Multiple Positions - Collateral Management Operations Associate

U.S. Bank • Saint Paul, MN

1d • $75,820 - $89,200 • Hybrid

About The Position

The Collateral Management Operations Associate will support the day-to-day margin and collateral processes of the broker-dealer. The role is designed for a hands-on operations professional who can execute accurately in a time-sensitive environment, investigate exceptions, maintain strong controls, and help build a new collateral management capability as the business expands.

Requirements

• Associate's degree or equivalent work experience
• At least 3 years experience in securities operations, collateral/margin operations, settlements, middle office, or a related capital markets function.

Nice To Haves

• Strong attention to detail, analytical ability, and comfort working with high-volume, deadline-driven processes.
• Ability to investigate breaks, reconcile data, document findings, and escalate issues clearly.
• Strong written and verbal communication skills and ability to work effectively across Operations, Front Office, Risk, Treasury/Funding, and Technology.
• Direct experience processing margin calls, collateral movements, repo/reverse repo, tri-party activity, or securities financing transactions.
• Familiarity with collateral management, clearing, settlement, or reconciliation platforms.
• Working knowledge of fixed income products and the securities trade lifecycle.
• Strong Excel and data-analysis skills; experience with workflow or automation tools is a plus.
• Interest in helping build a new team, procedures, controls, and technology capability.

Responsibilities

• Process daily margin calls and collateral movements in accordance with governing agreements, procedures, cutoffs, and internal controls.
• Monitor collateral positions, eligibility, substitutions, settlements, and exceptions across assigned counterparties and products.
• Perform daily reconciliations and investigate differences between internal systems, counterparties, custodians, clearing banks, and other relevant records.
• Research margin disputes and breaks, maintain clear supporting documentation, and escalate unresolved or material issues promptly.
• Monitor collateral settlement status and work with Settlements, counterparties, custodians, and clearing banks to resolve fails and discrepancies.
• Validate transaction and static data inputs used in the collateral process and escalate potential data-quality issues.
• Maintain complete audit trails, checklists, evidence, and procedure adherence for assigned activities.
• Support management reporting and metrics, including call volumes, disputes, aging, fails, exceptions, and control results.
• Participate in UAT, process design, automation, platform implementation, and new-business readiness activities.
• Cross-train across team responsibilities and provide coverage during peak volumes, absences, and business launches.
• Identify recurring issues and propose practical process or control improvements.

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
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree