URE does not hide this admin bar menu item by default.
Add this code to your active theme functions.php file or setup it as a must-use plugin to change default behavior:
add_filter('ure_do_not_remove_from_admin_bar', 'ure_do_not_remove_from_admin_bar', 10, 1);
function ure_do_not_remove_from_admin_bar( $exclusions ) {
foreach( $exclusions as $key=>$item ) {
if ( $item==='edit-profile' ) {
unset( $exclusions[$key] ) ;
break;
}
}
return $exclusions;
}