Assistant Vice President Operations Manager Wealth Reconciliations

U.S. Bank • Minneapolis, MN

1d • $105,400 - $124,000 • Hybrid

About The Position

Manages and leads reconciliation operations supporting U.S. Bank’s Wealth businesses and products, with responsibility for multiple reconciliation process areas and teams with varying levels of experience. This leader will help bring teams and processes together in a changing and evolving operating environment while supporting strong financial controls and operational performance. The role requires leadership experience, comfort navigating change and ambiguity, and relevant financial services experience. The position requires working from a U.S. Bank location three or more days per week.

Requirements

• Bachelor’s degree or equivalent work experience.
• Typically five or more years of relevant experience.
• FINRA Series 99 registration, or ability to obtain it within six months of hire.

Nice To Haves

• Several years of leadership experience, including leading operational teams through significant change and transformation.
• Strong knowledge of accounting, reconciliation, and financial control practices.
• Knowledge of Wealth and/or broker-dealer operations, securities, or related financial services.
• Understanding of FINRA and applicable regulatory requirements.
• Experience with process improvement, standardization, and automation.
• Strong communication, project management, and stakeholder-management skills.
• Experience operating in a changing or ambiguous environment and helping shape future-state processes.
• Accounting experience and knowledge of syndications and related tax considerations.
• BlackLine experience.

Responsibilities

• Manage and develop teams responsible for reconciliation activities across Wealth and other assigned process areas.
• Oversee day-to-day reconciliation operations to ensure quality service, strong financial controls, and effective operational performance.
• Bring dispersed reconciliation processes together and help build a cohesive team across different experience levels.
• Partner with Wealth, Finance, Operations, Risk, and Technology on reconciliation needs and initiatives.
• Drive process improvement, standardization, simplification, and automation across reconciliation activities.
• Support technology and transformation initiatives, including the evolution of reconciliation processes and operating models.
• Identify operational concerns and opportunities and provide recommendations and direction as processes evolve.
• Ensure reconciliation activities comply with applicable accounting practices, policies, regulations, and FINRA requirements.

Benefits

• Healthcare coverage, including medical, dental, and 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 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
• Incentive and recognition programs.
• Equity stock purchase, 401(k) contribution, and pension, subject to eligibility requirements.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager