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Job Description
This role will be a key part of the Climate Risk Team and be focused on leading the design, development, and implementation of scenario analysis capabilities. These capabilities will support the assessment of potential impacts of physical risk and transition risk, along with aligning with regulatory expectations & executing potential future regulatory exercises.
Working collaboratively with key internal stakeholders, including the Economic Scenario Team, Credit Risk Modeling, Central Stress Testing Organization, Credit Risk Management, ESG Program Office, Model Risk Management, and Business Lines, the candidate will be responsible for building cross-functional project teams to support the execution of the climate scenario analysis (CSA) program. The CSA program is responsible for two major workstreams: leading internally focused projects to better inform the company on climate risks; and leading projects in response to the increasing regulatory focus in this area.
Responsibilities will include:
- Lead enterprise-wide initiatives related to Climate Risk scenario analysis/stress testing capabilities covering Physical and Transition Risks. Develop project plans, including scope, timeline, and participants for each initiative. Guide cross-functional teams to complete initiatives, manage relationships to gain support and commitment from other groups across the bank.
- Lead discussions with Economic Scenarios, Credit Risk Modeling, Credit Risk Management, Business Line, and other groups to develop new methodologies for evaluating climate risk impacts and drive implementation.
- Chair the Climate Scenario Working Group (CSWG). Lead ongoing CSWG meetings by determining topics, creating materials, and presenting/leading discussions. Identify CSWG members to support each climate scenario analysis project, build team, and gain support and commitment.
- Evaluate external vendor solutions to help fill gaps in data and/or analytical capabilities. Perform quality analysis on vendor solutions and lead vendor trial engagements. Manage external vendor/consultant engagements to complete climate scenario analysis projects.
- Support efforts that are led by our European subsidiary on European regulatory requirements around climate scenario analysis and stress testing.
- Develop project plan and lead projects to build capabilities that would allow the bank to prudently prepare for potential future regulatory exercises. Serve as company expert on climate stress testing industry practices and regulatory expectations.
- Present climate scenario analysis findings/results to senior leadership, including the Climate Risk Working Group (CRWG) and Climate Risk Executive Steering Committee.
Preferred candidate would have the Sustainability & Climate Risk (SCR) certification through GARP, or willingness to complete certification upon employment.
Basic Qualifications
- Bachelor's degree, or equivalent work experience
- Typically more than 10 years of applicable experience
Preferred Skills/Experience
- Advanced knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business
- Advanced understanding of the business line’s operations, products/services, systems, and associated risks/controls
- Thorough knowledge of Risk/Compliance/Audit competencies
- Strong leadership and management skills of processes, projects and people
- Effective written and verbal communication skills
- Strong analytical, problem-solving and negotiation skills
- Proficient computer skills, especially Microsoft Office applications
- Applicable professional certifications
The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.
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 (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.
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.
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.
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.
