Institutional Sales & Relationship Manager - Minnesota

U.S. Bank; Minneapolis (MN); Hybrid; USD 112,000 - 136,000; Full time

Benefits offered by this job

Health benefits

Life insurance

Disability coverage

Parental leave

401(k) retirement plan

Paid vacation

Holiday pay

Adoption assistance

Sick leave

Job summary

U.S. Bank's PFM Asset Management division seeks an Institutional Sales and Relationship Manager to lead new business development and manage client relationships for its investment advisory practice in Minnesota.

The role is based in the Minneapolis office, offering the chance to work with public agencies and grow assets across local government pools and OCIO products. Qualified candidates typically hold a bachelor's degree with 10+ years in portfolio management, sales, or relationship management

Qualifications

• Typically a bachelor's degree or equivalent experience.
• Experience in portfolio management, sales, marketing, or relationship management with institutional clients (Business to Business environment).
• Must be FINRA series 6 or 7, 63 licensed or complete 6 or 7, 63 testing within 120 days of start date.
• Typically has 10 or more years of experience.

Responsibilities

• Develop new client relationships and lead presentations to agency boards.
• Promote the full breadth of PFMAM capabilities to Minnesota and upper Midwest clients.
• Collaborate with internal teams to drive asset growth and implement new accounts.
• Manage SMA sales, multi-asset and OCIO products, preparing materials and following up with prospects.
• Develop active pipeline and participate in sales reviews and quarterly meetings.
• Act as relationship manager for assigned clients, coordinating with service and portfolio teams to retain and grow assets.
• Provide territory feedback to marketing and product teams for campaigns and strategy.
• Represent PFMAM at local government conferences and educate clients on market events and opportunities.

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

PFM Asset Management (PFMAM), a division of U.S. Bancorp Asset Management, Inc. (USBAM), is currently seeking an Institutional Sales and Relationship Manager to lead new business development and manage client relationships for its investment advisory practice in the Minnesota region. The role will be based in our Minneapolis office location. This position affords the successful candidate an opportunity to join other seasoned professionals in working with public agencies to build new relationships and service existing clients. We seek a self‑motivated professional who can identify and pursue opportunities, meet and exceed client deliverables to ensure retention, and drive asset growth.

Key Tasks

• Focus on developing new client relationships, identify and qualify prospective clients, lead formal presentations to agency governing boards, and work to gain commitment and funding.
• Gain and leverage in‑depth knowledge of PFMAM’s products and services and be responsible for promoting the full breadth of PFMAM capabilities to multiple client sectors within the state of Minnesota and upper Midwest states.
• Work closely with the Director, Head of Minnesota, client service staff, marketing, and product teams to drive asset growth, ensure smooth implementation of new client accounts, and fulfill current client needs.
• Meet with existing clients and prospects on a frequent basis while proactively developing new relationships for PFMAM’s local government investment pools (LGIPs) in Minnesota, the Minnesota Association of Governments Investing for Counties (MAGIC) Fund and the Minnesota School District Liquid Asset Fund Plus (MSDLAF+).
• Be responsible for separately managed account (SMA) sales as well as multi‑asset and outsourced chief investment officer (OCIO) products, including preparing materials for meetings, reviewing investment policies and other relevant data, and ensuring appropriate follow‑up with prospects and clients.
• Proactively develop and manage active pipeline in support of annual sales and asset growth goals, including weekly updates and active participation in monthly sales review and quarterly meetings.
• Act as a relationship manager for assigned client list and work closely with the client service and portfolio management teams to retain and grow existing assets, while also taking the lead on managing the new client process.
• Leverage market‑specific expertise to generate and share territory‑specific feedback with the portfolio management and marketing team on a regular basis, allowing for customized development of marketing campaigns and product strategy.
• Represent PFMAM and our key clients by attending and presenting at local government trade association conferences and events.
• Create innovative ways of educating clients and prospects on current market events and investment opportunities.

Basic Qualifications

• Typically a bachelor's degree or equivalent experience.
• Experience in portfolio management, sales, marketing, or relationship management with institutional clients (Business to Business environment).
• Must be FINRA series 6 or 7, 63 licensed or complete 6 or 7, 63 testing within 120 days of start date.
• Typically has 10 or more years of experience.

Preferred Skills/Experience

• Capital Markets knowledge and experience.
• In‑depth knowledge of the company’s products and services.
• Deep understanding of Minnesota local governments, including finance staff, decision‑making processes, and core financial operations such as budgeting, cash management, and debt issuance.
• Strong relationship management and business development/sales skills.
• Well‑developed analytical and problem‑solving skills.
• Ability to work effectively with individuals and groups in managing customer relationships.
• Excellent presentation, verbal and written communication skills.
• Chartered Financial Analyst (CFA) certification.

Schedule & Disability Accommodations

The role offers a hybrid/flexible schedule, which means there’s an in‑office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days. 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.

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.

EEO Statement

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.

Authorization & Background Checks

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, RegZ, RegG, 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.

Salary

Pay Range: $111,600.00 - 136,400.00

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).