18 days old

Regulatory Aggregation Specialist - Minneapolis, MN

U.S. Bank
Minneapolis, MN 55405
This individual will create customer hierarchies in the new Single Counterparty Credit Limit (SCCL) database, used for the SCCL, Qualified Financial Contracts (QFC), and Internal Aggregation initiatives. The Specialist will be expected to independently study, understand, and apply complex credit aggregation rules for each type of hierarchy. In certain instances, this will require independently researching corporate organization structures themselves; in others, it will require conducting a detailed review and correction of such hierarchy information presented by the client management team. This information will then be used to properly link customer entity data in the system. For a certain group of relationships, a comprehensive assessment of the economic interdependencies of the subject entity must be conducted, with appropriate adjustments to its hierarchy made to capture these relationships. This role will also review the hierarchies built by junior staff. Based on regulatory requirements, the Specialist must be able to identify related entities with qualifying exposure. When completed, the record on the system will accurately reflect the SCCL view of the relationship, as well as any other customized views such as QFC hierarchy and Internal Aggregation, as required. Periodically, the Specialist will perform maintenance on hierarchy records to reflect any changes that may become necessary, due to extensions of credit to new entities to an existing relationship as well as due to corporate structure changes, M&A activity, ownership changes, etc. **Qualifications:** Basic Qualifications - Bachelor's degree, or equivalent work experience - Eight or more years of experience in regulatory compliance activities Preferred Skills/Experience - Advanced knowledge US Bank internal systems - Thorough knowledge of U.S. Bancorp operations, policies and procedures - Excellent verbal and written communication skills - Ability to work at a fast pace Basic accounting knowledge Strong familiarity of various corporate structures and complex ownership structures Understanding of credit structures ability to read credit agreements to interpret guarantees **Job:** Risk/Compliance/QC/Audit/Fraud **Primary Location:** Minnesota-MN-Minneapolis **Shift:** 1st - Daytime **Average Hours Per Week:** 40 **Requisition ID:** 190035620 **Other Locations:** Colorado-CO-Denver, Wisconsin-WI-West Milwaukee, Tennessee-TN-Nashville, Oregon-OR-Portland, Ohio-OH-Cincinnati U.S. Bank is an Equal Opportunity Employer committed to creating a diverse workforce. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

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Posted: 2019-10-31 Expires: 2019-11-30

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Regulatory Aggregation Specialist - Minneapolis, MN

U.S. Bank
Minneapolis, MN 55405

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