University of Wisconsin-Superior
Swenson Hall 1061
Belknap and Catlin
P.O. Box 2000
Superior, WI 54880
Mon - Fri 7:45am - 4:30pm
Name: Ryan Nelson
Major, minor, and graduation year: Double major in Economics and Business Admin concentration Finance in 1997.(I'm 90% sure of this)
Job Title: Assistant Vice President/Risk Manager
Organization/ Place of work: US Bank
-I mainly deal with Consumer Banking within US Bank which includes all the branches, our 24 hr phone and internet banking group, Mortgage, Consumer Lending, and a variety of other smaller areas.Within this group, I more specifically deal with Information Security/Privacy, GLBA (Gramm Leach Bliley act), AML/BSA (Anti-Money Laundering/Bank Secrecy Act), Money Service Businesses, Wire Transfers, and misc other projects.I have three people that report to me.One is a Risk Manager who specializes in the retail branches (which now includes over 3000 branches in 24 states), internet banking and fraud prevention.The other two are analysts who perform some fraud monitoring and other maintenance functions for the branches.
There are many different types of Risk Managers at US Bank and other banks.To try to put it in simple terms, our job is to analyze a situation (this could be many different things like a loan, a new type of checking account, new fee, new government regulation, etc.) and decide whether there is a risk and if there is, how are we as a bank, going to deal with it.
- I have the opportunity to make real, positive change for the bank and our customers.Plus, I deal with so many different things that there is no getting bored because every day is different.
-The current regulatory environment in banking is tough and the entire banking industry's reputation has taking a negative turn the last few years.Some of it deserved most of it not.My biggest complaint is having to make changes that don't make business sense because a regulator/regulatory body doesn't agree with how we are doing it.
-I probably spend 90% of my time in my office, much of that time on conference calls.The other 10% is outside the office attending conferences or meetings in person.
-From the time I arrived at UWS, I was pretty sure I wanted to get into banking.I wasn't exactly sure what part of it though.Money movement, the stock market, and the economy in general have always been an interest of mine.After I graduated, my first real job was with TCF bank in
-Certainly without my degree I wouldn't be here today.I would say the most important qualification was my retail branch experience.
-I think being flexible, being able adapt to different situations has really helped me.Having the confidence to make a decision and stick by it.Being able to multitask while using time management skills is very important.I may be working on a variety of things at the same time and I have to prioritize the work.I am also very competitive person and that drives me.
-I played on the baseball team at UWS and played different team sports throughout my life.I believe being part of a team or group is a very valuable experience as you move out of college and into the job market.Being able to work together toward a common goal is extremely important.
-I think most business degrees would work.Economics and Finance seem to be the most popular.There are some that have degrees completely outside of business but ended up with experience in the banking field after college.
-With the new regulatory environment, the Dodd Frank bill and the creation of the CFPB (Consumer Financial Protection Bureau) risk management in banking is very much a growing field.Just a few years ago, my area, Consumer Banking Risk Management started with two people.We now have 15.My plan is to continue in risk management for the foreseeable future. Every day I learn something new.
-I cannot say one piece of advice was better then another.Growing up, it was instilled in me to try to do the right thing, work hard but smart, do something you enjoy (or at least don't hate) and things would work out.
-First of all, get your degree.Without it you don't have much of a chance.It is not impossible but much more difficult.After that, just get in door with a bank, work hard, and do a good job.The opportunities will come.
-Definitely the Econ and Finance class were the most relevant.If I could do it over, I would have been a better student.Taken it a little more seriously and a few less keg parties.It has worked out for me but I think it took longer than it could have.For the field I got into, and don't know that I could have picked better classes then I did.
-I disagree with that.I don't have a master's degree and most of the people I work with do not have one.Obviously it is an advantage and I would never suggest it is a bad idea.But a necessity, no, at least not in the field I am in.Without one you may start a little lower and make less money but you can make that ground up if you are smart and work hard.Experience can be the great equalizer.Now if you want to be the CEO of a Fortune 500 company you are probably going to have to get an advanced degree at some point.My advice is get in with a company; most have tuition reimbursement, and let the company pay for some or all of your tuition.
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