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U.S. Bank Alternative Investment Senior Compliance Officer in Milwaukee, Wisconsin

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

  • Desire 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.

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

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.

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: $108,375.00 - $127,500.00 - $140,250.00

Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.

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