Global Custody Network Leader

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

Benefits offered by this job

Healthcare (medical, dental, vision)

Retirement plan

Paid vacation

Sick leave

Parental leave

401(k) and employer-funded plan

Paid holidays

Job summary

U.S. Bank seeks an experienced Custody Network Manager to lead and optimize its global network of sub-custodian banks and market infrastructure providers across ~100 international markets.

You will oversee due diligence, risk assessments, and contract negotiations while collaborating with Risk, Compliance, Legal, Tax, Operations, and Information Security to ensure enterprise standards. This role requires travel and strong client‑facing skills.

Qualifications

• Bachelor’s degree in Finance, Business, Economics, or a related field required; advanced degree preferred.
• 5+ years of experience in Global Custody, Network Management, Securities Services, Correspondent Banking, Capital Markets, or related financial services.
• Fluency in English; additional languages preferred.
• Willingness to travel domestically and internationally (approximately 10%).

Responsibilities

• Develop and manage relationships with sub-custodian banks, cash correspondents, central securities depositories, and other market infrastructure providers worldwide.
• Lead RFI and RFP initiatives to identify, evaluate, and select best-in-class 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

Fluency in English

Travel willingness

Education

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

Advanced degree preferred

Job description

U.S. Bank seeks an experienced Custody Network Manager to lead and optimize its global network of sub-custodian banks and market infrastructure providers across ~100 international markets.

You will oversee due diligence, risk assessments, and contract negotiations while collaborating with Risk, Compliance, Legal, Tax, Operations, and Information Security to ensure enterprise standards. This role requires travel and strong client‑facing skills.