Job DescriptionAs a Fund Administration Compliance & Regulatory Supervisor, you will lead a team responsible for ensuring registered investment companies comply with regulatory requirements, prospectus limitations, internal policies, and client-specific guidelines. You will oversee daily compliance monitoring activities, regulatory reporting, issue resolution, and audit support while serving as a subject matter expert on registered fund compliance matters for exchange-traded fund ("ETF"), mutual fund, closed end fund and/or business development company clients. In Fund Administration, we value clients first and employees always. We take pride in doing the right thing each and every day in a fun, challenging and fulfilling environment. Our leadership and team mentors are committed to you, and we will provide you with an array of resources and teaching methodologies to help you succeed and grow as a financial professional and future leader.
Job Description:- As a Fund Administration Compliance Supervisor, you will spend key time:
- Lead and supervise 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
- Oversee daily, weekly, and periodic compliance testing for mutual funds, ETFs, closed-end funds, and other registered investment products.
- Review and approve compliance reporting deliverables, exception reports, and regulatory monitoring results.
- Ensure timely identification, escalation, documentation, and resolution of compliance exceptions and regulatory breaches.
- Maintain documentation supporting compliance testing methodologies, procedures, and controls.
- Provide training and technical guidance to staff regarding regulatory and procedural changes
- Evaluate existing procedures and implement process improvements to enhance efficiency and compliance
- Support business growth initiatives, including participation in new client or product activities
Basic Qualifications:- Bachelor's degree in accounting, finance or related field
- CPA certified or candidate
- Eight or more years of experience in Mutual Fund Administration or related field, i.e., public accounting
Preferred Skills/Experience:- Advanced knowledge of legal, regulatory, and accounting principles affecting registered investment funds
- Strong understanding of the Investment Company Act of 1940, Subchapter M of the Internal Revenue Code, and applicable state securities regulations
- Demonstrated experience managing and developing professional staff
- Strong organizational skills with the ability to manage complex, long-term projects
- Excellent written and verbal communication skills with significant client interaction
- Proficiency with Microsoft Office and standard PC applications
- Strong commitment to ethics, compliance, and internal control standards
This role requires working from a U.S. Bank location three (3) or more days per week.
Benefits: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:
- 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
Review our full benefits available by employment status here.
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: $98,175.00 - $115,500.00
Posting may be closed earlier due to high volume of applicants. 
