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 and enabling the communities we support to grow and succeed.  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 at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

The Compensation Risk Program is responsible for operationalizing several key risk management components of U.S. Bancorp’s compensation system. These components include, but are not limited to, identifying material risk takers, ensuring risks are assessed for Business Line Incentive Plans, administering incentive compensation balancing methods, communicating and training constituents, facilitating strong governance, and validating and back testing Business Line Incentive plan balancing feature design and operational effectiveness.

This position is responsible for:

• Performing validation and back testing of Sales & Referral Campaigns, Volcker Compensation Requirements, Business Line Incentive Plans and the Corporate Risk Scorecard process.  Validation and back testing may include a full range of risk, however, this position is focused on those testing with a moderate level of complexity.

• Monitoring Executive Compensation Exception and Retention. Assist in the review of outstanding business line plan remediation plans identified during validation and back testing

• Assisting in the annual review of business line plan risk and balancing feature information to complete the annual business line plan risk assessment. Representing Incentive Compensation Risk in business line plan renewal annual project.  This will include:
  • Attending project meetings and representing interests of Incentive Compensation Risk
  • Helping to identify and then documenting required changes to the system of record. 
  • Performing User Acceptance Testing (UAT) for requested system changes.
  • Participation in renewal of required process documents and training decks reviews.
  • Assist in developing Incentive Compensation Risk program training, communications and presentation materials, including those used for key processes.  Conduct Quality Control and, when identified, Quality Assurance of training, communication and presentation materials. 
  • Audiences include Senior Operating Committee(s), Board of Directors, Chief Risk Officers, Senior Managers and program participants.
  • Constituents include team members, Human Resources subject matter experts, Second Line of Defense subject matter experts, and support groups including Corporate Communications.
  • Channels include: formal presentations (live and recorded), guidance documents, email communications and other written forms of communication.
  • Maintain key documents for the Program, including procedures and other key evidence.
  • Maintain the Program’s established Sharepoint site, including periodic updates based on program enhancements.
  • Assist in the administration of Corporate Risk Scorecard communications
  • Monitor, maintain and administer the Program’s shared mailbox.  This will include researching and responding to inquiries, especially during the last quarter of the year, when volumes increase due to Program activities.
  • Other projects and responsibilities assigned by management.
  • Relationship building with key constituencies within and outside Human Resources.

Basic Qualifications

• Bachelor's degree, or equivalent work experience
• Three to five years of applicable experience

Preferred Skills/Experience

• Thorough knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business
• Thorough understanding of the business line's operations, products/services, systems, and associated risks/controls
• Thorough knowledge of Risk/Compliance/Audit competencies
• Strong process facilitation, project management, and analytical skills
• 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
• Applicable professional certifications preferred

Location Expectations
This role requires working from a U.S. Bank location three (3) or more days per week.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits: 

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

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.

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.