Compliance Manager

U.S. Bank • Minneapolis, MN

10d • Onsite

About The Position

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 The successful candidate for this position will play a critical role in supporting and overseeing the compliance program for an SEC‑registered investment adviser and affiliated registered investment companies. This individual will bring deep regulatory expertise, strong judgment, and exceptional communication skills to provide practical, risk‑based compliance guidance across the organization. The role requires the ability to pivot quickly as regulatory expectations, business initiatives, and job needs evolve, while maintaining a high standard of accuracy, documentation, and professionalism.

Requirements

• Bachelor's degree, or equivalent work experience
• Typically more than six years of applicable experience
• Series 6 or Series 7 at minimum, and ideally Series 24 and/or Series 26 (or willingness to obtain)

Nice To Haves

• Compliance experience with an SEC‑registered investment adviser, including hands‑on responsibility for advisory compliance matters.
• FINRA registration/licensure, with active licenses or the ability to obtain required registrations within 4 months of start date (e.g., Series 7, 24, 63, 65, or equivalent, as applicable).
• Demonstrated experience supporting registered investment company compliance.
• Strong working knowledge of marketing and advertising review requirements under the SEC and FINRA frameworks.
• Exceptional written and verbal communication skills, with the ability to explain complex regulatory concepts clearly and effectively.
• Proven ability to pivot, prioritize, and adapt in a dynamic regulatory and business environment.
• Strong research, analytical, and administrative skills, with a high level of accuracy and attention to detail.

Responsibilities

• Investment Adviser & Investment Company Compliance Provide day‑to‑day compliance support for an SEC‑registered investment adviser, including interpretation and application of the Investment Advisers Act of 1940 and related SEC rules.
• Support compliance oversight for registered investment companies, including mutual funds or similar products, in coordination with internal stakeholders and service providers.
• Assist with the development, implementation, and maintenance of compliance policies, procedures, and controls designed to meet evolving regulatory expectations.
• Review and approve marketing, advertising, and communications materials in accordance with the SEC Investment Adviser Marketing Rule and applicable FINRA standards.
• Partner closely with marketing, legal, and business teams to ensure communications are accurate, balanced, and compliant while supporting business objectives.
• Maintain documentation and records supporting marketing review and approval processes, including substantiation and required disclosures.
• Translate complex regulatory concepts into clear, practical guidance for business partners and senior leadership.
• Monitor regulatory developments and assist in assessing their impact on policies, procedures, and business practices.
• Support compliance testing, certifications, and periodic reviews.
• Demonstrate flexibility and adaptability by taking on new responsibilities as the compliance program and business needs evolve.

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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees