Job Information
U.S. Bank Business Line Risk Specialist in Dublin, Ireland
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
The Business Line Risk Specialist will be part of the U.S. Bank Investment Services EU Chief Risk Office (IS CRO). The Risk Specialist will provide technical expertise and support to the Depositary services business unit to manage their relevant risk requirements.
The role will have responsibility for supporting the relevant risk programs to ensure they are implemented and effective in minimizing the risks identified in the Bank’s risk framework (e.g., compliance, legal, operational, and reputational risk).
Key working relationships
The business line risk specialist will be required to build and maintain effective relationships with the business line, including business line leaders and members of the second line of defense functions (compliance, operational risk) and third line of defense audit personnel.
The Risk Specialist will be expected to quickly understand the risk requirements across the business lines and ensure that all deadlines are met. The role is diverse and varied and requires an individual who is flexible and adaptable to deal with requests from the business line and second line of defense
Responsibilities
Oversee business line implementation of US Bank policies by ensuring appropriate processes, procedures and controls are implemented within the business line.
Oversee the Risk Control Self Assessments and Enterprise Compliance Risk Assessments with the business lines and ensure assessment of Inherent Risk and Control Effectiveness Ratings are undertake with the business lines.
Recommend changes to strengthen controls and to mitigate the underlying operational risks.
Actively consider and assess the inherent and residual material risks of the business line processes and provide solutions.
Engage with stakeholders across the business to evaluate and document operational losses, errors and complaints including review of root cause analysis, resolutions and ensuring appropriate future migrants are implemented.
Review of applicability and impact of regulatory change including assisting the business line with the performance of gap analysis and overseeing the implementation of action plans in accordance with deadlines.
Assist in the review of the risks associated with new product and business initiatives and the impact on the business line control environment.
Creation and/or review of busses line procedures,
Work with both Service User and Service Provider in relation to Intragroup Outsourcing Arrangements to create Statements of Work with appropriate Key Performance Indicators in line with the Bank’s outsourcing policy
Assess third party vendors and ensure that they appropriate due diligence is undertaken in line with the Bank’s third-party risk management programme
Review of risks associated with business change.
Preparation of materials for committee and board meetings with senior management, including participation in committees and forums as required.
Provide senior management with relevant management information and escalate concerns when necessary and required.
Essential experience, skills, and competencies
Minimum 5 years’ experience in Financial Services in a Risk and/or Control position, with previous experience within trust / fund administration and/or capital markets preferred.
Proven track record and excellent understanding of operational and compliance risk.
Strong understanding of risk and control environments.
Comfortable working as a self-starter and as part of a project management team.
Ability to operate in a matrix organization, build relationships across business lines, strong communications skills.
Provide challenge across all levels of management.
Good documentary skills, with strong written and verbal communication; and
Precision in all aspects of work; solutions driven; strong team ethos.
Individual who takes initiative and ownership of assigned responsibilities.
Positive ‘can do’ attitude with excellent problem-solving skills.
Detail-oriented.
Team player.
Strong organizational and administrative skills.
Deadline oriented.
Flexible.
A university degree.
Professional risk qualification advantageous.
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.
This position is not eligible for visa sponsorship.
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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 :
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.