Commercial Lending Business Line Regulatory Review Manager

at  US Bank National Association

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

This Commercial Lending Business Line Regulatory Review Manager is a key leadership role responsible for overseeing the operational aspect of the Insurance Support staff within the Commercial Lending Services Group. This Commercial Lending Business Line Regulatory Review Manager will maintain a high degree of knowledge of appropriate laws and regulations for an assigned product specialty or geographic area.

Additional Responsibilities:

• Analyzes and interprets Federal, State and other regulatory authorities’ rules and regulations.
• Reviews and analyzes internal and external regulatory reports and coordinates with responsible parties to ensure compliance with applicable regulations.
• Conducts compliance reviews, manages compliance exceptions and investigates and responds to customer complaints.
• Is actively involved in the development, implementation and distribution of all regulatory or compliance based policies and procedures.
• Provides current regulatory information to management and applicable business units and maintains records to meet compliance requirements.
• Assists in the development of compliance programs and conducts training and monitoring.
• Requires interpretation of assigned regulation and laws, dissemination of critical information and proposes appropriate changes and solutions to enterprise policy and guidelines.
• Requires direct interaction with internal/external audit examiners.

BASIC QUALIFICATIONS

• Bachelor’s degree, or equivalent experience
• Eight to ten years of related experience

PREFERRED SKILLS/EXPERIENCE

• Insurance experience, with a practical working knowledge of commercial lines. Specifically, knowledge of property, casualty, liability, Inland Marine, commercial auto, Workers Compensation, Builders’ Risk and Flood (NFIP & Private).
• Insurance designations such as CPCU, ARM, AU etc. are a plus. The same for any producer licensing. However, not required.
• Experience in and confidence with reading and interpreting insurance policy contracts and loan documents
• Strong knowledge of federal, state and local laws and regulations
• Thorough knowledge of the products, policies, operations and procedures related to the business unit
• Well-developed leadership abilities and strategic management skills
• Knowledge of unit(s) and relation to insurance industry
• Strong verbal and written communication skills
• Strong analytical, decision-making, problem-solving and negotiation skills
• Considerable tact, diplomacy and people skills
• Proficient computer skills, especially Microsoft Office applications
• Strong project management skills
• Advance knowledge of Risk/Compliance/Audit competencies

Additional Responsibilities:

• Analyzes and interprets Federal, State and other regulatory authorities’ rules and regulations.
• Reviews and analyzes internal and external regulatory reports and coordinates with responsible parties to ensure compliance with applicable regulations.
• Conducts compliance reviews, manages compliance exceptions and investigates and responds to customer complaints.
• Is actively involved in the development, implementation and distribution of all regulatory or compliance based policies and procedures.
• Provides current regulatory information to management and applicable business units and maintains records to meet compliance requirements.
• Assists in the development of compliance programs and conducts training and monitoring.
• Requires interpretation of assigned regulation and laws, dissemination of critical information and proposes appropriate changes and solutions to enterprise policy and guidelines.
• Requires direct interaction with internal/external audit examiners

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 la