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SalaryAt 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
Financial Risk Review (FRR) Asset Liability Management (ALM) team performs independent review of the interest rate risk, liquidity risk, investment portfolio, and fund transfer pricing practices. The scope of review includes adherence to regulatory guidance, consistency with internal policies, and alignment with industry practices. We are seeking an experienced senior manager that has strong knowledge of these topics, risk management, and regulatory expectation at large financial institutions.
Summary Responsibilities
Evaluates interest rate risk, investment portfolio, balance sheet swaps and fund transfer practices methodologies, approaches and assumptions.
Evaluate balance sheet strategies to mitigate interest rate, liquidity, and capital risks.
Maintain an effective Continuous Monitoring program and proactively assess and identify existing and emerging risks and help ensure that they are measured, monitored, and managed effectively.
Keep abreast of industry best practices, regulatory guidance, financial market conditions and apply to the oversight of risk management activities.
Develop independent review scope and approach and produce succinct written annual assessments of risk management activities.
Identify gaps, weaknesses, and opportunities for strengthening practices and inform solutions that minimize risks.
Interact effectively with treasury, risk management, model governance, audit, regulators, and senior management and develop rapport and credibility in order to drive improvements.
- Bachelor's degree, or equivalent work experience
- Typically more than 10 years of applicable experience
Preferred Skills/Experience
- Bachelor’s degree or higher in Finance, Financial Risk Management, or a related field; CFA a plus
- 7 plus years of experience in interest rate risk management, including assessing the strategy and impact on investments and loan portfolios, funding, earnings, and capital
- 7 plus years of experience in banking, financial services or related industry
- Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases (Access Database, SQL Server, Oracle), and presentations.
- Excellent presentation, interpersonal, written and verbal communication skills.
- Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends related to interest rate risk management
- Considerable understanding of the business line's operations, products/services and systems
- Strong process facilitation, project management, and analytical skills
This role is hybrid. Team members who are in a hybrid role typically spend three days a week at the listed U.S. Bank location(s), while having flexibility on their work location for the other working 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 (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.
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.
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, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $129,455.00 - $152,300.00 - $167,530.00Job 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.
