Custody Operations Specialist - Wealth Operations

US Bank; Saint Paul (MN); Hybrid; USD 60,000 - 80,000; Full time

Job summary

An established industry player is seeking a Custody Operations Specialist to join their Corporate Trust Operations department. This role offers a dynamic work environment where you will manage transactions, reconcile accounts, and ensure the accuracy of financial operations. With a focus on customer relations and problem-solving, you'll play a vital role in supporting the team and contributing to the financial success of clients. The company promotes a hybrid work schedule, allowing flexibility while maintaining an in-office presence. Join a team dedicated to helping customers make smarter financial decisions and thrive in their communities.

Benefits

Healthcare (medical, dental, vision)

401(k) and employer-funded retirement plan

Paid vacation

Short-term and long-term disability

Adoption assistance

Sick and Safe Leave accruals

Qualifications

• Two or more years of relevant experience in operations.
• Basic understanding of regulatory and accounting principles.

Responsibilities

• Processes transactions and maintains various accounts.
• Ensures accuracy and completeness of transactions.

Skills

Analytical Skills

Problem-Solving

Customer Relations

Communication Skills

Multitasking

Education

Associate's Degree

Equivalent Work Experience

Tools

Microsoft Office

Job description

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

Your journey starts now

U.S. Bank is hiring a Custody Operations Specialist to join the Corporate Trust Operations department. This individual will be specifically aligned with our Product Operations team.

Some responsibilities include but not limited to

• Processes transactions, reconciles and maintains various accounts and ledgers.

• Transactions processed and maintained may include accounts payable, journal vouchers, vendor invoices, expense reimbursements, ledgers, statements, billings, and/or other accounting documents.

• Ensures accuracy, completeness, and timeliness of transactions processed.

• Conducts research on discrepancies and makes appropriate corrections or adjustments.

• Responds to and resolves inquiries.

• Posts data and/or checks and verifies data.

• Runs and prepares routine financial reports and analyses.

Schedule: Monday - Friday 8:00am - 4:30pm CST

Location: West Side Flats; Saint Paul, MN

Basic Qualifications

• Associate's degree, or equivalent work experience

• Two or more years of relevant experience

Preferred Skills/Experience

• Basic understanding of regulatory and accounting principles which directly affect Wealth Management & Investment Services business lines and clients

• Ability to quickly learn custody operational functions, systems, procedures, various products and/or services, for assigned area(s)

• Ability to multitask and meet established deadlines in a dynamic work environment

• Demonstrated analytical, problem-solving, decision-making, and organizational skills

• Effective customer relations, interpersonal, and verbal and written communication skills

• Proficient computer navigation skills using a variety of software packages including Microsoft Office applications

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 ourdisability 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 theE-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: $24.18 - $32.21 - $35.43

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.