Job Title : WCIB Chief Fiduciary Officer at U.S. Bank
U.S. Bank offers Wealth Management and Institutional Trust fiduciary services to our clients through U.S. Bank National Association and several affiliated national bank trust entities. Our fiduciary products cover the full trust and agency spectrum, including fiduciary trust administration, investment management, investment advisory, directed trustee, trustee IRA, ERISA trustee, administrative agency, and trust reporting.
Core Job Responsibilities
- Ensures all fiduciary activities meet compliance, legal, and regulatory requirements.
- Monitors compliance with all applicable policies, procedures, and state & federal banking and trust laws; partners with business units, law division, and compliance to provide consultative and directive guidance.
- Interfaces directly with senior business leaders and the boards of entities exercising fiduciary powers.
- Oversees and consults on firm-wide risk and fiduciary governance processes.
- Acts as liaison with audit teams and regulators to facilitate examination of fiduciary businesses and processes.
- Provides relevant, accurate, and clear reporting to identify and address risks and meet fiduciary obligations.
- Ensures products and processes are consistent across delivery channels where appropriate.
- Partners with business unit leaders to support strategic business plans to retain clients, grow business, and market trust products.
- Develops internal and external contacts to monitor industry changes, address emerging risks, and evaluate market opportunities with respect to fiduciary risk.
- Manages a team of Risk Professionals, responsible for staffing, performance management, prioritizing, guidance, and training.
- Interacts regularly with senior and executive leadership, possessing advanced relationship and negotiation skills.
Qualifications
15+ years’ experience within the financial services industry, with at least 10 years of significant trust administration experience.Preferred Skills / Experience
Strong knowledge of trust and fiduciary law, including 12 CFR Part 9; knowledge of ERISA and the Investment Advisers Act of 1940 is also beneficial.Advanced understanding of personal trust services, trust administration, wealth management, investment strategies, and fiduciary risk management.Able to decisively make informed judgment calls in a rapidly changing regulatory and technological environment.Strong emotional intelligence / maturity and senior-level executive presence.Advanced degree and / or certification preferred (JD, CTFA, etc.).Proven leadership and strategic planning skills.Excellent communication and interpersonal abilities.Benefits
Healthcare (medical, dental, vision)Basic term and optional term life insuranceShort-term and long-term disabilityPregnancy disability and parental leave401(k) and employer-funded retirement planPaid vacation (2–5 weeks, depending on salary grade and tenure)Up to 11 paid holiday opportunitiesAdoption assistanceSick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by lawU.S. Bank is an equal‑opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, veteran status, or other factors protected under applicable law.
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 salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on location. Pay range : $193,035.00 – $227,100.00. Incentive and recognition programs, equity stock purchase, 401(k) contribution, and pension are subject to eligibility requirements.
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.
Posting may be closed earlier due to high volume of applicants.
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