Deputy Chief Compliance Officer

U.S. Bank • Minneapolis, MN

18h • Hybrid

About The Position

This position within Regulatory Support Services (RSS) will support Global Fund Services (GFS)’ Chief Compliance Officer (CCO) and focus on various aspects of GFS’ compliance with various securities laws and regulations as well as tackling and overseeing larger compliance projects and managing select teams within RSS. The ideal candidate will possess exceptional multi-tasking abilities, enabling the efficient management of multiple projects and priorities simultaneously without compromising quality or deadlines. This individual thrives in dynamic, fast-paced environments and demonstrates outstanding agility by quickly adapting to changing circumstances, new challenges, and evolving business needs.

Requirements

• Bachelor's or Master’s degree in accounting, finance, securities law or related field, certified public accountant or law degree preferred
• Ten or more years of experience in auditing, accounting, legal or regulatory compliance activities
• Ten or more years of experience in investment securities or regulatory compliance activities
• Five or more years of management experience

Nice To Haves

• Strong knowledge of Federal securities regulations (1940 Act, Advisers Act), knowledge of foreign securities regulations a plus
• Strong organization, analytical and project management skills
• Strong critical thinking skills and proven track record demonstrating innovative problem-solving and implementation of creative solutions
• Strong planning, implementation and negotiation skills
• Ability to work both independently and collaboratively within cross-functional teams
• Demonstrated agility in responding to shifting priorities and business requirements
• Effective interpersonal, verbal and communication skills
• Proficient computer skills, especially Microsoft Office applications

Responsibilities

• Providing support to the Chief Compliance Officer including:
• Developing and administering the Compliance program
• Overseeing, maintaining and adjusting policies and procedures (including the development of new policies) to meet regulatory requirements and expectations, both domestic and foreign (Cayman Islands, EU, other)
• Overseeing and working closely with corporate partners (i.e. risk, law division, corporate compliance) and business lines to address federal and state regulatory changes and to review/complete gap analysis and assist with action plan development
• Providing compliance direction and advice in all areas applicable to the business lines including support for longer term compliance projects, internal and external audit matters and digital innovation projects
• Managing certain regulatory documents and filings, such as the TA-2 filing
• Overseeing corporate governance of domestic and offshore affiliates including review and preparation of Board Materials for various GFS entities
• Overseeing and managing intra-company and third party service provider outsourcing arrangements, including updating procedures/programs to align with domestic and foreign regulations
• Assisting with strategic initiatives including implementation of new service offerings and vendor relationships
• Supporting selected firm-wide compliance initiatives and project management oversight in some instances, such as records management, data protection
• Developing and overseeing various client and senior management reporting and departmental metrics, including reviewing and approving of compliance events and client communications
• Overseeing project management of RSS departmental initiatives
• Participating in client due diligence visits as needed
• Seeking improvement opportunities and efficiencies in team processes
• Other duties as assigned
• Overseeing RSS Contracts, RSS Testing, Compliance and Project Management
• Manage and provide guidance as needed. Each function has at least one manager/employee that is a direct report
• Oversee contract management system implementation project to ensure project stays on track and meets deliverables
• Oversee the testing team’s quarterly reporting and meet periodically with the testing team manager to support as needed
• Oversee projects that direct reports are assigned to manage

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