Regulatory Liaison

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 Corporate Audit Services (CAS) Regulatory Liaison is a rotational management position that is responsible for facilitating accurate and timely communications with regulatory agencies who have routine interactions with the internal audit function for U.S. Bancorp (USB). This role supports CAS Leadership in their responsibilities to provide the Audit Committee and senior management with independent assurance and advisory services designed to evaluate and improve the effectiveness of risk management, control, and governance processes of USB, affiliates, wholly owned subsidiaries and entities where USB owns a majority (controlling) interest.

This role acts as a primary point of contact for examiners who are seeking to understand internal audit coverage and results for USB through exam support (both of the company as a whole, as well as internal audit) and their continuous monitoring of the company.

We are seeking an experienced leader that has strong knowledge and experience managing the relationship with examiners of large financial institutions (typically greater than $500B in assets). This individual will have skills and experiences to effectively manage deliverables and support accurate, complete and timely communications with the regulatory agencies.

Responsibilities

• Facilitate multiple, concurrent exams that require audit teams to provide formal written responses to questions and to meet in-person with exam teams to discuss audit coverage, audit results, and responses to regulatory inquiries.
• Facilitate internal audit team preparation for routine meetings with examiners who are charged with monitoring the control environment at the company.
• Author regulatory status reporting for Board level committees and internal governance committees.
• Communicate status of regulatory activities to CAS Leadership, providing both verbal and written updates as needed.
• Facilitate the regulatory issue validation process, where various internal audit teams opine on management's remediation actions and communicate validation results to regulatory agencies and other stakeholders.
• Manage the post-mortem exam process for the internal audit teams to assess exam results and determine any required adjustments to planned audit coverage based on the exam results.
• Liaise with CAS Professional Practices team to maintain an inventory of regulatory handbooks, including instruction for audit teams to include relevant regulatory handbook information as part of the risk assessment process.
• Maintain accurate and timely reporting for all CAS regulatory activities to ensure stakeholders are aware of assigned tasks and deadlines.
• Maintain strong relationships with the Regulatory Services team that coordinates regulatory interactions bank-wide to promote consistency of interactions with examiners and management.
• Performing other duties as requested by Senior Audit Director.

Regulatory Liaison will exhibit:

• Project Management - Strong project management skills to ensure that other CAS team members prepare accurate and timely information for a high volume of concurrent activities, including exam responses, regulatory issue validations, continuous monitoring activities and exam post-mortem analysis.
• Communications - Advanced written and verbal communication skills that conveys accurate, timely and succinct communications about CAS regulatory activities, including exam results and regulatory issues, to CAS stakeholders, including the Audit Committee.
• Regulatory Environment - Knowledgeable of emerging industry and regulatory laws. Must be able to "deep dive" into the details and the business while staying focused on the big picture and be able to "connect the dots". Able to quickly integrate complex information and different points of view in problem solving exercises. Effectively probes for information critical to the decision at hand. Can quickly make effective decisions. Demonstrates new insights into situations. Is adept in data driven storytelling.
• Executing Results - Exhibits competitive drive. Is not afraid to challenge the status quo; exhibits a mindset of creativity, innovation, and an energetic drive to succeed. Creates healthy tension to yield optimal outcomes. Able to set and meet aggressive goals and action plans, both as an individual and leading a team. Able to execute against multiple projects/workstreams, adapt quickly and excel in a fast-paced environment. Exhibits a highly disciplined approach to developing and executing initiatives that reflect the broader business objectives; able to incorporate key inputs from multiple stakeholder groups. Closely manages initiatives for impact.
• Leadership - A proven leader able to build, lead, motivate and retain a high performing team. Skillfully coaches and mentors' executives. Gets the best performance from people. Taps into people's needs, interests, and goals to motivate them to achieve. Inspires commitment from people and mobilizes teams toward high performance and goal achievement. Is a champion for our people and our culture; coupled with a high sense of empathy and OneUSB - firm first mindset. Business leader with progressive experience working at both strategic and executional level, consulting with executive leaders, and operating in a matrixed environment.

• Basic Qualifications:
  
  
  • Bachelor's degree, or equivalent work experience

• Preferred Skills/Experience:
  
  
  • Typically, more than 10 years of applicable experience
  • Advanced knowledge of applicable laws, regulations, financial services, and regulatory trends
  • Considerable knowledge of Risk/Compliance/Audit competencies
  • Excellent verbal and written communication skills, capable of presenting to senior management, including committees
  • Strong critical thinking, analytical, and problem-solving skills
  • Ability to manage multiple tasks and deadlines simultaneously
  • Proven adaptability to changing priorities
  • Advanced ability to build and continuously improve working relationships with internal audit peers and leaders, and partners (e.g., Regulatory Services, regulatory agencies)
  • Strong leadership and management skills of processes, projects and people

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: $129,455.00 - $152,300.00 - $167,530.00

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.

Employers have access to artificial intelligence language tools (“AI”) that help generate and enhance job descriptions and AI may have been used to create this description. The position description has been reviewed for accuracy and Dice believes it to correctly reflect the job opportunity.