Fund Compliance & Regulatory Manager - ETF/Mutual Funds

U.S. Bank; Boston (MA); On-site; USD 127,000 - 149,000; Full time

Benefits offered by this job

Healthcare benefits

Life insurance

Disability coverage

Parental leave

401(k) plan

Paid vacation

Paid holidays

Adoption assistance

Sick leave

Job summary

U.S. Bank seeks a Fund Administration Compliance & Regulatory Manager to lead a team ensuring registered investment funds comply with regulatory requirements, prospectus restrictions, and internal policies.

You will oversee daily monitoring, regulatory reporting, issue resolution, and audit support for ETF, mutual fund, and related clients. A strong understanding of the Investment Company Act of 1940, SEC reporting, fund governance, and risk management is required.

Qualifications

• Bachelor's degree in accounting, finance or related field.
• CPA certified or candidate.
• 10+ years of experience in Mutual Fund Administration or related field, i.e., public accounting.
• Two or more years of supervisory/managerial experience.
• Demonstrated leadership and supervision of professional staff.
• Strong knowledge of regulatory, accounting principles affecting registered investment funds

Responsibilities

• Lead and manage a team responsible for monitoring compliance with regulatory requirements, prospectus restrictions, investment policies, and internal controls.
• Serve as a primary point of contact for compliance-related client inquiries and escalations.
• Interpret regulatory requirements and provide guidance regarding SEC rules, Investment Company Act provisions, Subchapter M requirements, and other applicable regulations.
• Coordinate with Legal, Compliance, Fund Accounting, Financial Reporting, and external service providers to ensure regulatory obligations are met.
• Maintain documentation supporting compliance testing methodologies, procedures, and controls.
• Lead, mentor, and develop compliance professionals through coaching, performance management, and technical training.
• Evaluate existing procedures and implement process improvements to enhance efficiency and compliance
• Establish team priorities, allocate resources, and monitor workload distribution to ensure service-level commitments are achieved.
• Promote a culture of accountability, continuous improvement, and regulatory excellence.
• Provide technical guidance regarding new regulations, rule changes, and emerging compliance risks.
• Participate in department level initiatives, committees and working groups
• Execute strategies and drive change for the fund administration department and the entire business line
• Support business growth initiatives, including participation in new client or product activities

Skills

Regulatory compliance

Team leadership

Communication skills

SEC reporting

Project management

Education

Bachelor's degree in accounting/finance or related field

CPA certified or candidate

Tools

Microsoft Office

Job description

U.S. Bank seeks a Fund Administration Compliance & Regulatory Manager to lead a team ensuring registered investment funds comply with regulatory requirements, prospectus restrictions, and internal policies.

You will oversee daily monitoring, regulatory reporting, issue resolution, and audit support for ETF, mutual fund, and related clients. A strong understanding of the Investment Company Act of 1940, SEC reporting, fund governance, and risk management is required.