Risk Manager – Institutional Services

U.S. Bank

Risk Manager strengthening trustee and custodial risk controls for U.S. Bank’s Institutional Services businesses.

Posted 8/4/2026full-timeMinneapolis • Minnesota, North Carolina, Wisconsin • 🇺🇸 United StatesMid-LevelSenior💰 $105,400 - $124,000 per yearWebsite

Core Competencies

Role fit

Core Competencies

Use this summary to align your resume positioning with the role.

Demonstrates extensive knowledge of trustee and custodian services, Registered Investment Advisor rules, and ERISA regulations, while effectively managing risks and compliance within financial services. Proficient in analytical skills, project management, and fostering relationships to support risk management initiatives.

Highest-signal resume keywords

Risk Management FrameworkTrustee And Custodian ServicesRegistered Investment Advisor RulesERISA And Retirement PlansAnalytical And Project Management Skills

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Risk ManagementComplianceAudit CompetenciesProcess FacilitationProject ManagementFinancial AnalysisClient Asset PricingCash ManagementCorporate ActionsDigital Asset Initiatives

Soft Skills

Effective CommunicationInterpersonal SkillsRelationship BuildingNegotiation SkillsPresentation Skills

Tools & Technologies

Microsoft OfficeWord ProcessingSpreadsheetsDatabasesPresentations

Certifications & Qualifications

Applicable Professional Certifications

Industry Keywords

Federal RegulationsState RegulationsLocal RegulationsFinancial ServicesRegulatory Trends

About the role

Key responsibilities & impact

Lead the pursuit of an effective risk and control environment for trustee and custodial relationships in Institutional Services
Collaborate with internal partners to drive an enterprise risk management approach for key business line challenges
Partner with the assigned line of business, Risk/Compliance/Audit Managers, and other RCA professionals to create, implement, maintain, review, or oversee an effective risk management framework
Participate in projects and activities ensuring compliance with applicable federal, state, and local laws and regulations
Identify gaps and inform solutions that minimize losses from inadequate internal processes, systems, or human errors
Identify, respond to, and escalate risks as appropriate
Serve as a functional liaison between the line of business and the lines of defense
Support risk management related to trustee and custodian services, Registered Investment Advisor rules, ERISA and retirement plans, fee administration and receivables, client asset pricing and valuation, cash management and disbursements, corporate actions, asset servicing, digital asset initiatives, and advisor and fiduciary services

Requirements

What you’ll need

Typically more than six years of applicable experience
Bachelor's degree, or equivalent work experience
Knowledge of trustee and custodian services
Knowledge of Registered Investment Advisor rules
Knowledge of ERISA and retirement plans
Knowledge of fee administration and receivables
Knowledge of client asset pricing and valuation
Knowledge of cash management and disbursements
Knowledge of corporate actions and asset servicing
Knowledge of digital asset initiatives and advisor and fiduciary services
Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends
Considerable understanding of business line operations, products/services, systems, and associated risks/controls
Thorough knowledge of Risk/Compliance/Audit competencies
Strong analytical, process facilitation, and project management skills
Effective presentation, interpersonal, written, and verbal communication skills
Effective relationship building and negotiation skills
Proficient computer navigation skills using Microsoft Office applications, word processing, spreadsheets, databases, and presentations
Applicable professional certifications
Ability to comply with U.S. Bank policies and procedures, including the Code of Ethics and Business Conduct and workplace conduct and safety policies
Subject to applicable employment eligibility verification and background-check requirements

Benefits

Comp & perks

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
Incentive and recognition programs
Equity stock purchase
Pension
Disability accommodations during the application or hiring process