Regulatory Administrator

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 (‘GFS’), a subsidiary of U.S. Bank, is one of the country’s largest service providers for mutual funds and exchange-traded fund (‘ETF’). The Regulatory Administrator position is part of the Regulatory Administration group within GFS, which supports the board governance of the series trusts sponsored by GFS and the preparation and maintenance of fund clients’ registration statements and proxy statements.

The work of the GFS Regulatory Administration group enables our fund clients to comply with the federal securities laws, including primarily the Investment Company Act of 1940 and Securities Act of 1933, and regulations adopted by the U.S. Securities and Exchange Commission (‘SEC’).

The work of Regulatory Administrators will tend to focus on more complex projects and filings, such as reorganizations, conversions of mutual funds into ETFs, and the launch of new funds, though Regulatory Administrators may still assist with more routine projects, such as annual updates to registration statements.

Each Regulatory Administrator is a key point of direct interaction with GFS clients, the boards of trustees for series trusts sponsored by GFS, and their external legal counsel. Regulatory Administrators work with our team of GFS Regulatory Administration attorneys and paralegals to manage multiple complex client and internal projects at any time. Regulatory Administrators will benefit from previous experience with an investment adviser, law firm, or service provider as an administrator or paralegal, but paralegal training and past experience as a paralegal are not requirements for the position.

• Preparation of agendas, resolutions, and related materials to support board governance of the series trusts sponsored by GFS.
• Attendance at and drafting of minutes reflecting the content of board of trustees meetings for one or more series trusts sponsored by GFS.
• Working with investment advisers and other service providers to the series trusts sponsored by GFS to solicit due diligence information on behalf of the trust’s board.
• Preparation of regulatory filings required under federal securities laws, including registration statements on Forms N-1A and proxy statements on Schedule 14A or Form N-14, using a content management system.
• Training, mentoring, and other support functions for Regulatory Administration paralegals.

Many of these duties involve working directly with internal counsel, external fund counsel, internal compliance administrators, financial printers, external auditors, and investment advisers on matters requiring confidentiality. Regulatory Administrators also work on additional projects/duties as assigned.

• Bachelor’s degree, or equivalent experience
• Three to five years of related experience

• Good knowledge of federal, state and local laws and regulations
• Basic knowledge of the products, policies, operations and procedures related to the business unit
• Strong organization, analytical and project management skills
• Strong planning, implementation and negotiation skills
• Effective interpersonal, verbal and communication skills
• Proficient computer skills, especially Microsoft Office applications

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.

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…