Derivatives Reconciliation Specialist Accounting Operations

U.S. Bank • Milwaukee, WI

15d • Onsite

About The Position

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. Job Description Responsible for performing daily reconciliations and ensuring the accuracy of derivative trade activity, valuations, and cash movements between custodians/prime brokers. This role services as a key link between accounting operations, fund advisors, and external counterparties, working to maintain data integrity and support timely financial reporting and fund audit support. The Specialist will identify and resolve reconciliation breaks, document processes, and contribute to ongoing workflow improvements that enhance efficiency and scalability as the business grows.

Requirements

• Bachelor's degree in accounting or finance, or equivalent work experience
• Two to four years of experience in accounting or finance activities

Nice To Haves

• Strong analytical skills, attention to detail, and the ability to troubleshoot data discrepancies
• Comfortable working under daily deadlines and managing multiple priorities
• Effective communication and collaboration skills.
• Basic understanding of Microsoft Office applications (Excel)

Responsibilities

• performing daily reconciliations
• ensuring the accuracy of derivative trade activity, valuations, and cash movements between custodians/prime brokers
• maintain data integrity
• support timely financial reporting and fund audit support
• identify and resolve reconciliation breaks
• document processes
• contribute to ongoing workflow improvements that enhance efficiency and scalability as the business grows

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: Mid Level
• Number of Employees: 5,001-10,000 employees