U.S. Banks Capital Markets group underwrites a broad range of corporate and municipal debt securities, provides secondary market trading, interest rate derivatives, and foreign exchange trades and hedges to the banks commercial and institutional clients. The RCA Professional will assist in performing day-to-day oversight of primarily operational risk types associated with these business activities as a member of the Corporate and Commercial Banking Risk Management (CCBRM) team. This will be accomplished by partnering with the Capital Markets Line of Business, and other RCA Professionals and RCA Managers within the Commercial & Corporate Bank (CCB) Risk Management team, to maintain and oversee an effective risk management framework. They may identify gaps and inform solutions that minimize losses resulting from inadequate internal processes, systems or human errors. They may participate in projects and/or activities that ensure compliance with applicable federal laws and regulations. In addition, the RCA Professional will liaison with both the Second and Third Lines of Defense in evaluating risks associated with this business line.
Analyze and assess operational related risks inherent to the Capital Markets activities as well as evaluate the adequacy of related controls.
The incumbent will assist in developing and managing the operational risk program for Capital Markets.
The incumbent must have the ability to influence stakeholders, build collaborative relationships across teams and divisions and communicate effectively with senior management.
The incumbent is expected to assist in the design and resolution of identified initiatives which will include ongoing reporting.
The incumbent must be able to provide credible challenge and actively manage multiple deliverables.
Monitor key operational risk indicators and key metrics.
Assist in the build out and ongoing monitoring of the following programs: Risk Control and Self Assessments, QA/QC, Enterprise Compliance Risk Assessments, Business Change Risk Assessments, Third Party Vendor Management, Issue Management, and others.
Review controls to ensure they are appropriate and prudent.
Assist with business change management.
- Bachelor's degree, or equivalent work experience
- 10 or more years of applicable experience
Strong analytical, logical reasoning and problem-solving skills and a thorough understanding of capital markets operations
Expert knowledge of the business lines operations, products/services, systems and associated risks/controls
Previous professional experience in commercial and corporate banking
Expert knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business
Experience managing projects and coordinating with key stakeholders
Advanced knowledge of Risk/Compliance/Audit competencies in financial services
Ability to manage multiple projects, deadlines and concurrent deliverables
Proficient computer skills, excellent written and verbal communication skills, strong process facilitation, project management and analytical skills