Minneapolis, MN, 55405, USA
21 days ago
ALM Review 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** 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. **Job requirements** : + Bachelor’s degree or higher in Finance, Financial Risk Management, or a related field; CFA a plus + 7 plus years of experience in financial risk management + 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 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 (https://careers.usbank.com/global/en/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 (https://eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12ScreenRdr.pdf)** 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 (https://careers.usbank.com/verification-of-eligibility-for-employment) . 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 U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures. Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies. 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.
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