Mutual Fund Solutions

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  • Risk Management & Compliance Services

    graphs and chartsOur Risk Management and Compliance team supports chief compliance officers and oversees compliance across our operations.

    The CCO Support team works closely with each business line to ensure that policies and procedures are adequate and effective. The Risk Management and Compliance team is your resource for providing information about our compliance program and acts as a liaison between your CCO and U.S. Bank Global Fund Services.

    We maintain multiple levels of oversight of compliance and regulatory requirements for our fund clients. Each of these areas contributes to our overall regulatory compliance, including issue identification, analysis, service application, client application, client notification, client consulting and support, and board meeting review and support.

    Our compliance infrastructure is subject to inspection and examination by the following entities
    • OCC
    • SEC
    • FINRA
    • U.S. Bancorp Internal Audit
    • U.S. Bancorp Enterprise Risk Management
    • U.S. Bancorp Corporate Compliance
    • External auditors (SSAE 16, agreed upon procedure and management assertion reports)
    • U.S. Bank Global Fund Services Risk Management and Compliance (Rule 38a-1 testing and oversight)
    • U.S. Bank Global Fund Services business line Quality Assurance and Quality Control teams