Chief Compliance Officer - Investment Company
US Bank Global Fund Services
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U.S. Bancorp Global Fund Services (Fund Services), a subsidiary of U.S. Bank, is growing and looking for a passionate, focused candidate to join our Regulatory Support Services (RSS) team. Fund Services is focused on servicing a variety of investment strategies and products including mutual funds and ETFs.
Description:
This position within RSS will serve as Chief Compliance Officer (CCO) for one of our multiple series trusts (MST) containing mutual funds and exchange traded funds. This position is responsible for:
Maintaining the MST’s compliance program, including review and administration of compliance policies and procedures and the creation of new policies and procedures in response to newly issued regulatory guidance
Compliance oversight of service providers to the MST, specifically numerous independent investment advisers, Fund Services as Transfer Agent, Fund Administrator, and Fund Accountant, U.S. Bank as Custodian, and external parties such as Distributor(s) to the Funds
Reviewing compliance programs and related documentation of the MST’s service providers and conducting site visits (on-site or virtually) to observe the compliance programs in place at the MST’s service providers
Working closely with other MST Officers and actively participating in MST Board Meetings
Overseeing, coaching, and providing feedback on the CCO Support Staff assigned to the MST
Acting as the MST anti-money laundering (AML) Officer for their respective Trust
Managing the MST’s regulatory examinations
Preparing and delivering the MSTs compliance reports, including the 38a-1 annual report
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.
Qualifications, Preferred Skills and Experience
Bachelor's degree in related field with master’s degree/JD or CPA a plus
Eight or more years of experience in a compliance or financial industry related role, preferably in a CCO role or securities related
Strong knowledge of federal securities regulations (1940 Act, Advisers Act, AML)
Strong organization, analytical, managerial and project management skills
Ability to manage multiple tasks/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
Ability to accommodate hybrid work environment (3 days in office/2 days remote work)
Position located in Milwaukee, WI but will entertain fully remote for right candidate