Job Description
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 (Private Equity, Private Credit, Real Estate, and Infrastructure), 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.
Accountabilities
Executive Leadership & Strategy
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 reporting
Capital calls, distributions, and investor allocations
Portfolio accounting for private markets instruments
Management fee and carried interest calculations
Financial statements and audit coordination
Ensure accurate, timely, and compliant reporting, disclosures and regulatory oversight across multiple private credit and equity strategies/verticals
Oversee 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 prospecting
Act 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 resources
Risk, 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.
Experience & Qualifications
Bachelor's degree required; advanced degree (MBA, MSF)
Professional certification - CPA preferred.
15+ years of experience in fund administration, asset servicing, or investment operations, with significant focus on private markets or alternative investments.
Proven experience leading large, complex teams and managing senior client relationships.
Deep understanding of private credit and equity products, fund structures, and lifecycle events.
Strong knowledge of regulatory, accounting, and operational risk frameworks.
Demonstrated ability to lead through change and scale operations in a growing business.
Leadership Competencies
Strategic and enterprise mindset
Strong executive presence and communication skills
Client-centric, solutions-oriented approach
Ability to balance risk management with commercial outcomes
Proven people leader with a focus on development and engagement
Accessibility
We are committed to providing an inclusive and accessible recruitment experience.
If you need adjustments at any stage of the application or hiring process, please contact your recruiter for guidance and support.
Total Rewards
U.S. Bank is committed to fair, equitable, and transparent compensation practices in line with local regulatory and legal requirements.
Our total rewards approach is designed to attract, retain, and support top talent while ensuring equal pay for work of equal value.
We offer a market-competitive compensation package that includes:
Clearly defined salary ranges
aligned with industry benchmarks and internal equity standards.
Performance-based incentives
for eligible employees (as defined by relevant plan rules), awarded through transparent, objective criteria that recognize both individual and company performance.
Inclusive equitable benefits
that are accessible to all employees and focused around our 3 main pillars of financial wellbeing, health & wellness).
Continuous development opportunities
including training, education support, and career progression pathways based on inclusive and transparent criteria.
Employee recognition programs
that celebrate achievements and milestones for all.
We regularly review our compensation and benefits to ensure they remain competitive, inclusive, and responsive to employee needs and market trends.
Further details of the compensation package will be provided upon application.
We encourage candidates to explore the full value of our offer, including monetary and non-monetary benefits.
Closing Date
Posting may be closed earlier due to high volume of applicants.
We aim to provide timely updates throughout the process and encourage early applications to ensure consideration.
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