Fund Custody Account Manager

Usbank; Philadelphia (Philadelphia County); On-site; USD 67,000 - 78,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

Life insurance

Disability insurance

Parental leave

401(k)

Vacation

Paid holidays

Adoption assistance

Sick leave

Job summary

U.S. Bank Global Fund Services is seeking a Fund Custody Account Manager to support our Global Fund Custody team, owning day-to-day custody account administration, monitoring cash positions, and delivering timely reporting for clients.

The role collaborates with internal teams and external stakeholders to resolve securities issues, prepare management reports, and ensure service level commitments in a fast-paced, client-focused environment; a bachelor's degree and 3–5 years of experience are

Qualifications

• Bachelor’s degree, or equivalent work experience
• Three to five years of experience in securities operations, accounting, trade processing and customer service activities
• Some knowledge of trust and securities operational functions, systems, procedures, various products and/or services supported by the assigned area(s)
• Basic knowledge of regulatory and accounting principles
• Strong analytical, problem-solving, decision-making, and organizational skills
• Ability to perform multiple tasks concurrently and meet established deadlines in a dynamic team work environment
• Strong customer relations, interpersonal, and verbal and written communication skills
• Proficient computer navigation skills using a variety of software packages including Microsoft Office applications

Responsibilities

• Serve as one of the client's primary contacts, delivering a high level of customer service.
• Manage daily account administration with focus on daily and future cash positions.
• Create and deliver reporting documents to external customers within established timeframes.
• Prepare and develop reports for management.
• Respond to inquiries and coordinates resolution regarding securities issues from internal and external customers, management, internal and external auditors, and regulatory authorities.
• Adhere to strict business line Service Level Agreements.

Skills

Customer service

Analytical skills

Written communication

Interpersonal skills

MS Office

Education

Bachelor’s degree

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

U.S. Bank Global Fund Services is seeking a future team member for the role of Fund Custody Account Manager to support our Global Fund Custody team.

In this role, you’ll be a key partner to clients and a go-to resource for our Global Fund Custody team—owning day-to-day custody account administration, monitoring cash positions, and delivering timely, high-quality reporting. You’ll collaborate across internal teams and with external stakeholders to resolve securities-related inquiries, support management reporting, and consistently meet service-level commitments in a fast-paced, client-focused environment.

Our Fund Custody Account Managers manage the administration of Fund Custody accounts of various sizes with a high level of expertise consistent with governing document requirements, regulatory guidelines and policies and procedures.

Job Description:

• Serve as one of the client's primary contacts, delivering a high level of customer service.

• Manage daily account administration with focus on daily and future cash positions.

• Create and deliver reporting documents to external customers within established timeframes.

• Prepare and develop reports for management.

• Respond to inquiries and coordinates resolution regarding securities issues from internal and external customers, management, internal and external auditors, and regulatory authorities.

• Adhere to strict business line Service Level Agreements.

Basic Qualifications:

• Bachelor’s degree, or equivalent work experience

• Three to five years of experience in securities operations, accounting, trade processing and customer service activities

Preferred Experience/Qualifications:

• Some knowledge of trust and securities operational functions, systems, procedures, various products and/or services supported by the assigned area(s)

• Basic knowledge of regulatory and accounting principles

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

• Ability to perform multiple tasks concurrently and meet established deadlines in a dynamic team work environment

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

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

• Microsoft Office applications

Schedule: Full-time Monday through Friday from 8 am to 5 pm

Location: 3 or more days in one of the listed office locations

This position is not eligible for visa sponsorship.

This role requires working from a U.S. Bank location three (3) or more days per week.

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 (https://careers.usbank.com/global/en/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 (https://careers.usbank.com/global/en/benefits/us) .

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 (https://careers.usbank.com/verification-of-eligibility-for-employment) .

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: $66,640.00 - $78,400.00

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.