Unauthorized Account and Check Claims Operations Executive

U.S. Bank; Saint Paul (MN); On-site; USD 143,905 - 169,300; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) and employer‑funded retirement plan

Paid vacation

Up to 11 paid holiday opportunities

Adoption assistance

Job summary

A leading financial institution is seeking an Operations Executive to oversee unauthorized account and check claims. This role involves managing the performance of key operations, ensuring compliance with regulations, and enhancing customer experience through process improvements. Candidates should possess management experience, a strong background in banking, and relevant educational qualifications. The position requires working on-site at a U.S. Bank location three or more days per week, with a competitive salary range and comprehensive benefits.

Qualifications

• 10 or more years of banking or relevant experience.
• Knowledge of Fair Credit Reporting Act (Reg‑V) and Truth and Lending Act (Reg‑Z).
• Knowledge of Electronic Funds Transfer Regulation (Reg‑E).

Responsibilities

• Oversee operational performance and compliance in assigned area.
• Investigate unauthorized account setups and check fraud.
• Manage personnel matters and ensure technological resource adequacy.

Skills

Management/supervisory experience

Process Improvement methodologies

Analytical skills

Communication skills

Customer experience standards

Education

Bachelor’s degree in finance, Accounting or relevant field

MBA

Job description

Unauthorized Account and Check Claims Operations Executive

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

Responsible for the overall operational performance of assigned area or business line. Develops group‑wide business plans, develops policies and ensures compliance. Evaluates and improves operational methods and strategies to improve efficiency, effectiveness, productivity, and/or controls. Leads collaborative efforts with other internal and external groups. Ensures and manages sufficient technological resources. Handles personnel matters.

Key Responsibilities

• Investigate and resolve claimant identified scenarios or unauthorized use of personal sensitive information used to establish an account at U.S. Bank
  • Claims reported directly to the bank, or indirectly through credit reporting agencies
• Investigate the reported event while performing a reasonable investigation to determine if the claimant is a victim of ID Theft
• Investigate and resolve customer identified scenarios involving fraudulent or improperly negotiated check drawn off a DDA
  • Common examples include counterfeit, forged, and endorsement scenarios governed by the Uniform Commercial Code (UCC) and Your Deposit Account Agreement (YDAA)
• Responsible for recovery (outgoing breach of warranty)
• Knowledge of indemnification agreements content and structure for scenarios not eligible for outgoing breach of warranty recoveries
• Responsible for incoming breach of warranty claims submitted from other institutions
• Responsible for payouts via indemnity agreements to other banks (no-loss scenarios where funds are available/held)
• Superior knowledge of Fair Credit Reporting Act (Reg‑V) and the Truth and Lending Act (Reg‑Z)
• Superior knowledge of Electronic Funds Transfer Regulation (Reg‑E)

Basic Qualifications

• Management/supervisory experience
• 10 or more years of banking or other relevant experience

Preferred Skills/Experience

• Preferred expertise in Process Improvement methodologies, including Lean and Six Sigma process design
• Proven experience in building operational units and collaborating cross‑functionally with business partners to deliver exceptional customer experience
• Strong focus on enhancing and maintaining superior customer experience standards
• Bachelor’s degree in finance, Accounting or relevant field
• MBA
• Well‑developed verbal and written communication skills
• Knowledge of assigned unit(s) and relation to broader industry
• Effective verbal and written communication skills necessary
• Incumbent possesses strong analytical, decision‑making, and problem‑solving skills
• Requires considerable tact, diplomacy and people skills

Location Expectations

• This role requires working from a U.S. Bank location three (3) or more days per week.

Benefits

• 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

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.

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.

Pay Range: $143,905.00 – $169,300.00

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.