Job Information
U.S. Bank Financial Crimes Controls Advisory Manager in Minneapolis, Minnesota
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
The Payment Services Financial Crimes Controls (FCC) Chief Risk Office (CRO) team is seeking a Financial Crimes Advisory Manager, specifically responsible for risk oversight and support of the Retail Payment Solutions (RPS), Corporate Payment Systems (CPS) and Prepaid Business Units within Payment Services.
Position Highlights
Providing advisory oversight of Financial Crimes Controls Programs specific to AML/BSA and Sanctions risks, including adherence to enterprise policies, documentation of controls, alignment of new products, services, and initiatives, and documentation of applicable risks. Financial Crimes and Sanctions oversight will include Canada and some Europe jurisdictional exposure related to CPS operating locations.
Proactively assess risk in business process and work with business lines on developing controls and executing remediation plans, as necessary. This will include assessing control efficacy and performing root cause analysis/resolution.
Managing Payment Services Business Line Advisory team to ensure risk oversight activities are executed, working effectively and that there are adequate controls to mitigate financial crimes risk. Additionally, will be responsible for ensuring appropriate credible challenge in support of business line and/or from risk oversight perspective.
Identify areas for process or control improvement and clearly communicate and assist in implementation, as appropriate.
Accountable for effective partnership between the Business Line (BL) and the Lines of Defense (LOD). Specifically, interfacing with business leaders, risk groups, Enterprise Financial Crimes Compliance and other second LOD teams to ensure appropriate risk management oversight and implementation of Payments Services Financial Crimes Programs.
Develop and present executive-level communication associated with risk oversight initiatives.
Build and maintain effective working relationships with key stakeholders.
Audit support & issue remediation.
Engaging with risk partners and Business Units to support system efforts for accurate record completion.
Basic Qualifications
Bachelor's degree, or equivalent work experience
Typically more than eight years of applicable experience
Preferred Skills and Experience
Considerable knowledge of applicable laws, regulations, financial services, and payments products including credit cards, prepaid programs, and corporate expense programs).
Considerable understanding of the Bank Secrecy Act, Patriot Act and Economic Sanctions laws, including related Canadian and European requirements.
Considerable knowledge of internal Enterprise Financial Crimes Compliance Policies related to AML/KYC, Financial Crimes Program and Economic Sanctions requirements.
Considerable knowledge of Risk/Compliance/Audit competency including product change management, self-assessments, control inventory and documentation, and internal/external exams.
Experience with large complex banking organizations and their product/service offerings.
Possess business acumen and credibility to help Payment Services Business Units proactively identify and address risk issues as well as enable responsible business growth.
Experience in interpreting policy, enforcing requirements, working with business partners, negotiating desired outcomes, executing project and implementation plans, and reporting issues and trends to management.
Excellent presentation, interpersonal, written, and verbal communication, presentation, relationship building and negotiation skills.
Strong understanding of issue management and the resolution process.
Forward thinking and possess the ability to anticipate risks and issues.
CAMS designation or equivalent risk management certification
Hybrid/flexible schedule
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 (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .
Benefits:
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 law
EEO is the Law
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. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) .
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $116,280.00 - $136,800.00 - $150,480.00
Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.