Custody Operations Analyst - Mutual Fund Processing

Custody Operations Analyst 3

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 atall from Day One.

The Mutual Funds Processing team is hiring a Custody Operations Analyst 3 that supports trading and processing work across several areas, including Mutual Fund Trading, Money Market Trading, New Account Setup, and Corrections Processing. The work is operational in nature and centers on completing time-sensitive, detail-driven tasks that support daily trading activity and account maintenance. Responsible for the management and oversight of Wealth, Corporate, Commercial, and Institutional Banking (WCIB) client accounts and products of various types and sizes established by clients for various purposes. Provides technical, industry, process, and trouble-shooting support for products or accounts to a team of operation Specialists within their own unit/discipline. Primary focus is on day-to-day deliverables, developing solutions based upon subject expertise, occasionally representing the department at a broader level; may also contribute to strategic planning within area of expertise. Accountable for the completion of daily processing activities. Delivers a high level of customer service and is responsible for the identification of and minimization of risk in the control environment, process efficiency and effective customer issue resolution. Responsibilities have various levels of risk correlating to the type and size of account or product. May be required to provide supervisory responsibilities and apply independent judgement and decision making based on area of expertise.

Key Responsibilities

- Responsible for managing mutual fund and money market agreement reviews, amendments, and due diligence questionnaires.

- Partners with Legal, Risk, and business line stakeholders to evaluate agreement language and ensure operational requirements are appropriately addressed and supported.

- Oversees mutual fund new account setups, process trade corrections, and resolve operational exceptions to ensure accuracy, compliance, and timely servicing.

- Serves as a key resource for the team by identifying process improvements, mitigating operational risk, and driving issue resolution.

- Works independently to lead team projects, initiatives, and cross-functional efforts while collaborating closely with management.

- Provides leadership support and act as a backup to the manager during absences, helping to maintain workflow continuity, service standards, and team effectiveness.

Basic Qualifications - Three years or more of related experience

Preferred Skills/Experience - Bachelor's degree - Knowledge of or the 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 - Exhibits analytical, problem-solving, decision-making, and organizational skills - Exhibits customer relation skills, interpersonal, and verbal and written communication skills - Understanding of regulatory and accounting principles which directly affect Wealth Management & Investment Services business lines and clients - Proficient in Microsoft Office applications, preferably Excel

Location Expectations

This role requires working from a 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

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

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: $75,820.00 - $89,200.00