Compliance Officer, Portfolio Management & Trading Compliance

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 primarily is responsible for the development and monitoring of USBAM/PFMAM SEC Rule 206(4)-7 Compliance Program as it relates to the oversight and due diligence review of the duties and responsibilities of the investment adviser and sub-advisers. This position also will primarily assist with Portfolio and Trading Compliance and the overall daily monitoring of trade activity. This individual will have direct interaction with senior management of USBAM & PFMAM, and advise executive and line management on emerging compliance issues, and will be responsible for establishing policies, procedures and controls.

The role will require an early start/shift coinciding with the US east coast markets [5:30am – 2pm PT; 7:30am – 4pm CT; 8:30am – 5pm ET].

Responsibilities:

• Assist the Director of Portfolio and Trading Compliance (“Compliance Director”) with the compliance program under SEC rules 206(4)-7.
• Develop as the ‘go to’ person within USBAM & PFMAM for policies and procedures relating to best execution, trade allocation, training, adviser regulatory filings and other supervisory responsibilities.
• Develop policies and procedures relating to the adviser and ensure that such policies and procedures are up to date and reflect current operational practices.
• Contribute as a proactive voice within Portfolio compliance, as well as USBAM/PFMAM separate accounts, funds, and institutional accounts.
• Support the CCO and Compliance Director on trading compliance and compliance rule setup in the trade order management system.
• Review daily account data and changes, as well as review and amend investment policy statements.
• Review daily alerts and warnings in the trade order management system, communicate with Portfolio Managers & Traders, while tracking outstanding issues and their resolution.
• Follow through on specific compliance and business-related issues for senior management and play a key role in resolving these issues.
• Identify and communicate regulations relevant to USBAM/PFMAM lines of business, in a way that supports compliance as a positive factor in the commercial success of the business.
• Provide proactive and situation-specific support on individual transactions and projects and on broader issues of policy and principle to ensure that applicable laws and regulations, as well as USBAM/PFMAM standards, are fully observed in spirit as well as in letter.
• Ensure productive relationships within USBAM/PFMAM, striving to establish a constructive relationship based on clear communication, mutual understanding, and shared objectives.
• Assist with vendor management, reporting, and inquiries, as needed.
• Assist with research and responses to regulatory examinations by federal regulators and internal audits.
• Ensure productive relationships with internal auditors and regulators.
• Assist with compliance controls reviews/testing, requests, and management of issues resulting from such reviews.
• Assist with weekly, monthly, quarterly, and annual reporting.
• Contribute to the development of ideas relating to the implementation of systems to automate compliance and create operational efficiencies.
• Assis with record retention policies, and large-data management.
• Work closely with USBAM/PFMAM Legal and Corporate Compliance and follow through on issues pertaining to compliance.
  

Basic Qualifications
- Bachelor's degree in Business, Finance, Accounting, or related discipline, or equivalent work experience
- Typically more than six years of applicable experience in investment adviser, mutual fund regulatory compliance

Preferred Skills/Experience

- Significant experience in the compliance area of investment management company and/or investment advisor.

- Proven ability to function in a fast paced, risk-conscious environment while working within strategies to move the business forward.

- Ability to interface effectively with management and team members.

- A high level of sophistication and experience with the use of information technology in support of the compliance functions is a must, as well as experience utilizing the Bloomberg compliance module.

- Demonstrated success in working within processes, procedures and systems that optimize compliance and business results.

- Demonstrate leadership, consulting, presentation and project management skills.

- Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business
- Considerable understanding of the business line’s operations, products/services, systems, and associated risks/controls
- Thorough knowledge of Risk/Compliance/Audit competencies
- Strong analytical, process facilitation and project management skills
- Effective presentation, interpersonal, written and verbal communication skills
- Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases, and presentations

The role will require an early start/shift coinciding with the US east coast markets [5:30am – 2pm PT; 7:30am – 4pm CT; 8:30am – 5pm ET].

Anticipated start date for this position is February 2027.

Location expectations
This role requires working from a U.S. Bank location listed three (3) or more days per week.

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.

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:

• 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

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

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.

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: $98,175.00 - $115,500.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.