Municipal Middle Office

US Bank; Charlotte (NC); Sur place; USD 70 000 - 110 000; Plein temps

Avantages offerts par ce poste

Healthcare

401(k) and employer-funded retirement

Paid vacation

11 paid holidays

Adoption assistance

Disability coverage

Résumé du poste

U.S. Bank seeks a Municipals Product Group Middle Office Associate to provide day-to-day post-trade support for municipal securities. You will partner with Trading, Sales, Operations, Finance, Technology, and counterparties to ensure accurate processing and settlement from trade execution to P&L validation.

The role requires detailed knowledge of the trade lifecycle and a proactive approach to risk, controls, and process improvements in a fast-paced trading environment.

Qualifications

• Bachelor's degree or equivalent combination of education and relevant work experience.
• 3–5 years of experience in capital markets, fixed income trading support, middle office, operations, or related financial services environment.
• Experience with Bloomberg or similar trade entry platforms is required.
• Direct experience with MSRB reporting requirements, rules, and regulations is required.
• Understanding of municipal products, capital markets, secondary activities, and trade lifecycle management is preferred.

Responsabilités

• Support the post-trade processing lifecycle for Muni transactions from execution through settlement.
• Serve as a primary point of contact between trading, sales, operations, finance, and external counterparties.
• Monitor and resolve trade exceptions, settlement discrepancies, and reconciliation breaks in a timely manner.
• Validate trade allocations, trade economics, and position accuracy across internal systems.
• Assist with daily profit and loss (P&L) reconciliation and reporting processes.
• Support new issue syndicate transactions, including order management, allocations, and settlement coordination.
• Participate in the development and enhancement of operational controls, procedures, and process improvements.
• Identify operational risks and escalation issues appropriately to management.

Connaissances

Attention to detail

Analytical thinking

Problem solving

Communication

Formation

Bachelor's degree or equivalent

Outils

Bloomberg

Description du poste

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 Municipals Product Group Middle Office Associate is responsible for providing day-to-day middle office support for U.S. Bancorp Investments Inc.'s the MPG secondary trading and sales businesses.

The successful candidate will partner closely with Trading, Sales, Operations, Finance, Technology, and external counterparties to ensure the accurate processing and settlement of fixed income transactions. Direct experience in and understanding of entire trade lifecycle from trade execution, trade capture, allocations, confirmations, settlement management, reconciliations, exception resolution, and P&L validation is a must.

This role requires a highly organized, detail-oriented professional who is comfortable working in a dynamic, deadline-driven trading environment. The ideal candidate will demonstrate strong analytical and problem-solving skills, a willingness to challenge and improve existing processes, and the ability to manage multiple priorities simultaneously while maintaining an exceptional degree of accuracy.

Primary Responsibilities:

• Support the post-trade processing lifecycle for Muni transactions from execution through settlement.
• Serve as a primary point of contact between trading, sales, operations, finance, and external counterparties.
• Monitor and resolve trade exceptions, settlement discrepancies, and reconciliation breaks in a timely manner.
• Validate trade allocations, trade economics, and position accuracy across internal systems.
• Assist with daily profit and loss (P&L) reconciliation and reporting processes.
• Support new issue syndicate transactions, including order management, allocations, and settlement coordination.
• Participate in the development and enhancement of operational controls, procedures, and process improvements.
• Identify operational risks and escalation issues appropriately to management.
• Contribute to strategic initiatives focused on automation, scalability, and operating efficiency.
• Maintain a strong control environment while delivering a high level of service to both internal and external stakeholders.

Basic Qualifications:

• Bachelor's degree or equivalent combination of education and relevant work experience.
• Direct experience with MSRB reporting requirements, rules, and regulations.
• 3 - 5 years of experience in capital markets, fixed income trading support, middle office, operations, or a related financial services environment.
• Experience with Bloomberg or similar trade entry platforms is required.

Preferred Qualifications:

• Understanding of municipal products, capital markets, secondary activities, and trade lifecycle management.
• Experience supporting MPG sales, trading, or operations functions.
• Exceptional analytical and problem-solving capabilities with exceptional attention to detail.
• Ability to manage multiple priorities and operate effectively in a fast-paced, deadline-driven environment.
• Strong verbal and written communication skills with the ability to interact effectively across business and operational teams.
• Experience investigating and resolving operational breaks and exceptions.
• Advanced proficiency in Microsoft Excel and other Microsoft Office applications.
• Familiarity with Municipal trading platforms and market data are beneficial.
• FINRA SIE, Series 7 or 52, and Series 63 licenses, or willingness to obtain required licenses within 120 days of hire.
• Demonstrated interest in process improvement, operational excellence, and automation initiatives.
• General understanding of various AI tools and application to promote efficiencies.

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:

• 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
• Si