Head of Private Markets

Head Of Private MarketsAt 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 atall from Day One.The Head Of Private Markets is a senior leadership role within the Alternative Investment Services business. The role is responsible for strategic oversight, operational excellence, growth agenda and client delivery of fund administration services supporting private markets (equity, credit, infrastructure and real estate), which includes accounting, investor allocation, reporting and waterfall calculations. This role leads multi?layered teams, partners closely with investment managers and institutional clients, and ensures regulatory compliance, scalability, and best?in?class service delivery across complex fund structures.The Head Of Private Markets has P&L responsibilities and acts as a trusted advisor to clients and senior stakeholders, driving operational strategy while balancing risk management, talent development, and business growth.Essential Functions:Set and execute the growth strategy for private markets, aligned to overall business and U.S. Bank objectives.Serve as a senior leader for the private markets fund services platform, contributing to enterprise?wide operational and growth initiatives.Partner with Sales, Relationship Management, Product, and other enabling functions to enhance service offerings and scalability.Private Markets Oversight:Provide oversight of end?to?end fund administration activities, including:NAV calculation and reportingCapital calls, distributions, and investor allocationsPortfolio accounting for private markets instrumentsManagement fee and carried interest calculationsFinancial statements and audit coordinationEnsure accurate, timely, and compliant reporting, disclosures and regulatory oversight across multiple private credit and equity, infrastructure, and real estate strategies/verticalsOversee onboarding of new mandates, complex fund launches, restructures, and lifecycle events.Client Relationship Partnership:Act as a trusted advisor and develop relationships with clients and centers of influence in the industry.Execute on growth agenda by deepening relationships with existing clients and offer executive guidance on prospectingAct as the primary executive sponsor for key private markets in partnership with aligned Relationship Managers, as well as other business leaders (e.g., CLO, custody).Ensure consistent service level across clients, and geographies (e.g., US and Europe) and proactively manage client satisfaction, issue resolution, and service model evolution.Organizational Leadership & Transformation:Lead, develop, and inspire senior leaders and global/fund teams supporting private markets operations.Build a strong bench of talent through succession planning, coaching, and performance management.Foster a culture of accountability, collaboration, and continuous improvement.Sponsor and execute on transformation programs, operational efficiency initiatives, and technology enablement.Implement enhancements to fund accounting platforms and reporting tools, and ensure appropriate technology solutions are implemented through partnership with technology and business resourcesRisk, Governance & Regulatory Compliance:Ensure strong governance, internal controls, and adherence to regulatory requirements.Partner with Risk, Compliance, and Audit teams to address findings and strengthen control environments.Anticipate regulatory and market changes impacting private fund administration.It is the individual responsibility of every employee to maintain a current awareness and understanding of and to fully comply with U.S. Bancorp's "Code of Ethics". Each employee is expected to maintain an awareness of the laws, regulations, internal policies and procedures that are appropriate for his/her position.Specifics:This is a general description which covers all levels/grades of the job. Level/grade assignments are determined by the attached leveling guidelines. Minimum qualifications are outlined below:Demonstrated expertise in private market with a strong understanding of accounting, finance, and investment principles, including fund structures, portfolio management, and credit risk. Highly proficient in leveraging data, analytics, and technology tools, including Microsoft Office and financial systems to drive informed decision?making and operational oversight.The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.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.Benefits:Healthcare (medical, dental, vision)Basic term and optional term life insuranceShort-term and long-term disabilityPregnancy disability and parental leave401(k) and employer-funded retirement planPaid vacation (from two to five weeks depending on salary grade and tenure)Up to 11 paid holiday opportunitiesAdoption assistanceSick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by lawU.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $214,795.00 - $252,700.00U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.Posting may be closed earlier due to high volume of applicants.