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Senior Manager, Balance Sheet Risk Governance

U.S. Bancorp

U.S. Bancorp

Multiple locations
Posted on Friday, June 7, 2024

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. Bancorp is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. We are headquartered in Minneapolis, Minnesota and operate more than 2,000 bank branches in 26 states.

Our team of more than 70,000 employees serve our millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world. With a diversified mix of business lines generating $23 billion in annual revenue, we are strategically positioned in our industry, reaching $559 billion in assets. This commitment continues to earn a spot on the Ethisphere Institute’s World Most Ethical Companies list and puts U.S. Bank in the top 5% of global companies assessed on the CDP “A” List for climate change action.

The Balance Sheet Risk Management team works closely with U.S. Bancorp Corporate Treasury covering asset liability management, capital, liquidity, resolution planning, investment portfolio management, and funding. The Balance Sheet Risk Management team provides review and challenge, monitoring for limit breaches, partnering with Corporate Treasury for recommendation on enhancing the framework. Daily the team covers Liquidity and Interest Rate Risk and Capital for the company.


Due to growth, the Senior Manager, Balance Sheet Risk Governance is a newly created role that will provide you with an opportunity to make an impact while influencing cross-functional teams throughout U.S. Bank. You’ll be partnering with Senior Leaders in Finance, Risk Management and Compliance and Audit to help oversee the successful creation, implementation, and maintenance of an effective risk management framework. This individual is responsible for improving the design and implementation of the governance and control framework for balance sheet risks. Additionally, they are accountable for the active identification, response and/or escalation of risks as appropriate. This leader influences policies and procedures to improve balance sheet controls and regulatory compliance and are responsible for an effective partnership between the Line of Business and the Lines of Defense.

Primary Responsibilities:

  • Establish best-in-class governance and controls in Balance Sheet Risk Management (BSRM) for the group’s Treasury oversight activities.

  • Design and implement advanced processes supporting sound risk management principles, regulatory compliance, and range of practice for liquidity, interest rate risk and capital risk management.

  • Create a sustainable structure for review and challenge and independent analysis for balance sheet risk management.

  • Partner with Balance Sheet Risk and Treasury teammates to generate and oversee control structures.

  • Interface with Risk Management and Compliance and Audit partners, as appropriate, to communicate control results.

Skills and Preferred Qualifications:

  • Bachelor's or advanced degree, or equivalent work experience

  • Typically, more than 12 years of applicable experience

  • Depth of knowledge and experience understanding Treasury risks, relevant regulatory requirements, governance practices and appropriate control structures at a large bank

  • Considerable understanding of regulations, financial services, and regulatory trends that impact financial risks

  • Considerable understanding of the financial risk management, and associated risks/controls

  • Thorough knowledge of Risk/Compliance/Audit competencies

  • Strong leadership and management skills of processes, projects, and people

  • Strong analytical, problem-solving and negotiation skills

  • Applicable professional certifications preferred

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.


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, 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: $139,740.00 - $164,400.00 - $180,840.00Job 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.