Audit Manager - Enterprise Risk Management and Climate Risk
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.
The Enterprise Risk Management and Climate team is responsible for supporting Corporate Audit Services assurance coverage over the risk management framework. This role will focus on various risk Enterprise Risk Management processes and programs, climate risk management, and certain forecasting activities. Responsibility for supporting the implementation and execution of centralized and distributed audit strategies across internal audit, challenging and monitoring the internal audit plan, and supporting the development of the internal audit opinion on the adequacy and effectiveness of the risk management framework.
The candidate will be responsible for being an internal audit subject matter expert supporting coverage and evaluation of ERM processes including:
Risk identification, including concentrations
Risk appetite and measurement
Aggregate risk profile across risk disciplines
Emerging risk heatmaps/scorecards
Operational loss forecasting
The candidate will additionally be responsible for being an internal audit subject matter expert supporting coverage of climate risk management activities including:
Climate and Environmental risk management strategy, appetite and measurement
Evaluating progress against the Climate Risk Roadmap and environmental commitments
Climate scenario analysis
Actively participate in framework and process design and risk framework integration
Assess climate and environmental reporting (TCFD, ESG, SEC, etc.)
Engaging with ESG program
- Bachelor's degree, or equivalent work experience
- Typically has 8 or more years of experience in an applicable risk management environment
- Applicable certifications
Additional Preferred Skills/Experience
1.Thorough understanding of safety and soundness requirements, including OCC Heightened Standards.
In-depth knowledge of enterprise risk management approaches and objectives (e.g. risk management framework, risk appetite, risk/material risk identification, risk measurement, policy development, regulatory capital, data governance, committee governance).
Understanding of climate risk concepts and climate risk management practices including relevant regulatory requirements
Knowledge of capital planning expectations outlined in SR 15-19 related to risk identification and economic scenario design.
Sustainability & Climate Risk Certification or willingness to obtain certification
Knowledge of operational risk with emphasis on operational loss data collection, scenario analysis and stress testing approaches.
Knowledge of model risk with an understanding of expectations under SR 11-7
Ability to influence senior leadership and guide audit coverage in a matrixed environment.
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.
Learn how the way we work at U.S. Bank drives meaningful relationships with our customers and collaboration across the company.
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 (some may vary based on role, location or hours):
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
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
EEO is the Law
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. Applicants can learn more about the company's status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.
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.
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $112,880.00 - $132,800.00 - $146,080.00