Risk Manager - Institutional Services

Institutional Trust & Custody And Investment Advisor Services Risk Manager

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.

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.

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

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