Custody Operations Specialist - Depository Processing team
About The Position
The Depository Processing team at U.S. Bank is hiring a Custody Operations Specialist 3. This role is responsible for the operational support and processing of Wealth, Corporate, Commercial and Institutional Banking client accounts and products of various types and sizes established by clients for various purposes. The specialist will be accountable for setting up securities, general account, and asset level maintenance with some level of supervision. Responsibilities have various levels of risk correlating to the type and size of account or product. The individual must effectively and accurately coordinate, manage, and complete multiple duties and assignments concurrently and within acceptable timelines. The role requires understanding and achieving established Service Level Agreements and accountability for compliance with established department policies and procedures. A career with U.S. Bank offers a wide, ever-growing range of opportunities to discover what makes you thrive at every stage.
Requirements
- Associate's degree, or equivalent work experience
- Two or more years of relevant experience
Nice To Haves
- Basic understanding of regulatory and accounting principles which directly affect Wealth, Corporate, Commercial and Institutional Banking business lines and clients
- 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
- Demonstrated analytical, problem-solving, decision-making, and organizational skills
- Effective customer relations, interpersonal, and verbal and written communication skills
- Proficient computer navigation skills using a variety of software packages including Microsoft Office applications
Responsibilities
- Operational support and processing of Wealth, Corporate, Commercial and Institutional Banking client accounts and products of various types and sizes.
- Setting up securities, general account and asset level maintenance with some level of supervision.
- Effectively and accurately coordinate, manage and complete multiple duties and assignments concurrently and within acceptable timelines.
- Understand and achieve established Service Level Agreements.
- Accountable for compliance with established department policies and procedures.
- Oversees free movement activity for Depository Trust Company (DTC) and Federal Reserve (Fed) assets.
- Handles general transaction processing and transfers to external custodians.
- Communicates internally with front office administrators.
- Work is primarily managed through a queue and email.
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
- Incentive and recognition programs
- Equity stock purchase
- Pension
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
Number of Employees
5,001-10,000 employees
