U.S. Banks Affiliate Risk Oversight Execution Assistant Vice President

Description

The Assistant Vice President (AVP) in Affiliate Risk Oversight (ARO) serves as a key member of 1L Operational Risk within U.S. Banks Business Risk and is responsible for supporting the U.S. Banks’ Internal Affiliate program. This role identifies, measures, monitors, controls, and reports operational risks, ensuring consistent risk management practices across the Banks and supporting the execution of the First Line of Defense Oversight and monitoring program.

• Ensure key regulatory guidance and requirements, particularly OCC Bulletin on Third Party Relationships and Regulation W, are adhered to for U.S. Banks’ Affiliate Task Orders.
• Provide oversight and training to ensure adherence to the Banks’ Inter-Affiliate Management Policies and Procedures.
• Prepare and present results of monitoring assessments, identified risks and remediation progress, and escalation of issues to senior bank management.
• Support execution of the First Line of Defense Oversight and monitoring program—identifying, measuring, and reporting emerging risks.
• Drive institutional risk related initiatives to ensure products are connected to firm-wide or bank-wide programs, including identifying the need for technology and process changes within the products.
• Support execution across various Operational Risk frameworks in accordance with firm and U.S. Bank requirements, including issue and incident management, RCSA, control validation, risk assessments and metrics, exam and audit support.
• Perform and oversee tasks related to RCSA, evaluating risks, impacts, and mitigating controls, engaging with business partners, and documenting results.
• Support U.S. Banks Institutional Businesses during internal and external audits, including document reviews and participation in exam meetings.
• Collaborate with risk partners (Legal, Compliance, Central Business Risk, 2nd Line Risk Groups) to resolve issues and obtain guidance.
• Manage production of management reporting materials and prepare for monthly risk meetings.
• Perform data analysis and produce Excel reporting as needed.

• Minimum 5+ years of professional experience in financial services; operational risk, enterprise risk management, finance, compliance or audit.
• Bachelor’s degree in Finance, Accounting or a related discipline.
• Proven experience in operational risk management within financial services.
• Strong understanding of regulatory frameworks and risk governance.
• Experience with risk assessments and exams (Regulator, Internal Audit, Operational Risk, and Compliance).
• Understanding of RCSA or similar operational risk management frameworks.
• Experience working with cross-functional teams.
• Banking experience is preferred.

• Ability to demonstrate experience with institutional financial products, inclusive of derivatives.
• Strong knowledge of banking risk, regulatory and/or compliance rules and regulations.
• Strong interpersonal, verbal and written communication skills; capable of clear and concise writing, making presentations to an internal audience and interacting with upper management, colleagues and clients.
• Proven track record of working across organizational boundaries and having the ability to work in a matrixed organization.
• Proficient in creating PowerPoint presentations and performing Excel data analysis.
• Familiarity with Microsoft Office software.
• Strong project management, execution and reporting skills.
• Confident, proactive, and independent self‑starter.
• Strong organizational skills and ability to prioritize tasks.
• Ability to work in fast‑paced, high-demand environment, both independently and as part of team.
• Consistent attention to detail with strong analytical, quantitative, and investigative problem‑solving abilities.

This is a hybrid role and requires work from the office 4 days per week.

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