Custody Operations Specialist
About The Position
U.S. Bank is hiring a Custody Operations Specialist to join a 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 helps ensure that funds move accurately and efficiently between clients and financial institutions. The specialist manages assigned transactions involving products such as 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 sufficient funding is available for maturing assets. The role works closely with paying agent and transfer agent teams, client managers, and team leadership. The position is based at U.S. Bank’s 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-oriented and accurate.
- Comfortable working in a fast-paced environment where priorities and transaction volumes can change quickly.
- Careful attention to detail when handling high-dollar transactions.
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, including medical, dental, and vision coverage.
- Basic term and optional term life insurance.
- Short-term and long-term disability insurance.
- 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 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.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
Associate degree
