Custody Operations Analyst - Global Reconciliations

U.S. Bank National Association • Milwaukee, WI

2d • $60,435 - $71,100 • Hybrid

About The Position

The Global Reconciliation team plays a critical role in supporting international custody operations by reconciling foreign market transaction records between global sub-custodians and U.S. Bank systems. Working in a highly collaborative environment, the team partners with multiple operational groups to ensure accuracy, resolve discrepancies, and support the timely processing of global custody activities.
As a Custody Operations Analyst I, you are responsible for the management and oversight of Wealth, Corporate, Commercial, & Institutional Banking (WCIB) client accounts and products of various types and sizes established by clients for various purposes. You will support daily reconciliation processes for global custody transactions. This role is ideal for someone who enjoys problem-solving, working with data, and collaborating across teams to investigate and resolve operational exceptions. You'll gain exposure to international markets, custody operations, and a variety of operational platforms and processes.

Requirements

• Two years or more of related experience

Nice To Haves

• 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, Corporate, Commercial, & Institutional Banking business lines and clients
• Proficient in Microsoft Office applications, preferably Excel

Responsibilities

• Perform daily reconciliation activities using reconciliation platforms and operational systems.
• Research and resolve reconciliation exceptions and discrepancies.
• Complete matching processes and investigate outstanding items.
• Meet established service level agreements (SLAs) and daily production deadlines.
• Follow defined operational procedures and team schedules.
• Communicate with internal business partners to resolve reconciliation-related inquiries.
• Collaborate with teams across settlements, foreign exchange, global income, cash movement, and other custody functions.
• Support process improvements and adapt to changes in systems, platforms, and operational procedures.

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: Entry Level