Compliance Quality Assurance Lead Testing Analyst Fiduciary Oversight and Testing
Job Location:
Minneapolis, MN - USA
Monthly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
At U.S. Bank were 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 atall from Day One.
The Compliance Quality Assurance (CQA) Lead Analyst is responsible for the administration and execution of testing activities within the Independent Risk Review and Assessment (IRRA) second line organization. Key roles and responsibilities include: (i) partnering with WCIB Business Units (BUs) and other Risk Compliance and Audit Professionals to help create implement maintain review and oversee an effective risk management framework (ii) completing projects and/or activities that confirm compliance with fiduciary/trust requirements and applicable federal state and local laws and regulations (iii) identifying control and process weaknesses through testing activities (iv) partnering with BUs and Risk Management groups to recommend and influence solutions to mitigate compliance risks and (v) effectively communicating testing results to the Manager including well written draft reports and for responding to and/or escalating significant risks as appropriate. While not a people manager the Lead Analyst is responsible for providing oversight coaching feedback etc. specific to the work completed by supporting Analysts.
Basic Qualifications
Bachelors degree or equivalent work experience
Typically more than six years of applicable experience
Preferred Skills/Experience
Strong knowledge of fiduciary principles trust administration discretionary investment management and applicable fiduciary laws and regulations.
Experience supporting or overseeing fiduciary and investment-related businesses including Personal Trust Institutional Trust Corporate Trust Asset Management Registered Investment Adviser (RIA) or Fund Services activities.
Background in legal compliance risk management internal audit regulatory oversight or fiduciary services within a financial institution.
Experience conducting risk assessments audits compliance reviews testing or regulatory examinations of fiduciary and investment advisory activities.
Ability to identify and evaluate fiduciary regulatory operational and investment-related risks controls and governance practices.
Strong analytical critical thinking project management and problem-solving skills.
Excellent written and verbal communication skills with the ability to present complex regulatory and risk matters to senior leaders and stakeholders.
Juris Doctor (JD) and/or relevant professional certifications (trust compliance audit risk management or investment-related) preferred.
This role requires working from a U.S. Bank location three (3) or more days per week.
If theres anything we can do to accommodate a disability during any portion of the application or hiring process please refer to ourdisability 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. Thats 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. Learn more about theE-Verify program.
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 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: $105400.00 - $124000.00U.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.
Required Experience:
IC
About Company
Experience personalized banking services for your unique needs with U.S. Bank - Checking, credit cards, home loans & convenient online banking. Member FDIC.
