Multiple Series Trusts Chief Compliance Officer

U.S. Bank; Chicago (IL); Hybride; USD 170 000 - 200 000; Plein temps

Résumé du poste

U.S. Bank seeks a Chief Compliance Officer for one of its multiple series trusts (MST) to lead the MST compliance program, oversee AML efforts, and coordinate with MST Officers and the Board. This role requires extensive securities regulation and governance experience.

The CCO will review service provider programs, conduct site visits, manage regulatory examinations, and deliver the 38a-1 report. A hybrid work schedule and travel about 15% are expected.

Qualifications

• Bachelor's degree or equivalent experience required.
• Ten+ years of related compliance experience.
• Two+ years of managerial experience.
• Experience with ETFs or securities is preferred.
• Experience reporting to a board.

Responsabilités

• Maintain MST compliance program and policies.
• Oversee service providers' compliance programs and conduct site visits.
• Manage regulatory examinations.
• Prepare and deliver annual 38a-1 report.
• Interact with MST Board and other officers.
• Provide feedback to CCO staff.
• Participate in webinars/calls on regulatory updates.
• Travel ~15%.

Connaissances

Regulatory compliance

AML knowledge

Leadership

Board reporting

Project management

Communication

Multi-project management

Financial industry experience

ETFs knowledge

Formation

Bachelor's degree

Master's degree/JD a plus

Outils

Microsoft Office

Regulatory reporting systems

Description du poste

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

This position within the Governance and Control team will serve as the Chief Compliance Officer (CCO) for one of our multiple series trusts (MST) containing mutual funds and exchange traded funds. This position is responsible for:

• Maintaining the MST's compliance program, including the review and administration of compliance policies and procedures and the creation of new policies and procedures in response to newly issued regulatory guidance
• Compliance oversight of service providers to the MST, specifically numerous independent investment advisers, U.S. Bank Global Fund Services as Transfer Agent, Fund Administrator, and Fund Accountant, U.S. Bank as Custodian, and external parties such as Distributor(s) to the Funds
• Reviewing compliance programs and related documentation of the MST's service providers and conducting site visits (on-site or virtually) to observe the compliance programs in place at the MST's service providers
• Working closely with other MST Officers and actively participating in MST Board Meetings
• Overseeing, coaching, and providing feedback on the CCO Support Staff assigned to the MST
• Acting as the MST anti-money laundering (AML) Officer for their respective Trust
• Managing the MST's regulatory examinations
• Preparing and delivering the MSTs compliance reports, including the 38a-1 annual report

The MST CCO partners with the other MST CCOs and MST Officers in monitoring and addressing changes in the regulatory landscape and determining the impact of such changes to the MST. CCO Support Staff assist the MST CCO in their duties.

In addition, the MST CCO may prepare and participate in webinars/calls on regulatory or Governance and Control updates to Fund Services' clients, work on departmental projects and other tasks as assigned.

Basic Qualifications

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

Preferred Skills/Experience

• Bachelor's degree in related field with master's degree/JD a plus
• Ten or more years of experience in a compliance or financial industry related role, preferably in a CCO role or securities related

-Prior experience with compliance or operational aspects of ETFs

• Strong knowledge of federal securities regulations (1940 Act, Advisers Act, AML)
• Strong organization, analytical, managerial and project management skills
• Ability to manage multiple projects and deadlines simultaneously
• Effective interpersonal, verbal and written communication skills, past Board reporting experience a plus
• Proficient computer skills, specifically Microsoft Office applications (Outlook, Teams, Word, Excel)
• Ability to work independently and effectively manage priorities
• Team player who can adjust rapidly in response to critical business needs

Travel Requirements: Approximately 15% travel, including periodic domestic travel and occasional international travel, such as trips to London approximately every other year.

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.

Compensation:

• The posted salary range is a guideline, and compensation may vary based on experience, skills, and qualifications. Total compensation also includes eligibility for an annual discretionary incentive.
• Your compensation expectations will be discussed with a U.S. Bank recruiter if you are contacted to discuss the role further.

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:

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.

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.

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: $170,255.00 - $200,300.00

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.