PFMAM Director - Minnesota

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 PFM Asset Management (PFMAM), a division of U.S. Bancorp Asset Management (USBAM), is seeking a Director of Institutional Sales & Relationship Management to lead and expand its Minnesota and Upper Midwest business. This senior leadership role is responsible for driving asset growth, strengthening relationships across public sector and institutional clients, and overseeing a high-performing team of business development officers and relationship managers.

The Director will play a key role in shaping regional strategy, advancing multi-product solutions (including liquidity, SMA, and OCIO), and partnering with cross-functional and executive leadership to support long-term growth.

Key Responsibilities Lead, coach, and develop a team of institutional sales and relationship management professionals, establishing clear performance expectations and fostering a high-performing, client-focused culture

Develop and execute regional sales and growth strategies aligned with firm objectives, with accountability for revenue generation, asset growth, and market penetration

Identify, qualify, and pursue new business opportunities while expanding and retaining an established client base Serve as a senior relationship manager for key institutional clients and strategic prospects, including public entities, and lead high-impact presentations to governing boards and investment committees

Leverage deep knowledge of PFMAM’s investment capabilities (LGIPs, SMA, OCIO, liquidity solutions) to deliver tailored solutions and support client needs

Oversee pipeline management, including tracking, forecasting, and performance reporting, while ensuring disciplined sales practices across the team Partner with investment, product, marketing, client service, and operations teams to ensure seamless client onboarding, delivery, and ongoing relationship management

Ensure adherence to compliance, legal, and risk standards, including supervisory responsibilities where applicable

Represent PFMAM at industry events, conferences, and client forums to strengthen brand presence and develop relationships

Provide market insights and client feedback to inform product development, marketing strategy, and thought leadership initiatives

Basic Qualifications
- Typically a bachelor's degree or equivalent experience
- Experience in portfolio management, sales, marketing, or relationship management with institutional clients (Business to Business environment)- Must be FINRA series 6 or 7, 63 licensed or complete 6 or 7, 63 testing within 120 days of start date
- Typically has 10 or more years of experience

Preferred Skills/Experience 5+ years of people leadership or team management experience

Extensive experience working with public sector clients, particularly Minnesota local governments

Strong knowledge of institutional asset management solutions, including LGIPs, fixed income, SMA, and OCIOProven track record of leading teams to achieve revenue and asset growth targets

Demonstrated success operating in a matrixed organization and influencing cross-functional partners

Excellent presentation, communication, and executive presence

Strong analytical, strategic thinking, and problem-solving skillsCFA…