Personal Trust Initial Closing Specialist

U.S. Bank; Saint Paul (MN); On-site; USD 35,000 - 47,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

Life insurance

Short-term and long-term disability

Parental leave

401(k) and retirement savings plan

Paid vacation

Paid holidays

Adoption assistance

Sick leave

Job summary

U.S. Bank is seeking a Personal Trust Initial Closing Specialist to support Wealth Management client accounts and products, handling account setup, maintenance, and compliance with service levels.

This role requires accuracy, strong organizational skills, and the ability to work within a collaborative team. The position involves processing securities, coordinating tasks across teams, and applying regulatory and accounting principles to protect client interests, with on-site work in Minnesota and

Qualifications

• Requires a Bachelor's degree or an Associate's degree with 4+ years of relevant experience.
• Preference for knowledge of regulatory and accounting principles affecting Wealth Management clients.

Responsibilities

• Provide operational support and processing for Wealth Management client accounts and products.
• Set up securities and perform asset-level maintenance with supervision as needed.
• Coordinate multiple duties, meet SLAs, and ensure compliance with department policies.

Skills

Regulatory knowledge

Custody operations

Multitasking

Analytical skills

Customer relations

MS Office proficiency

Education

Bachelor's degree

Associate's degree with 4+ years of 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

The Personal Trust Initial Closing Specialist is responsible for the operational support and processing of Wealth Management client accounts and products of various types and sizes established by clients for various purposes. Accountable for setting up securities, general account and asset level maintenance with some level of supervision. Responsibilities have various levels of risk correlating to the type and size of account or product. Effectively and accurately coordinate, manage and complete multiple duties and assignments concurrently and within acceptable timelines. Understands and achieves established Service Level Agreements. Accountable for compliance with established department policies and procedures.

Basic Qualifications

• Bachelor's degree, or equivalent work experience OR
• Associate's degree and four or more years of relevant experience
  

Preferred Skills/Experience

• Basic understanding of regulatory and accounting principles which directly affect Wealth Management 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, which includes follow-up on various assignments that are in different stages of a larger end-to-end process
• Demonstrated analytical, problem-solving, decision-making, and organizational skills to ensure work assignments are completed timely
• Effective customer relations, interpersonal, and verbal and written communication skills, and legal documentation interpretation
• Proficient computer navigation skills using a variety of software packages including Microsoft Office applications
  

Location Expectations

This role requires working from the above 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.

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.

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.
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: $25.63 - $34.18
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.