Custody Network Manager - Global Custody

U.S. Bank•Boston, MA

5d•$110,700 - $135,300•Hybrid

About The Position

U.S. Bank is seeking an experienced Custody Network Manager to lead and optimize its global network of sub-custodian banks, cash correspondents, and market infrastructure providers across nearly 100 international markets. The role manages strategic banking relationships, supports client access to global markets, oversees risk across international jurisdictions, and advances initiatives that support the growth of the Global Custody business. The manager develops and maintains provider relationships, leads service-provider selection and negotiations, oversees performance and risk, and serves as an escalation point for significant custody, settlement, cash, and operational issues. The role also provides market intelligence and client advice, supports new market openings and business growth, and represents U.S. Bank in industry forums and client events. The position requires working from a U.S. Bank location three or more days per week and approximately 10% domestic and international travel.

Requirements

Bachelor’s degree in Finance, Business, Economics, or a related field.
At least 5 years of experience in Global Custody, Network Management, Securities Services, Correspondent Banking, Capital Markets, or related financial services.
Fluency in English.
Willingness to travel domestically and internationally approximately 10%.
Ability to work from a U.S. Bank location three or more days per week.

Nice To Haves

Advanced degree.
Strong knowledge of global custody, sub-custody, cash correspondent banking, market infrastructure, settlement practices, EU depositary services, and prime brokerage.
Experience in relationship management, contract negotiations, provider due diligence, and third-party risk oversight.
Understanding of global regulatory frameworks, operational risk, and securities market practices.
Ability to influence senior executives, clients, market entities, and strategic partners.
Strong analytical, problem-solving, decision-making, and strategic thinking capabilities.
Excellent written, verbal, and presentation skills, including the ability to communicate complex topics effectively.
Strong client-service orientation and ability to manage multiple priorities in a global environment.
Knowledge of geopolitical developments and global financial markets.
Additional languages.

Responsibilities

Develop and manage relationships with sub-custodian banks, cash correspondents, central securities depositories, and other market infrastructure providers worldwide.
Lead RFI and RFP initiatives to identify, evaluate, and select service providers.
Negotiate custody agreements, correspondent banking documentation, service level agreements, and fee structures.
Oversee provider performance, financial stability, operational resilience, and regulatory standing.
Serve as the primary escalation point for significant custody, settlement, cash, and operational issues.
Identify opportunities to strengthen network capabilities, improve service delivery, optimize costs, and reduce risk.
Support new market openings, business expansion initiatives, and product launches.
Perform due diligence and ongoing risk assessments of network providers.
Monitor geopolitical developments, regulatory changes, market infrastructure evolution, and emerging operational risks.
Partner with Risk, Compliance, Legal, Tax, Operations, Treasury, and Information Security teams to support adherence to enterprise standards and regulatory requirements.
Support audits, governance reviews, regulatory examinations, and client due diligence requests.
Promote accountability, ethics, risk awareness, and client focus.
Serve as a subject matter expert on assigned markets, settlement practices, market infrastructure, and regulatory environments.
Maintain market intelligence, risk assessments, and best-practice guidance for internal and external stakeholders.
Publish market updates, operational alerts, and regulatory notifications affecting clients and business partners.
Deliver presentations, market briefings, and strategic insights on market developments and industry trends.
Advise clients and internal stakeholders on market access, custody solutions, and local market practices.
Collaborate with Product, Sales, Relationship Management, Operations, FX, Treasury, and other business partners to support client and growth initiatives.
Represent U.S. Bank in industry forums, governance meetings, market advocacy groups, and client events.
Support business development efforts, client due diligence meetings, and strategic growth opportunities.
Monitor industry developments, including digital assets, market modernization, settlement reform, and operational resiliency initiatives.

Benefits

Healthcare coverage (medical, dental, and vision).
Basic term and optional term life insurance.
Short-term and long-term disability coverage.
Pregnancy disability and parental leave.
401(k) and employer-funded retirement plan.
Paid vacation of 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 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
Incentive and recognition programs.
Equity stock purchase, 401(k) contribution, and pension, subject to eligibility requirements.