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U.S. Bank Regulatory Reporting Submissions Manager in Chicago, Illinois

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

The Regulatory Reporting Submission Manager supports critical regulatory reporting mandates, including regulatory data submissions reporting and third-party vendor submissions through the entire life cycle of the submission. The incumbent will primarily coordinate, analyze, diagnose and resolve issues, and manage the submission process for both the commercial and retail portfolios of U.S. Bank. The successful candidate must be able to meet ongoing regulatory, financial, and internal deliverables and related deadlines by balancing competing priorities including submissions to regulators and edit checks. High attention to detail, ability to manage cross functional teams, ability to analyze complex interconnected systems, and strong written and verbal communication skills are critical skills.

Responsibilities:

Consistent with the role of the Regulatory Reporting Submission Manager :

· Full cycle creation and delivery of key credit related regulatory submission schedules including 14Q’s and 14M’s for the commercial and retail portfolio

· Full cycle creation and delivery of LCSC schedule

· Full cycle creation and delivery of various OCC submission requirements including OCC Credit Analytics schedule and Large Borrower reporting.

· Oversee and resolve edit checks through internal/external stakeholders

· Coordination and creation of Regulatory Data Submissions; includes FR Y14-M/Q (Comprehensive Capital Analysis and Review) reporting

· Liaison with internal and external auditors and exam groups including bank regulators, internal audit, and risk management

· Ensure all control activity is implemented, documented, and organized

Basic Qualifications

  • Bachelor's or advanced degree, or equivalent work experience

  • Typically more than 12 years of applicable experience

Preferred Skills/Experience

· Regulatory Reporting Submission experience is required

· Bachelor’s degree in relevant field (i.e. Finance, Accounting) and minimum ten years of applicable experience in risk and financial reporting, including regulatory reporting and/or submissions

· Ability to concisely communicate to management, team members, and/or regulatory audience

· Organization and attention to detail are imperative to ensure compliance with all control activity to support accurate reporting and information delivery

· Problem solver with the ability to develop processes and systems to support results and delivery

· Analytical Abilities / Financial Acumen - develop expectations related to commercial and retail credit drivers with ability to analyze and evaluate differences from expectations

· Advanced Microsoft Program Usage (Microsoft Excel, Microsoft Word, Microsoft PowerPoint)

· Experience with loan level data and systems of record

· Process re-engineering capability to identify opportunities for efficiency, reduced operational risk, automation and/or optimization

· Working knowledge of data querying languages and analytical software, such as SAS or SQL; in addition to familiarity with Essbase; Dashboard usage and development would also be a complement, primary tool is Microsoft Power BI, knowledge of Python a plus

· Ability and willingness to manage to tight deadlines and timely follow up of regulatory requests and be aware of regulatory changes impacting relevant submission schedules

NOTE: This role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.

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 (https://careers.usbank.com/global/en/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 (some may vary based on role, location or hours):

  • 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

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.

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 (https://careers.usbank.com/verification-of-eligibility-for-employment) .

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: $145,180.00 - $170,800.00 - $187,880.00

Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.

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