Private Wealth Operations & Onboarding Associate

U.S. Bank; Minneapolis (MN); On-site; USD 92,820 - 109,200; Full time

Benefits offered by this job

Healthcare

Life insurance

Disability insurance

401(k)

Paid vacation

Job summary

U.S. Bank, through its Ascent Private Capital Management division, seeks a Family Office Operations Associate to support onboarding and ongoing servicing of trust and investment accounts.

You will review statements and governing documents to establish accurate account setups across multiple bank systems, working with Client Teams and internal partners. Responsibilities include end-to-end account openings, fee setups, and ensuring compliance with fiduciary law and AML/KYC requirements.

Qualifications

• Bachelor's degree in Finance, Business Admin, or related field (or equivalent experience).
• 2+ years in Wealth Management, trust, investment, and account opening processes.
• 2+ years in trust administration, investment services, or account management.

Responsibilities

• Manage end-to-end process for opening banking, trust, and investment accounts, including documentation review and verification.
• Ensure compliance with governing documents, state statutes, and company policies.
• Coordinate with internal teams (Trust Officers, Investments, Operations, Client Teams) to facilitate timely account setup.
• Provide clear communication regarding requirements, timelines, and next steps.
• Address portfolio exceptions and ensure regulatory and fiduciary compliance.

Skills

Project management

Crisis management

Fiduciary knowledge

Compliance AML/KYC

Trust operations

Education

Bachelor’s degree in Finance or related field

Tools

Trust systems

Digital onboarding

Job description

U.S. Bank, through its Ascent Private Capital Management division, seeks a Family Office Operations Associate to support onboarding and ongoing servicing of trust and investment accounts.

You will review statements and governing documents to establish accurate account setups across multiple bank systems, working with Client Teams and internal partners. Responsibilities include end-to-end account openings, fee setups, and ensuring compliance with fiduciary law and AML/KYC requirements.