Strategic Investments Risk Manager

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
NOTE: This 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. Locations: Minneapolis, MN, Charlotte, NC or Portland, OR.
This role presents an exciting opportunity to drive the continued enhancements of strategic risk oversight across the enterprise, working in the newly formed Reputation & Strategic Risk Management function within Risk Management & Compliance. The role is responsible for ensuring that risk associated with the Bank's strategic initiatives around growth and new profit opportunities are identified and managed across the enterprise. The Strategic Investments Risk Manager is responsible for developing formal oversight of capital expenditure, merger and acquisition, and strategic investment activities in a manner consistent with other second line of defense functions. The Strategic Investments Risk Manager will establish oversight protocols of first line risk activities, develop reporting and metric monitoring, and create processes to ensure strategic investment risk is effectively managed.
The role will require an expert knowledge of risks and controls, strong ability to work across business areas to influence change, and strong critical thinking and problem-solving skills, including the ability to analyze operational and financial impact of Strategic Investments and risk mitigation approaches while providing effective challenge.
A successful candidate will have the ability to objectively assess risk when evaluating strategic investment opportunities including external events and trends, industry-specific factors, and using knowledge of various risk disciplines. The candidate will establish risk governance practices based on internal and external factors, such as industry and regulatory dynamics, changes to internal objectives and development of the Bank's Strategic Risk Framework. The candidate will also coordinate cross-functional risk assessments within Risk Management & Compliance of potential Strategic Investments.
Key responsibilities include:
• Support the development and operation of a framework for strategic investment risk oversight and challenge including new product strategies, equity investment selection, due diligence, performance monitoring and other strategic investment related controls.
• Develop and manage strategic investment risk metrics to identify, monitor and escalate risks across stakeholder and business areas.
• Coordinate due diligence activities for Risk Management & Compliance ensuring risk disciplines are represented as needed and any key risk are identified and escalated.
• Provide input into the development, management and maintenance of the broader strategic risk framework, including the Risk Appetite Statement, relevant policies and framework documents, and risk reporting.
• Participate in retrospective review of mergers focusing on financial performance, infrastructure, system integration, and human resources.
• Oversee the creation and effectiveness of business line policies, controls and issues associated with Strategic Investments Risk.
• Advise on issue remediation to ensure Strategic Investments Risks are sufficiently mitigated.
• Create and oversee processes and procedures that manage strategic investment risk, including internal controls and control documentation such as the RCSA.
• Engage with external stakeholders such as Corporate Audit (CAS) and regulatory agencies.
Basic Qualifications
- Bachelor's degree, or equivalent work experience
- Typically more than 10 years of applicable experience
Preferred Skills/Experience
- In-depth knowledge of enterprise risk management approaches and objectives (e.g. risk management framework, risk appetite, risk/material risk identification, risk measurement, policy development, data governance, committee governance).
- Extensive experience with capital expenditures, mergers and acquisitions, and other Strategic Investments.
- Robust understanding of U.S. Bank business areas, risk management programs and organizational structure or strong prior experience in creating and leading strategic investment risk for a large enterprise
- Strong leadership and management skills of processes, projects and people
- Substantial examples of driving effective change through influence
- General knowledge of accounting practices related to capital expenditures
- Strong problem-solving and people-influencing skills
- Current or prior leadership roles in one or more risk disciplines that closely align with strategic risk
- Strong knowledge of Risk/Compliance/Audit competencies
- Excellent written and verbal communication skills
- Demonstrated ability to credibly challenge senior and executive level managers
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. Applicants can learn more about the company's status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS 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.
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: $129,455.00 - $152,300.00 - $167,530.00
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.