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 Role is the Sr. RCA Manager and Chief Compliance Officer for U.S. Bank’s Retail & Institutional Broker Dealer.  Responsibilities include ensuring policies and routines are designed and implemented to ensure adherence to all aspects of regulatory compliance, including but not limited to alignment to securities laws, customer practices, and overall control practices related to compliance.   The covered regulations include, but are not limited to, those of the Securities and Exchange Commission (SEC), the Office of the Comptroller of the Currency (OCC) and Financial Industry Regulatory Authority (FINRA), the Commodities Futures Trading Commission (CFTC) and National Futures Association (NFA).  

The incumbent will strive to ensure that practices always meet requirements of regulations, internal policies, and internal operating routines; provide regularly scheduled updates regarding the firms’ implementation of and adherence to all regulatory compliance requirements; and educate, update, and train the staff in all requisite areas of regulatory compliance.

This position is responsible for providing strategic leadership, direction, and oversight of the compliance risk management programs, including the policies, risk assessment, monitoring, reporting, and control framework. The incumbent is responsible for analyzing current and emerging regulatory trends and proposing and implementing recommendations or system solutions to mitigate identified risks.

The Sr. RCA Manager will be responsible for management of the related Compliance Managers and Compliance Officers within U.S. Bank’s Compliance Team, including ensuring compliance with Federal laws and regulations and industry standards. This position is also responsible for continued team member development, employee engagement and interfacing with partners and stakeholders throughout the Bank.

Essential Duties and Responsibilities

Direct, develop and oversee the strategic aspects of the Compliance program, including overseeing policies and procedures, executing monitoring programs and providing employee training.

Build and execute a regulatory compliance monitoring program.Responsible for the management and oversight of the compliance programs covering SEC, OCC, FINRA, CFTC, NFA, laws and regulations.Oversee and direct the execution of the compliance risk assessment for the compliance programs.Manage all other regulatory filings.Serve as a key contact with SEC, OCC, FINRA, CFTC, and NFA regulators for regulatory exams.Work with lines of business to identify policy and procedural enhancements.In reference to new products and new initiatives, work with the teams to ensure proper assessment of the risks, the planning of controls and the adequate execution of those controls.Assess the adequacy of recommended corrective actions to the issues or gaps identified.Develop and report findings to the Senior Management regarding compliance with regulations.Provide periodic reports to senior management and Board committees on industry trends, state of the compliance programs and the status of key initiatives.Provide compliance subject matter expertise and sponsorship for the lines of business.Develop and maintain relationships between Compliance Risk Management, management, and business leaders to ensure the implementation of effective compliance programs.Provide leadership, motivation, coaching and assessment to ensure optimum team and individual performance in support of department, division, and company goals.Maintain a cutting-edge awareness of company goals, regulatory and legislative developments, and industry trends.Work closely with Senior Leadership to set strategic direction for the department and execute on those goals and objectives.Develop and maintain relationships with regulators, facilitate discussions and demonstrate strategic leadership regarding the program and future initiatives.Maintain networks with industry working groups that are dedicated to compliance to benchmark and share best practices.Participate and/or lead regular meetings with peers to build and maintain knowledge of current and emerging issues and risks in the environment.

Management Responsibilities

Manage staffing of the Compliance teams to ensure optimal performance in meeting the Compliance Department’s goals and objectives by providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential and providing challenging opportunities that enhance employee career growth; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.

Core Competencies and Skills Required

Education: bachelor’s degree or equivalent work experience required; master’s degree or law degree a plus.Must have 10+ years’ experience in compliance and preferably 10+ years in the financial services industry, including direct accountability for critical business functions.Comprehensive knowledge of applicable regulations applicable Federal and State Regulations, as well as banking laws and processes.Strong business engagement experienceOutstanding verbal and written communication skills.Strong organizational and execution skills.Ability to effectively interact and communicate with all levels of staff, including internal executive-level leadership, outside Directors, senior-level business partners, peer colleagues.Strong leadership and collaboration skills.Strong analytical skills required to gather, assess, and present quantitative and qualitative data.Competency to develop and support conclusions and make practical recommendations to the business line. Ability to develop and implement controlled, systematic step-by-step processes based on guidance and procedures.Ability to work and independently lead teams to plan and accomplish a project or elements of a project (complexity of project scope to depend on seniority), identifying responsibilities, tasks, deadlines and executing/overseeing their timely completion.Capability to lead a team, to identify and solve problems or resolve issues, including members from other units as needed, such as the Legal Department, Audit Department or Business Unit.

Other Skills

Possesses ability to maintain professional composure in a dynamic work environment that often requires the management of multiple and competing priorities.Demonstrates willingness to be a contributing and engaged member of team by sharing knowledge, working towards common goals, and maintaining a positive attitude. Capable of establishing effective work relationships with peers and credibility with superiors and customers.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits: 

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

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

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.  

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $214,795.00 - $252,700.00 - $277,970.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.