Fund Compliance & Regulatory Manager (ETF/Mutual Funds)

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

Job summary

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

You will oversee daily monitoring, regulatory reporting, issue resolution, and audit support as a subject matter expert for ETF, mutual, closed-end funds and BDC clients. The role demands deep knowledge of the Investment Company Act of 1940, SEC reporting and risk management, plus strong

Qualifications

• Bachelor’s degree in accounting, finance or related field.
• CPA certified or candidate.
• 10 or more years of experience in Mutual Fund Administration or related field, i.e., public accounting.
• Two or more years of supervisory/managerial experience.

Responsibilities

• Lead and manage 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.
• 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

Leadership

Staff development

Regulatory knowledge

Communication skills

Education

Bachelor's degree

CPA certification or candidate

Tools

MS Office

Job description

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

You will oversee daily monitoring, regulatory reporting, issue resolution, and audit support as a subject matter expert for ETF, mutual, closed-end funds and BDC clients. The role demands deep knowledge of the Investment Company Act of 1940, SEC reporting and risk management, plus strong