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Operational Risk Strategic Oversight Manager

U.S. Bancorp

U.S. Bancorp

Minneapolis, MN, USA
Posted on Wednesday, November 15, 2023

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

The Operational Risk Strategic Oversight Manager is a new role within the Operational Risk Management (ORM) team focusing on the alignment of Framework elements across ORM, facilitating strategic plan and incentive plan reviews, leading strategic/special projects, as well as providing oversight of regulatory meetings and exams for ORM.

Key responsibilities include working with teams across Operational Risk and Technology Risk to evaluate processes to ensure effective and consistent application of risk management frameworks, policies and programs. The Strategic Oversight Manager is responsible for overseeing a number of projects and activities that include gathering, analyzing and synthesizing data then communicating results to Senior and Executive Management within a well written final report/presentation. Facilitate or participate in projects that further strengthen Operational Risk Management or respond to heightened expectations. Creating presentations and training materials appropriate for internal employee development, regulatory or industry meetings, and Executive Management as needed.

The Operational Risk Strategic Oversight Director will be an independent contributor; however, must be able to influence and lead projects and processes that include collaborating with Lines of Business and other Second Line of Defense partners as well as working directly with Senior Management.

Basic Qualifications

  • Bachelor's or advanced degree, or equivalent work experience
  • Typically more than 12 years of applicable experience

Preferred Skills/Experience

  • Proven and demonstrated leadership skills, ability to think and work independently
  • Advanced knowledge of Operational Risk and the Operational Risk Management Framework, including the applicable assessment, control and assurance programs
  • Experience within Operational Risk or Compliance Risk Management
  • Deep business acumen and credibility to proactively identify opportunities, provide analysis and recommendations to support the enhancement of the Bank’s Operational Risk Management programs and processes
  • Proven process facilitation, project management, and analytical skills with the ability to manage multiple tasks across various risk programs and deadlines simultaneously
  • Excellent presentation, interpersonal, written and verbal communication skills
  • Proven ability to collect and analyze data to create concise management presentations
  • Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases, and presentations.

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.

Learn how the way we work at U.S. Bank drives meaningful relationships with our customers and collaboration across the company.


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.


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, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $140,930.00 - $165,800.00 - $182,380.00