Custody Operations Specialist - Depository Processing team

U.S. Bank•Milwaukee, WI

1d•Hybrid

About The Position

At U.S. Bank, the Depository Processing team is hiring a Custody Operations Specialist 3. This role is responsible for providing operational support and processing for Wealth, Corporate, Commercial, and Institutional Banking client accounts and products of various types and sizes. Key responsibilities include setting up securities and performing general account and asset-level maintenance, with some level of supervision. The specialist must effectively and accurately coordinate, manage, and complete multiple duties and assignments concurrently within established timelines, understand and achieve Service Level Agreements, and ensure compliance with department policies and procedures. The role involves varying levels of risk depending on the account or product type and size.

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

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