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U.S. Bank Corporate Compliance Analyst in MINNEAPOLIS, Minnesota

Responsible for maintaining a high degree of knowledge of laws and regulations relating to credit cards, related payment systems and credit card risk and operation functions, with a focus on data analytics used in marketing and/or credit risk, fraud, and underwriting, Consult on business line policies, procedures, control design and training as needed. Provide regulatory and compliance advice regarding the impact of compliance requirements and emerging risks on business activities, and business line controls. Perform regulatory risk assessment review of business line products, processes, systems and procedures to ensure compliance with applicable laws. Participate in regulatory change implementation projects to ensure business line compliance. Monitor business line quality assurance and quality control results as well as internal audit and compliance audit results. Actively engage with the business line to understand products, services and operations and monitor compliance with applicable compliance requirements. Provide regulatory oversight to ensure business line maintains regulatory compliance procedures and controls, and identify, assess and monitor compliance issues.

ESSENTIAL FUNCTIONS:

  • Maintain a high level of compliance awareness and knowledge to effectively support credit card risk, operation and servicing functions.

  • Participate in the approval process for customer facing materials, business change, procedures and third party reviews.

  • Participate in product, services, and system development to ensure compliance with appropriate laws and regulations.

  • Participate in timely and effective implementation of legal and regulatory changes.

  • Participate in the development and maintenance of compliance programs with appropriate internal controls, policies, procedures, communication vehicles and monitoring.

  • Identify compliance problems through compliance testing, analysis of audit reports, review of complaints, review of policy and procedures, monitor public media, staff meetings and on-going interaction with other compliance personnel; ascertain root cause; and monitor and follow up on outstanding compliance issues to ensure timely resolution.

  • Work with management and staff in areas affected by changes in products, systems, vendors or personnel to ensure ongoing compliance, and to effectuate understanding and implementation of new policies and procedures.

  • Participate in the development and implementation of necessary training programs to ensure and improve compliance and to make sure the training addresses issues discovered by monitoring or audit review.

  • Provide management with periodic assessments of the level of compliance.

  • Ensure that compliance files are maintained, documenting compliance activities and maintaining appropriate reporting in support of compliance processes.

Qualifications:

Basic Qualifications

  • Bachelor's degree, or equivalent work experience

  • Seven to ten years of applicable experience

Preferred Skills/Experience

  • Minimum 5 years’ experience with credit card industry- prior experience with a bank or credit card company or professional services' firm (e.g. law firm, public accounting) that specializes in managing credit card servicing

  • Expertise in credit card risk and servicing activities such as fraud, credit risk, credit card application, payment processing, credit card payment servicing, consumer disputes, and credit card servicing.

  • Regulatory and compliance specialization within banking and financial services

  • Excellent verbal and written communication skills

  • Project-oriented, with demonstrated effective performance in a fast-paced, changing environment

  • Operations and/or database management experience

  • Considerable knowledge of government and regulatory laws and regulations impacting the credit card industry, including interpreting and implementing Regulation Z, Regulation B, Fair Credit Reporting Act, and more.

Job: Risk/Compliance/QC/Audit/Fraud

Primary Location: Minnesota-MN-Minneapolis

Shift: 1st - Daytime

Average Hours Per Week: 40

Requisition ID: 190040634

Other Locations: United States

U.S. Bank is an Equal Opportunity Employer committed to creating a diverse workforce.

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

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