Sr RCA 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

Partners with Senior to Executive Leaders in their assigned Line of Business, Risk/Compliance/Audit (RCA) Consultants, RCA Managers and other Senior RCA Managers to, depending on the function, oversee the successful creation, implementation, and maintenance of an effective risk management framework covering fiduciary activities within personal trust and investments. Accountable for projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations. Identifies gaps and drives solutions that minimize losses resulting from inadequate internal processes, systems or human errors. Accountable for the active identification, response and/or escalation of risks as appropriate. Influences policies and procedures to maximize profit potential and minimize regulatory exposure. Accountable for an effective partnership between the Line of Business and the Lines of Defense. Manages a team of RCA Professionals with responsibility for staffing, performance management, prioritizing, guidance and training.

Specific job responsibilities include:

• Identify, monitor, and report on processes, risks, and controls within risk appetite
• Collaborate on business line strategic initiatives to ensure risks are appropriately documented, reported, and escalated
• Provide advisory and implementation support in the development of management responses to manage associated risk
• Perform risk assessments to evaluate compliance with existing policies and procedures and to accurately identify risks and drive remediation processes to ensure
• Provide guidance on how to effectively achieve and sustain compliance with regulatory, industry and contractual obligations.
• Support Wealth Management in demonstrating evidence of control effectiveness and identify and escalate control gaps in a timely manner
• Deliver targeted and actionable risk reporting across various leadership levels
• Serve as a functional liaison between Wealth Management and the second and third lines of defense

Basic Qualifications

• Bachelor’s or advanced degree, or equivalent work experience
• Typically 12 or more years of applicable Fiduciary experience
• Considerable understanding of applicable laws, regulations, financial services, and regulatory trends that impact fiduciary activities within personal trust and investments

Preferred Skills/Experience

• Considerable 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 skills at managing stressful situations and conflict resolution
• Effective written and verbal communication skills
• Strong analytical, problem-solving and negotiation skills
• Proficient computer skills, especially Microsoft Office applications
• Applicable professional certifications (e.g. CFIRS, etc.)

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.

Specific job responsibilities include:

• Identify, monitor, and report on processes, risks, and controls within risk appetite
• Collaborate on business line strategic initiatives to ensure risks are appropriately documented, reported, and escalated
• Provide advisory and implementation support in the development of management responses to manage associated risk
• Perform risk assessments to evaluate compliance with existing policies and procedures and to accurately identify risks and drive remediation processes to ensure
• Provide guidance on how to effectively achieve and sustain compliance with regulatory, industry and contractual obligations.
• Support Wealth Management in demonstrating evidence of control effectiveness and identify and escalate control gaps in a timely manner
• Deliver targeted and actionable risk reporting across various leadership levels
• Serve as a functional liaison between Wealth Management and the second and third lines of defens

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