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 at—all from Day One.

Job Description

The Fiduciary Risk Officer is responsible for assessing fiduciary risk within the Institutional Trust and/or Global Corporate Trust divisions. Monitors compliance with Trust policies and procedures, applicable state law and Federal regulations; ensures fiduciary activities meet regulatory requirements. Provides support in responding to internal audit and OCC examination inquiry of fiduciary products and services. Works collaboratively to apply consistent fiduciary standards across divisions. Supports the implementation of the business line’s strategic initiatives, such as new vendors, systems, products and segments, by advising on fiduciary risk, informing procedure and control design, participating in Steering Committees, facilitating training. Works collaboratively with the Legal division to resolve fiduciary risk matters. Prepares materials and presents to committees.

The key responsibilities include:

• Risk Assessment and Mitigation: Partnering with the business line, compliance (second line of defense), internal audit (third line of defense) and Legal divisions stakeholders to identify, evaluate and create plans to mitigate fiduciary risk within the Trust entities’ products, services and strategic initiatives.
• Compliance and Regulatory Oversight: Ensure compliance with industry regulations, standards, and best practices related to fiduciary risk. Stay abreast of relevant OCC handbook requirements and regulatory changes and update risk management frameworks accordingly. Participate in regulatory examinations and internal audits, facilitate responses and root cause analysis.
• Monitoring and Reporting: Establish robust monitoring mechanisms to track risk exposure and control effectiveness. Generate insightful reports for senior management, committees and stakeholders on risk profiles, trends and mitigation efforts.
• Training: Conduct training for business line partners and other staff members of the Chief Risk Office to facilitate understanding of fiduciary risk.

Basic Qualifications

• Bachelor's degree, or equivalent work experience
• Typically more than 10 years of applicable experience

Preferred Skills and Experience

• Advanced knowledge of 12 CFR 9 (Reg 9)
• Knowledge of SEI/SEI Wealth Platform (SWP)
• Knowledge of FileNet
• Advanced understanding of the business line’s operations, products/services, systems, and associated risks/controls
• Thorough knowledge of Risk/Compliance/Audit competencies
• Strong leadership and management skills of processes, projects and people
• Effective written and verbal communication skills
• Strong analytical, problem-solving and negotiation skills
• Proficient computer skills, especially Microsoft Office applications

Hybrid/flexible schedule

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

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:

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 (some may vary based on role, location or hours):

• 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.

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 the E-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 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: $133,365.00 - $156,900.00

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.