Custody Operations Specialist
About The Position
Join U.S. Bank’s fast-paced operations team supporting money market instruments and serving as an issuance and paying agent. The role processes financial transactions from issuance through maturity and facilitates accurate, efficient movement of funds between clients and financial institutions. Products include commercial paper, certificates of deposit, and medium-term notes. The position typically handles approximately 40 to 50 deals per day, tracking transactions through settlement, releasing outgoing proceeds by wire, monitoring incoming funds, and ensuring adequate funding for maturing assets. The role is based at the St. Paul West Side Flats location and requires working from a U.S. Bank location three or more days per week. The schedule is Monday through Friday, approximately 8:00 a.m. to 4:30 p.m.
Requirements
- Associate's degree or equivalent work experience.
- Two or more years of relevant experience.
- Detail orientation and accuracy.
- Comfort working in a fast-paced environment where priorities and transaction volumes can change quickly.
Responsibilities
- Manage assigned money market transactions from issuance through settlement and maturity.
- Process and release outgoing proceeds through wire transactions.
- Monitor incoming funds and ensure appropriate funding is available for maturing assets.
- Handle approximately 40 to 50 transactions per day in a fast-paced processing environment.
- Communicate with clients and financial institutions when additional information or funds are needed.
- Partner with paying agent and transfer agent teams, client managers, and team leadership to complete transactions accurately and on time.
Benefits
- Healthcare coverage, including 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.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
