US Banks Business Control Unit (BCU) Officer Bank Deposits Risk Coverage Vice President

About the role

The U.S. Banks seeks a Vice President (VP) to join the First Line Business Risk team to provide risk oversight for the U.S. Banks Deposits and Cash Management (DCM) business unit.

Responsibilities

• Execute First Line of Defense (FLOD) oversight across deposit products (Sweeps, Savings, Certificates of Deposit, Term Deposits), ensuring risks are identified, assessed, monitored, and reported.
• Lead execution of core Bank risk frameworks including RCSA/NFRA, issue and incident management, and control effectiveness monitoring, maintaining accurate documentation in firm systems (e.g., iNFRA, OpenPages).
• Partner with stakeholders across all three lines of defense (BU, Operations, Technology, Compliance, 2LOD and Internal Audit) to ensure proactive, consistent, and effective risk management practices.
• Support new products and change governance (NPA/SMA), ensuring appropriate risk and control coverage.
• Identify, measure, monitor, and report current and emerging risks, maintaining a robust control environment aligned to regulatory expectations.
• Support operational risk incident and issue management, including identification, tracking, and ensuring timely remediation with clearly defined action plans, owners, and due dates.
• Attend management meetings and governance forums to monitor operational risk across products and services, providing insights and credible challenge.
• Confirm effective management information systems (MIS) and KPI/KRI metrics are in place to identify, monitor, and escalate risks across deposit products.
• Implement and maintain written procedures to ensure consistency, control effectiveness, and compliance with regulatory and Bank expectations.
• Prepare and deliver risk reporting and management information (e.g., dashboards, scorecards, governance materials) to support senior management and committee oversight.
• Track deliverables and ensure deadlines are met across risk, control, and governance activities.
• Manage, coach, and support junior team members, fostering a strong risk and control culture.

Qualifications

• Minimum 8–10 years of professional experience in financial services, preferably in risk management, compliance, audit, or finance within a highly regulated environment.
• Experience supporting deposit products, cash management, or payment-related activities and associated risk frameworks.
• Experience with risk assessments (RCSA/NFRA), issue management, process documentation, and/or analytics/reporting is preferred.
• Bachelor’s Degree in Finance, Accounting, Economics, or a related field (Preferred).
• Project Management experience and ability to manage multiple workstreams and stakeholders.
• Experience interacting with regulators or supporting audits/exams is a plus.