Fair and Responsible Banking File Review Manager
Company: US Bank
Location: Minneapolis
Posted on: June 13, 2021
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Job Description:
At U.S. Bank, we're passionate about helping customers and the
communities where we live and work. The fifth-largest bank in the
United States, we're one of the country's most respected,
innovative and successful financial institutions. 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. Job Description This position will support the U.S. Bancorp's Company's Fair and
Responsible Banking (FaRB) Program Policy ("Policy") and helps
establish and provide oversight for FaRB manual file review for
credit products and activities offered by Business Lines (BLs)
across the entire product process. The File Review Manager will
lead a team of compliance professionals. He/she will collaborate
with the FaRB groups and stakeholders of various levels within the
organization, including Corporate Compliance, Legal, and BL
personnel, to help ensure the effective performance of the
Policy. This position requires an understanding of business objectives
and key fair lending and responsible banking risk drivers across
the product process. The successful candidate would be expected to
communicate file review results concisely to a broad audience,
including senior management. This position reports to the U.S.
Bancorp Fair and Responsible Banking Data Management/Analytics/File
Review Director. We are looking for candidates with the proven ability to work
and thrive in a rapid-paced, deadline-driven, and team-oriented
environment; who have project management skills; and who have the
drive to continually meet new challenges. ESSENTIAL FUNCTIONS: Oversee File Review team for all BLs associated with, and credit
products offered by, U.S. Bank Manage team of compliance professionals in the performance of
manual file reviews associated with various risk factors such as
Pricing, Underwriting, Credit line assignment/adjustment, Loss
Mitigation, Redlining, Exceptions, Processing times, Steering Work to implement enhancements to statistical analysis based on
feedback from loan level reviews on proportions testing and odds
ratios, regression analysis including logistical and linear
regression models as well as sampling and matched pair
methodology Compile results of analyses and collaborate with 1st line of
defense partners in identifying program risk control gaps, policy
and procedural deficiencies and process improvements Participate in annual and periodic analysis scheduling and
prioritization Collaborate with analysts and managers to illustrate analysis
and review results into reports/memos Responsible for conveyance of observations stemming from
analyses to various BLs and channels within the bank Support regulatory exam activities as well as internal audit
related activities Oversee the process of analysis report finalization,
distribution and documentation of all associated materials as well
as log of completed reports Partial owner responsible for maintenance and oversight of Data
Management, Analytics and File Review shared mailbox Responsible for formalized issue oversight resulting from
observations stemming from file reviews from identification of
risks, through vetting formal issues to assessment for the purposes
of closing formal issues Partner closely with other Fair and Responsible Division teams
for loan level insight and ad hoc related activities Responsible for periodic review and oversight of the File Review
Desktop procedures Basic Qualifications Preferred Skills/Experience At least 10 years of related experience, preferably in financial
services Ability and experience in directing staff to develop and execute
FaRB file review, and maintain file review working paper in a
consistent, accurate and completeness manner Ability to lead a team of fair and responsible banking
compliance professionals, implement strategic plans, influence
business line management to proactively mitigate Fair Lending and
Responsible Banking risk, and manage multiple complex projects and
deadlines simultaneously Advanced knowledge of fair and responsible banking laws and
regulations, including Fair Lending Laws, UDAAP, and consumer
protection laws, as well as related regulatory examination
standards, applicable regulatory guidance, and litigation and
enforcement actions. Thorough knowledge of U.S. Bancorp operations, policies and
procedures, and the ability to review and revise policies and
procedures to demonstrate effectuate compliance. Certified regulatory compliance manager or certified audit
professional with advanced experience in performing and leading
manual file review Excellent written, verbal, and interpersonal communication
skills with the ability to generate effective presentations and
management reporting and communicate concisely with BL partners and
management. Benefits: Take care of yourself and your family with U.S. Bank employee
benefits. We know that healthy employees are happy employees, and
we believe that work/life balance should be easy to achieve. That's
why we share the cost of benefits and offer a variety of programs,
resources and support you need to bring your full self to work and
stay present and committed to the people who matter most - your
family. Learn all about U.S. Bank employee benefits, including tuition
reimbursement, retirement plans and more, by visiting
usbank.com/careers. EEO is the Law Applicants can learn more about the company's status as an equal
opportunity employer by viewing the federal EEO is the Law
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.
Keywords: US Bank, Minneapolis , Fair and Responsible Banking File Review Manager, Other , Minneapolis, Minnesota
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