Multiple Series Trusts Chief Compliance Officer
About the 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.
This position within the Governance and Control team will serve as the Chief Compliance Officer (CCO) for one of our multiple series trusts (MST) containing mutual funds and exchange traded funds.
Responsibilities
- Maintaining the MST's compliance program, including the 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, U.S. Bank Global 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
- Partnering with 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
- Preparing and participating in webinars/calls on regulatory or Governance and Control updates to Fund Services' clients
- Working on departmental projects and other tasks as assigned
Requirements
- Bachelor's degree, or equivalent experience
- Ten or more years of related experience
- Two or more years of managerial experience
Preferred skills and 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
Travel requirements
Approximately 15% travel, including periodic domestic travel and occasional international travel, such as trips to London approximately every other year.
Schedule
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.
Pay
Pay Range: