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.
SUMMARY
The Payments RCA (Risk, Compliance & Audit) Professional will have the proven skills and experience to contribute toward the success of the Payments Risk Operational Loss Reporting program and in the ongoing process and/or activities that ensure compliance with applicable federal, state, and local laws and regulations. Identifies gaps and informs solutions that minimize losses resulting from inadequate internal processes, systems, or human errors. Identifies, responds, and/or escalates risks as appropriate on, or the U.S. Bancorp reputation.
This position will focus on timely and accurate monthly Operational loss reporting in the Operations Loss Database, conduct root cause analysis, prepare root cause memo write-up, monthly Business line Ops loss certification and eGRC Archer Issue follow-up. This position will serve as a functional liaison between the Line-of-Business and the Lines-of-Defense.
RESPONSIBILITIES
- Collaborate with staff at multiple levels to capture Operational Loss activity for the Payments business line Operational Loss Reporting Process.
- Complete and coordinate the Monthly Operational Loss certification process.
- Organize and chair the root cause meeting process by working with the business line, issue management and lines of defense to complete the root cause memo.
- Respond to event testing notifications from Operational Loss Management.
- Manually enter or enrich data for upload into the Ops Loss Database including accounting accruals
- Perform monthly reconciliations between Operational Loss Database and General Ledger.
- Review and update procedures to ensure they comply with Regulatory requirements.
- Assist or work on special projects and ad hoc requests as needed.
- Train fellow Payments employees on the Operational Loss reporting process.
- Use critical tools to proactively monitor potential impacts: Archer, Tableau, Power Apps, AI, Ops Loss Database.
BASIC QUALIFICATIONS
- Typically more than six years of applicable experience
- Bachelor's degree or equivalent work experience.
PREFERRED SKILLS/EXPERIENCE
- 3+ years of experience in operational risk management and/or issue management.
- Strong knowledge of RCA (Risk, Compliance & Audit) principles and practices.
- Applicable risk management training and/or certifications.
- Experience with Payments (Issuing/Acquiring), particularly Merchant Payment Services (MPS).
- Familiarity with accounting entries and collaboration with Finance teams.
- Technical Skills:
< Proficiency in Microsoft Office Suite (especially Excel) and data visualization tools such as Tableau or Power BI.
< Ability to leverage technology for reporting, analysis, and process improvement.
- Communication & Interpersonal Skills:
< Excellent written, verbal, and presentation skills.
< Ability to convey complex information in a clear, concise, and logical manner to diverse audiences.
< Skilled at building relationships and working effectively across all levels of the organization.
- Leadership & Problem-Solving:
< Strong process facilitation, project management, and analytical skills.
< Demonstrated ability to solve problems proactively, take initiative, and exhibit curiosity and eagerness to learn.
< Capable of working both independently and collaboratively as a team player.
- Organizational & Performance Skills:
< Exceptional organizational skills, with the ability to manage multiple priorities and tasks.
< Proven ability to perform under pressure and respond quickly to changing demands.
< Ability to apply knowledge effectively in training scenarios and real-world incidents.
This position 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.
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:
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
Review our full benefits available by employment status here.
U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.
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.
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: $105,400.00 - $124,000.00U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Posting may be closed earlier due to high volume of applicants.