BL Regulatory Review Representative (multiple levels)

U.S. Bank National Association • Saint Paul, MN

7d • Onsite

About The Position

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
This role has multiple levels, open to candidates with five to eight years of experience in regulatory compliance activities. The successful candidate will be hired for the level of the position that aligns with their experience. Please note that the salary range provided corresponds to the lowest level of the position posted.
As an individual contributor on the Fiduciary Review Group (FRG) Administrative Review Team, reviewer will:
Complete initial and periodic administrative reviews for Personal Trust accounts, including agency, custody, IRA, revocable and irrevocable trusts, and estate accounts;
Ensure compliance and mitigate risk by confirming account coding, documentation, fees, and administration are consistent with governing document provisions, internal policies and procedures, and applicable laws and regulations;
Serve as the primary consultant/resource for assigned regions/branches; work collaboratively with internal partners to address questions and remediate issues identified during the administrative review process;
Communicate proactively with other review team members and internal partners to ensure consistency;
Identify potential risks and escalate for discussion or resolution as appropriate;
Create and present training materials for reviewers;
Serve as a subject matter expert on assigned topic(s);
Serve as a primary mentor/co-mentor for new team members;
Assist with team initiatives. These may include contributing to periodic communications, development of management reporting, and other initiatives; and
Participate in special projects at the direction of the FRG Team Leader.

Requirements

• Bachelor’s degree, or equivalent work experience
• Typically five or more years of experience in regulatory compliance activities

Nice To Haves

• Understanding of trust/estate administration principles and process
• Understanding of various types of personal trust account types, including revocable and irrevocable trusts, charitable trusts, special/supplemental needs trusts, estates/administrative trusts, agencies, and IRAs
• Working knowledge of Microsoft Office products and trust administration tools including SEI/SWP, Nexus, Advantage Fee, and SEI Compliance Services
• Typically eight or more years of experience in trust administration, estate planning, regulatory compliance, or similar roles

Responsibilities

• Complete initial and periodic administrative reviews for Personal Trust accounts, including agency, custody, IRA, revocable and irrevocable trusts, and estate accounts
• Ensure compliance and mitigate risk by confirming account coding, documentation, fees, and administration are consistent with governing document provisions, internal policies and procedures, and applicable laws and regulations
• Serve as the primary consultant/resource for assigned regions/branches; work collaboratively with internal partners to address questions and remediate issues identified during the administrative review process
• Communicate proactively with other review team members and internal partners to ensure consistency
• Identify potential risks and escalate for discussion or resolution as appropriate
• Create and present training materials for reviewers
• Serve as a subject matter expert on assigned topic(s)
• Serve as a primary mentor/co-mentor for new team members
• Assist with team initiatives. These may include contributing to periodic communications, development of management reporting, and other initiatives
• Participate in special projects at the direction of the FRG Team Leader

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees