Assistant Vice President Operations Manager Wealth Reconciliations

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

Manages and leads reconciliation operations supporting U.S. Bank’s Wealth businesses and products, with responsibility for multiple reconciliation process areas and teams with varying levels of experience. This role will be an important leader within a changing and evolving operating environment, helping bring teams and processes together while supporting strong financial controls and operational performance. The ideal candidate brings strong leadership experience, comfort navigating change and ambiguity, and relevant financial services experience.

Key Responsibilities

• Manage and develop teams responsible for reconciliation activities across Wealth and other assigned process areas.
• Oversee day-to-day reconciliation operations to ensure quality service, strong financial controls, and effective operational performance.
• Bring currently dispersed reconciliation processes together and help build a cohesive team across different experience levels.
• Partner with Wealth, Finance, Operations, Risk, and Technology on reconciliation needs and initiatives.
• Drive process improvement, standardization, simplification, and automation across reconciliation activities.
• Support ongoing technology and transformation initiatives, including the evolution of reconciliation processes and operating models.
• Identify operational concerns and opportunities and provide recommendations and direction as processes evolve.
• Ensure reconciliation activities comply with applicable accounting practices, policies, regulations, and FINRA requirements.

Basic Qualifications

• Bachelor’s degree or equivalent work experience
• Typically five or more years of relevant experience

Preferred Skills/Experience

• Several years of leadership experience, including experience leading operational teams through significant change and transformation.
• Strong knowledge of accounting, reconciliation, and financial control practices.
• FINRA Series 99 registration, or ability to obtain within six months of hire.
• Knowledge of Wealth and/or broker-dealer operations, securities, or related financial services.
• Understanding of FINRA and applicable regulatory requirements.
• Experience with process improvement, standardization, and automation.
• Strong communication, project management, and stakeholder-management skills.
• Experience operating in a changing or ambiguous environment and helping shape future-state processes.
• Accounting experience and knowledge of syndications and related tax considerations.
• BlackLine experience.

Location Expectations:

This role requires working from a U.S. Bank location three (3) or more days per week.

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:

• 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

Review our full benefits available by employment status here.

U.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 or veteran status, and other factors protected under applicable law.

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: $105,400.00 - $124,000.00

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.

Posting may be closed earlier due to high volume of applicants.