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, enabling the communities we support to grow and succeed in the right ways, all more confidently and more often—that’s what we call the courage to thrive.   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. Try new things, learn new skills and discover what you excel at—all from Day One. 

As a wholly owned subsidiary of U.S. Bank, Elavon is committed to building the platforms and ecosystems that help over 1.5 million customers around the world to achieve their financial goals—no matter what they need. From transaction processing to customer service, to driving innovation and launching new products, we’re building a range of tailored payment solutions powered by the latest technology. As part of our team, you can explore what motivates and energizes your career goals: partnering with our customers, our communities, and each other. 

Job Description

U.S. Bank National Association is seeking a highly self-motivated individual contributor for the position of TPRM Portfolio Risk Manager. The Risk Manager plays a critical role in executing the TPRM program with a strong focus on risk identification, assessment, and mitigation throughout the third party lifecycle. This role goes beyond managing process execution- it is responsible for proactively evaluating and managing third party risk in partnership with key stakeholders to protect the company from potential exposure and ensure resilience.

This position serves as a trusted advisor to the business, driving risk-based decision-making while ensuring alignment with regulatory expectations, policy requirements, and service-level objectives. With direct responsibility for partnering with Product Service Owners (PSOs) in assigned Business Lines (BL), BL Chief Risk Officers (CRO) staff, Risk/Compliance/Audit (RCA) Managers, Procurement Partners, Law Division, Technology and Information Security teams to implement and drive the end-to-end execution of third-party risk management lifecycle.

Essential Functions

Risk Identification & Mitigation: Identify, assess, monitor and manage third party risks- with heightened focus on critical activities, operational resiliency, information security, concentration and compliance risks.Lifecycle Oversight: Lead and support execution of third party lifecycle activities including due diligence, ongoing monitoring, risk assessments, issue remediation, and exit strategies, ensuring alignment with policy and control requirements.Stakeholder partnership: Serve as a key liaison to business line stakeholders, risk SMEs, legal, and compliance to guide third party decisions and ensure appropriate risk treatment strategies are applied.Service Level Management: Monitor and ensure performance of third parties meets defined SLAs and KPIs, escalating concerns and driving remediation as needed.Continuous Improvement: Identify opportunities to enhance the TPRM program, tools, or processes with a risk-focused lens, contributing to a culture of continuous improvement.Regulatory Alignment: Stay current on regulatory guidance (e.g. OCC, FRB, DORA) and internal policy expectations to ensure third party engagements remain complaint and well-managed.Relationship & Risk Management:Maintain and manage the risk and relationships with third party contacts globally (e.g., Account Manager) to support the Product Service Owners.Understand and actively manage BL third party portfolios ensuring optimal product/service mappings, assessments/evaluations, and segmentation across both Corporate and Business Directed programs.End-to-end responsibility for process execution/facilitation from change request intake through due diligence, risk assessment, contracting and ongoing monitoring incl. any Third-Party Events/Incidents.Stay actively involved with assigned BL relationship managers/stakeholders and assist CROs with reporting updates for BL Risk Committee meetings.Shepherd the request for new third parties, new product services, or new contracts through the process (Archer, Contract Lifecycle Management workflows) while prudently managing risk.Coordinate contract reviews with Procurement, Law Division, and other RCS groups and ensure negotiations progress.Effectively challenge RCS groups on findings (quantity and ratings severity) and escalate as needed.Actively manage remediation plans through discussions with BL, RCS groups and third parties.Actively manage reassessments and ensure overall portfolio risk remains within appetite (i.e., minimize Key Risk Indicator or other operational metric breaches etc.).Partner with Product/Service Owners with BL's to actively manage third party performance, business continuity, resiliency, etc.

                           

Basic Qualifications

Bachelor's degree, or equivalent work experience in Risk Management, Business, Finance, or related field (certifications such as CTPRP, CRVPM a plus but not required)Typically, more than six years of applicable experience in risk management, third party or vendor risk, or a related compliance function.Strong understanding of third party risk domains (e.g. information security, resiliency, compliance, financial health, etc.).

Preferred Skills/Experience

Proven ability to assess complex risks and translate into actionable insights and guidance.Significant experience in all aspects of Third-Party Risk Management (TPRM) program management and understanding of applicable laws, regulations, financial services, and regulatory trends that impact the bank across the international U.S. Bancorp footprint.Excellent interpersonal skills with the ability to influence and collaborate across business lines and functions.Experience with TPRM platforms (e.g. Archer, ServiceNow)Understanding of the business line’s operations, products/services, systems, and associated risks/controls.Thorough knowledge of Risk/Compliance/Audit competencies.Individual contributor skills in process management, influencing and negotiating.Skills necessary to manage stressful situations.Effective written and verbal communication skills.Strong analytical and problem-solving skills.Thrives in a dynamic, fast-paced environment with frequent changes in priorities; must be adaptable and open to evolving responsibilities.Thought leader with a proactive mindset- able to challenge the status quo, offer strategic insights, and contribute to the continued evolution of the TPRM program.Proficient computer skills, especially Microsoft Office applications.The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

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:

We offer an exciting, fast-paced and diverse working environment with employees of many different nationalities. We provide benefits to help you protect your health and financial security; and give you peace of mind. We also invest in your career growth with development resources that give you the opportunity to stretch and shine.

Posting may be closed earlier due to high volume of applicants.