Compliance Quality Assurance Lead Testing Analyst - Fiduciary Oversight and Testing

U.S. Bank; Tempe (AZ); On-site; USD 105,000 - 124,000; Full time

Benefits offered by this job

Healthcare

Life insurance

Disability insurance

Paid time off

Retirement plan

Job summary

U.S. Bank in Tempe, AZ is seeking a Compliance Quality Assurance Lead Analyst to support the IRRA second line. You will partner with BUs and risk/compliance professionals to implement and oversee a fiduciary risk framework, conduct testing, identify control weaknesses, and propose mitigation strategies.

You will report testing results to the Manager and coach Analysts as needed. While not a people manager, you will provide oversight and feedback and work from a U.S.

Qualifications

• Bachelor's degree or equivalent work experience.
• Typically 6+ years of applicable experience.

Responsibilities

• Partner with BUs and risk teams to oversee the risk management framework.
• Lead testing to confirm fiduciary/trust compliance with laws and regulations.
• Identify control weaknesses and propose mitigations.
• Communicate results and escalate significant risks to leadership.
• Provide oversight and coaching to supporting Analysts.

Skills

Fiduciary principles

Trust administration

Investment management

Fiduciary regulations

Risk assessments

Audits

Analytical skills

Communication skills

Legal compliance

JD / certifications

Education

Bachelor's degree or equivalent

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.

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.

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.

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.