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 DescriptionThe Community Reinvestment Act (CRA) Compliance Center of Excellence (COE) team is hiring for a CRA Compliance Testing Lead. The CRA COE team provides primary compliance oversight for the CRA.

The CRA Compliance Testing Lead will provide subject matter expertise on the CRA and related regulatory guidance to U.S. Bank lines of business. The position will partner with other Risk/Compliance/Audit (RCA) professionals, RCA Managers, and others within the CRA Program Office and Business Line Chief Risk Officer Groups, Senior Management, and other corporate functions and business lines across the enterprise to oversee an effective risk management framework that ensures compliance with applicable CRA laws and regulations and will identify, assess, and manage risk associated with products and services offered by the Company. Will also identify gaps and inform solutions that minimize losses resulting from inadequate internal processes, systems or human errors. The position will identify, respond and/or escalate risks as appropriate.

ESSENTIAL FUNCTIONS:

Lead and support the team who performs annual CRA data testing and communicate testing result and findings of each review to key stakeholders. If issues are identified, effectively partner with CRA Compliance Center of Excellence Manager, the business lines, and Chief Risk Office groups to ensure findings are managed in accordance with U.S. Bank’s Issue Management Policy. CRA data includes small business/small farm loan data, Community Development activities (loans, investments, and services) data, and branch/ATM data.Perform testing of CRA reporting and logic updates to CRA/HMDA warehouse for small business/small farm loan activity and as needed for other back-end system(s) for community development activity data (e.g. CRA Data Analytics and Reporting system).Ensure testing is completed timely to enable the annual CRA regulatory filing (Small Business/Small Farm and Community Development loan data) is submitted to the Federal Reserve by March 1st of each year.Ensure CRA Program Office’s data collection, reporting, and management requirements and controls are adequately represented in the enterprise compliance risk assessment (i.e. ECRA), CRA Compliance Testing procedures, and Job Aids consistent with the CRA Policy and associated policy guidance documents.Support effective partnerships and provide credible challenge to the first line of defense (Business Lines) to ensure its CRA data collection, reporting, and management requirements and controls are adequately designed and represented in associated data management procedures, data dictionaries, and data mapping documents in accordance with CRA Policy and to ensure complete and accurate reporting of CRA related activities to the CRA Program Office and federal regulators.Participate in or review the results of monitoring and testing activities performed by business lines and second line of defense functions (CQA/BLQA), internal audits, and regulatory examinations as requested.Stay current on business line products, services, processes, distribution channels, geographies, organizational structures, and related regulatory requirements.Keep abreast of Community Reinvestment Act (CRA) laws and regulations, guidance and other legal and regulatory developments and as requested participate in any regulatory change management projects related to CRA Reform.

Basic QualificationsBachelor's degree, or equivalent work experienceTypically more than eight years of applicable experience

Preferred Skills/ExperienceThorough knowledge of Risk/Compliance/Audit competenciesSignificant understanding of the Community Reinvestment Act (CRA) and related federal bank regulatory agency standards and guidance.Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of businessConsiderable understanding of the business line’s operations, products/services, systems, and associated risks/controlsPossess strong knowledge of Risk/Audit/Compliance competencies.Strong understanding of consumer financial products, services, systems and associated risks/controlsExperience providing guidance on complex regulatory matters, enforcing requirements, negotiating desired outcomes, and reporting issues and trends to managementThorough knowledge of U.S. Bancorp operations, as well as Operational Risk Management and Corporate Compliance policies and proceduresConsiderable understanding of the business line’s operations, products/services, systems, and associated risks/controls.Excellent project management and organizational skills and demonstrated ability to process large volumes of information.Basic understanding of Agile methodology for project managementStrong skills in leadership including relationship management, negotiation skills, and managing stressful situations.  Demonstrated verbal, written and analytical skills, including the ability to communicate risks and controls clearly and concisely, and present to executive managementAbility to work independently with minimal guidance.Detail oriented and organized

Location Expectations 
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: $119,765.00 - $140,900.00 - $154,990.00

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.