Investment Services – Head of Financial Reporting

About this role

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 Head of Financial & Regulatory Reporting is responsible for leading the strategy, governance, execution, and transformation of financial, regulatory, client, and management reporting across Investment Services. This executive leader is responsible for delivering accurate, timely, and compliant reporting while ensuring strong risk management, operational controls, and regulatory adherence. The role partners closely with Operations, Finance, Risk, Compliance, Legal, Audit, Technology, Tax and senior business leaders to deliver reporting that supports business decisions, regulatory obligations, and client commitments. The leader will also be accountable, in conjunction with Transformation, for modernizing the reporting operating model through process simplification, automation, data governance, and the strategic utilization of global resources. A key component of this role is providing leadership and governance across both domestic and offshore teams while advancing the Operating Model Transformation strategy. The successful candidate will balance operational excellence, regulatory rigor, talent leadership, and strategic transformation to build a scalable and sustainable reporting organization.

Essential Functions:

Financial & Management Reporting • Own end-to-end production and delivery of client financial reporting deliverables across Investment Services, ensuring accuracy, timeliness, quality, and adherence to client commitments.

• Establish clear accountability, controls, and governance across reporting processes from data intake through final client delivery.

• Partner with Operations, Finance, Technology, and business leaders to support reporting execution, issue resolution, and continuous improvement.

Regulatory Reporting & Governance • Ensure regulatory reporting obligations are completed accurately, timely, and in accordance with all applicable regulatory and corporate requirements.

• Maintain robust governance, controls, and procedures supporting financial and regulatory reporting activities.

• Serve as a key partner during regulatory examinations, audits, risk assessments, and compliance reviews.

• Monitor emerging regulatory requirements and proactively implement necessary reporting and control enhancements.

• Establish clear accountability for reporting accuracy, issue management, and remediation activities.

Risk Management & Controls • Lead the reporting control environment, including reconciliations, certifications, attestations, and reporting governance processes.

• Ensure compliance with enterprise risk, control, and operational excellence standards.

• Drive timely resolution of reporting exceptions, control gaps, audit findings, and regulatory matters.

• Promote a culture of accountability, transparency, and operational discipline.

Global Operations & Offshore Leadership • Lead a geographically dispersed reporting organization consisting of onshore and offshore teams.

• Establish performance standards, governance structures, and service-level expectations across global reporting functions.

• Ensure effective workforce planning, capacity management, talent development, and succession planning across locations.

• Drive knowledge transfer, cross-training, and operational consistency between domestic and offshore teams.

• Partner with enterprise shared services leaders to maximize effectiveness, resiliency, and scalability of global reporting operations.

Operating Model Transformation • Develop and execute a long-term Operating Model Transformation strategy to simplify, standardize, and optimize reporting activities across the organization.

• Identify opportunities to migrate, standardize, and optimize reporting processes where appropriate while maintaining strong controls and service quality.

• Partner with Transformation, Technology, and Operations teams to implement scalable solutions that reduce operational risk and improve efficiency.

• Lead organizational change initiatives associated with process redesign, automation, workforce transformation, and operating model evolution, in conjunction with Transformation.

• Establish metrics and governance to measure effectiveness, service quality, and business outcomes associated with transformed operating model capabilities.

Data, Technology & Continuous Improvement • Champion reporting modernization through automation, AI-enabled capabilities, workflow optimization, and advanced analytics.

• Partner with Technology and Data Management teams to improve reporting platforms, data quality, lineage, and governance practices.

• Drive continuous improvement initiatives focused on simplification, standardization, efficiency, and scalability.

• Leverage data insights to identify trends, risks, and opportunities for business improvement.

Leadership & Talent Development • Lead, coach, and develop a team of managers and reporting professionals.

• Build a high-performing culture focused on accountability, collaboration, innovation, and client service.

• Drive succession planning and leadership development across the organization.

• Foster an inclusive environment that attracts, retains, and develops top talent.

It is the individual responsibility of every employee to maintain a current awareness and understanding of and to fully comply with U.S. Bancorp’s “Code of Ethics”. Each employee is also expected to maintain an awareness of the laws, regulations, inte

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