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
This position within RSS will serve as the Chief Compliance Officer (CCO) for one of our multiple series trusts (MST) containing mutual funds and exchange traded funds. This position is responsible for:
MaintainingtheMST'scomplianceprogram,including thereviewandadministrationofcompliance policiesandproceduresandthecreationofnewpoliciesandproceduresinresponsetonewly issued regulatory guidance
ComplianceoversightofserviceproviderstotheMST,specificallynumerousindependent investmentadvisers, U.S. Bank Global FundServicesasTransferAgent,FundAdministrator,andFund Accountant,U.S.BankasCustodian,andexternalpartiessuchasDistributor(s)totheFunds
ReviewingcomplianceprogramsandrelateddocumentationoftheMST'sserviceprovidersand conductingsitevisits (on-siteorvirtually)toobservethecomplianceprogramsinplaceat the MST's service providers
WorkingcloselywithotherMSTOfficersandactivelyparticipatinginMSTBoardMeetings
Overseeing,coaching, and providingfeedbackon theCCOSupportStaffassigned totheMST
ActingastheMSTanti-moneylaundering(AML)OfficerfortheirrespectiveTrust
ManagingtheMST'sregulatoryexaminations
PreparinganddeliveringtheMSTscompliancereports,includingthe38a-1annualreport
The MST CCO partners with the other MST CCOs and MST Officers in monitoring and addressing changes in the regulatory landscape and determining the impact of such changes to the MST. CCO Support Staff assist the MST CCO in their duties.
In addition, the MST CCO may prepare and participate in webinars/calls on regulatory or RSS updates to Fund Services' clients, work on departmental projects and other tasks as assigned.
Basic Qualifications
Bachelor's degree, or equivalent experience
Ten or more years of related experience
Two or more years of managerial experience
Preferred Skills/Experience
Bachelor's degree in related field with master's degree/JD a plus
Ten or more years of experience in a compliance or financial industry related role, preferably in a CCO role or securities related
-Prior experience with compliance or operational aspects of ETFs
Strong knowledge of federal securities regulations (1940 Act, Advisers Act, AML)
Strong organization, analytical, managerial and project management skills
Ability to manage multiple projects and deadlines simultaneously
Effective interpersonal, verbal and written communication skills, past Board reporting experience a plus
Proficient computer skills, specifically Microsoft Office applications (Outlook, Teams, Word, Excel)
Ability to work independently and effectively manage priorities
Team player who can adjust rapidly in response to critical business needs
Approximately 15% travel required
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: $133,365.00 - $156,900.00
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.
Posting may be closed earlier due to high volume of applicants.
