Ascent Investment Services Associate - Minneapolis, MN
U.S. Bank
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 Ascent division of U.S. Bank’s Wealth Management Group exclusively serves a limited number of ultra‑high‑net‑worth (UHNW) clients with a net worth exceeding $75MM. The Ascent Investment Services Associate serves as the primary service and support resource for the Minneapolis Ascent team. This role supports a fast‑growing investment business and requires a background or interest in investments, strong attention to detail, and a demonstrated record of quantified achievements. The Associate works closely with senior members of the Investments team, supporting administrative and regulatory activities.
Working within delegated authority and established department guidelines, the role manages day‑to‑day client support tasks and transactions, facilitates issue resolution, and escalates items as appropriate. The Associate proactively identifies potential issues or compliance risks to support timely deliverables and a high level of client satisfaction, while developing working knowledge of assigned responsibilities and accounts through ongoing relationship support and execution of standard procedures.
Essential Functions:
- A significant part of the job will involve investment-focused activities including, but not limited to, generating performance reporting and compliance documentation.
- Support client meetings and prepare investment review books (printing, binding, shipping, etc.)
- Coordinate and track private capital subscription documentation and trade advice management.
- Support account opening documentation needs for trust, investment, and banking accounts as directed.
- Coordinate trust check deposits, tax document requests (K1s & 1099s), and statement set-up.
- Must have exceptional Excel, PowerPoint, and other Microsoft Office skills, as well as be competent with technology
- Must have keen attention to detail and be able to communicate clearly in spoken and written word
- Will proactively help the team be responsible for compliance monitoring, track account opening and funding, and will support timely client deliverables
- Executing trades
Experience and Requirements:
Basic Qualifications
- Bachelor's degree or equivalent work experience, OR
- Five or more years of relevant experience
Preferred Skills/Experience
- Excellent verbal, written, and interpersonal communication skills
- Proven customer service and problem-resolution skills
- Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications
- Sufficient understanding of departmental procedures and systems to operate with minimal supervision
- Wealth management experience working with HNW or UHNW clients, a plus
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 - $109,200.00U.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.
