Risk Manager – Institutional Services

Jobtailor

Minnesota

On-site

USD 120,000 - 180,000

Full time

14 days+

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Job summary

U.S. Bank in Minnesota seeks an experienced risk and control professional to lead the risk environment for trustee and custodial relationships in Institutional Services. You will collaborate with partners to advance an enterprise risk management approach and work with RCA managers to oversee the risk framework.

The role requires extensive knowledge of applicable laws, regulations, and financial services, plus strong analytical, communication, and relationship-building skills.

Qualifications

Typically more than six years of applicable experience.
Bachelor's degree, or equivalent work experience
Knowledge of trustee and custodial services
Knowledge of Registered Investment Advisor rules
Knowledge of ERISA and retirement plans
Knowledge of fee administration and receivables
Knowledge of client asset pricing and valuation
Knowledge of cash management and disbursements
Knowledge of corporate actions and asset servicing
Knowledge of digital asset initiatives and advisor and fiduciary services
Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends
Considerable understanding of business line 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 Microsoft Office applications, word processing, spreadsheets, databases, and presentations
Applicable professional certifications
Ability to comply with U.S. Bank policies and procedures, including the Code of Ethics and Business Conduct and workplace conduct and safety policies
Subject to applicable employment eligibility verification and background-check requirements

Responsibilities

Lead the pursuit of an effective risk and control environment for trustee and custodial relationships in Institutional Services.
Collaborate with internal partners to drive an enterprise risk management approach for key business line challenges.
Partner with the assigned line of business, Risk/Compliance/Audit Managers, and other RCA professionals to create, implement, maintain, review, or oversee an effective risk management framework.
Participate in projects and activities ensuring compliance with applicable federal, state, and local laws and regulations.
Identify gaps and inform solutions that minimize losses from inadequate internal processes, systems, or human errors.
Identify, respond to, and eliminate risks as appropriate.
Serve as a functional liaison between the line of business and the lines of defense.
Support risk management related to 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

Skills

Risk Management

Compliance

Audit Competencies

Process Facilitation

Project Management

Financial Analysis

Client Asset Pricing

Cash Management

Corporate Actions

Digital Asset Initiatives

Education

Bachelor's degree or equivalent

Tools

Microsoft Office

Word Processing

Spreadsheets

Databases

Presentations

Job description

Lead the pursuit of an effective risk and control environment for trustee and custodial relationships in Institutional Services
Collaborate with internal partners to drive an enterprise risk management approach for key business line challenges
Partner with the assigned line of business, Risk/Compliance/Audit Managers, and other RCA professionals to create, implement, maintain, review, or oversee an effective risk management framework
Participate in projects and activities ensuring compliance with applicable federal, state, and local laws and regulations
Identify gaps and inform solutions that minimize losses from inadequate internal processes, systems, or human errors
Identify, respond to, and eliminate risks as appropriate
Serve as a functional liaison between the line of business and the lines of defense
Support risk management related to 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

Requirements

Typically more than six years of applicable experience
Bachelor's degree, or equivalent work experience
Knowledge of trustee and custodial services
Knowledge of Registered Investment Advisor rules
Knowledge of ERISA and retirement plans
Knowledge of fee administration and receivables
Knowledge of client asset pricing and valuation
Knowledge of cash management and disbursements
Knowledge of corporate actions and asset servicing
Knowledge of digital asset initiatives and advisor and fiduciary services
Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends
Considerable understanding of business line 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 Microsoft Office applications, word processing, spreadsheets, databases, and presentations
Applicable professional certifications
Ability to comply with U.S. Bank policies and procedures, including the Code of Ethics and Business Conduct and workplace conduct and safety policies
Subject to applicable employment eligibility verification and background-check requirements

Core Competencies

Demonstrates extensive knowledge of trustee and custodial services, Registered Investment Advisor rules, and ERISA regulations, while effectively managing risks and compliance within financial services. Proficient in analytical skills, project management, and fostering relationships to support risk management initiatives.

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