Fraud Risk Analyst Jobs in Minneapolis, MN (NOW HIRING)

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
U.S. Bank is seeking an Operational Risk Review (ORR) Lead Analyst responsible for leading and executing review, issue validation, project, and data-focused activities within Independent Risk Review and Assessment (IRRA), a centralized second line of defense independent review function. This role supports the continued growth, enhancement, and delivery of IRRA's operational risk review program by coordinating complex review activities, leading issue validations, supporting strategic projects, and using data-informed analysis to strengthen ORR conclusions, reporting, and effective challenge. ORR provides independent, risk-based review and effective challenge of the Company's operational risk, inclusive of technology risk, and operational risk-related processes and controls. In-scope risk categories include Fraud, Operations, People, Security of Physical Assets, Third Party, Business Resiliency, Systems, Cyber/Information Security, Legal, Model, Conduct, Data Management, and Fiduciary. Objective risk mitigation, process, and control review activities include planning and scoping, design and execution, reporting and rating, issue creation, and issue validation.
Responsibilities

• Lead and execute operational risk reviews, issue validations, continuous monitoring activities, and other ORR projects in accordance with established methodology, timelines, quality expectations, and stakeholder commitments.
• Support ORR process improvement, guidance material development (e.g., procedures, job aids, and templates), data enablement, reporting enhancements, and other initiatives that improve consistency, quality, efficiency, and transparency across ORR execution.
• Coordinate review activities across Analysts and stakeholders, including planning work, clarifying roles, monitoring progress, reviewing work product, and ensuring timely escalation of issues, dependencies, or quality concerns.
• Lead issue validation activities by assessing whether corrective actions address root cause, whether remediation is sustainably implemented, and whether evidence supports closure or requires continued challenge.
• Evaluate processes, controls, documentation, systems, data, and evidence to identify control weaknesses, process gaps, remediation deficiencies, and risk exposure within the operational risk and control environment.
• Develop and review audit-ready workpapers, testing support, analysis, reporting materials, issue language, validation conclusions, and executive-ready summaries that are clear, complete, and supportable.
• Use data, reporting, and analytical techniques to identify trends, anomalies, population/sample considerations, emerging risks, evidence gaps, and opportunities to improve review coverage or validation consistency. Including dashboard creation and maintenance (e.g., Power BI, Excel, etc.)
• Apply credible and constructive effective challenge with business line stakeholders and Risk Management partners to influence sustainable solutions that mitigate operational risks.
• Communicate review results, issue validation outcomes, significant risks, and escalation items through clear verbal updates and concise written deliverables to the ORR Team Lead, Manager, Senior Manager, and other stakeholders.
• Coach and provide work direction to supporting Analysts on assigned review or validation activities, including feedback on evidence evaluation, documentation quality, data analysis, communication, and issue escalation.

Basic Qualifications

• Bachelor's degree, or equivalent work experience.
• Typically more than six years of applicable experience

Preferred Skills/Experience

• Advanced knowledge of operational risk, control frameworks, issue management, remediation validation, and risk-based review practices.
• Advanced Risk, Compliance, and Audit competencies, including the ability to evaluate complex evidence, apply sound judgment, and document supportable conclusions.
• Advanced understanding of business operations, products, services, systems, data flows, processes, and associated risks.
• Strong analytical skills, including the ability to evaluate data, identify trends or anomalies, assess remediation sufficiency, and connect evidence to risk-based conclusions.
• Strong process facilitation and project management skills, including the ability to lead complex assignments, manage competing priorities, and drive timely execution in ambiguous situations.
• Strong business acumen and credibility to help business line(s) proactively identify risks, address control gaps, and strengthen risk management practices.
• Excellent presentation, interpersonal, written, and verbal communication skills, including the ability to produce concise, executive-ready messaging and influence stakeholders through effective challenge.
• Proficient computer navigation skills using Microsoft Office applications, including Word, Excel, PowerPoint, and related reporting, data, or workflow tools.
• Applicable professional certifications such as CRCM, CAMS, CPA, CIA, CISA, CRISC, or similar credentials are preferred.

LOCATION EXPECTATIONS: This role requires working from a U.S. Bank Location three (3) or more days per week.
NOTE: This position is not eligible for current or future visa sponsorship.
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 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.
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.
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: $105,400.00 - $124,000.00
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.