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.
U.S. Bank Global Fund Services (Fund Services) is seeking a motivated individual to join the Regulatory Support Services (RSS) Contracts team. The RSS Contracts team supports all business line contracting needs within Fund Services, including Fund Services’ global operations. The primary job responsibilities will include:
Drafting and negotiating an array of servicing agreements for registered mutual funds, private funds, exchange-traded funds, closed end funds, business development companies, and custody clients
Managing processes connected to contracting in a timely manner, including but not limited to, obtaining signatures to finalize agreements, storing executed agreements on the contracts database, distributing executed agreements internally and externally, and handling the agreement termination workflow
Performing second level reviews for paralegals
Updating agreement templates (with corporate legal)
Participating in client calls/meetings
Working closely with internal groups such as corporate legal, onboarding, sales and relationship management teams
Assisting with implementation of new contracts management system
Assisting with compliance matters related to the rapidly changing regulatory environment in the US, Cayman and EU
Supporting selected firm-wide compliance initiatives and assisting as needed
Seeking improvement opportunities and efficiencies in team processes
Other duties as assigned
The candidate should be a self-motivated individual that enjoys contract work, non-structured and non-repetitive days and embraces change. The candidate must be open to new challenges and desire professional growth given the rapidly changing regulatory environment facing Fund Services and its clients. Project Management skills would be an asset to this position as this is a fast-paced environment where the candidate must have the ability to prioritize various tasks/projects.
Basic Qualifications
- Bachelor’s degree, or equivalent work experience
- Typically three or more years of experience in regulatory compliance activities
Preferred Skills/Experience
Undergraduate degree (in business related field preferred) and Juris Doctor degree
Prefer a minimum of one-year experience in the mutual fund, private fund or fund services industry, or one-year experience in drafting and negotiating contracts
Strong organizational and written/verbal communication skills
Strong problem-solving/analytical skills
Strong proficiency in computer skills, specifically including document preparation and review in Word or similar applications; strong knowledge of Outlook, Teams and Excel
Ability to work independently and in a team environment
Ability to manage multiple tasks/projects and deadlines simultaneously and be detail-oriented
Ability to develop and maintain professional, strong, long-lasting internal relationships
The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.
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 (some may vary based on role, location or hours):
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: $75,820.00 - $89,200.00U.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.