Compliance Officer, Portfolio Management & Trading Compliance

U.S. Bank•Minneapolis, MN

1d•$98,175 - $115,500•Hybrid

About The Position

The Compliance Officer is responsible for developing and monitoring U.S. Bank Asset Management (USBAM) and PFM Asset Management (PFMAM) compliance programs under SEC Rule 206(4)-7, including oversight and due diligence reviews of investment advisers and sub-advisers. The role also supports portfolio and trading compliance and daily monitoring of trading activity. The officer interacts directly with senior management, advises executive and line management on emerging compliance issues, and establishes policies, procedures, and controls. This position supports compliance across separate accounts, funds, and institutional accounts. It involves reviewing account data and investment policy statements, monitoring trade-system alerts, coordinating with portfolio managers and traders, supporting regulatory examinations and audits, and working with Legal and Corporate Compliance. The role also contributes to reporting, controls testing, record retention, data management, and systems that automate compliance and improve operational efficiency. The position requires an early schedule aligned with U.S. East Coast markets: 5:30 a.m.–2:00 p.m. PT, 7:30 a.m.–4:00 p.m. CT, or 8:30 a.m.–5:00 p.m. ET. It requires working from a U.S. Bank location three or more days per week. The anticipated start date is February 2027.

Requirements

Bachelor's degree in Business, Finance, Accounting, or a related discipline, or equivalent work experience.
Typically more than six years of applicable experience in investment adviser or mutual fund regulatory compliance.

Nice To Haves

Significant compliance experience at an investment management company and/or investment adviser.
Ability to work effectively in a fast-paced, risk-conscious environment while supporting business objectives.
Ability to interface effectively with management and team members.
Sophisticated use of information technology in support of compliance functions, including experience with the Bloomberg compliance module.
Demonstrated success working within processes, procedures, and systems that optimize compliance and business results.
Leadership, consulting, presentation, and project management skills.
Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends affecting the assigned business line.
Considerable understanding of business-line operations, products and services, systems, and associated risks and controls.
Thorough knowledge of Risk, Compliance, and Audit competencies.
Strong analytical, process-facilitation, and project-management skills.
Effective presentation, interpersonal, written, and verbal communication skills.
Proficient computer navigation skills using software packages such as Microsoft Office, word processing, spreadsheets, databases, and presentation tools.

Responsibilities

Assist the Director of Portfolio and Trading Compliance with the compliance program under SEC Rule 206(4)-7.
Develop expertise and serve as a primary resource for policies and procedures relating to best execution, trade allocation, training, adviser regulatory filings, and other supervisory responsibilities.
Develop and maintain adviser policies and procedures that reflect current operational practices.
Contribute to portfolio compliance for 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, and review and amend investment policy statements.
Review daily trade-system alerts and warnings, communicate with portfolio managers and traders, and track outstanding issues through resolution.
Follow through on compliance and business issues for senior management and help resolve them.
Identify and communicate regulations relevant to USBAM/PFMAM business lines in a way that supports compliance and business objectives.
Provide support on individual transactions, projects, and broader policy issues to ensure compliance with applicable laws, regulations, and organizational standards.
Build productive relationships within USBAM/PFMAM through clear communication, mutual understanding, and shared objectives.
Assist with vendor management, reporting, and inquiries as needed.
Assist with research and responses to federal regulatory examinations and internal audits.
Maintain productive relationships with internal auditors and regulators.
Assist with compliance controls reviews and testing, requests, and management of resulting issues.
Assist with weekly, monthly, quarterly, and annual reporting.
Contribute ideas for systems that automate compliance and create operational efficiencies.
Assist with record-retention policies and large-data management.
Work closely with USBAM/PFMAM Legal and Corporate Compliance and follow through on compliance issues.