1940 Act Paralegal 2

U.S. Bank
Jul 16, 2017
Jul 21, 2017
Employer Type
Direct Employer
Employment Type
Full Time
At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we?re one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.


Paralegals who work with client mutual funds registered under the Investment Company Act of 1940 (?1940 Act?) have direct interaction with multiple clients on a daily basis. 1940 Act Paralegals serve all client needs, and under general supervision will handle the following:

+ preparation of registration statements and/or other regulatory filings required under the 1940 Act, Securities Act of 1933 and Securities Exchange Act of 1934;

+ preparation of drafts of regulatory documents for various mutual funds, exchange traded funds and closed-end funds for filing with the U.S. Securities and Exchange Commission (?SEC?), including Forms N-1A, N-2, N-PX, XBRL and N-14;

+ reviewing and signing off on EDGAR versions of regulatory filings prior to them being sent to the SEC;

+ working with attorneys to plan and prepare for the respective fund board and shareholder meetings;

+ attending and taking minutes at client board and shareholder meetings;

+ drafting and distributing legal documents, communications, resolutions, board meeting minutes, correspondence, and proxy statements;

+ conducting legal research and compiling data for attorneys, clients, and firm personnel from various sources;

+ monitoring and reporting on regulatory initiatives promulgated by various regulatory agencies such as the SEC and Financial Industry Regulatory Authority (?FINRA?);

+ developing and implementing department processes and policies;

+ training and mentoring new 1940 Act Paralegals on department policies and procedures; and

+ providing direction to and overseeing the day-to-day projects of EDGARfilers.

Many of these duties involve working directly with internal counsel, external fund counsel, internal compliance administrators, financial printers, external auditors and mutual fund investment advisers. Each of these duties must be accomplished according to timelines which candidate will create, monitor adherence to, and maintain. 1940 Act Paralegals also work on additional projects/duties as assigned.



+ Energetic self starter, goal oriented, strong organizational and proofreading skills, excellent communication and interpersonal skills (both oral and written), and above average drafting/writing skills.

+ Resourcefulness in problem-solving and ability to research applicable rules and regulations a necessity.

+ Ability to establish priorities and work concurrently on a variety of projects is essential.

+ Position requires the ability to work well independently and as part of a group, often within time constraints.

+ Strong computer skills required, including excellent typing skills, in depth understanding of Microsoft Office Suite including Word and Excel, as well as other software programs necessary for job performance.

+ Two or more years of paralegal experience, ideally in a mutual fund or other corporate financial services or law firm environment with exposure to securities matters, desired. Knowledge of SEC and FINRA rules applicable to mutual funds a plus.

+ College graduate and certificate in paralegal studies from an acceptable institution desired, though will consider level of previous paralegal experience in lieu of paralegal certificate.

+ Minimum of an associate?s degree required.

+ Some evenings and weekends may be required.

**Job:** Legal

**Primary Location:** United States

**Shift:** 1st - Daytime

**Average Hours Per Week:** 40

**Requisition ID:**

**Other Locations:** Wisconsin-WI-Milwaukee