Risk Manager - Wealth Management

U.S. Bank • Minneapolis, MN

2d • Hybrid

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 SUMMARY U.S. Bank is seeking a highly effective and experienced risk leader to support fiduciary activities within Personal Trust and Investments across Wealth, Corporate, Commercial and Institutional Banking (WCIB). This role partners closely with senior and executive leaders to provide independent risk oversight, support business strategy, and ensure a strong risk and control environment aligned with regulatory expectations and U.S. Bank’s risk appetite. U.S. Bank’s Wealth, Corporate, Commercial and Institutional Banking (WCIB) business line delivers comprehensive wealth management services to individuals and families across a broad range of wealth levels. WCIB also provides lending, equipment finance and leasing, depository services, capital markets solutions, international trade services, and other financial services to middle market, large corporate, commercial real estate, financial institution, institutional, nonprofit, and public sector clients. WCIB Risk Management, led by the Business Line Chief Risk Officer, partners with the business to identify, assess, control, and monitor risks inherent in business activities, consistent with the company’s risk appetite and regulatory expectations.

Requirements

• Typically 12 or more years of relevant experience in fiduciary activities, securities markets, or related financial services risk, compliance, or audit functions.
• Bachelor’s degree or advanced degree, or equivalent work experience.
• Strong understanding of applicable laws, regulations, financial services, and regulatory trends impacting fiduciary activities within Personal Trust and Investments.

Nice To Haves

• Strong understanding of business line operations, products, systems, and associated risks and controls.
• Thorough knowledge of Risk, Compliance, and Audit (RCA) competencies and governance frameworks.
• Demonstrated leadership in managing complex processes, projects, and cross‑functional initiatives.
• Ability to operate effectively in a highly regulated, fast‑paced environment and manage conflict constructively.
• Strong written and verbal communication skills, including the ability to influence senior leaders.
• Strong analytical, problem‑solving, and negotiation skills.
• Proficiency in Microsoft Office applications.
• Applicable professional certifications (e.g., CFIRS, CPA, CAMS, CRCM, or similar).

Responsibilities

• This role partners with Senior and Executive Leaders across WCIB, as well as Risk/Compliance/Audit (RCA) Consultants, RCA Managers, and other Senior RCA Managers, to oversee the development, implementation, and ongoing maintenance of an effective risk management framework supporting fiduciary activities within Personal Trust and Investments.
• The role is accountable for leading projects and ongoing activities that ensure compliance with applicable federal, state, and local laws and regulations.
• The role is responsible for proactively identifying risk gaps and driving sustainable solutions to minimize losses resulting from inadequate processes, systems, or human error.
• It includes accountability for the active identification, assessment, escalation, and response to risks, as appropriate.
• The role influences policies, procedures, and governance to support business objectives while mitigating risk and regulatory exposure and ensures effective partnership between the Line of Business and the first, second, and third lines of defense.
• Identify, assess, monitor, and report on risks, processes, and controls within established risk appetite.
• Partner with the business on strategic initiatives to ensure risks are appropriately identified, documented, reported, and escalated.
• Provide advisory and implementation support for management responses designed to mitigate identified risks.
• Perform risk assessments to evaluate adherence to policies and procedures, accurately identify risks, and drive remediation activities.
• Provide guidance on achieving and sustaining compliance with regulatory, industry, and contractual requirements.
• Support Wealth Management in demonstrating evidence of control design and operating effectiveness and identify and escalate control gaps in a timely manner.
• Deliver targeted, actionable risk reporting to senior leaders and executive management.
• Serve as a functional liaison between Wealth Management and the second and third lines of defense.

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