File Review Analyst

Usbank; Minneapolis (MN); On-site; USD 86,000 - 102,000; Full time

Job summary

U.S. Bank is seeking a detail-oriented Risk & Compliance professional to perform reviews of lending and deposit activity, ensuring policy adherence and promoting an effective risk management framework.

In this role, you will analyze underwriting, pricing and FaRB regulations, prepare working papers, summarize findings, and communicate risks to business partners while identifying process improvements; strong analytical and project management skills are essential.

Qualifications

• Bachelor's degree or equivalent work experience.
• Typically 5+ years of applicable experience.
• Advanced knowledge of loan origination, underwriting, and pricing as applicable to laws, regulations, financial services, and regulatory trends.
• Strong analytical skills and project management.

Responsibilities

• Conduct transactional reviews related to mortgage, auto finance, credit cards and other lending or deposit operations.
• Analyze review results in relation to FaRB laws and regulations.
• Prepare well-documented work papers to support conclusions.
• Summarize results of the review and prepare analysis reports highlighting risks identified during the review.
• Participate in the communication of review analyses with business line partners.
• Identify process improvements to enhance review procedures.
• Execute review protocols consistent with prudent statistical practices and regulatory expectations.
• Leverage statistical outcomes to focus on file review data analysis.
• Keep abreast of FaRB laws and regulatory developments affecting business practices.

Skills

Loan origination

Loan underwriting

Loan pricing

Regulatory compliance

Analytical skills

Project management

Communication skills

Microsoft Office

Education

Bachelor's degree or equivalent

Tools

Microsoft Office

Job description

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

Perform reviews of lending and deposit activity to ensure bank policy is consistently followed and applied to all bank customers. Identify gaps and propose solutions that promote an effective risk management framework. Identify and/or eliminate risks as appropriate. Serve as a functional liaison between the Line of Business and the Second Line of Defense. Participate in reviews and/or activities that ensure compliance with applicable Fair & Responsible Banking laws and regulations.

Primary Responsibilities:

• Conduct transactional reviews or critically challenge business line decisions (primarily underwriting and pricing) related to mortgage, auto finance, credit cards and other lending or deposit operations.
• Analyze review results in relationship to fair and responsible banking laws and regulations and identify factors that may contribute to elevated FaRB risk profile.
• Prepare well-documented work papers to support conclusions.
• Summarize results of the review and prepare analysis reports that succinctly identify the individual and aggregate risks identified during the review.
• Participate in the communication of review analysis with business line partners, including procedure and process gap analyses.
• Identify process improvements to enhance review procedures.
• Execute review protocols consistent with prudent statistical practices, review parameters and regulatory expectations.
• Ability to leverage statistical outcomes to focus on file review data analysis
• Keep abreast of business policies and FaRB related laws and regulations, guidance and other legal and regulatory developments which directly affect business practices to ensure review assessments are appropriately analyzing and identifying risk.

Basic Qualifications

• Bachelor's degree, or equivalent work experience
• Typically 5+ years of applicable experience

Preferred Skills/Experience

• Advanced knowledge of loan origination, loan underwriting and loan pricing as applicable to laws, regulations, financial services, and regulatory trends that impact their assigned line of business
• Advanced understanding of financial services operations, products/services, systems, and associated risks/controls
• Advanced knowledge of Risk/Compliance/Audit competencies
• Strong analytical skills and project management acumen
• 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 role requires working from a U.S. Bank location three (3) or more days per week._*

We are hiring in the following locations:

• Tempe, AZ
• Minneapolis, MN
• Charlotte, NC
• Cincinnati, OH

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) .

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:

• 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

Review our full benefits available by employment status here (https://careers.usbank.com/global/en/benefits/us) .

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

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, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $86,360.00 - $101,600.00

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.

Posting may be closed earlier due to high volume of applicants.