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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
Financial Risk Review (FRR) Mortgage Banking team performs independent review of the market risk management for mortgage assets including Mortgage Servicing Rights and Mortgage Pipeline. The scope of review includes adherence to regulatory guidance, consistency with internal policies, and alignment with industry practices. Partners with Line of Business, other Risk/Compliance/Audit (RCA) professionals, and RCA Managers to review or oversee an effective risk management framework. Participates in projects and/or activities that ensure compliance with applicable regulations. Identifies gaps and inform solutions that minimize risks resulting from inadequate internal processes, approaches, governance and controls. Identifies, responds and/or escalates risks as appropriate.
Primary Responsibilities
Evaluates the soundness of risk methodology and key assumptions, reasonableness of valuation and risk measurement, and appropriateness of risk limits.
Partners with business line and second line risk management to promote an effective risk management framework.
Keep abreast of industry best practices, regulatory guidance, financial market conditions and apply to the oversight of risk management activities
Identifies gaps and inform solutions that minimize risks resulting from inadequate internal processes, approaches, governance and controls. Identifies, responds and/or escalates risks as appropriate.
Develop independent review scope and approach and produce succinct written assessments of risk management activities and identify weaknesses and opportunities for strengthening practices.
Basic Qualifications
Bachelor's degree, or equivalent work experience
Typically more than 10 years of applicable experience
Preferred Qualifications
Bachelor’s degree or higher in Finance, Statistics, Financial Engineering or a related field
Seven to ten years of applicable experience in banking, financial services or related industry
Prior relevant experience with the market risk management in Mortgage Banking.
Familiar with the valuation and risk analytics for mortgage servicing rights and derivatives. Prior experience with the prevailing risk systems (e.g. Polypaths, QRM) and risk models (prepayment, term structure, etc.).
Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases (Access Database, SQL Server), and presentations.
Excellent presentation, interpersonal, written and verbal communication skills.
Strong process facilitation, project management, and analytical skills
Applicable professional certifications (e.g., CFA, FRM) preferred.
The 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.
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.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance and Sales
Industries
Banking
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