Head of Client Asset Oversight and MiFID Advisory Lead

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, enabling the communities we support to grow and succeed in the right ways, all more confidently and more often—that’s what we call the courage to thrive.   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. Try new things, learn new skills and discover what you excel at—all from Day One.   As a wholly owned subsidiary of U.S. Bank, Elavon is committed to building the platforms and ecosystems that help over 1.5 million customers around the world to achieve their financial goals—no matter what they need. From transaction processing to customer service, to driving innovation and launching new products, we’re building a range of tailored payment solutions powered by the latest technology. As part of our team, you can explore what motivates and energizes your career goals: partnering with our customers, our communities, and each other.   We actively uphold transparent and fair hiring practices that support individual opportunity, inclusive culture, and career mobility across all levels of our organisation. We offer meaningful opportunities for growth, a culture of inclusion, and a strong commitment to transparency and integrity in everything we do. Job Description The role holder is responsible for leading the oversight of U.S. Bank Europe DAC (“USBE”) compliance with the Irish Client Asset Requirements (“CAR”) and relevant MiFID requirements. The role has two core and complementary areas of responsibility: • Oversight of compliance with CAR, including the effectiveness of the associated governance, control and assurance framework; and • The provision of authoritative advice, guidance, oversight and credible challenge in relation to MiFID activities and the associated regulatory obligations and control environment. The role holder will be expected to demonstrate substantial technical expertise and practical experience across both CAR and MiFID and to provide effective regulatory leadership, interpretation and challenge to relevant businesses and support functions. Fitness & Probity This role is a ‘pre-approved controlled function’ as defined by the Central Bank Reform Act 2010 Regulations 2011. Accountabilities: A. Client Asset Requirements • Lead the oversight of compliance with CAR, including the governance, control, reconciliation, record-keeping, safeguarding and regulatory reporting arrangements supporting compliance. • Provide authoritative interpretation of applicable client asset legislation, regulations, guidance and regulatory expectations. • Oversee the identification, assessment, escalation and remediation of client asset risks, control weaknesses and regulatory issues. • Provide credible challenge regarding the design and operating effectiveness of the Client Asset Management Plan (“CAMP”) and associated policies, procedures, controls and governance arrangements. • Support senior management and relevant governance committees in understanding material client asset risks, developments, breaches and remediation activity. • Maintain effective engagement with relevant first-line businesses and support functions. B. MiFID oversight and advisory responsibilities • Act as the senior subject-matter expert in relation to MiFID activities and regulatory obligations, providing advice, guidance, oversight and credible challenge to relevant businesses and support functions. • Assess the regulatory and control implications of new or changing MiFID activities, products, services, operating models and client a