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.

Basic Qualifications
- Bachelor's degree, or equivalent work experience
- Typically more than three 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

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.

This 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.