CQA Analyst - WCIB Regulatory Compliance Testing Analyst

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

Conduct regulatory compliance testing of brokerage, investment advisory, institutional capital markets and investment service activities within Compliance Quality Assurance. Assess assigned business line’s compliance with applicable internal policies and procedures, the adequacy of internal controls, and compliance with SEC, FINRA, MSRB, OCC, and applicable State laws/regulations. Successful candidate will develop comprehensive testing plans, determine representative sample selection, execute testing, and communicate findings, as well as recommend corrective action.

BASIC QUALIFICATIONS

• Bachelor’s degree, or equivalent work experience
• Typically more than five years of applicable experience

PREFERRED SKILLS/EXPERIENCE

• 3+ years of experience in testing/regulatory compliance activities;
• Strong knowledge of laws and regulations associated with business line activities;
• Strong oral and written interpersonal communication skills;
• Thorough understanding of the business line’s operations, product/services, systems, and associated risks/controls;
• Thorough knowledge of applicable laws, regulations, financial services, and regulatory trends that impact the business line;
• Thorough knowledge of Risk/Compliance/Audit competencies;
• Strong process facilitation, project management and analytical skills;
• Business acumen and credibility;
• Self-starter with the ability to manage the workload and handle competing priorities;
• Proficient computer skills, especially Microsoft Office applications; and
• FINRA 7, 63, or 66 licenses
  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.

JOB DUTIES

The ideal candidate will perform the following essential functions:

• Conduct compliance testing of the business line’s brokerage, investment advisory, institutional capital markets and investment service activities to ensure adherence with applicable procedures and regulatory requirements;
• Identify and recommend corrective action necessary to address compliance gaps or improve adherence to regulatory requirements;
• Develop a strong understanding of the business line’s key risks and corresponding controls;
• Evaluate the adequacy of the business line’s controls;
• Maintain thorough documentation of work performed and support conclusions;
• Provide detailed written reports summarizing findings and present to the testing manager;
• Participate in compliance projects and initiatives, as necessary; and
• Keep abreast of legal and regulatory matters affecting the compliance testing program.

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