IRRA BLQA Analyst

$90,100 - $106,000/Yr

US Bank - Minneapolis, MN

Full-time - Mid Level

Minneapolis, MN

Credit Intermediation and Related Activities

About the position

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. U.S. Bank is seeking a Business Line Quality Assurance (BLQA) Analyst responsible for the execution of quality assurance testing activities within Independent Risk Review and Assessment (IRRA), a second line of defense independent testing function. The Analyst will conduct test preparation, test execution and identification of control and process weaknesses through testing activities. This includes proposing changes to business line procedures or controls to improve any process gaps, maintaining testing documentation in keeping with department's policies, and creating comprehensive audit trails/work papers while assessing and documenting appropriate test conclusions. The Analyst will ensure proficient knowledge of the operations of the functional areas, monitor key risk indicators and emerging risks to identify potential edits or updates for existing test scripts/procedures. They will perform routine to moderately complex testing and control assessment activities in accordance with the annual test plan, identify control deficiencies, and document test results. Leading collaboration sessions with the business unit to vet test findings and review testing results is also a key responsibility. The Analyst will identify and document the process to validate test populations and pull samplings, utilize effective verbal communication of testing results to the BLQA Lead Analyst and/or Manager, and respond to and/or escalate significant risks as appropriate. Additionally, they will maintain accurate and complete records and prepare statements and reports, providing project and analytical support for medium projects and/or assisting with larger, more complex projects.

Responsibilities

• Conduct test preparation and execution of quality assurance testing activities.
• Identify control and process weaknesses through testing activities.
• Propose changes to business line procedures or controls to improve process gaps.
• Maintain testing documentation in accordance with department policies.
• Create comprehensive audit trails/work papers and assess appropriate test conclusions.
• Ensure proficient knowledge of the operations of functional areas.
• Monitor key risk indicators and emerging risks for updates to test scripts/procedures.
• Perform routine to moderately complex testing and control assessment activities according to the annual test plan.
• Identify control deficiencies and document test results.
• Lead collaboration sessions with business units to vet test findings and review results.
• Identify and document processes to validate test populations and pull samplings.
• Utilize effective verbal communication of testing results to the BLQA Lead Analyst and/or Manager.
• Maintain accurate and complete records and prepare statements and reports.
• Provide project and analytical support for medium projects and assist with larger, more complex projects.

Requirements

• Bachelor's degree or equivalent work experience.
• Typically more than five years of applicable experience.
• Basic or intermediate Risk, Compliance, and Audit competencies.
• Basic understanding of the business line's operations, products, services, systems, and associated risks.
• Solid business acumen and credibility to help business line(s) proactively identify and address risks.
• Average process facilitation, project management, and analytical skills.
• Average presentation, interpersonal, written, and verbal communication skills.
• Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications.

Nice-to-haves

• Applicable professional certifications (CPA, CIA, etc.) are preferred.

Benefits

• 401(k)
• 401(k) matching
• Adoption assistance
• Dental insurance
• Disability insurance
• Flexible schedule
• Health insurance
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law