Risk Manager Jobs in Minnesota

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

Partners with Senior to Executive Leaders in their assigned Line of Business, Risk/Compliance/Audit (RCA) Consultants, RCA Managers, and other Senior RCA Managers too, depending on the function, oversee the successful creation, implementation, and maintenance of an effective risk management framework. Accountable for projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations. Identifies gaps and drives solutions that minimize losses resulting from inadequate internal processes, systems, or human errors.

Accountable for the active identification, response, and/or escalation of risks as appropriate. Influences policies and procedures to maximize profit potential and minimize regulatory exposure. Accountable for an effective partnership between the Line of Business and the Lines of Defense. Manages a team of RCA Professionals with responsibility for staffing, performance management, prioritizing, guidance, and training.

Enterprise AI & Emerging Technology Risk Oversight

• Provide senior second-line leadership for AI, generative AI, agentic/autonomous AI and other emerging technologies, including blockchain/distributed ledger technology (DLT) and digital assets (e.g., stablecoins, tokenized deposits and assets, and digital asset custody).
• Establish and evolve the organization's risk-based approach to emerging technology oversight.
• Anticipate emerging technology risks and regulatory developments and translate them into appropriate risk oversight priorities.
• Provide independent review, credible challenge, and escalation of material technology-risk considerations.

AI Risk Governance

• Lead second-line oversight supporting the Artificial Intelligence Technology Policy and associated AI governance processes.
• Oversee the AI risk classification and tiering framework.
• Provide risk-based challenge of AI governance, methodology application, and material changes.
• Monitor trends, exceptions, and emerging risks to determine where enhanced oversight or governance may be warranted.
• Maintain effective escalation and reporting of significant AI risk issues to appropriate governance forums.

Digital Asset Risk Oversight

• Lead second-line oversight of the Bank's digital asset activities, including stablecoin and tokenized deposit initiatives, digital asset custody and safekeeping, tokenization and blockchain-enabled payment and settlement use cases.
• Provide independent review and credible challenge of new digital asset products, services and material changes through the new product and change-risk approval processes, ensuring activities remain within approved risk appetite.
• Oversee the identification and assessment of digital asset–specific risks, including cryptographic key management, smart contract integrity, wallet and custody security, network/protocol and consensus risk, reserve and liquidity management, and operational resilience of DLT platforms.
• Coordinate with BSA/AML, sanctions, fraud, consumer protection, third-party and cybersecurity risk partners to provide an integrated view of digital asset risk, including blockchain analytics and transaction-monitoring considerations.
• Assess third-party and ecosystem risk associated with digital asset custodians, sub-custodians, blockchain networks, issuers, and technology providers.
• Establish key risk indicators, monitoring and reporting for digital asset activities and escalate material risks, control gaps, and exceptions to appropriate governance forums.

Emerging Technology Strategy & Foresight

• Maintain a forward-looking view of emerging technologies and their implications for the Bank's risk profile.
• Assess how developments such as autonomous and agentic AI, tokenization, programmable money, and the convergence of AI with digital asset platforms may create new or materially different risk considerations.
• Connect emerging technology developments with existing enterprise risk disciplines instead of creating duplicative risk frameworks where established capabilities appropriately address the risk.
• Advise senior risk leadership on emerging technology trends requiring increased attention, governance, or oversight.

Independent Challenge and Regulatory Readiness

• Represent second-line emerging technology risk perspectives in regulatory, audit and independent assessment activities.
• Maintain readiness for evolving digital asset regulatory and supervisory expectations, including federal and state stablecoin frameworks, crypto-asset custody guidance, and related supervisory engagement.
• Ensure the organization's emerging technology oversight approach remains explainable, traceable, and supportable.
• Coordinate across relevant risk disciplines to provide an integrated view of emerging technology risk.
• Provide credible challenge while maintaining clear accountability between first-line execution and second-line oversight.

Governance & Executive Engagement

• Provide emerging technology risk perspectives to senior management and applicable risk governance bodies.
• Translate complex technology developments into clear business and risk implications for executive audiences.
• Escalate significant issues, recurring inconsistencies, and material methodology concerns through established governance channels.
• Partner with enterprise stakeholders on strategic initiatives involving AI, digital assets, and emerging technology.

Organizational Leadership

• Lead and develop a team of AI, digital asset, and emerging technology risk professionals.
• Build both technical-domain expertise and strong independent-risk-management capabilities within the team.
• Establish clear accountability across AI and emerging technology oversight activities.
• Develop talent and succession strategies appropriate for an increasingly important and rapidly evolving risk discipline.
• Development of a sustainable enterprise capability and talent pipeline, rather than dependence on individual subject-matter experts.

Basic Qualifications

• Bachelor's degree or equivalent professional experience.
• Extensive experience in enterprise risk management, technology risk, operational risk, compliance, cybersecurity, AI risk, financial services, or related discipline.
• Significant leadership experience in a large, highly regulated organization.
• Demonstrated experience engaging senior executives, governance committees, regulators, auditors, and cross-functional stakeholders.

Preferred Qualifications

• Advanced degree in business, risk, technology, law, or a related discipline.
• Deep understanding of artificial intelligence, generative AI, agentic/autonomous AI, and emerging technology risk.
• Working knowledge of blockchain/DLT, digital assets, stablecoins, tokenization and digital asset custody, including associated operational, cyber, financial crime and regulatory risks.
• Strong understanding of the three-lines-of-defense model and independent risk oversight.
• Experience establishing or transforming enterprise risk/governance programs.
• Knowledge of financial services regulatory expectations and emerging AI and digital asset regulatory requirements.
• Exceptional executive communication, judgment, influence, and organizational leadership skills.

Location Requirements
This role requires working from a U.S. Bank location three (3) or more days per week.

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.

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: $170,255.00 - $200,300.00

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.