Custody Operations Analyst 1

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

This role supports the Free Movement and Settlement Team, a specialized operations group responsible for the back-office settlement of securities moving into and out of U.S. Bank. The team serves as the final operational checkpoint for receiving assets onto the platform and delivering them when requested. The work is highly operational, transaction-focused, and non-client-facing.

Team members rotate across several operational functions that support different securities movement workflows, providing a broad opportunity to learn multiple aspects of custody operations.

Key Responsibilities

• Manage and oversee WMIS client accounts and products while ensuring operational accuracy and risk mitigation.
• Perform back-office securities settlement activities associated with assigned operational workflows.
• Process daily transactions within established service-level agreements and operational deadlines.
• Monitor activity, research issues, resolve exceptions, and handle escalations.
• Respond to internal inquiries and communicate processing status updates.
• Balance daily production responsibilities with project-related assignments.
• Support process improvements, operational efficiency initiatives, and risk-control activities.
• Collaborate with teammates while demonstrating the ability to work independently.
• Assist with special projects and act as a subject matter resource within assigned areas.
• Deliver a high level of service while maintaining accuracy and compliance with established procedures.

What We're Looking For

The ideal candidate is analytical, adaptable, and comfortable working in an environment with competing priorities and deadlines. Success in this role comes from the ability to research issues, think critically through unfamiliar situations, and take initiative to identify solutions. The team values individuals who are eager to learn operational processes and understand the "why" behind the work.

Basic Qualifications

• Two or more years of related experience.

Preferred Qualifications

• Bachelor's degree.
• Strong proficiency in Microsoft Excel and other analytical tools.
• Ability to quickly learn custody operations systems, procedures, products, and services.
• Strong analytical, problem-solving, and decision-making skills.
• Demonstrated ability to prioritize competing tasks and meet deadlines.
• Ability to work independently while collaborating effectively within a team environment.
• Strong organizational skills and attention to detail.
• Excellent verbal and written communication skills.
• Understanding of regulatory and accounting principles affecting Wealth Management & Investment Services.
• Project management experience or the aptitude to develop project ownership skills.
• Flexibility, adaptability, and a willingness to learn in a dynamic environment.
• Banking, financial services, or investment operations experience is helpful but not required. Candidates from a variety of professional backgrounds will be considered if they demonstrate strong analytical and operational capabilities.

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.

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.

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: $60,435.00 - $71,100.00

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.