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. Fiduciary Specialists 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. Fiduciary Specialists develop and maintain procedures for fiduciary oversight, partner with Risk colleagues to maintain related controls, and provide leadership for customer remediation, audit, and regulatory change projects. In executing the above responsibilities, the Fiduciary Specialist supports the delivery of high-level client service by acting with responsiveness, diplomacy, and tact with both internal & external stakeholders.
Responsible for maintaining a high degree of knowledge of appropriate laws and regulations for an assigned product specialty or geographic area. Analyzes and interprets Federal, State, and other regulatory authorities' rules and regulations. Reviews and analyzes internal and external regulatory reports and coordinates with responsible parties to ensure compliance with applicable regulations. Conducts compliance reviews, manages compliance exceptions, and investigates and responds to customer complaints. Is actively involved in the development, implementation, and distribution of all regulatory or compliance-based policies and procedures. Provides current regulatory information to management and applicable business units and maintains records to meet compliance requirements. Assists in the development of compliance programs and conducts training and monitoring.
Basic 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.
-6+ years fiduciary experience (administration, law practice, fiduciary advice)
- 6+ years Wealth Management business experience - any level (wealth advisor, tax, account administration, management, sales, etc.)
Preferred Skills/Experience
- 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
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:
Review our full benefits available by employment status here.
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: $126,820.00 - $149,200.00
