Global Custody Network Lead

U.S. Bank; Saint Paul (MN); On-site; USD 111,000 - 135,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) plan

Paid vacation (2–5 weeks)

Parental leave

Sick leave

Job summary

U.S. Bank is seeking a Custody Network Manager to lead and optimize a global network of sub-custodian banks, cash correspondents, and market infrastructure providers across international markets.

You will oversee risk, regulatory compliance, and strategic initiatives to support growth of the Global Custody business, while partnering with Risk, Compliance, Legal, and Operations teams. This is a role for a seasoned leader in a dynamic, global environment.

Qualifications

• Bachelor’s degree in Finance, Business, Economics, or related field; advanced degree preferred.
• 5+ years of experience in Global Custody, Network Management, Securities Services, Correspondent Banking, Capital Markets, or related financial services.

Responsibilities

• Develop and manage relationships with sub-custodian banks, cash correspondents, central securities depositories, and market infrastructure providers worldwide.
• Lead RFI and RFP initiatives to identify, evaluate, and select service providers.
• Negotiate custody agreements, correspondent banking documentation, service level agreements, and fee structures.
• Oversee provider performance, financial stability, operational resilience, and regulatory standing.
• Serve as the primary escalation point for significant custody, settlement, cash, and operational issues.
• Identify opportunities to strengthen network capabilities, improve service delivery, optimize costs, and reduce risk.
• Support new market openings, business expansion initiatives, and product launches.

Skills

Global custody

Relationship management

Contract negotiations

Regulatory knowledge

Analytical thinking

Communication skills

Travel willingness

Education

Bachelor's degree in Finance, Business, Economics, or related field

Advanced degree preferred

Job description

U.S. Bank is seeking a Custody Network Manager to lead and optimize a global network of sub-custodian banks, cash correspondents, and market infrastructure providers across international markets.

You will oversee risk, regulatory compliance, and strategic initiatives to support growth of the Global Custody business, while partnering with Risk, Compliance, Legal, and Operations teams. This is a role for a seasoned leader in a dynamic, global environment.