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, enabling the communities we support to grow and succeed in the right ways, all more confidently and more often—that's what we call the courage to thrive. 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. Try new things, learn new skills and discover what you excel at—all from Day One.
As a wholly owned subsidiary of U.S. Bank, Elavon is committed to building the platforms and ecosystems that help over 1.5 million customers around the world to achieve their financial goals—no matter what they need. From transaction processing to customer service, to driving innovation and launching new products, we're building a range of tailored payment solutions powered by the latest technology. As part of our team, you can explore what motivates and energizes your career goals: partnering with our customers, our communities, and each other.
Job DescriptionThe Business Line Risk Specialist will be part of the Payment Services Chief Risk Office (PS CRO). The Risk Specialist will provide technical expertise and support to the Payment Services business lines in Europe, which include both acquiring and issuing. The Risk Specialist will also support the PS CRO team.
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 Business Line Risk Specialist will be required to build and maintain effective relationships with the business line, including business line leaders and members of the second line of defense functions (compliance, operational risk) and third line of defense audit personnel.
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.Recommend changes to strengthen controls and to mitigate the underlying operational risks.Monitor business line control self-assessment reviews, ensuring timely completion, accuracy of controls as per policy and correct risk assignments.Actively consider and assess the inherent and residual material risks of the business line processes and provide solutions.Engage with stakeholders across the business to evaluate and document detailed controls to mitigate Operational and Compliance risks, in compliance with relevant policy.Assist in the review of the risks associated with new product and business initiatives and the impact on the business line control environment.Collaborate with Issues Management to assist with progression of issues and related milestones.Creation and/or review of business line procedures.Monitoring of reporting deadlines.Assist with data subject rights requests.Assist with issue management administration.Provide senior management with relevant management information and escalate concerns when necessary and required.Essential experience, skills, and competencies Minimum 5 years' experience in Financial Services in a Risk and/or Control position.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 a matrix organization, build relationships across business lines, strong communications skills.Good documentary skills, with strong written and verbal communication.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.
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