USBAM Senior Research Analyst

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

The Senior Manager, Manager Research & Due Diligence Analyst is responsible for leading the end-to-end investment and operational due diligence process across primarily traditional strategies, including equities, fixed income, and multi-asset solutions within an OCIO framework. This role develops forward-looking manager convictions, supports portfolio implementation decisions, and ensures ongoing monitoring through a structured research and governance process.

Core Responsibilities

• Lead quantitative and qualitative underwriting of investment managers, including evaluation of performance drivers, portfolio construction, risk management, and process consistency.

• Conduct operational due diligence across business operations, compliance frameworks, valuation practices, technology infrastructure, and service providers.

• Support portfolio construction and manager implementation within a multi-asset OCIO framework.

• Maintain ongoing monitoring of approved managers through formal reviews, event-driven reassessments, and watch list oversight.

• Prepare investment committee materials, manager evaluations, scorecards, and strategic recommendations.

• Collaborate with internal investment, portfolio management, risk, compliance, and client teams.

• Mentor junior analysts and contribute to the ongoing enhancement of research frameworks and due diligence processes.

Asset Class Expertise & Strategic Leadership

• Serve as a recognized subject matter expert across traditional asset classes, delivering internal investment updates, client presentations, market outlooks, and strategic positioning insights.

• Act as a market strategist within assigned asset class coverage, maintaining differentiated perspectives on macroeconomic conditions, valuation environments, and market cycles.

• Translate market developments into actionable manager research themes and investment recommendations for internal stakeholders and clients.

• Demonstrate expertise through published market commentary, white papers, presentations, or a track record of influencing investment outcomes.

• Represent the firm externally as a trusted investment strategist and thought leader.

Basic Qualifications

• Bachelor’s degree in Finance, Economics, Business, or related discipline required; advanced degree preferred.

• 8–12+ years of relevant experience in manager research, due diligence, investment strategy, OCIO, consulting, or multi-asset investment environments.

• Direct experience analyzing traditional asset classes, including equities and fixed income; multi-asset experience preferred.

Preferred Skills/Experience

Professional Credentials & Expertise

• CFA strongly preferred; CAIA, FRM, or other relevant investment certifications considered a plus.

• Strong analytical capabilities combining both quantitative and qualitative methods, including performance attribution, manager evaluation, peer analysis, and portfolio construction assessment.

• Experience performing operational due diligence and evaluating operational, compliance, and business risk factors associated with investment managers.

• Proven ability to influence investment discussions and deliver well-supported recommendations to senior stakeholders and investment committees.

• Exceptional written, verbal, and presentation skills, with the ability to clearly communicate complex investment concepts.

Strategist & Subject Matter Expertise

• Demonstrated expertise within a traditional asset class supported by published research, market commentary, speaking engagements, or measurable contributions to investment decisions.

• Ability to develop differentiated market views and connect macroeconomic developments to manager selection and portfolio construction.

• Strong executive presence with the ability to present effectively to institutional clients, advisors, investment committees, and external audiences.

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:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here ( .

U.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.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program ( .

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: $105,400.00 - $124,000.00

U.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.