Regulatory Exam Manager

U.S. Bank • Minneapolis, MN

3d • 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 The Regulatory Exam Team oversees and implements the Bank’s formal examination management program to ensure a consistent approach across the enterprise. This includes working with business lines to manage exam processes such as exam planning, exam responses, meetings with regulators, tracking requests and submissions, reporting, and maintaining an enterprise repository of exam records. The team stays informed of regulatory developments in areas of interest to Bank regulators, and helps to identify and resolve potential regulatory issues as they become apparent through the course of regulatory exams. The Regulatory Exam Manager implements the exam management process, which may include: Exam planning Researching exam history and regulatory trends to provide strategic perspectives to business lines and senior management Preparing exam responses and coordinating interviews and meetings Assembling multidisciplinary teams, including subject matter experts and other personnel Preparing briefing books, position papers, or presentations Tracking the status of regulator requests and submissions Monitoring and reporting on exam status, including escalation of potential issues as they become apparent Assisting in the resolution of regulatory issues Maintaining exam records Fostering strong relationships with regulators, business lines, and senior management Developing and fostering relationships with business-line personnel, and collaborating to ensure timely and thorough resolution plan status updates Keeping informed of regulatory trends Exercising sound judgment to meet position responsibilities The Regulatory Exam Manager would maintain partnerships and general support to assigned groups in regulatory matters, and manage or perform other tasks or projects as assigned or needed.

Requirements

• Bachelor's degree, or equivalent work experience
• Typically more than 8 years of applicable experience

Nice To Haves

• Substantial experience in regulatory compliance activities, or equivalent work experience managing complex processes regarding legal or regulatory matters (such as litigation, project management, risk management, or audit)
• Proficiency in office applications; including word processing, PowerPoint, spreadsheets, and databases
• Excellent verbal and written communication skills
• Ability to research and manage multiple projects and deadlines simultaneously
• Strong presentation skills
• Advanced degree or certifications, including JD or MBA, strongly preferred
• Substantial experience in regulatory compliance activities, or equivalent work experience managing complex processes regarding legal or regulatory matters (such as litigation or project management)
• Advanced knowledge of government and regulatory laws and regulations; and the supervisory oversight exercised by the Office of the Comptroller of the Currency (OCC), Federal Reserve Bank (FRB), the Consumer Financial Protection Bureau (CFPB), Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Financial Industry Regulatory Authority (FINRA), and the National Futures Association (NFA)
• Thorough knowledge of U.S. Bancorp operations, policies, and procedures
• This role requires working from a U.S. Bank location three (3) or more days per week.

Responsibilities

• Exam planning
• Researching exam history and regulatory trends to provide strategic perspectives to business lines and senior management
• Preparing exam responses and coordinating interviews and meetings
• Assembling multidisciplinary teams, including subject matter experts and other personnel
• Preparing briefing books, position papers, or presentations
• Tracking the status of regulator requests and submissions
• Monitoring and reporting on exam status, including escalation of potential issues as they become apparent
• Assisting in the resolution of regulatory issues
• Maintaining exam records
• Fostering strong relationships with regulators, business lines, and senior management
• Developing and fostering relationships with business-line personnel, and collaborating to ensure timely and thorough resolution plan status updates
• Keeping informed of regulatory trends
• Exercising sound judgment to meet position responsibilities
• Maintaining partnerships and general support to assigned groups in regulatory matters, and manage or perform other tasks or projects as assigned or needed.

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: Manager
• Number of Employees: 5,001-10,000 employees