Fiduciary Specialist

About the role

Fiduciary Specialists oversee and support the sound operation of U.S. Bank's Personal Trust (PT) business, including Ascent, Private Wealth Management, and Wealth Management segments. They apply fiduciary knowledge and judgement to ensure PT activities are performed in compliance with applicable laws, regulations, policies and procedures, in relation to account activity; recognize fiduciary risk issues and seek appropriate resolution; provide advice and guidance regarding the bank's fiduciary responsibilities; serve as a subject matter expert regarding trust and fiduciary matters; partner with Business, Legal and Risk colleagues to implement changes in response to identified risks, statutory and regulatory changes.

Responsibilities

• Ensure PT activities are performed in compliance with applicable laws, regulations, policies and procedures, in relation to account activity
• Recognize fiduciary risk issues and seek appropriate resolution
• Provide advice and guidance regarding the bank's fiduciary responsibilities
• Serve as a subject matter expert regarding trust and fiduciary matters
• Partner with Business, Legal and Risk colleagues to implement changes in response to identified risks, statutory and regulatory changes
• Support the delivery of high-level client service by acting with responsiveness, diplomacy, and tact with both internal & external stakeholders

Requirements

• Maintain a high degree of knowledge of appropriate laws and regulations for an assigned product specialty or geographic area
• Analyze and interpret Federal, State, and other regulatory authorities' rules and regulations
• Review and analyze internal and external regulatory reports and coordinate with responsible parties to ensure compliance with applicable regulations
• Conduct compliance reviews, manage compliance exceptions, investigate and respond to customer complaints
• Assist in the development, implementation, and distribution of all regulatory or compliance-based policies and procedures
• Provide current regulatory information to management and applicable business units and maintain records to meet compliance requirements
• Develop compliance programs and conduct training and monitoring

Qualifications

• Bachelor's degree, or equivalent experience
• Ten or more years of related experience
• Two or more years of managerial experience
• Exhibit knowledge of fiduciary duties and applicable laws, including trust -and tax law, estate planning techniques, etc.
• Six or more years of fiduciary experience (administration, law practice, fiduciary advice)
• Six or more years of Wealth Management business experience - any level (wealth advisor, tax, account administration, management, sales, etc.)

Skills

• Advanced degree or applicable certification (e.g., JD, CPA, MBA, CTFA)
• Extensive knowledge of federal, state, and local laws and regulations
• Comprehensive knowledge of the products, policies, operations, and procedures related to the business unit
• Strong organization, analytical and project management skills
• Strong planning, implementation, and negotiation skills
• Effective interpersonal, verbal and communication skills
• Strong leadership and management skills
• Proficient computer skills, especially Microsoft Office applications

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
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law