U

U.S. Bank

Runs a national bank and processes card payments

Vice President, Head of Business Support - Operations

Full-TimePosted on 10/19/2026Deadline 11/14/26
$126.8k - $149.2k+ Equity stock purchase + 401(k) contribution + Pension
Expert
Bachelor's
Charlotte, NC, USA+1 moreMore locations: St Paul, MN, USA
HybridRequires working from a U.S. Bank location at least three days per week.
Business & StrategyBusiness Operations

About the job

Requirements
  • A bachelor's degree in Business, Finance, Accounting, Economics, or a related field, or equivalent relevant experience.
  • At least 8 years of experience in financial services, broker-dealer operations, capital markets operations, business management, or operational governance.
Responsibilities
  • Lead and develop the Business Support function, establishing clear responsibilities, governance structures, service standards, and performance expectations.
  • Manage and develop a team of business support professionals, including an Assistant Vice President.
  • Build a scalable operating model aligned with the strategic objectives of Broker-Dealer Operations.
  • Identify opportunities to centralize activities, eliminate inefficiencies, and improve service delivery.
  • Establish a culture of accountability, collaboration, continuous improvement, and operational excellence.
  • Develop and oversee management dashboards, key performance indicators, key risk indicators, and operational performance reporting.
  • Coordinate governance forums, leadership reviews, and management reporting processes.
  • Establish centralized tracking of operational issues, action items, remediation commitments, and strategic deliverables.
  • Prepare executive-level reporting and presentations to support informed decision-making.
  • Ensure timely escalation of operational risks, performance concerns, and outstanding commitments.
  • Partner with Risk, Compliance, Audit, and Operations leadership to strengthen the operational control environment.
  • Coordinate tracking and remediation of audit findings, regulatory observations, and control deficiencies.
  • Support operational risk assessments, control documentation, and procedure governance.
  • Promote consistent execution of established policies, procedures, and management controls.
  • Identify operational vulnerabilities and recommend sustainable process and control enhancements.
  • Support strategic initiatives associated with broker-dealer growth, technology modernization, and expanded clearing capabilities.
  • Partner with functional leaders and project teams to coordinate operational readiness, implementation activities, and organizational change.
  • Drive process standardization, automation, and workflow improvements across the organization.
  • Support integration of new business activities, products, and operating processes.
  • Establish sustainable documentation, cross-training, and knowledge-management practices.
  • Oversee business support activities related to workforce planning, resource reporting, departmental administration, and organizational governance.
  • Coordinate expense monitoring, budget support, and vendor-related operational activities in partnership with Finance and Vendor Management.
  • Develop efficient processes for business requests, management information, and internal service coordination.
  • Support capacity planning, organizational effectiveness, and resource optimization.
  • Build strong working relationships across Front Office, Operations, Technology, Finance, Risk, Compliance, and other business partners.
  • Serve as a trusted partner to the Head of Broker-Dealer Operations and broader leadership team.
  • Lead, coach, and develop employees while establishing clear performance standards and professional development opportunities.
Desired Qualifications
  • At least 3 years of people management or demonstrated leadership experience.
  • At least 10 years of experience within a broker-dealer, investment bank, or capital markets organization.
  • Strong understanding of securities operations, trade lifecycle processes, clearing and settlement, and related operational support functions.
  • Experience overseeing operational processes, management reporting, governance, and risk or control-related activities.
  • Experience building or transforming business support, business management, or operational governance teams.
  • Experience supporting regulatory examinations, internal audits, operational risk assessments, and remediation programs.
  • Experience with business transformation, operating model redesign, technology modernization, or organizational integration.
  • Advanced proficiency in Excel and PowerPoint; familiarity with Power BI, Tableau, ServiceNow, or comparable reporting and workflow tools.
  • Demonstrated success driving process improvements, operational efficiencies, and control enhancements.
  • FINRA registrations or relevant industry certifications are a plus, as applicable.

About the company

U.S. Bank is one of the largest banks in the United States, serving consumers, small businesses, corporations, and government agencies with banking, lending, payments, and wealth management. Its Elavon subsidiary is one of the world's biggest processors of card payments for merchants, handling sales in the United States, Canada, and Europe. People and small businesses use its branches and mobile app for checking, savings, credit cards, mortgages, and loans, while companies use it for corporate cards and cash management, and the bank earns money from loan interest and fees. U.S. Bank received national bank charter No. 24 in 1863, under President Abraham Lincoln, and is based in Minneapolis as the main subsidiary of U.S. Bancorp.

Company Size

10,001+

Company Stage

IPO

Headquarters

Minneapolis, Minnesota

Founded

1863

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Simplify's Take

What believers are saying

  • Profits are climbing: net income rose 20% to $2.2 billion in the June 2026 quarter on record $7.7 billion revenue.
  • Room to grow: U.S. Bank listed 1,285 open roles in October 2026, led by 512 in branch banking.
  • Stability has a track record: U.S. Bancorp stayed profitable through the 2008 financial crisis, earning $2.9 billion that year.

What critics are saying

  • Its card-processing arm is slowing: after losing European sales partners, merchant revenue grew just 2.3% in the June 2026 quarter.
  • Headcount keeps falling: U.S. Bancorp's staff shrank 12% in three years, to 68,520 by December 2025.
  • Expect three office days a week: since March 2024, attendance counts in performance reviews for staff near its hub offices.

What makes U.S. Bank unique

  • Payments is unusually big for a bank: card issuing, merchant processing and corporate payments made 23% of revenue in mid-2026.
  • Washington pays with its cards: only U.S. Bank and Citibank issue federal SmartPay cards, about $40 billion a year.
  • Amazon chose it over American Express: U.S. Bank began issuing Amazon's small business credit cards in May 2026.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • 401(k) Retirement Plan
  • Paid Vacation
  • Paid Holidays
  • Adoption Assistance
  • Paid Sick Leave

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U.S. Bank and Updation, an AI-powered accounts payable and vendor management platform for car, truck, RV, and powersports dealerships, have announced a collaboration to streamline dealers' payments and financial operations. Updation will use U.S. Bank Embedded Payment Solutions, including a for-benefit-of (FBO) account structure. Funds are held and moved within a bank-managed framework, which adds controls and means Updation does not directly handle customer funds. Updation clients can move beyond certified checks to options such as real-time payments. "That creates a faster, more efficient payment experience for dealerships," said Joe Voica, head of embedded payments at U.S. Bank. Updation chief executive officer Layton Judd said the deal brings accounting intelligence, workflow, and payments into one platform.

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MGE Energy and its subsidiary Madison Gas and Electric announced on 5 October 2026 that they amended and restated three revolving credit agreements, extending maturity dates to 1 October 2031. The amendments include options for up to two additional one-year extensions, potentially pushing maturity to 2033. The MGE JPMorgan Chase credit facility's aggregate commitments increased from $90 million to $210 million. MGE Energy can borrow revolving funds and request letters of credit up to $50 million, with the option to seek an additional $25 million. Madison Gas and Electric's agreement with U.S. Bank National Association permits revolving borrowings up to $40 million. The agreements require borrowers to maintain a consolidated indebtedness to consolidated total capitalisation ratio not exceeding 65%. These amended agreements replace the original credit agreements established on 8 November 2022.

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Red Robin Gourmet Burgers completed refinancing of its secured credit facility on 2 October 2026. The new $115 million facility comprises a $25 million revolving line of credit and a $90 million term loan, maturing in October 2031. The refinancing follows Red Robin's sale of 108 company-owned restaurants to three franchisees for approximately $89.4 million in gross proceeds. An additional eight restaurants are expected to be sold by year-end for $6.6 million, bringing total proceeds to approximately $96 million from 116 restaurants. The move is part of Red Robin's First Choice Plan to strengthen its balance sheet. Chief executive Dave Pace said the new facility provides "a stronger financial foundation" and "greater financial flexibility" to invest in restaurants and support franchise partners. JPMorgan Chase Bank served as administrative agent and collateral agent for the facility.