Updated 7 days ago

Compliance Manager - Minneapolis, MN

Minneapolis, MN 55434
$13.03 - $20.56
Similar jobs pay
At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we're one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

Job Description

Primarily responsible for supporting the U.S. Bancorp Asset Management ("USBAM") Private Equity Fund Compliance functions in connection with SEC rules and regulations. Assist with the creation and maintenance of required policies and procedures as well as develop and deliver relevant training. Conduct reviews of the required policies and procedures as part of the annual compliance review. Assist in the preparation for regulatory examinations. The Compliance Manager has responsibility for assisting in the development and maintenance of all elements of the testing program for private equity funds. Key responsibilities include completing risk-based testing plans for compliance procedures and policies; creating a schedule for conducting testing; overseeing and implementing the testing strategy; analyzing results, drawing conclusions, and making recommendations in a consultative manner for USBAM senior management.

Essential Functions:
  • Maintain a high level of knowledge of appropriate laws and regulations applicable to private equity funds;
  • Demonstrate experience in taking a proactive role in all stages of compliance processes;
  • Evaluate controls, complete risk-based testing of written policies and procedures and analyze and interpret findings;
  • Conduct on site reviews of business units to ensure that procedures are being followed;
  • Understand how policies and procedures work across complex processes and organizational arrangements across multiple business lines;
  • Prepare written assessments of compliance and internal controls of policies and procedures;
  • Provide periodic assessments of compliance to management and applicable business units, and maintain records to meet compliance requirements;
  • Monitor industry-wide private fund compliance initiatives as well as important regulatory developments and conduct analyses as to how such developments impact USBAM;
  • Field inquiries from employees and management on private fund compliance matters;
  • Communicate with and provide information to the USBAM Chief Compliance Officer;
  • Assist in the development of compliance programs and assist in the design of the testing program and schedule;
  • Coordinate with or supervise the work of others;
  • Provide work direction, training and guidance to compliance positions that support the other compliances functions;
  • Assist in the preparation of regulatory examinations;
  • Complete ad-hoc projects as requested by USBAM Chief Compliance Officer.
Basic Qualifications

- Bachelor's degree, or equivalent work experience

- Seven to ten years of applicable experience

Preferred Skills/Experience

- Financial services industry experience including direct experience in compliance testing/consulting

- Strong background and experience with Investment Advisers Act of 1940 and the Investment Company Act of 1940

- Direct experience with private equity funds;

- Excellent judgment and the ability to make clear, rational, and timely decisions with minimal work direction;

- Ability to work effectively with cross-functional teams;

- Ability to work in an unstructured environment and to be creative and innovative;

- Strong planning and organizational skills;

- Demonstrate analytical and strategic thinking skills;

- Strong presentation and communication skills;

- Strong commitment to procedures and controls;

- Strong interpersonal, written, and oral communications skills.

Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.

Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visitingusbank.com/careers.

EEO is the Law
Applicants can learn more about the company's status as an equal opportunity employer by viewing the federal EEO is the Law poster.


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 theE-Verify program.

Posting ID: 633050889Posted: 2021-06-15Job Title: Compliance Manager