U.S. Bank Third Party Risk Management Risk Consultant in Billings, Montana

The Third Party Risk Management Risk Consultant is responsible for managing, monitoring and coordinating Critical Activity Third Party Risk Management (TRPM) records for assigned business line(s) and portfolios with an emphasis on higher risk Critical Activity designated Third Parties.

The successful candidate will demonstrate business knowledge of banking-related products, services, and their related risks and understand the impact of government legislation fundamentals related policies, procedures, and processes that support the second line of defense risk program.

The candidate will engage in credible challenge, project management, relationship development, contract reviews, procedural development and maintenance and user acceptance testing of the TPRM technology known as RSA Archer. 

ESSENTIAL FUNCTIONS:

Business Knowledge: Understands U.S. Bank business line products and services to identify and address with third parties the associated risks and controls. Demonstrates ability to recognize the relevance of risk trends, issues and potential risk exposure, and recommends actions to address / remediate.

Technical knowledge: Has a broad, foundational background in technology development and delivery to quickly identify and credibly challenge technology-related risks for additional specialist assessment activities by the appropriate risk domain experts. Maintains a technology perspective that allows rapid identification of optimal risk mitigation activities. Collaborates with stakeholders in the resolution of issues that may be discovered in the process of risk assessment or ongoing management of a third party relationship.

Regulatory Fundamentals: Demonstrates general knowledge of the laws and regulations governing TPRM, can identify key risk and controls of the business line third party relationships, and is able to convey all elements of the TPRM program to meet internal audit and OCC/Regulatory requirements.

Critical Activity TPRM Fundamentals: Conversant in the application of regulatory guidance to the TPRM governance documentation and corporate policies governing third party risk management. Understands the importance and demands of examinations by internal/external auditors and regulatory examiners. Works directly with business lines, subject matter experts and other constituents to ensure compliance with applicable regulations and internal policies and procedures. The assigned portfolio consists of critical activity third party assessments and reporting. Audit and credible challenge of discrepancies and data conflicts will be performed along with approvals of internal and external assessments for completeness, consistency and accuracy prior to third party engagement. The platform used to manage the TPRM Program is RSA Archer.

Communication and Relationship Building: Builds and maintains positive relationships with management, business line, third party teams, TPRM team members, and stakeholders across U.S. Bank using effective written and oral communication practices, and is able to tailor communication to the audience level of understanding.  Fosters collaboration internally through diplomacy and assertiveness across the U.S. Bank enterprise while drawing in diverse groups to share ideas, information and resources to strengthen the TPRM program. Builds cooperation and trust between departments, third parties, and other groups. Is able to influence others using program knowledge, negotiation methods, and is able to overcome objections to foster consensus among constituents.

Performance Development and Management: Models behavior that support the vision of TPRM and U.S. Bank. Sets clear, well-defined, desired outcomes for work activity and tracks progress while coping with challenging workloads. Able to adjust to and address competing priorities and urgent tasks.

Qualifications:

Basic Qualifications

  • Bachelor's degree, or equivalent work experience

  • Five to seven years of experience in an applicable risk management environment

Preferred Skills/Experience

  • Demonstrate business knowledge of banking-related products, services and relate how their associated risks may impact both U.S. Bank from a third party perspective

  • Understand the impact of government legislation fundamentals related policies, procedures, and processes with the ability to support the second line of defense risk program

  • Understanding of U.S. Bank business line products and services

  • CPA, CIA, CISA, and/or CTPRP certifications

  • IT Audit background

  • Financial Services' audit and regulatory background

  • Advanced degree (MBA or JD)

Job: Risk/Compliance/QC/Audit/Fraud

Primary Location: Minnesota-MN-Minneapolis

Shift: 1st - Daytime

Average Hours Per Week: 40

Requisition ID: 180034356

Other Locations: United States

U.S. Bank is an Equal Opportunity Employer committed to creating a diverse workforce.

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.