US Bank Compliance Professional - Portfolio Trading 

United States, Minnesota, Minneapolis 

823359723

Job Description

This position primarily is responsible for the development and monitoring of USBAM/PFMAM SEC Rule 206(4)-7 Compliance Program as it relates to the oversight and due diligence review of the duties and responsibilities of the investment adviser and sub-advisers. This position also will primarily assist with Portfolio and Trading Compliance and the overall daily monitoring of trade activity. This individual will have direct interaction with senior management of USBAM & PFMAM and advise executive and line management on emerging compliance issues. The role will also be responsible for establishing policies, procedures, and controls.

Essential Functions

- Assist the Director of Portfolio and Trading Compliance (“Compliance Director”) with the compliance program under SEC rules 206(4)-7.

- Develop as the ‘go to’ person within USBAM & PFMAM for policies and procedures relating to best execution, trade allocation, training, adviser regulatory filings, and other supervisory responsibilities.

- Develop policies and procedures relating to the adviser and ensuring that such policies and procedures are up to date and reflect current operational practices.

- Contribute as a proactive voice within Portfolio compliance, as well as USBAM/PFMAM separate accounts, funds, and institutional accounts.

- Support the CCO and Compliance Director on trading compliance and compliance rule setup in the trade order management system.

- Review daily account data and changes, as well as review and amend investment policy statements.

- Review daily alerts and warnings in the trade order management system, communicate with Portfolio Managers & Traders, while tracking outstanding issues and their resolution.

- Provide proactive and situation-specific support on individual transactions and projects and on broader issues of policy and principle to ensure that applicable laws and regulations, as well as USBAM/PFMAM standards, are fully observed in spirit as well as in letter.

- Ensure productive relationships within USBAM/PFMAM, striving to establish a constructive relationship based on clear communication, mutual understanding, and shared objectives.

- Assist with vendor management, reporting, and inquiries, as needed.

- Assist with research and responses to regulatory examinations by federal regulators and internal audits.

- Ensure productive relationships with internal auditors and regulators.

- Assist with compliance controls reviews/testing, requests, and management of issues resulting from such reviews.

- Assist with weekly, monthly, quarterly, and annual reporting.

- Contribute to the development of ideas relating to the implementation of systems to automate compliance and create operational efficiencies.

- Assist with record retention policies, and large-data management.

The role will require an early start/shift coinciding with the US east coast markets (7:00 a.m. to 3:00 p.m. CT).

Basic Qualifications

- Bachelor's degree, or equivalent work experience

- Typically, more than two years of applicable experience

Preferred Skills/Experience

-Knowledge of Bloomberg Compliance Module/System & Rule Writing

-Compliance experience in investment adviser, mutual fund regulatory compliance

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 (some may vary based on role, location or hours):

• 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

EEO is the Law

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 .

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: $71,400.00 - $84,000.00 - $92,400.00

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.

Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.