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 position will support the U.S. Bancorp's Company's Fair and Responsible Banking (FaRB) Program Policy ("Policy") and helps establish and provide oversight for FaRB manual file review for credit products and activities offered by Business Lines (BLs) across the entire product process. The File Review Manager will lead a team of compliance professionals. He/she will collaborate with the FaRB groups and stakeholders of various levels within the organization, including Corporate Compliance, Legal, and BL personnel, to help ensure the effective performance of the Policy.
This position requires an understanding of business objectives and key fair lending and responsible banking risk drivers across the product process. The successful candidate would be expected to communicate file review results concisely to a broad audience, including senior management. This position reports to the U.S. Bancorp Fair and Responsible Banking Analytics Director.
We are looking for candidates with the proven ability to work and thrive in a rapid-paced, deadline-driven, and team-oriented environment; who have project management skills; and who have the drive to continually meet new challenges.
ESSENTIAL FUNCTIONS:
Oversee File Review team for all BLs associated with, and credit products offered by, U.S. Bank
Manage team of compliance professionals in the performance of manual file reviews associated with various risk factors such as Pricing, Underwriting, Credit line assignment/adjustment, Loss Mitigation, Redlining, Exceptions, Processing times, Steering
Work to implement enhancements to statistical analysis based on feedback from loan level reviews on proportions testing and odds ratios, regression analysis including logistical and linear regression models as well as sampling and matched pair methodology
Compile results of analyses and collaborate with 1st line of defense partners in identifying program risk control gaps, policy and procedural deficiencies and process improvements
Participate in annual and periodic analysis scheduling and prioritization
Collaborate with analysts and managers to illustrate analysis and review results into reports/memos
Responsible for conveyance of observations stemming from analyses to various BLs and channels within the bank
Support regulatory exam activities as well as internal audit related activities ?
Oversee the process of analysis report finalization, distribution, and documentation of all associated materials as well as log of completed reports
Partial owner responsible for maintenance and oversight of Data Management, Analytics and File Review shared mailbox
Responsible for formalized issue oversight resulting from observations stemming from file reviews from identification of risks, through vetting formal issues to assessment for the purposes of closing formal issues
Partner closely with other compliance teams for loan level insight and ad hoc related activities
Responsible for periodic review and oversight of the File Review Desktop procedures
Oversee QC/QA File Review team and assess both final 2nd level reviews, results of QA/QC sample review and business line responses
Basic Qualifications
Bachelor's degree, or equivalent work experience
Ten or more years of experience in an applicable risk management environment
Applicable certifications
Preferred Skills/Experience
At least 10 years of related experience, preferably in financial services
Ability and experience in directing staff to develop and execute FaRB file review, and maintain file review working paper in a consistent, accurate and completeness manner
Ability to lead a team of fair and responsible banking compliance professionals, implement strategic plans, influence business line management to proactively mitigate Fair Lending and Responsible Banking risk, and manage multiple complex projects and deadlines simultaneously
Advanced knowledge of fair and responsible banking laws and regulations, including Fair Lending Laws, UDAAP, and consumer protection laws, as well as related regulatory examination standards, applicable regulatory guidance, and litigation and enforcement actions.
Thorough knowledge of U.S. Bancorp operations, policies and procedures, and the ability to review and revise policies and procedures to demonstrate effectuate compliance.
Certified regulatory compliance manager or certified audit professional with advanced experience in performing and leading manual file review
Excellent written, verbal, and interpersonal communication skills with the ability to generate effective presentations and management reporting and communicate concisely with BL partners and management.
Experience in participating in complex Fair Lending, HMDA, UDAP, UDAAP, or consumer protection-related matters, enforcing requirements, working with auditors and examiners, negotiating desired outcomes, executing project and implementation plans, and reporting issues and trends to management
This role requires working from a U.S. Bank location three (3) or more days per week.
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:
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 (https://careers.usbank.com/global/en/benefits/us) .
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 (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: $133,365.00 - $156,900.00
U.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.
