Research/Due Diligence 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 Manager Research & Due Diligence Analyst supports the investment and operational due diligence process for global equities solutions within an OCIO framework. This role is responsible for supporting manager research, ongoing monitoring, reporting, and portfolio implementation activities while developing investment research expertise and manager evaluation capabilities.

 

Key Responsibilities

• Support quantitative and qualitative analysis of investment managers, including evaluation of performance, portfolio characteristics, risk metrics, and investment process consistency.
• Assist with operational due diligence reviews across business operations, compliance, valuation practices, technology infrastructure, and service providers.
• Support portfolio construction and manager implementation decisions within a multi-asset OCIO framework.
• Maintain ongoing monitoring of approved managers through periodic reviews, event-driven updates, and watch list tracking.
• Prepare manager scorecards, research summaries, due diligence reports, and other supporting materials.
• Participate and lead in manager meetings, conduct follow-up research, and document key findings.
• Collaborate with investment, portfolio management, risk, compliance, operations, and client-facing teams.
• Monitor market developments, economic conditions, and trends affecting covered strategies and managers.
• Support the development of manager research themes, investment recommendations, and special research initiatives through ongoing analysis and data collection.
• Update and analyze manager performance, risk statistics, peer group comparisons, and portfolio characteristics.
• Assist and in some instances lead the preparation of investment and operational due diligence assessments on prospective and approved managers.
• Draft due diligence reports, manager scorecards, research notes, investment memoranda, and materials for investment committee reviews.
• Maintain organized documentation and ensure due diligence records remain current and well documented.
• Support process improvement initiatives and AI-enabled research workflow enhancements.
• Participate in professional development opportunities and continue building expertise across traditional asset classes and manager research disciplines.

Basic Qualifications

• Bachelor's degree or equivalent experience.
• 3 to 5 years of relevant experience in manager research, due diligence, investment analysis, consulting, OCIO, wealth management, institutional investing, or related investment environments.

Preferred Skills/Experience

• Progress toward or attainment of a CFA, CAIA, FRM, or other relevant investment designation.
• Experience analyzing traditional asset classes with an emphasis on domestic and international equities.
• Exposure to manager selection, investment research, performance analysis, portfolio analytics, or institutional investment consulting.
• Knowledge of performance attribution, peer analysis, and manager evaluation methodologies.
• Strong quantitative, analytical, critical thinking, and problem-solving skills.
• Excellent written and verbal communication skills, including the ability to prepare research reports, due diligence assessments, investment memoranda, and presentations.
• Ability to synthesize large volumes of information and identify key investment themes and insights.
• Experience collaborating with internal stakeholders and external investment managers.
• Proficiency with Microsoft Excel, PowerPoint, Word, and investment research platforms such as FactSet, Bloomberg, or eVestment.
• Strong organizational skills with the ability to manage multiple priorities and deadlines.
• Experience leveraging AI and automation tools to support research, monitoring, reporting, and data analysis activities.
• Demonstrated commitment to ongoing professional development and investment education.
• Ability to work independently while contributing effectively within a collaborative team environment.

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

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: $92,820.00 - $109,200.00

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.