Chief Compliance Officer USBAM RIA Funds

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The combined Chief Compliance Officer across USBAM RIA & All Funds is responsible for leading the enterprise-facing, adviser-specific, and fund-facing compliance architecture for USBAM and its pooled-fund ecosystem. This role requires integrated oversight across the SEC-registered adviser compliance program, registered investment company compliance programs, private liquidity pool, LGIPs, institutional client activities, fund governance, Board reporting, distribution compliance, portfolio compliance, service provider oversight, regulatory change, and compliance team leadership.

The combined CCO serves as the senior compliance leader responsible for preserving the integrity, independence, and effectiveness of both the USBAM adviser compliance program and the fund compliance programs. The role requires precise role delineation, strong judgment, transparent escalation, and the ability to operate across multiple accountable constituencies: USBAM senior management, U.S. Bank Corporate Compliance, Legal, Risk, Internal Audit, fund Boards, independent trustees, service providers, clients, regulators, and the compliance team.

This role must balance dual but complementary responsibilities. For USBAM, the CCO must administer the adviser compliance program and advise the business on fiduciary, regulatory, conflicts, disclosure, portfolio, distribution, and operational risks. For the funds and pooled vehicles, the CCO must maintain direct Board-facing oversight, fund program reporting, service provider oversight, annual compliance reviews, and fund-specific regulatory controls.

Integrated compliance program leadership

Lead the combined compliance framework for USBAM and the pooled funds, ensuring each program retains its required scope, documentation, independence, reporting, and governance.

Maintain distinct but coordinated adviser and fund compliance obligations, including policies, annual reviews, risk assessments, testing, Board reporting, service provider oversight, and issue escalation.

Ensure that all open obligations have owners, due dates, evidence, escalation paths, and Board or management visibility where needed.

Administer and oversee the USBAM adviser compliance program under Rule 206(4)-7.

Oversee adviser policies and procedures, annual compliance review, risk assessment, testing, Code of Ethics, conflicts, e-communications, advertising, portfolio compliance, trading, best execution, complaints, whistle blower reporting, regulatory filings, books and records, privacy, and issue remediation.

Guide business and senior leadership on adviser‑specific risks across institutional investment activities, OCIO, fixed income, LGIPs, money market funds, securities lending, client onboarding, distribution, and any applicable enterprise changes.

Administer and oversee the compliance programs for registered investment companies and related pooled investment vehicles under Rule 38a‑1 and applicable fund governance standards.

Report to the management personnel, Boards or governing bodies on compliance program effectiveness, material compliance matters, policy updates, regulatory developments, service provider oversight, and required affirmations.

Oversee money market fund, multi‑manager fund, private liquidity pool, and LGIP compliance matters, including disclosures, Rule 2a‑7, 15(c), Board materials, service providers, distribution, portfolio compliance, and fund‑specific escalation.

Preserve CCO independence and authority…