Compliance Quality Assurance Lead Testing Analyst - Fiduciary Oversight and Testing
About the job
- A bachelor's degree or equivalent work experience is required.
- Typically, more than six years of applicable experience is required.
- Administer and execute testing activities within the Independent Risk Review and Assessment second-line organization.
- Partner with business units and Risk, Compliance, and Audit professionals to create, implement, maintain, review, and oversee an effective risk management framework.
- Complete projects and activities that confirm compliance with fiduciary and trust requirements and applicable federal, state, and local laws and regulations.
- Identify control and process weaknesses through testing activities.
- Partner with business units and Risk Management groups to recommend and influence solutions to mitigate compliance risks.
- Communicate testing results to the Manager, including well-written draft reports, and respond to or escalate significant risks as appropriate.
- Provide oversight, coaching, and feedback on work completed by supporting Analysts.
- Strong knowledge of fiduciary principles, trust administration, discretionary investment management, and applicable fiduciary laws and regulations.
- Experience supporting or overseeing fiduciary and investment-related businesses, including Personal Trust, Institutional Trust, Corporate Trust, Asset Management, Registered Investment Adviser, or Fund Services activities.
- Background in legal, compliance, risk management, internal audit, regulatory oversight, or fiduciary services within a financial institution.
- Experience conducting risk assessments, audits, compliance reviews, testing, or regulatory examinations of fiduciary and investment advisory activities.
- Ability to identify and evaluate fiduciary, regulatory, operational, and investment-related risks, controls, and governance practices.
- Strong analytical, critical thinking, project management, and problem-solving skills.
- Strong written and verbal communication skills, including the ability to present complex regulatory and risk matters to senior leaders and stakeholders.
- Juris Doctor and/or relevant professional certifications in trust, compliance, audit, risk management, or investment-related fields.
About the company
U.S. Bank provides a wide range of banking and financial services for individuals, small businesses, and large corporations, including checking, savings, loans, mortgages, and investment advisory. Its products run through a network of physical branches and digital tools like a mobile app, enabling customers to open accounts, transfer funds, apply for loans, invest, and receive guidance. Revenue comes mainly from interest on loans, service fees, and advisory fees. The bank differentiates itself with a broad product lineup, accessibility, and inclusion, aiming to make banking easier and more accessible for people across the United States.
Company Size
10,001+
Company Stage
IPO
Headquarters
Minneapolis, Minnesota
Founded
1863
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Simplify's Take
What believers are saying
- Second-quarter 2026 deposits grew 2.4%, with record consumer deposits again.
- July 16, 2026 results showed 400 basis points of positive operating leverage.
- August 31, 2026 expansion added 50-plus bankers across Florida, Georgia, Texas, Arizona.
What critics are saying
- USBDC stays an institutional pilot; no client rollout or commercial timeline exists.
- May 20, 2026 OCC action exposed employee embezzlement, signaling internal-control weaknesses.
- A 401(k) ERISA settlement and foreclosure litigation keep legal costs and reputational drag alive.
What makes U.S. Bank unique
- U.S. Bank launched USBDC stablecoin on September 9, 2026, on Stellar.
- Keynova ranked U.S. Bank first for mobile banking in March 2026.
- U.S. Bank expanded specialized payments teams and industry banking into new states.
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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
Company News
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