Climate Risk Scenario Analysis Leader

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

This role will be a key part of the Climate Risk Team and be focused on leading the design, development, and implementation of scenario analysis capabilities. These capabilities will support the assessment of potential impacts of physical risk and transition risk, along with aligning with regulatory expectations & executing potential future regulatory exercises.
Working collaboratively with key internal stakeholders, including the Economic Scenario Team, Credit Risk Modeling, Central Stress Testing Organization, Credit Risk Management, ESG Program Office, Model Risk Management, and Business Lines, the candidate will be responsible for building cross-functional project teams to support the execution of the climate scenario analysis (CSA) program. The CSA program is responsible for two major workstreams: leading internally focused projects to better inform the company on climate risks; and leading projects in response to the increasing regulatory focus in this area.

Responsibilities will include:

• Lead enterprise-wide initiatives to related to Climate Risk scenario analysis / stress testing capabilities covering Physical and Transition Risks. Develop project plans, including scope, timeline, and participants for each initiative. Guide cross-functional teams to complete initiatives, manage relationships to gain support and commitment from other groups across the bank.
• Lead discussions with Economic Scenarios, Credit Risk Modeling, Credit Risk Management, Business Line, and other groups to develop new methodologies for evaluating climate risk impacts and drive implementation.
• Chair the Climate Scenario Working Group (CSWG). Lead ongoing CSWG meetings by determining topics, creating materials, and presenting/leading discussions. Identify CSWG members to support each climate scenario analysis project, build team, and gain support and commitment.
• Evaluate external vendor solutions to help fill gaps in data and/or analytical capabilities. Perform quality analysis on vendor solutions and lead vendor trial engagements. Manage external vendor/consultant engagements to complete climate scenario analysis projects.
• Support efforts that are led by our European subsidiary on European regulatory requirements around climate scenario analysis and stress testing.
• Develop project plan and lead projects to build capabilities that would allow the bank to prudently prepare for potential future regulatory exercises. Serve as company expert on climate stress testing industry practices and regulatory expectations.
• Present climate scenario analysis findings/results to senior leadership, including the Climate Risk Working Group (CRWG) and Climate Risk Executive Steering Committee

Preferred candidate would have the Sustainability & Climate Risk (SCR) certification through GARP, or willingness to complete certification upon employment.

BASIC QUALIFICATIONS

• Bachelor’s degree, or equivalent work experience
• Typically more than 10 years of applicable experience

PREFERRED SKILLS/EXPERIENCE

• Advanced knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business
• Advanced 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 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 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.

Responsibilities will include:

• Lead enterprise-wide initiatives to related to Climate Risk scenario analysis / stress testing capabilities covering Physical and Transition Risks. Develop project plans, including scope, timeline, and participants for each initiative. Guide cross-functional teams to complete initiatives, manage relationships to gain support and commitment from other groups across the bank.
• Lead discussions with Economic Scenarios, Credit Risk Modeling, Credit Risk Management, Business Line, and other groups to develop new methodologies for evaluating climate risk impacts and drive implementation.
• Chair the Climate Scenario Working Group (CSWG). Lead ongoing CSWG meetings by determining topics, creating materials, and presenting/leading discussions. Identify CSWG members to support each climate scenario analysis project, build team, and gain support and commitment.
• Evaluate external vendor solutions to help fill gaps in data and/or analytical capabilities. Perform quality analysis on vendor solutions and lead vendor trial engagements. Manage external vendor/consultant engagements to complete climate scenario analysis projects.
• Support efforts that are led by our European subsidiary on European regulatory requirements around climate scenario analysis and stress testing.
• Develop project plan and lead projects to build capabilities that would allow the bank to prudently prepare for potential future regulatory exercises. Serve as company expert on climate stress testing industry practices and regulatory expectations.
• Present climate scenario analysis findings/results to senior leadership, including the Climate Risk Working Group (CRWG) and Climate Risk Executive Steering Committe

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