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

U.S. Bank has an exciting opportunity for the Head of Third Party Risk Management. The Head of Third Party Risk Management will be responsible establishing, managing, and maintaining a third party risk management program. This senior leader will regularly interact with executives and stakeholders company-wide to discuss opportunities, strategic vision, roadmap, risk concerns and efficiency opportunities. Responsible for managing a team of senior leaders responsible for program execution.

Responsible for:

• Developing and implementing a risk third party risk management vision and direction in collaboration with stakeholders and management expectations.
• Creating policies and procedures outlining the development of third party lifecycle assessment risk management program ensuring alignment with all applicable laws and regulatory guidance.
• Creating third party program aligned with business drivers, strategies, and priorities in accordance with company risk appetite and profile.
• Defining, implementing, and executing a third party assessment lifecycle assessment risk management program including due diligence, planning, risk/control identification, contracting, contingency and termination activities.
• Create an organizational structure that supports policy and program lifecycle activities; manage a team of senior leaders and other risk professionals by providing them direction to help realize the strategy and vision.
• Create communication strategies and training for roles and responsibilities required for overseeing and managing third party relationships
• Oversee and monitor the effectiveness of the program and identify opportunity for improvements.
• Develop reporting that facilities oversight and monitoring of key indicator and concentration metrics aligned with company’s risk appetite, operational SLOs and program adherence.
• Interface with internal audit teams and regulatory representatives providing program adherence, emerging risks, roadmap and efficiency initiatives; key representative for third party program during exams and audits.

Basic Qualifications

• Typically more than 15 years of relevant banking, risk management and or third party risk management experience
• Bachelor's or advanced degree, or equivalent work experience

Preferred Skills/Experience

• Experience in managing large teams
• Considerable understanding of third-party risk management framework, regulatory expectations and leading industry practices
• Considerable understanding of third-party risk management practices, banking operations, products/services, systems, and associated risks/controls
• Leadership and management skills of processes, projects and people
• Ability to motivate, influence, and delegate to team members
• Analytical, problem-solving and negotiation skills
• Considerable understanding of third-party risk management framework, regulatory expectations and leading industry practices
• Considerable understanding of third-party risk management practices, banking operations, products/services, systems, and associated risks/controls
• Leadership and management skills of processes, projects and people
• Ability to motivate, influence, and delegate to team members
• Executive level communication skills
• Analytical, problem-solving and negotiation 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.

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

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, 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: $208,505.00 - $245,300.00 - $269,830.00U.S. Bank will consider qualified applicants with criminal histories in a manner consistent with the San Francisco Fair Chance Ordinance.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.