Compliance Quality Assurance Lead Testing Analyst - Fiduciary Oversight and Testing

Us Bank; Charlotte (NC); On-site; USD 105,000 - 124,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

Life insurance (basic)

Short-term & long-term disability

Paid vacation & holidays

401(k) retirement plan

Parental leave

Job summary

U.S. Bank seeks a Compliance Quality Assurance (CQA) Lead Analyst to oversee testing activities within the IRRA second line. You will partner with BUs and Risk, Compliance, and Audit to uphold a robust fiduciary risk management framework and to confirm adherence to fiduciary and regulatory requirements.

The role involves identifying control weaknesses, communicating results to leadership, and coaching analysts. A JD or relevant certifications are preferred; three+ days onsite at a U.S.

Qualifications

• Strong knowledge of fiduciary principles, trust administration, discretionary investment management, and applicable fiduciary laws and regulations.
• Experience with fiduciary and investment-related businesses (Personal/Institutional/Custodian trust, Asset Management, RIA, Fund Services).
• Background in legal, compliance, risk management, internal audit or fiduciary services within a financial institution.
• Experience conducting risk assessments, audits, compliance reviews, testing, or regulatory examinations of fiduciary activities.
• Ability to identify and evaluate fiduciary, regulatory, operational and investment-related risks, controls, and governance practices.

Responsibilities

• Partner with WCIB BUs and Risk, Compliance, Audit to support a risk management framework.
• Oversee testing activities to confirm compliance with fiduciary requirements and laws.
• Identify control and process weaknesses and recommend mitigations.
• Communicate testing results to the Manager with clear reports and escalation when needed.
• Provide oversight and coaching to analysts working on the assignments.

Skills

Fiduciary principles

Risk assessment

Analytical thinking

Project management

Regulatory communication

Legal/compliance

Education

Bachelor's degree

Job description

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 Compliance Quality Assurance (CQA) Lead Analyst is responsible for the administration and execution of testing activities within the Independent Risk Review and Assessment (IRRA) second line organization. Key roles and responsibilities include: (i) partnering with WCIB Business Units (BUs) and other Risk, Compliance, and Audit Professionals to help create, implement, maintain, review, and oversee an effective risk management framework, (ii) completing projects and/or activities that confirm compliance with fiduciary/trust requirements and applicable federal, state and local laws and regulations, (iii) identifying control and process weaknesses through testing activities, (iv) partnering with BUs and Risk Management groups to recommend and influence solutions to mitigate compliance risks, and (v) effectively communicating testing results to the Manager, including well written draft reports, and for responding to and/or escalating significant risks as appropriate. While not a people manager, the Lead Analyst is responsible for providing oversight, coaching, feedback, etc. specific to the work completed by supporting Analysts.

Basic Qualifications

• Bachelor's degree, or equivalent work experience

• Typically, more than six years of applicable experience

Preferred Skills/Experience

• Strong knowledge of fiduciary principles, trust administration, discretionary investment management, and applicable fiduciary laws and regulations.

• Experience supporting or overseeing fiduciary and investment-related businesses, including Personal Trust, Institutional Trust, Corporate Trust, Asset Management, Registered Investment Adviser (RIA), or Fund Services activities.

• Background in legal, compliance, risk management, internal audit, regulatory oversight, or fiduciary services within a financial institution.

• Experience conducting risk assessments, audits, compliance reviews, testing, or regulatory examinations of fiduciary and investment advisory activities.

• Ability to identify and evaluate fiduciary, regulatory, operational, and investment-related risks, controls, and governance practices.

• Strong analytical, critical thinking, project management, and problem-solving skills.

• Excellent written and verbal communication skills, with the ability to present complex regulatory and risk matters to senior leaders and stakeholders.

• Juris Doctor (JD) and/or relevant professional certifications (trust, compliance, audit, risk management, or investment-related) preferred.

This role requires working from a U.S. Bank location three (3) or more days per week.

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:

• 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

Review our full benefits available by employment status here.

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: $105,400.00 - $124,000.00

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.