BL Regulatory Review Manager

US Bank; Milwaukee (WI); On-site; USD 140,000 - 210,000; Full time

Job summary

U.S. Bank is seeking a Senior Compliance Officer to provide senior-level oversight and regulatory guidance for mutual funds and ETFs under the Investment Company Act. The role includes leading complex projects, mentoring junior officers, and driving process improvements across technology-enabled workflows.

The candidate will manage risk-based reviews, oversee onboarding/offboarding, and collaborate with Compliance Officers and CCOs to ensure robust compliance programs and timely issue resolution.

Qualifications

• Bachelor's degree, or equivalent experience.
• Ten or more years of related experience.

Responsibilities

• Assist CCO with risk-based reviews of investment adviser compliance programs and related materials.
• Assist with annual adviser due diligence reviews including risk assessment and documentation.
• Lead senior-level support for onboarding/offboarding, certifications, and oversight activities.
• Maintain documentation of reviews, decisions, and outcomes; perform advanced compliance tasks as directed.
• Mentor junior Compliance Officers and provide practical guidance and onboarding support.
• Provide day-to-day leadership on assigned workstreams and coordinate activities with the manager/CCOs.
• Lead special projects affecting the Trust compliance program and drive completion.

Skills

Regulatory interpretation

Compliance reviews

Mentor staff

Cross-functional leadership

Process improvement

Stakeholder communication

Tech enablement

Education

Bachelor's degree or equivalent experience

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 Senior Compliance Officer serves as a senior individual contributor and leadership resource within the MST Compliance Officer team, while reporting to the Compliance Officer Manager. The role provides experienced compliance oversight and regulatory guidance for mutual funds and exchange-traded funds regulated under the Investment Company Act of 1940 and applicable Securities and Exchange Commission requirements. This position leads complex and special projects, supports technology and automation initiatives designed to increase team efficiency, and provides structured mentorship and day-to-day guidance to junior Compliance Officers. The Senior Compliance Officer focuses on higher-risk reviews, issue resolution, and process improvement.

Primary Responsibilities

• Assist CCO with conducting ongoing, risk-based reviews and monitoring of investment adviser compliance programs, including compliance manuals, policies and procedures, regulatory reports, certifications, and other oversight materials; identify potential gaps, document conclusions, and elevate significant matters to appropriate CCO.
• Assist the CCOs with planning and conducting annual adviser due diligence reviews, including risk assessment, document review, interview preparation, issue identification, written summaries, and follow-up tracking.
• Lead or provide senior-level support for adviser and service-provider onboarding and offboarding, quarterly adviser calls, recurring certifications, exception management, escalated concerns, and other material oversight activities.
• Maintain appropriate documentation of reviews, decisions, issues, and project outcomes; perform other complex compliance responsibilities and leadership assignments as directed by the Compliance Officer Manager or CCOs.
• Serve as a mentor and subject-matter resource for junior Compliance Officers, by providing practical guidance, reviewing work, reinforcing established standards, sharing knowledge, and supporting successful onboarding and continued development.
• Provide day-to-day leadership on assigned workstreams while reporting to the Compliance Officer Manager; coordinate activities, clarify expectations, monitor progress, and escalated staffing, performance, or material compliance matters to the manager or appropriate CCO.
• Take the lead on special projects that affect the Trust compliance program or broader team, including defining scope, organizing deliverables, coordinating stakeholders, identifying risks and dependencies, documenting decisions, and driving work through completion.
• Partner on technology-related projects that automate manual processes, improve data quality, strengthen documentation, and increase efficiency across the team. Assist with testing and implementation and help employees adopt new tools and workflows.
• Identify opportunities to shift appropriate recurring, tracking, and administrative activities to junior Compliance Officers; develop clear procedures, templates, job aids, or quality-control steps and provide oversight without duplicating the manager's role.

Basic Qualifications

• Bachelor's degree, or equivalent experience
• Ten or more years of related experience

Preferred Skills/Experience

• Demonstrated experience interpreting regulatory requirements, conducting complex compliance reviews, documenting conclusions, managing exceptions, and communicating issues to leadership.
• Demonstrated experience mentoring junior professionals and leading cross-functional projects or significant workstreams.
• Experience supporting process improvement, technology implementation, workflow automation, system testing, or operational efficiency initiatives.
• Extensive knowledge of federal and state securities laws and regulations, including the Investment Company Act of 1940 and the Investment Advisers Act of 1940.
• Comprehensive knowledge of registered fund products, adviser oversight, service-provider governance, and related policies, operations, and procedures.
• Ability to lead through influence, coach junior employees, delegate appropriately, and provide clear direction while respecting the formal responsibilities of the Compliance Officer Manager.
• Ability to analyze existing processes, distinguish administrative work from higher-risk compliance activities, and design scalable workflows with effective quality controls.
• Ability to translate compliance requirements into technology and automation solutions and collaborat