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US Bank Business Line Risk Specialist Category Corporate 
Ireland, Dublin 
846202437

25.06.2024
Job Description

The Business Line Risk Specialistwill be part of the U.S. Bank Investment Services EU Chief Risk Office (IS CRO). The Risk Specialist will provide technical expertise and support to the Depositary services business unit to manage their relevant risk requirements.

The role will have responsibility for supporting the relevant risk programs to ensure they are implemented and effective in minimizing the risks identified in the Bank’s risk framework (e.g., compliance, legal, operational, and reputational risk).

Key working relationships



The Risk Specialist will be expected to quickly understand the risk requirements across the business lines and ensure that all deadlines are met. The role is diverse and varied and requires an individual who is flexible and adaptable to deal with requests from the business line and second line of defense

Responsibilities

  • Oversee business line implementation of US Bank policies by ensuring appropriate processes, procedures and controls are implemented within the business line.

  • Oversee the Risk Control Self Assessments and Enterprise Compliance Risk Assessments with the business lines and ensure assessment of Inherent Risk and Control Effectiveness Ratings are undertake with the business lines.

  • Recommend changes to strengthen controls and to mitigate theunderlyingoperational risks.

  • Actively consider and assess the inherent and residual material risks of the business line processes andprovide solutions.

  • Engage with stakeholders across the business to evaluateand document operational losses, errors and complaints including review of root cause analysis, resolutions and ensuring appropriate future migrants are implemented.

  • Review of applicability and impact of regulatory change including assisting the business line with the performance of gap analysis and overseeing the implementation of action plans in accordance with deadlines.

  • Assist in the review of the risks associated with new product and business initiatives and the impact on the business line control environment.

  • Creation and/or review of busses line procedures,

  • Work with both Service User and Service Provider in relation to Intragroup Outsourcing Arrangements to create Statements of Work with appropriate Key Performance Indicators in line with the Bank’s outsourcing policy

  • Assess third party vendors and ensure that they appropriate due diligence is undertaken in line with the Bank’s third-party risk management programme

  • Review of risks associated with business change.

  • Preparation of materials for committee and board meetings with senior management, including participation in committees and forums as required.

  • Provide senior management with relevant management information and escalate concerns whennecessary and required.


Essential experience, skills, and competencies

  • Minimum 5 years’ experience in Financial Services in a Risk and/or Control position, with previous experience within trust / fund administration and/or capital markets preferred.

  • Proven track record and excellent understanding of operational and compliance risk.

  • Strong understanding of risk and control environments.

  • Comfortable working as a self-starter and as part of a project management team.

  • Ability to operate in amatrix organization,build relationships across business lines, strong communications skills.

  • Provide challenge across all levels of management.

  • Good documentary skills, with strong written and verbal communication; and

  • Precision in all aspects of work; solutions driven; strong team ethos.

  • Individual who takes initiative and ownership of assigned responsibilities.

  • Positive ‘can do’ attitude with excellent problem-solving skills.

  • Detail-oriented.

  • Team player.

  • Strong organizational and administrative skills.

  • Deadline oriented.

  • Flexible.

  • A university degree.

  • Professional risk qualification advantageous.

This position is not eligible for visa sponsorship.