U.S. Bank Director of Compliance – Portfolio Compliance in Minneapolis, Minnesota
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Job DescriptionPrimarily responsible for supporting the U.S. Bancorp Asset Management (“USBAM”) Portfolio Compliance function. This includes managing a team which maintains an effective portfolio compliance program that provides reasonable assurance that portfolio investments are made in compliance with the investment restrictions imposed by law, regulation, client direction and internal requirements. This position will report directly to the USBAM Chief Compliance Officer.
ESSENTIAL FUNCTIONS: Maintain a high-performing Portfolio Compliance team (develop, coach, reward and recognize team members);
Maintain a high level of knowledge of appropriate laws and regulations applicable to USBAM;
Assist with the creation and maintenance of required policies and procedures as well as develop and deliver relevant training;
Conduct reviews of policies and procedures as part of the annual compliance review;
Provide compliance advice on investing-related projects and initiatives;
Assist in the preparation for regulatory examinations;
Demonstrate experience in taking a proactive role in all stages of compliance processes;
Work effectively with a wide variety of individuals throughout organization, including investment professionals;
Provide periodic assessments of compliance to management and applicable business units, and maintain records to meet compliance requirements;
Monitor industry-wide portfolio compliance initiatives as well as important regulatory developments, conduct analyses as to how such developments impact USBAM, and advise the business on emerging compliance issues; and
Communicate with and provide information to the USBAM Chief Compliance Officer.
Basic Qualifications - Bachelor's degree, or equivalent work experience - Ten or more years of experience in an applicable risk management environment - Applicable certifications
Preferred Skills/Experience - Experience with Investment Advisers Act of 1940 and the Investment Company Act of 1940 - Strong technical aptitude related to pre-trade and post-trade compliance systems; - Previous experience with compliance surveillance applications and tools such as Charles River; - Knowledge of Bloomberg trading system and data analytics; - Knowledge of money market mutual funds; - Excellent judgment and the ability to make clear, rational, and timely decisions with minimal work direction; - Ability to work effectively with cross-functional teams; - Ability to work in an unstructured environment and to be creative and innovative; - Strong planning and organizational skills; - Demonstrate analytical and strategic thinking skills; - Strong presentation and communication skills; - Strong commitment to procedures and controls; and - Strong interpersonal, written and oral communications skills.
Benefits: Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.
Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting usbank.com/careers.
EEO is the Law Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal EEO is the Law poster.
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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.