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U.S. Bank Business Line Risk Mgr 4 in Saint Louis, Missouri

At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. 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.

Job Description

The Senior Business Risk Manager will work within a large, complex line of business with full time focus on formation and maintenance of a sound operational risk management framework.

Job Duties:

  • Responsible for establishing a swap data reporting program across Foreign Exchange and Interest Rate asset classes with a robust control framework that allows U.S. Bank to independently identify issues and correct them.

  • Accountable first line of in-house expertise that can administer the reporting, validation and reconcilement of the reportable swaps traded by the Bank, the Depository Trust and Clearing Corporation (DTCC) framework for reporting those products, and the systems used by U.S. Bank.

  • Establish clear ownership of the overall swaps reporting program that proactively detects reporting inconsistencies and deficiencies, including robust issue management and escalation protocols.

  • Develop, implement and run the risk-based control environment, interim and long-term, for swaps reporting that addresses the accuracy, completeness, and timeliness of reporting for Foreign Exchange and Derivatives Products.

  • Achieve and maintain awareness and understanding of regulatory requirements of swaps reporting for the relevant jurisdiction(s).

  • Maintain currency on any regulatory changes.

  • Develop requirements, specifications, and functionality for Swap Dealer Reporting. Maintain a full understanding of the reports and systems.

  • Define and set the priority for ongoing changes to adhere to regulations, DTCC technical changes and be accountable to address all operational reporting issues.

  • Establish and govern the design of the bank’s swaps reporting system and operation.

  • Maintain procedures, controls and practices to insure the bank’s trading practices in the applicable asset class(es) subject to swaps reporting.

  • Ensures appropriate identification and response to risks within the business and coordinates efforts to foster awareness and understanding of key risk management concepts within the business management network.

  • Acts as a key advisor to the line of business head regarding risk-related matters and serves as a functional liaison between the line of business and corporate-level risk management resources.

  • Serves in an advisory role when corporate risk policies and procedures are established, which will be used by all business lines.

Basic Qualifications

  • Bachelor's or Master's degree, or equivalent work experience

  • Five to ten years of business management and banking experience

  • Two or more years of managerial/supervisory experience

Preferred Skills/Experience

  • Comprehensive knowledge of risk management associated with the assigned

product lines, as well as key business line functions

  • Proven establishment of regulatory operating framework and design preferably within Capital Markets

-bility to learn and communicate key risk management concepts

  • Ability to interact with all levels of management

  • Strong analytical, project management and strategic planning skills

  • Excellent presentation, verbal and written communication skills

  • Experience in specified line of business preferred

  • Proven management skills.


Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.

Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting usbank.com/careers (https://www.usbank.com/careers/index.html) .

EEO is the Law

Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) poster.


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://www.usbank.com/careers/verification-of-eligibility-for-employment.html) .

Our 74,000 employees work across departments to help our millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world turn their dreams into reality. Our employees are empowered to create change and drive our future, and we pride ourselves on diligently and ethically upholding U.S. Bank’s best-in-class financial record and legacy of more than 150 years in banking. Most importantly, we put people first, cultivating and treasuring meaningful relationships with the customers we serve, the colleagues we support and the communities where we live and work.