Senior Fund Compliance & Regulatory Manager

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

Benefits offered by this job

Healthcare

Life Insurance

Disability

401(k)

Paid vacation

Holidays

Adoption assistance

Sick leave

Job summary

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

You will oversee daily compliance monitoring, regulatory reporting, issue resolution, and audits for ETFs, mutual funds, closed-end funds, and business development companies. The role requires strong knowledge of the Investment Company Act of 1940, SEC reporting, fund governance, and risk management.

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.

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

Regulatory knowledge

Communication

Project management

Education

Bachelor's degree in accounting, finance or related field

CPA certification or candidate

Job description

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

You will oversee daily compliance monitoring, regulatory reporting, issue resolution, and audits for ETFs, mutual funds, closed-end funds, and business development companies. The role requires strong knowledge of the Investment Company Act of 1940, SEC reporting, fund governance, and risk management.