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

Shape your future – and ours

U.S. Bank is hiring a Custody Operations Manager to support our Federal Settlements team within Custody Operations. The team works with variety of different systems such as Trust 3000, SWP, and STS Lighthouse. The team works with our trade clients on all Federal Settlements related. They ensure policies and procedures are meeting requirements and posting trades for our clients.

Some responsibilities included but not limited to:

• Manage end to end securities settlement process for U.S. Treasury

• Team ensures accurate and timely processing of versus payment transactions

• Oversee daily settlement cycles, monitors fails, and manage exceptions processing to minimize settlement risk and exposure

• Reconcile settlement activity and positions to ensure alignment between internal systems and Federal Reserve settlement

Schedule: Monday - Friday 8:00am - 5:00pm

Location: Hybrid 3+ days in office at West Side Flats Saint Paul

Basic Qualifications

• Bachelor's degree in accounting or finance, or equivalent work experience

• Three to five years of experience in trust and securities operational functions

• Three to five years of management experience

Preferred Skills/Experience

• Thorough knowledge of trust and securities operational functions, systems Trust 3000, SWP, STS Lighthouse, procedures, products and services

• Understanding post-trade processes, trade lifecycle and regulatory requirements

• Thorough knowledge and understanding of legal, regulatory and accounting principles which directly affect Wealth Management & Securities Services business lines and clients

• Well-developed analytical, problem-solving, organizational and project management skills

• Effective interpersonal, verbal and written communication skills

• Excellent supervisory and management skills, including a well-developed knowledge of human resources

• Ability to manage multiple, unrelated tasks

• Additional one to three years' experience managing Managers preferred

Location Expectations

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

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.