Climate Risk Scenario Analysis Leader

U.S. Bank is seeking a Climate Risk Scenario Analysis Leader in Minneapolis, MN. This role involves leading the design and implementation of climate risk scenario analysis, collaborating with internal teams, managing projects, and evaluating external vendor solutions. Candidates should have over 10 years of experience, strong leadership skills, and a deep understanding of climate-related risks and regulatory expectations. Benefits include flexible scheduling and comprehensive health plans.
About the position

The Climate Risk Scenario Analysis Leader at U.S. Bank will play a pivotal role in leading the design, development, and implementation of scenario analysis capabilities focused on assessing the impacts of physical and transition climate risks. This position involves collaboration with various internal stakeholders to execute the climate scenario analysis program, which is essential for aligning with regulatory expectations and enhancing the bank's understanding of climate-related risks.

Responsibilities
• Lead enterprise-wide initiatives related to Climate Risk scenario analysis and stress testing capabilities covering Physical and Transition Risks.
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• Develop project plans, including scope, timeline, and participants for each initiative.
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• Guide cross-functional teams to complete initiatives, managing relationships to gain support and commitment from other groups across the bank.
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• Lead discussions with Economic Scenarios, Credit Risk Modeling, Credit Risk Management, Business Line, and other groups to develop new methodologies for evaluating climate risk impacts and drive implementation.
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• Chair the Climate Scenario Working Group (CSWG) and lead ongoing meetings by determining topics, creating materials, and presenting discussions.
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• Identify CSWG members to support each climate scenario analysis project, build teams, and gain support and commitment.
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• Evaluate external vendor solutions to help fill gaps in data and/or analytical capabilities, performing quality analysis on vendor solutions and leading vendor trial engagements.
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• Manage external vendor/consultant engagements to complete climate scenario analysis projects.
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• Support efforts led by the European subsidiary on European regulatory requirements around climate scenario analysis and stress testing.
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• Develop project plans and lead projects to build capabilities for potential future regulatory exercises.
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• Serve as the company expert on climate stress testing industry practices and regulatory expectations, presenting findings to senior leadership.

Requirements
• Bachelor's degree or equivalent work experience.
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• Typically more than 10 years of applicable experience.
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• Advanced knowledge of applicable laws, regulations, financial services, and regulatory trends that impact the assigned line of business.
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• Advanced understanding of the business line's operations, products/services, systems, and associated risks/controls.
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• Thorough knowledge of Risk/Compliance/Audit competencies.
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• Strong leadership and management skills of processes, projects, and people.
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• Effective written and verbal communication skills.
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• Strong analytical, problem-solving, and negotiation skills.
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• Proficient computer skills, especially Microsoft Office applications.

Nice-to-haves
• Sustainability & Climate Risk (SCR) certification through GARP, or willingness to complete certification upon employment.

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