Derivatives Reconciliation Specialist Accounting Operations
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 Your journey starts now. U.S. Bank Global Fund Services is seeking a future team member for the role of Derivatives Reconciliation Specialist - Accounting Operations to support our Fund Accounting team. In this role you will be: Responsible for performing daily reconciliations and ensuring the accuracy of derivative trade activity, valuations, and cash movements between custodians/prime brokers. Serving 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. Identifying and resolving 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
- Responsible for performing daily reconciliations and ensuring the accuracy of derivative trade activity, valuations, and cash movements between custodians/prime brokers.
- Serving 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.
- Identifying and resolving reconciliation breaks, document processes, and 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
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
