Alternative Investment Senior Compliance Officer
U.S. Bank Global Fund Services
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 Regulatory Support Services (RSS) will primarily support the Global Fund Services’ alternative investment business with a focus on various aspects of compliance with appropriate laws and regulations for private equity funds and hedge funds. The position will also support compliance for all business lines as well as tackling larger compliance projects. The primary job responsibilities will include:
- Developing, revising, and maintaining compliance and regulatory policies, procedures and controls taking into account the specific needs of the business, company policies and practices, and evolving regulatory requirements (with particular focus on the U.S., Cayman, and Guernsey)
- Researching new regulations and assisting business lines with required implementation
- Working closely with business lines to provide broad compliance support with applicable laws and regulations
- Serve as the primary point of escalation for matters pertaining to compliance matters and regulatory requirements
- Provide regulatory and operational support to EU/US-based fund accounting, investor services and custody/depositary teams as well as clients primarily in North America and Europe.
- Overseeing corporate governance of domestic and offshore affiliates including maintenance of associated policies, procedures and training.
- Assisting with strategic initiatives including implementation of new service offerings and vendor relationships.
- Supporting selected company-wide compliance initiatives pertaining to Global Fund Services
- Liaising with corporate partners and business lines as needed
- Supporting selected firm-wide compliance initiatives and may have project management oversight in some instances
- Assisting in the preparation of responses to regulatory inquiries and examination
- Seeking improvement opportunities and efficiencies in team processes
- Other duties as assigned
Basic Qualifications
- Bachelor's degree, or equivalent experience
- Ten or more years of related experience
Preferred Skills/Experience
- Bachelor’s degree in business related field, with law degree a plus
- Ten or more years of professional compliance and or law firm experience
- Experience with private funds and rules and regulations
- Possess interest in financial markets and compliance processes with an ability to step in and work directly with business lines
- Highly motivated, enthusiastic, proactive, intelligent, and proven excellence in prior endeavors
- Strong critical thinking skills
- Strong time and task management skills; possesses an ability to manage multiple priorities and raise issues in a timely and productive fashion
- Strong organizational and communication skills, as well as a demonstrated ability to write effectively
- to work as part of a collaborative team and willingness to embrace a variety of matters; team player
- Proficient computer skills, especially Microsoft Office applications
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.