Assistant Vice President Operations Manager Wealth Reconciliations

U.S. Bank•Minneapolis, MN

1d•Hybrid

About The Position

U.S. Bank is hiring an Assistant Vice President Operations Manager to lead reconciliation operations supporting its Wealth businesses and products. The role is responsible for multiple reconciliation process areas and teams with varied experience levels. As an important leader in an evolving operating environment, the manager will help bring dispersed teams and processes together while supporting strong financial controls and operational performance. The position calls for strong leadership experience, comfort navigating change and ambiguity, and relevant financial services experience. It requires working from a U.S. Bank location three or more days per week. The primary-location salary range is $105,400 to $124,000; actual pay may vary by location. U.S. Bank also offers a benefits package, subject to eligibility requirements.

Requirements

Bachelor’s degree or equivalent work experience.
Typically five or more years of relevant experience.
Ability to comply with U.S. Bank policies and procedures, including its Code of Ethics and Business Conduct and related workplace conduct and safety policies.

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.
FINRA Series 99 registration, or ability to obtain it within six months of hire.
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 coverage.
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.
Pension, subject to eligibility requirements.