U.S. Bank · 6 hours ago
Payments Operational Loss Program Lead - Risk & Compliance
Fargo, ND
Full-time
Hybrid
Mid, Senior Level
$105K/yr - $124K/yr
6+ years expU.S. Bank is on a journey to help customers make smarter financial decisions and support community growth. They are seeking a Payments RCA Professional to contribute to the Payments Risk Operational Loss Reporting program, ensuring compliance with laws and minimizing losses through effective risk management and reporting processes.
BankingFinancial ServicesInsuranceMortgageWealth Management
Responsibilities
Collaborate with staff at multiple levels to capture Operational Loss activity for the Payments business line Operational Loss Reporting Process
Complete and coordinate the Monthly Operational Loss certification process
Organize and chair the root cause meeting process by working with the business line, issue management and lines of defense to complete the root cause memo
Respond to event testing notifications from Operational Loss Management
Manually enter or enrich data for upload into the Ops Loss Database including accounting accruals
Perform monthly reconciliations between Operational Loss Database and General Ledger
Review and update procedures to ensure they comply with Regulatory requirements
Assist or work on special projects and ad hoc requests as needed
Train fellow Payments employees on the Operational Loss reporting process
Use critical tools to proactively monitor potential impacts: Archer, Tableau, Power Apps, AI, Ops Loss Database
Qualification
Required
Typically more than six years of applicable experience
Bachelor's degree or equivalent work experience
Preferred
3+ years of experience in operational risk management and/or issue management
Strong knowledge of RCA (Risk, Compliance & Audit) principles and practices
Applicable risk management training and/or certifications
Experience with Payments (Issuing/Acquiring), particularly Merchant Payment Services (MPS)
Familiarity with accounting entries and collaboration with Finance teams
Proficiency in Microsoft Office Suite (especially Excel) and data visualization tools such as Tableau or Power BI
Ability to leverage technology for reporting, analysis, and process improvement
Excellent written, verbal, and presentation skills
Ability to convey complex information in a clear, concise, and logical manner to diverse audiences
Skilled at building relationships and working effectively across all levels of the organization
Strong process facilitation, project management, and analytical skills
Demonstrated ability to solve problems proactively, take initiative, and exhibit curiosity and eagerness to learn
Capable of working both independently and collaboratively as a team player
Exceptional organizational skills, with the ability to manage multiple priorities and tasks
Proven ability to perform under pressure and respond quickly to changing demands
Ability to apply knowledge effectively in training scenarios and real-world incidents
Benefits
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
Company
U.S. Bank
At U.S.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$991MKey Investors
U.S. Department of the TreasuryMitsubishi UFJ Financial Group
2023-09-29Post Ipo Debt· $55M
2023-08-03Post Ipo Debt· $936M
1978-01-13IPO
Leadership Team
John C Stern
CFO
Shruti Patel
Executive Vice President & GM, CPO- Business Banking segment
Recent News
2025-12-24
2025-12-17
Company data provided by crunchbase