Regulatory Liaison

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

The Corporate Audit Services (CAS) Regulatory Liaison is a rotational management position that is responsible for facilitating accurate and timely communications with regulatory agencies who have routine interactions with the internal audit function for U.S. Bancorp (USB). This role supports CAS Leadership in their responsibilities to provide the Audit Committee and senior management with independent assurance and advisory services designed to evaluate and improve the effectiveness of risk management, control, and governance processes of USB, affiliates, wholly owned subsidiaries and entities where USB owns a majority (controlling) interest.
This role acts as a primary point of contact for examiners who are seeking to understand internal audit coverage and results for USB through exam support (both of the company as a whole, as well as internal audit) and their continuous monitoring of the company.
We are seeking an experienced leader that has strong knowledge and experience managing the relationship with examiners of large financial institutions (typically greater than $500B in assets). This individual will have skills and experiences to effectively manage deliverables and support accurate, complete and timely communications with the regulatory agencies.

RESPONSIBILITIES

• Facilitate multiple, concurrent exams that require audit teams to provide formal written responses to questions and to meet in-person with exam teams to discuss audit coverage, audit results, and responses to regulatory inquiries.
• Facilitate internal audit team preparation for routine meetings with examiners who are charged with monitoring the control environment at the company.
• Author regulatory status reporting for Board level committees and internal governance committees.
• Communicate status of regulatory activities to CAS Leadership, providing both verbal and written updates as needed.
• Facilitate the regulatory issue validation process, where various internal audit teams opine on management’s remediation actions and communicate validation results to regulatory agencies and other stakeholders.
• Manage the post-mortem exam process for the internal audit teams to assess exam results and determine any required adjustments to planned audit coverage based on the exam results.
• Liaise with CAS Professional Practices team to maintain an inventory of regulatory handbooks, including instruction for audit teams to include relevant regulatory handbook information as part of the risk assessment process.
• Maintain accurate and timely reporting for all CAS regulatory activities to ensure stakeholders are aware of assigned tasks and deadlines.
• Maintain strong relationships with the Regulatory Services team that coordinates regulatory interactions bank-wide to promote consistency of interactions with examiners and management.
• Performing other duties as requested by Senior Audit Director.

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