Risk Manager - Institutional Services

Institutional Trust & Custody And Investment Advisor Services Risk Manager

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 atall from Day One.

U.S. Bank is seeking a highly effective and dynamic Institutional Trust & Custody (IT&C) and Investment Advisor Services (IAS) Risk Manager to lead our pursuit of effectively delivering a sound risk and control environment for trustee and custodial relationships in the Institutional Services businesses. This highly visible and strategic role will collaborate with internal partners to drive an enterprise risk management approach to solve key business line challenges. Success will be measured through effective and proactive risk mitigation efforts, and collaborative partnerships.

An Institutional Trust & Custody (IT&C) and Investment Advisor Services (IAS) Risk Manager should understand:

• Trustee and custodian services.
• Registration Investment Advisor Rules.
• ERISA and retirement plans.
• Fee administration and receivables.
• Client asset pricing and valuation.
• Cash management and disbursements.
• Corporate actions.
• Asset servicing.
• Digital asset / crypto custody initiatives.
• Advisor and fiduciary services.

Partners with their assigned line-of-business, Risk/Compliance/Audit (RCA) Managers and other RCA professionals to -depending on their function- create, implement, maintain, review or oversee an effective risk management framework. Participates in projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations. Identifies gaps and inform solutions that minimize losses resulting from inadequate internal processes, systems or human errors. Identifies, responds and/or escalates risks as appropriate. Serves as a functional liaison between the line-of-business and the lines-of-defense.

Knowledge in the following areas may include trustee and custodian services, Registered Investment Advisor rules, ERISA and retirement plans, fee administration and receivables, client asset pricing and valuation, cash management and disbursements, corporate actions, asset servicing, digital asset initiatives, and advisor and fiduciary services.

Basic qualifications typically include more than six years of applicable experience and a bachelor's degree, or equivalent work experience.

Preferred skills/experience include considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business. Considerable understanding of the business line's operations, products/services, systems, and associated risks/controls. Thorough knowledge of Risk/Compliance/Audit competencies. Strong analytical, process facilitation and project management skills. Effective presentation, interpersonal, written and verbal communication skills. Effective relationship building and negotiation skills. Proficient computer navigation skills using a variety of software packages including Microsoft Office applications and word processing, spreadsheets, databases, and presentations. Applicable professional certifications.

This role requires working onsite from a U.S. Bank location three 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:

• 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

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.

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: $105,400.00 - $124,000.00

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.