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
U.S. Bank is seeking an attorney to join the Law Division's Wealth Management & Investment Services legal team to support U.S. Bank's personal trust and investments businesses. Through its Wealth Management division, U.S. Bank offers personal trust and investment management accounts to consumers, small businesses, charitable entities and other customers. This attorney will provide legal support related to fiduciary administration and investment management services offered by a national bank. The position offers candidates a career with exposure to a variety of legal issues, while working with various departments at U.S. Bank as a trusted legal advisor.
Specific responsibilities include:
Interpret and assess the requirements of laws and regulations relevant to the personal trust and investments business lines, including a broad array of state laws and regulations, OCC regulations, applicable IRS code/regulations, and SEC laws/regulations that impact personal trusts and investment management products and services.
Advise on the development and administration of trust and investment management accounts and products, including assisting with business line offerings, structure, and governance as well as the resolution of account-level and business line issues.
Support business lines with needed document drafting, development of processes and business line controls designed to address business objectives and legal requirements.
Engage in contract review and negotiation, as needed.
Assist in the assessment of risk and regulatory matters that impact the personal trust and investments business lines and work with Bank partners regarding such matters.
Location Expectations
The 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.
Basic Qualifications
Licensed by and in good standing with the appropriate state bar association or other appropriate state attorney licensing authority
Preferred Skills/Experience
Eight to ten years of legal experience advising clients on matters related to personal trust administration or investment/wealth management or work in a related legal practice.
Experience advising on the application of and compliance with state and federal regulations and laws is preferred.
Experience representing financial institutions' wealth management businesses, corporate trustees or other related experience with banking and/or securities regulations is preferred.
Knowledge of trust and/or wealth management products and services, including those related to asset management.
Comfort with and interest in working on a variety of legal matters, including matters of first impression.
Ability to lead and work in a team environment, including with fellow Law Division colleagues, business line clients, and support partners such as Risk and Compliance.
Excellent written, oral, and interpersonal communication skills.
Strong commitment to client service.
In the U.S. Bank Law Division, we honor those values through our mission: "we guide our clients to remarkable results with expert legal counsel and ethical leadership." Our commitment is evident in the work we do, not only for the Bank, but for our communities. The Law Division has received several awards for its pro bono contributions, including the Minnesota Corporate Pro Bono Council's "Excellence in Pro Bono Award," and we encourage our legal professionals to contribute time and expertise to pro bono work as part of their role. In addition, the Law Division has been recognized for its leadership and engagement in Diversity, Equity, and Inclusion initiatives.
We are proud that U.S. Bank was recognized as a "World's Most Ethical Company®" by Ethisphere, named as one of Fortune World's "Most Admired Companies," is on DiversityInc's "Top 50 Companies for Diversity" list, and scored 100 on the Human Rights Campaign Corporate Equality Index.
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
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 (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: $149,515.00 - $175,900.00 - $193,490.00
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.
