Risk Manager - Institutional Services

U.S. Bank; Minneapolis, Northern (MN, KY); Hybrid; USD 105,000 - 124,000; Full time

Benefits offered by this job

Healthcare

401(k)

Paid vacation

Paid holidays

Adoption assistance

Sick leave

Job summary

U.S. Bank in Minneapolis, MN is seeking a Risk Manager to lead risk governance for trustee and custodial relationships within Institutional Services.

The role partners with RCA teams to drive an enterprise risk framework and mitigate losses from process, system, or human errors. The ideal candidate has 6+ years of experience, a Bachelor's degree, and deep knowledge of trustee services, ERISA, and regulatory trends.

Qualifications

• Typically more than six years of applicable experience.
• Bachelor's degree, or equivalent work experience.
• Thorough knowledge of Risk/Compliance/Audit competencies.
• Strong analytical, facilitation and project management skills.

Responsibilities

• Partner with RCA Managers to create and oversee an effective risk management framework.
• Identify gaps and inform solutions to minimize losses from gaps in processes or controls.
• Escalate risks appropriately and liaise between business lines and lines-of-defense.
• Support knowledge of trustee/custodian services and ERISA/retirement plan rules.

Skills

Analytical skills

Project management

Communication

Negotiation

Relationship building

Education

Bachelor's degree or equivalent

Tools

Microsoft Office

Job description

## Risk Manager - Institutional ServicesApplylocations: Minneapolis, MN: Charlotte, NC: Milwaukee, WItime type: Full timeposted on: Posted 8 Days Agotime left to apply: End Date: August 21, 2026 (8 days left to apply)job requisition id: 2026-0022406At 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**SUMMARYU.S. Bank is seeking a highly effective and dynamic Risk Manager to lead our pursuit of effectively delivering a sound risk and control environment for trustee and custodial relationships in the Institutional Services businesses. This highly visible and strategic role will collaborate with internal partners to drive an enterprise risk management approach to solve key business line challenges. Success will be measured through effective and proactive risk mitigation efforts, and collaborative partnerships.RESPONSIBILITIESPartners with their assigned line-of-business, Risk/Compliance/Audit (RCA) Managers and other RCA professionals to -depending on their function- create, implement, maintain, review or oversee an effective risk management framework. Participates in projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations. Identifies gaps and inform solutions that minimize losses resulting from inadequate internal processes, systems or human errors. Identifies, responds and/or escalates risks as appropriate. Serves as a functional liaison between the line-of-business and the lines-of-defense.Knowledge in the following areas may include trustee and custodian services, Registered Investment Advisor rules, ERISA and retirement plans, fee administration and receivables, client asset pricing and valuation, cash management and disbursements, corporate actions, asset servicing, digital asset initiatives, and advisor and fiduciary services.BASIC QUALIFICATIONS - Typically more than six years of applicable experience- Bachelor's degree, or equivalent work experiencePREFERRED SKILLS/EXPERIENCE- Knowledge in the following areas: trustee and custodian services, Registered Investment Advisor rules, ERISA and retirement plans, fee administration and receivables, client asset pricing and valuation, cash management and disbursements, corporate actions, asset servicing, digital asset initiatives and advisor and fiduciary services. - Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business - Considerable understanding of the business line’s operations, products/services, systems, and associated risks/controls - Thorough knowledge of Risk/Compliance/Audit competencies - Strong analytical, process facilitation and project management skills - Effective presentation, interpersonal, written and verbal communication skills - Effective relationship building and negotiation skills - Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases, and presentations - Applicable professional certificationsLOCATION EXPECTATIONS- This role requires working onsite from a U.S. Bank location three 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 lawReview 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 - $124,000.00U.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.**