Fund Administration Compliance Supervisor

Usbank; Oshkosh (WI); Hybrid; USD 112,000 - 131,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) retirement plan

Paid vacation and holidays

Sick leave and parental leave

Job summary

U.S. Bank is seeking a Fund Administration Compliance & Regulatory Supervisor to lead a team ensuring registered investment funds comply with regulatory requirements and internal policies. You will oversee monitoring, reporting, issue resolution, and audits for ETFs, mutual funds, and related products.

The role emphasizes substantial regulatory expertise, leadership, and guidance to staff while supporting growth initiatives. The position requires working from a U.S.

Qualifications

• Minimum degree in accounting/finance or related field.
• CPA certification or candidate status preferred.
• Experience with mutual funds, ETFs, or registered investment products.

Responsibilities

• Lead and supervise a team responsible for monitoring compliance with regulatory requirements and internal controls.
• Oversee daily/weekly/regulatory testing for mutual funds, ETFs, and other registered funds.
• Review and approve compliance reporting deliverables and exception reports.
• Identify, escalate, and resolve compliance breaches and regulatory issues.
• Maintain documentation of testing methodologies, procedures and controls.
• Provide training and guidance on regulatory changes to staff.
• Suggest process improvements to enhance efficiency and compliance.
• Support new client or product activities and business growth initiatives.

Skills

Fund compliance

Regulatory reporting

Team leadership

Stakeholder communication

Regulatory knowledge

Microsoft Office

Education

Bachelor's degree in accounting/finance or related field

CPA certification or candidate

Tools

Microsoft Office

Job description

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.

As a Fund Administration Compliance & Regulatory Supervisor, you will lead a team responsible for ensuring registered investment companies comply with regulatory requirements, prospectus limitations, internal policies, and client‑specific guidelines. You will oversee daily compliance monitoring activities, regulatory reporting, issue resolution, and audit support while serving as a subject matter expert on registered fund compliance matters for exchange‑traded fund ("ETF"), mutual fund, closed end fund and/or business development company clients. In Fund Administration, we value clients first and employees always. We take pride in doing the right thing each and every day in a fun, challenging and fulfilling environment. Our leadership and team mentors are committed to you, and we will provide you with an array of resources and teaching methodologies to help you succeed and grow as a financial professional and future leader.

As a Fund Administration Compliance Supervisor, you will spend key time:

• Lead and supervise a team responsible for monitoring compliance with regulatory requirements, prospectus restrictions, investment policies, and internal controls, including fund compliance programs, regulatory filings, and board reporting.




• Oversee daily, weekly, and periodic compliance testing for mutual funds, ETFs, closed‑end funds, and other registered investment products.




• Review and approve compliance reporting deliverables, exception reports, and regulatory monitoring results.




• Ensure timely identification, escalation, documentation, and resolution of compliance exceptions and regulatory breaches.




• Maintain documentation supporting compliance testing methodologies, procedures, and controls.




• Provide training and technical guidance to staff regarding regulatory and procedural changes.




• Evaluate existing procedures and implement process improvements to enhance efficiency and compliance.




• Support business growth initiatives, including participation in new client or product activities.

Basic Qualifications:

• Bachelor's degree in accounting, finance or related field




• CPA certified or candidate




• Nine or more years of experience in Mutual Fund Administration or related field, i.e., public accounting

Preferred Skills/Experience:

• Advanced knowledge of legal, regulatory, and accounting principles affecting registered investment funds




• Strong understanding of the Investment Company Act of 1940, Subchapter M of the Internal Revenue Code, and applicable state securities regulations




• Demonstrated experience managing and developing professional staff




• Strong organizational skills with the ability to manage complex, long‑term projects




• Excellent written and verbal communication skills with significant client interaction




• Proficiency with Microsoft Office and standard PC applications




• Strong commitment to ethics, compliance, and internal control standards

This role requires working from a U.S. Bank location 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 (https://careers.usbank.com/global/en/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 (https://careers.usbank.com/global/en/benefits/us).

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 (https://careers.usbank.com/verification-of-eligibility-for-employment).

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: $111,605.00 - $131,300.00

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.