CQA Analyst - Regulatory Compliance Testing

U.S. Bank • St. Louis, MO

4d • 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 Conduct regulatory compliance reviews of brokerage, investment advisory, institutional capital markets and investment service activities within Compliance Quality Assurance. Analysts are responsible for developing testing materials, conducting compliance testing, formulating conclusions, consulting with appropriate resources and assembling workpapers and may lead reviews. Assessing assigned business line’s compliance with applicable internal policies and procedures, the adequacy of internal controls, and compliance with SEC, FINRA, MSRB, OCC, and applicable State laws/regulations. Successful candidate will develop comprehensive testing plans, determine representative sample selection, execute testing, and communicate findings, as well as recommend corrective action.

Requirements

• Bachelor's degree, or equivalent work experience
• Typically more than six years of applicable experience

Nice To Haves

• Excellent organization skills, ability to manage multiple priorities, ability to meet time sensitive deadlines
• Demonstrated ability to take initiative and operate independently, while able to work effectively in a team environment
• Hyper-organization, responsiveness, and a meticulous eye for detail—you catch what others miss and follow through every time
• A proactive, self-starting mindset—you take initiative, anticipate roadblocks, and don’t wait to be told what needs doing
• Comfort working in ambiguity and building structure as you go—you thrive in environments where the path isn’t fully mapped out
• Strong knowledge of laws and regulations associated with business line activities
• Strong oral and written interpersonal communication skills
• Thorough understanding of the business line’s operations, product/services, systems, and associated risks/controls
• Thorough knowledge of applicable laws, regulations, financial services, and regulatory trends that impact the business line
• Thorough knowledge of Risk/Compliance/Audit competencies
• Proficient computer skills, especially Microsoft Office applications
• FINRA 7 and 24 licenses

Responsibilities

• Conduct compliance reviews of the business line’s brokerage, investment advisory, institutional capital markets and investment service activities to ensure adherence with applicable procedures and regulatory requirements
• Responsible for effective verbal communication of testing results to the Manager, including well written draft reports, and for responding to and/or escalating significant risks as appropriate
• Identify and recommend corrective action necessary to address compliance gaps or improve adherence to regulatory requirements
• Develop a strong understanding of the business line’s key risks and corresponding controls
• Evaluate the adequacy of the business line’s controls
• Maintain thorough documentation of work performed and support conclusions
• Provide detailed written reports summarizing findings and present to the testing manager
• Participate in compliance projects and initiatives, as necessary
• Keep abreast of legal and regulatory matters affecting the compliance testing program

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: 5,001-10,000 employees