PFMAM Director - Minnesota

About this role

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 PFM Asset Management (PFMAM), a division of U.S. Bancorp Asset Management (USBAM), is seeking a Director of Institutional Sales & Relationship Management to lead and expand its Minnesota and Upper Midwest business. This senior leadership role is responsible for driving asset growth, strengthening relationships across public sector and institutional clients, and overseeing a high-performing team of business development officers and relationship managers. The Director will play a key role in shaping regional strategy, advancing multi-product solutions (including liquidity, SMA, and OCIO), and partnering with cross-functional and executive leadership to support long-term growth.

Key Responsibilities • Lead, coach, and develop a team of institutional sales and relationship management professionals, establishing clear performance expectations and fostering a high-performing, client-focused culture

• Develop and execute regional sales and growth strategies aligned with firm objectives, with accountability for revenue generation, asset growth, and market penetration

• Identify, qualify, and pursue new business opportunities while expanding and retaining an established client base

• Serve as a senior relationship manager for key institutional clients and strategic prospects, including public entities, and lead high-impact presentations to governing boards and investment committees

• Leverage deep knowledge of PFMAM’s investment capabilities (LGIPs, SMA, OCIO, liquidity solutions) to deliver tailored solutions and support client needs

• Oversee pipeline management, including tracking, forecasting, and performance reporting, while ensuring disciplined sales practices across the team

• Partner with investment, product, marketing, client service, and operations teams to ensure seamless client onboarding, delivery, and ongoing relationship management

• Ensure adherence to compliance, legal, and risk standards, including supervisory responsibilities where applicable

• Represent PFMAM at industry events, conferences, and client forums to strengthen brand presence and develop relationships

• Provide market insights and client feedback to inform product development, marketing strategy, and thought leadership initiatives

Basic Qualifications - Typically a bachelor's degree or equivalent experience - Experience in portfolio management, sales, marketing, or relationship management with institutional clients (Business to Business environment) - Must be FINRA series 6 or 7, 63 licensed or complete 6 or 7, 63 testing within 90 days of start date - Typically has 10 or more years of experience

Preferred Skills/Experience • 5+ years of people leadership or team management experience

• Extensive experience working with public sector clients, particularly Minnesota local governments

• Strong knowledge of institutional asset management solutions, including LGIPs, fixed income, SMA, and OCIO

• Proven track record of leading teams to achieve revenue and asset growth targets

• Demonstrated success operating in a matrixed organization and influencing cross-functional partners

• Excellent presentation, communication, and executive presence

• Strong analytical, strategic thinking, and problem-solving skills

• CFA designation and/or MBA preferred

• FINRA Series 24 (or the ability to obtain) strongly preferred for supervisory responsibilities

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 additio

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