Senior Merchant Risk Analyst Jobs in Minneapolis, MN

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) Analyst responsible for 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 contributing to risk-based reviews, issue validations, strategic projects, and data-informed analysis across business lines and enabling functions. ORR provides independent 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

• Execute assigned portions of operational risk reviews, issue validations, reviews, continuous monitoring, and other ORR projects in accordance with established methodology, timelines, and quality expectations.
• Evaluate business processes, controls, documentation, data, and evidence to support conclusions regarding process and control design, execution, issue remediation, and risk exposure.
• Support issue validation activities by assessing corrective actions, root-cause alignment, sustainability of remediation, and completeness of supporting evidence.
• Develop detailed, organized, and audit-ready workpapers, analysis, testing documentation, and support materials that clearly connect evidence to observations and conclusions.
• Develop and use data and reporting outputs to identify trends, anomalies, population/sample considerations, and potential areas of elevated operational risk.
• Partner with business line stakeholders and other Risk, Compliance, and Audit professionals to obtain information, clarify observations, and support effective challenge of risk, process, and control practices.
• Identify and escalate potential process or control weaknesses, evidence gaps, validation concerns, or significant risks to the ORR Lead Analyst, Team Lead, Manager, or Senior Manager, as appropriate.
• Prepare clear written summaries and verbal updates regarding review progress, analysis performed, findings, issues, risks, dependencies, and next steps.
• Contribute to process improvement, template enhancement, data quality routines, and other initiatives that improve consistency, transparency, and efficiency in ORR execution.

Basic Qualifications

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

Preferred Skills/Experience

• Basic to intermediate knowledge of operational risk, control frameworks, issue management, remediation validation, and risk-based review practices.
• Basic to intermediate Risk, Compliance, and Audit competencies, including the ability to evaluate evidence and document supportable conclusions.
• Solid understanding of business operations, products, services, systems, processes, data, and associated risks.
• Solid analytical skills, with the ability to review facts, identify patterns, evaluate data, and connect evidence to risks, controls, and remediation outcomes.
• Effective process facilitation and project management skills, including the ability to manage assignments, deadlines, dependencies, and shifting priorities.
• Effective presentation, interpersonal, written, and verbal communication skills, including the ability to summarize complex information clearly and professionally.
• 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: $92,820.00 - $109,200.00
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.