Business Line Regulatory Review Representative
About The Position
U.S. Bank’s Fiduciary Review Group (FRG) Administrative Review team is hiring a Business Line Regulatory Review Representative. The role completes initial and periodic administrative reviews of Personal Trust accounts, including agency, custody, IRA, revocable and irrevocable trusts, and estate accounts. It ensures compliance and mitigates risk by verifying that account coding, documentation, fees, and administration align with governing documents, internal policies and procedures, and applicable laws and regulations. The representative serves as the primary consultant and resource for assigned regions or branches, collaborates with internal partners to answer questions and remediate issues, communicates with review-team members to support consistency, and identifies and escalates potential risks. The role also develops and presents reviewer training, serves as a subject matter expert and mentor for new team members, assists with team initiatives, and participates in special projects as directed by the FRG Team Leader. The position requires working from a U.S. Bank location at least three days per week.
Requirements
- Bachelor’s degree or equivalent work experience.
- Typically eight or more years of experience in regulatory compliance activities.
Nice To Haves
- Understanding of trust and estate administration principles and processes.
- Understanding of personal trust account types, including revocable and irrevocable trusts, charitable trusts, special or supplemental needs trusts, estates or 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.
- Confirm 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 and resource for assigned regions and branches.
- Collaborate with internal partners to address questions and remediate issues found during administrative reviews.
- Communicate proactively with review-team members and internal partners to ensure consistency.
- Identify potential risks and escalate them for discussion or resolution as appropriate.
- Create and present training materials for reviewers.
- Serve as a subject matter expert on assigned topics.
- Serve as a primary mentor or co-mentor for new team members.
- Assist with team initiatives, including periodic communications, development of management reporting, and other initiatives.
- Participate in special projects at the direction of the FRG Team Leader.
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, 401(k) contribution, and pension, subject to eligibility requirements.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
