oversight groups to facilitate an effective, efficient CMRA program.
• Tracking and monitoring the status of material reviews and communicating with material owners to meet outstanding requirements in a timely manner.
• Training, educating and communicating program process, rules and related regulations to material owners and the business lines.
• Responding to queries from material owners about the CMRA program and related standards and facilitating them in meeting the requirements of the CMRA program, e.g. by clarifying the materials in-scope of the program and/or how to improve existing documentation.
• Updating and maintaining department standards and procedure manuals as needed to ensure program-related processes are clearly documented and consistent.
• Identifying and escalating program-related issues as needed.
• Developing a working knowledge of the business lines’ key operations, as needed, to ensure the quality of reviews and risk assessments.
• Designing and implementing enhancements to improve efficiency of the CMRA program.
• Supporting the Payments Compliance Manager on conduct of business and consumer protection initiatives as needed