Business Line Risk Manager - Consumer Lending Default

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

SUMMARY

U.S. Bank is seeking a highly effective and dynamic Business Line Risk Manager to lead Corporate Functions risk oversight for Default Operations within Consumer, Business, & Treasury Operations (CBTO), spanning loss mitigation, collections, bankruptcy, and foreclosure. This role will partner across the three lines of defense to drive consistent risk management practices, influence business decisions, and enhance the control environment across high-risk operational processes. Success will be measured through proactive risk identification and mitigation, sustainable control improvements, and strong cross-functional collaboration to mitigate regulatory and operational risk.

RESPONSIBILITIES

Partner with the Business:

- Serve as the primary risk advisor for assigned CBTO business units or functional areas.

- Build strong relationships with business leaders to identify risks early and influence decisions.

- Translate complex risk topics into clear, actionable recommendations.

Assess and Manage Risk:

- Support risk assessments, control evaluation, and ongoing monitoring activities.

- Identify emerging risks related to business changes, strategic initiatives, and regulatory expectations.

- Ensure risks are documented and managed in alignment with enterprise frameworks.

Support Governance and Oversight:

- Contribute to risk governance routines, including reporting on key risk themes and trends.

- Promote consistency and discipline in risk management practices.

- Develop and deliver concise materials for leadership discussion.

Enable Change and Transformation:

- Provide risk guidance on transformation efforts, new initiatives, and process changes.

- Ensure early risk engagement to improve outcomes and reduce rework.

- Partner with cross-functional teams to assess impacts to risk and control environments.

Strengthen Control Environment:

- Support issue identification, root cause analysis, and remediation efforts.

- Challenge and validate corrective actions to ensure sustainable solutions.

- Collaborate with Audit, Compliance, and Risk partners to drive strong outcomes.

BASIC QUALIFICATIONS

- Typically more than 10 years of applicable experience.

- Bachelor's degree, or equivalent work 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.

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:

• 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 worke