Lead Testing Analyst - Wealth Management

U.S. Bank•St. Louis, MO

20h•Hybrid

About The Position

The Compliance Quality Assurance (CQA) Lead Analyst (“Lead Analyst”) is responsible for the administration and execution of testing activities within the Independent Risk Review (IRR) second line organization. Key roles and responsibilities include: (i) partnering with WCIB Business Units (BUs) and other Risk, Compliance, and Audit Professionals to help create, implement, maintain, review, and oversee an effective risk management framework, (ii) completing projects and/or activities that confirm compliance with fiduciary/trust requirements and applicable federal, state and local laws and regulations, (iii) identifying control and process weaknesses through testing activities, (iv) partnering with BUs and Risk Management groups to recommend and influence solutions to mitigate compliance risks, and (v) effectively communicating testing results to the Manager, including well written draft reports, and for responding to and/or escalating significant risks as appropriate. While not a people manager, the Lead Analyst is responsible for providing oversight, coaching, feedback, etc. specific to the work completed by supporting Analysts. This position requires a strong understanding of the Trust and Wealth Management industry (e.g., corporate trust, personal trust, institutional trust, fiduciary asset management, etc.), and applicable fiduciary requirements, regulations, laws, and principles.

Requirements

Bachelor's degree, or equivalent work experience
Typically, more than six years of applicable experience
Considerable knowledge of fiduciary/trust requirements, applicable laws, regulations, financial services, and regulatory trends that impact the trust businesses (e.g., Corporate Trust, Institutional Trust, and Personal Trust/Wealth Management)
Considerable understanding of Trust/Wealth Management operations, products/services, systems, and associated risks/controls
Thorough knowledge of Risk/Compliance/Audit competencies
Strong analytical, process facilitation and project management skills
Effective presentation, interpersonal, written and verbal communication skills
Effective relationship building and negotiation skills
Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases, and presentations

Nice To Haves

Applicable professional certifications or Juris Doctor

Responsibilities

Partnering with WCIB Business Units (BUs) and other Risk, Compliance, and Audit Professionals to help create, implement, maintain, review, and oversee an effective risk management framework.
Completing projects and/or activities that confirm compliance with fiduciary/trust requirements and applicable federal, state and local laws and regulations.
Identifying control and process weaknesses through testing activities.
Partnering with BUs and Risk Management groups to recommend and influence solutions to mitigate compliance risks.
Effectively communicating testing results to the Manager, including well written draft reports, and for responding to and/or escalating significant risks as appropriate.
Providing oversight, coaching, feedback, etc. specific to the work completed by supporting Analysts.

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
Incentive and recognition programs
Equity stock purchase
Pension (all benefits are subject to eligibility requirements)