1940 Act Regulatory Administration Manager

U.S. Bank; Milwaukee (WI); On-site; USD 98,000 - 116,000; Full time

Benefits offered by this job

Health insurance

Retirement plan

Paid vacation

Parental leave

Job summary

U.S. Bank in Milwaukee seeks a regulatory attorney to support fund clients by drafting and filing registration statements with the SEC and preparing governance documents.

You will communicate with regulators, prepare board materials, and stay current on Investment Company Act requirements, with a team that values accuracy and collaborative problem solving.

This role offers comprehensive benefits and opportunities to advance in regulatory law within a leading financial services firm.

Qualifications

• Law degree and bar admission in applicable jurisdiction.
• 2–4+ years of related regulatory experience.
• Strong verbal and written communication with attention to detail.

Responsibilities

• Draft, review, and file fund registration statements with the SEC.
• Draft related filings (proxy statements, exemptive relief) and governance documents.
• Communicate with SEC and self-regulatory organizations on fund clients.
• Prepare board meeting materials and minutes; support regulatory matters.

Skills

Regulatory compliance

Legal drafting

Regulatory research

Communication skills

Education

Juris Doctor (Law Degree)

Tools

Microsoft Word

Excel

Outlook

Teams

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.
Drafs, 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 clients 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
• Two to four or more years of related experience

Preferred Skills/Experience

• Legal experience in the investment management practice of a law firm, fund complex or fund servicing organization dealing with the Investment Company Act of 1940, Securities Act of 1933, Securities Exchange Act of 1934, and related rules, regulations, guidance and practices
• Current knowledge of investment company regulations
• Strong verbal and written communication skills with strong attention to detail
• Strong research skills
• Ability to manage multiple tasks simultaneously in a deadline driven environment as well as contribute to 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
• Strong proficiency in computer skills, specifically including document preparation and review in Word or similar applications; strong knowledge of Excel, Outlook and Teams

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: $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.

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.