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

　　Reporting to a Manager, Third Party Portfolio Management, the Third-Party Portfolio Risk Manager (TPPRM) partners with Product Service Owners (PSOs) in assigned Business Lines (BL), BL Chief Risk Officers (CRO) staff, Risk/Compliance/Audit (RCA) Managers, Procurement Partners, Law Division, Technology and Information Security teams to implement and drive the end-to-end execution of third-party risk management lifecycle. The TPPRM will be responsible for, and measured by, operational metrics that when achieved will lead to contributing to a high-performance team. The TPPRM will be assigned to a specific BL to manage the respective Third-Party Portfolio across all elements of the lifecycle as defined in the interagency (OCC, FRB and FDIC) regulatory guidance on Third Party Risk Management. The lifecycle spans: Planning, Risk Assessment, Due Diligence / Third Party Selection, Contracting, Ongoing Monitoring / Performance Management. The TPPRM will be part of a client centric model in which the BL/PSO rely on the TPPRM for onboarding and ongoing management of third parties across the company with a focus on resiliency and performance.

　　Job Description

　　Program execution leading to achieving Service Level Objective (SLO) that ensure the client centric model effectively and proactively manages third party risk.

　　Strong partnership and relationship building within RM&C, Operational Risk, Risk & Control Specialist groups, Technology partners and across BLs and BL CRO teams to meet business and company objectives through use of Third Parties.

　　Carry out the following responsibilities/duties as a part of day-to-day operations:

　　Serve as key relationship owner/point of contact with BLs to assist in managing their third-party portfolios.- Maintain effective relationships with BLs, Product Service Owners (PSO) to partner prior to selection of Third Parties (Planning phase) through appropriate due diligence and risk assessment aligned with Regulatory expectations- Maintain and manage the risk and relationships with third party contacts (e.g., Account Manager) to support the Product Service Owners- Understand and actively manage BL third party portfolios ensuring optimal product/service mappings, assessments/evaluations, and segmentation across both Corporate and Business Directed programs- End-to-end responsibility for process execution/facilitation from BCI and change form intake through due diligence, risk assessment, contracting an ongoing monitoring incl. any Third-Party Events/Incidents.- Stay actively involved with assigned BL relationship managers/stakeholders and assist CROs with reporting/updates for BL Risk Committee meetings- Shepherd the request for new third parties, new product services, or new contracts through the process (Archer, Contract Lifecycle Management workflows) while prudently managing risk- Coordinate contract reviews with Procurement, Law Division, and other RCS groups and ensure negotiations progress- Effectively challenge RCS groups on findings (quantity and ratings severity) and escalate as needed- Actively manage remediation plans through discussions with BL, RCS groups and third parties- Actively manage reassessments and ensure overall portfolio risk remains within appetite (i.e., minimize Key Risk Indicator or other operational metric breaches etc.)- Partner with Product/Service Owners with BL's to actively manage third party performance, business continuity, resiliency, etc.Basic Qualifications- Bachelor's degree, or equivalent work experience- Typically, more than six years of applicable experiencePreferred Skills/Experience- Significant experience in all aspects of Third-Party Risk Management (TPRM) program management and understanding of applicable laws, regulations, financial services, and regulatory trends that impact the bank- Strong relationship building skills and demonstrated success in achieving organizational objectives through partnership and influence- Understanding of the business line’s operations, products/services, systems, and associated risks/controls- Thorough knowledge of Risk/Compliance/Audit competencies- Individual contributor skills in process management, influencing and negotiating- Skills needed to manage stressful situations- Effective written and verbal communication skills- Strong analytical and problem-solving skills- Proficient computer skills, especially Microsoft Office applications If the successful candidate is located in Minneapolis, Charlotte, or Tempe, the role will be hybrid (three days in office and two from home). If the successful person is outside of those markets, then the role is open for a fully remote working model.

　　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 (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .

　　Learn how the way we work at U.S. Bank (https://assets.phenompeople.com/CareerConnectResources/prod/UBNAGLOBAL/documents/Thewaywework-1666895142717.pdf) drives meaningful relationships with our customers and collaboration across the company.

　　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 (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

　　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

　　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 (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.

　　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 (https://careers.usbank.com/verification-of-eligibility-for-employment) .

　　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: $102,340.00 - $120,400.00 - $132,440.00

　　Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.