What are the responsibilities and job description for the Compliance Manager position at U.S. Bank?
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.
Key Responsibilities:
This role requires working from a U.S. Bank location three (3) or more days per week.
If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.
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:
U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.
E-Verify
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 the E-Verify program.
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: $105,400.00 - $124,000.00
U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Posting may be closed earlier due to high volume of applicants.
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.
Key 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.
- 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)
- 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.
This role requires working from a U.S. Bank location three (3) or more days per week.
If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.
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
U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.
E-Verify
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 the E-Verify program.
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: $105,400.00 - $124,000.00
U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Posting may be closed earlier due to high volume of applicants.
Salary : $105,400 - $124,000