Compliance Testing Manager Brokerage And Investment Advisory

US Bank Minneapolis , MN 55415

Posted 8 months ago

Conduct regulatory testing of U.S. Bancorp Investments (USBI), a business unit of Wealth Management & Investment Services (WM&IS), investment advisory and broker dealer activities. Assess the business line's compliance with applicable internal policies and procedures, the adequacy of internal controls, and compliance with SEC, FINRA, MSRB and applicable State laws/regulations. Successful candidate will develop comprehensive testing plans, execute and coordinate testing, document and communicate findings as well as recommend corrective action.

Job Duties

The ideal candidate will perform the following essential functions:

  • Conduct compliance testing of the business unit's retail broker dealer and investment advisory activities to ensure adherence with applicable procedures and regulatory requirements;

  • Identify and recommend corrective action necessary to address compliance gaps or improve adherence to regulatory requirements;

  • Develop a strong understanding of the business line's key risks and corresponding controls;

  • Evaluate the adequacy of business line's controls;

  • Maintain thorough documentation of work performed and support for conclusions;

  • Provide detailed written reports summarizing findings and present to Senior Management;

  • Participate in compliance projects and initiatives, as necessary; and

  • Keep abreast of legal and regulatory matters affecting.

Basic Qualifications

  • Bachelor's degree, or equivalent work experience

  • Ten or more years of experience in an applicable risk management environment

  • Applicable certifications

Preferred Skills/Experience

  • 3 years of experience in testing/regulatory compliance activities;

  • Strong knowledge of broker dealer and fee-based investment advisory operations;

  • Strong knowledge of laws and regulations associated with broker dealer and investment advisory activities;

  • Professional demeanor with strong oral and written interpersonal communication skills;

  • Self-starter with the ability to manage the workload and handle competing priorities; and

  • FINRA 7, 63 or 66 licenses.

  • Thorough understanding of the business unit's operations, products/services, systems, and associated risks/controls;

  • Thorough knowledge of Risk/Compliance/Audit competencies;

  • Strong process facilitation, project management and analytical skills;

  • Business acumen and credibility; and

  • Proficient computer skills, especially Microsoft Office applications.

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Compliance Testing Manager Brokerage And Investment Advisory

US Bank