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 Alternative Investments Middle Office – Operations Associate works as part of a team responsible for providing middle and back office services to investment companies and their advisors. In today’s complex and dynamic environment, our clients demand to be served by professionals who understand their products, strategies and industry. We work with clients to provide them with the expertise, tools, and information that they need to focus on growing their investments while we work with their custodians, prime brokers and trading counterparties to ensure their assets are settled and reconciled.

The Operations Associate provides middle and back office support to hedge funds and asset management firms. This is not a front office/trading position. This is a challenging position that provides excellent career opportunities within a growing business line.

Key responsibilities include:

• Trade capture into portfolio accounting system
• Confirmation of trades with third parties (executing brokers, custodians, prime brokers, Repo/TBA/ISDA counterparties)
• Ensuring accurate and timely trade settlements
• Reconciliation of trades, investment positions and cash balances to external third parties (banks, prime brokers, counterparties)
• Resolution of trade breaks
• Knowledge of client portfolios related to daily margin calls
• Facilitate payments related to client trade settlements, margin and all deal fundings
• Corporate actions monitoring and processing with emphasis on P&I entitlements

Basic Qualifications
- Bachelor's degree in Accounting, Finance or a business-related field, or equivalent work experience
- Two to five years of related experience, preferably in portfolio/partnership accounting

Preferred Skills/Experience

- Knowledge of Securities Settlements (heavy Fixed Income, Equities, Derivatives)

- Experience with cleared and bi-lateral derivates life cycle and confirmation processes

- Knowledge of Prime Broker/Custodian portals

- Knowledge in reconciliation, reporting, and analysis
- Ability to identify and resolve/escalate complex problems with minimal guidance
- Ability to manage multiple tasks/projects and deadlines simultaneously
- Effective interpersonal, verbal and written communication skills
- Proficient computer navigation skills using a variety of software packages including Microsoft Office applications

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 (some may vary based on role, location or hours):

• 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

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.

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: $78,965.00 - $92,900.00 - $102,190.00Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.