1940 Act Regulatory Administration Manager

U.S. Bank; Atlanta (GA); Hybrid; USD 148,000 - 175,000; Full time

Benefits offered by this job

Healthcare

Life Insurance

Disability

Parental leave

401(k)

Job summary

U.S. Bank is seeking a senior regulatory professional to support fund clients with registration statements, governance documents, and regulatory filings for the SEC and other agencies. The role includes preparing board materials and providing regulatory guidance to internal lines.

The position requires a Law Degree, active license, and eight or more years of related experience. It offers a hybrid schedule with in-office and flexible remote days, plus a comprehensive benefits package.

Qualifications

• Juris Doctor or equivalent required.
• Licensed to practice in the applicable jurisdiction.
• Eight or more years of related experience in regulatory matters.

Responsibilities

• Draft and prepare fund registration statements for SEC filings.
• Review and file registration statements, proxy statements, and related material.
• Communicate with the SEC and other regulators on behalf of fund clients.
• Prepare board meeting materials and minutes.
• Advise internal business lines on regulation of investment companies.

Skills

Investment regulation

Multi-tasking

Independent worker

Team collaboration

Project leadership

Cross-functional

People management

Education

Law degree

Job description

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

The Regulatory Administration group supports fund clients through preparation of registered investment company regulatory filings, fund governance documents, and oversight materials in support of the fund's legal counsel. Responsible for drafting, reviewing and preparing fund registration statements to be filed with the U.S. Securities and Exchange Commission (SEC), including new fund registrations and annual updates. Drafts, reviews and prepares, supplements, exchange listing applications, exemptive relief applications proxy statements and related filings to be filed with the SEC. Communicates with the SEC and other regulatory agencies and self-regulatory organizations (e.g., New York Stock Exchange) on behalf of fund clients. Prepares agendas, resolutions, agreements, policies and procedures and other materials for investment company board meetings and preparing related minutes. Serves as a resource on regulations and industry developments for fund customers in support of legal counsel and as a resource for internal related business lines with regard to matters concerning regulation of investment companies and industry developments.

Basic Qualifications

• Law Degree
• Licensed to practice in the applicable jurisdiction
• Eight or more years of related experience

Preferred Skills/Experience

• Demonstrated knowledge of and experience applying the Investment Company Act of 1940, including its impact on registered investment companies and related regulatory requirements
• Ability to manage multiple tasks simultaneously in a deadline driven environment as well as lead department and organizational special projects
• Ability to work well independently and as a member of a team, which includes the ability to be flexible and adaptable
• Manages the shared resources of the department and plans effective strategies to complete a deliverables and projects simultaneously
• Strong interpersonal skills to collaborate effectively across multiple functional areas
• Demonstrated ability to lead and manage teams and complex projects with precision
• Skilled in coordinating and aligning the efforts of stakeholders from various parts of the organization in cross-functional initiatives, ensuring effective collaboration and timely completion of projects
• Experience managing people

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.

Compensation

• Compensation for these roles is outside of what is posted; base pay typically falls between $175,000-$200,000, plus annual discretionary incentives.
• Compensation expectations will be discussed with a U.S. Bank recruiter during the interview process.

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

• 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: $148,495.00 - $174,700.00

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.