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Payments Risk AML Issue Coordinator Full-time

at U.S. Bank in Minnesota (Published at 15-01-2020)

Payments Risk AML Issue Coordinator - Office Based - Minneapolis, MN-200000459 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.
The Payment Services Risk CRO AML Issue Coordinator will partner with their assigned Line of Business within Payments CRO, other Risk/Compliance/Audit (RCA) Consultants, and RCA Managers to, depending on their function, create, implement, maintain, review or oversee an effective issue management framework.
Provides the governance and oversight to ensure identified issues receive appropriate remediation and corrective action.

Responsible for:
  • Participating or leading projects and/or activities that ensure compliance with applicable federal, state and local laws and regulations.
  • Using corporate risk management policies as guidelines, help the business line understand and implement the policies. Examples include AML practices and operational loss data collection.
  • Ensuring the implementation of key risk management practices and procedures in the normal course of business operations.
  • Ensuring appropriate participation in high-level discussions to identify and respond to business risks and ensuring the line of business understands key risk concepts and their relevance to core business practices.
  • Ensuring that process controls used to mitigate business risks are properly designed and executed.
  • Facilitating installation of new risk initiatives and reviewing business line summary reports for accuracy and completeness.
  • Working with business line managers to develop a culture that fosters self-identification of business and operational issues and to design and implement operational risk and compliance assurance solutions that mitigate risk.
  • Incorporating appropriate impact assessment and root cause analysis for all identified issues.
  • Aiding in interpreting and applying corporate guidance to support effective compliance with Enterprise requirements around issue management policy.
  • Providing project support, documents routines, facilitates meetings and captures deliverables and takeaways, senior management reporting, coordinates issue remediation activities with Corporate AML (EFCC), and other business-as-usual routines.
  • Identifying, responding to and/or escalating risks as appropriate.
  • Serving as a functional liaison between the line of business and the lines of defense through issue identification, remediation planning, resolution monitoring, reporting, and ultimately supporting closure of identified gap risk.
  • Strong working knowledge of operational risk management, process engineering, and applicable regulatory requirements needed.

Basic Qualifications
  • Bachelor's degree, or equivalent work experience
  • Five to seven years of applicable experience

Preferred Skills/Experience
  • Advanced knowledge of applicable laws, regulations, financial services, and
regulatory trends that impact Payments business
  • Advanced understanding of Payments operations, products/services,
systems, and associated risks/controls
  • Advanced knowledge of Risk/Compliance/Audit competencies
  • AML experience
  • Archer experience
  • Excellent presentation, interpersonal, written and verbal communication skills
  • Proficient computer navigation skills using a variety of software packages,
including Microsoft Office applications and word processing, spreadsheets,
databases, and presentations.
  • Strong process facilitation, project management, and analytical skills
  • Candidate must be able to support initiatives and operations with others who work in multiple time zones

Job Risk/Compliance/QC/Audit/Fraud Primary Location Minnesota-MN-Minneapolis Shift 1st - Daytime Average Hours Per Week 40

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